Assuming BetterHash makes improvements on lowering the cost to run a pool (BetterHash ‘Pool Protocol’ operator vs Stratum pool operator), then does that not incentivize more competition between pool operators, thus improving security?
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Replying to @SGBarbour @hugohanoi and
No, the incentive for competition remains unchanged. If there is a financial benefit to the protocol, they simply all upgrade.
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Replying to @evoskuil @SGBarbour and
1) No, this is unchanged vs. current pools. They of course have the "right" to change pools, but the larger pool wins. No improvement. 2) This is not a system security improvement, and is not necessarily an improvement. 3) No, in this case latency increases.
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Replying to @evoskuil @SGBarbour and
1/ That’s assuming pooling will be winner-take-all, which is possible but not guaranteed - why hasn’t one single pool dominated the market *already*?
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Replying to @hugohanoi @evoskuil and
Hugo Nguyen Retweeted Hugo Nguyen
2/ That logic also doesn’t factor in the possibility of solving mining variance *without using pools*, e.g., thru external means such as financial hedges. See my thread on the topic of variance - finding blocks is not the only type of variance.https://twitter.com/hugohanoi/status/1004875566477004800 …
Hugo Nguyen added,
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Replying to @hugohanoi @evoskuil and
3/ Pool architecture dominates mining today, which means the majority of mining traffic is unauthenticated. How is adding authentication not a security improvement?
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Replying to @hugohanoi @evoskuil and
4/ Can you elaborate RE: latency? Traditional pools rely on one single getblocktemplate() service to divide the work between all miners. Eliminating this bottleneck at least gets rid of one type of latency.
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Replying to @hugohanoi @evoskuil and
5/ Bottom line is even if it’s possible to solve mining variance thru something like
#braidpool, it doesn’t mean we can’t pursue both approaches. Especially given that#braidpool is still highly experimental.2 replies 0 retweets 1 like -
Replying to @hugohanoi @evoskuil and
Ignore
@evoskuil, he loves to throw shit on stuff by ignoring all the practical effects, and mostly not even bothering to do research.3 replies 0 retweets 0 likes -
Replying to @TheBlueMatt @hugohanoi and
Now now kids, we can all get along.
2 replies 0 retweets 4 likes
Man this sure blew up 

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Replying to @hugohanoi @BobMcElrath and
Not for me... shit-tons of tweets just disappeared :).
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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