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Is it possible to put everyone in a single large mining pool?

Is it possible to put everyone in a single large mining pool, and share mining reward equally among miners based on hash power and shares.

Bitcoin miner. IT hardware. Electronic devices with wires and cables.

The following content was written by btcusr on December 27, 2013, 02:55:55 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Is it possible to put everyone in a single large mining pool, and share mining reward equally among miners based on hash power and shares.

The following content was written by Peter R on December 27, 2013, 02:57:45 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Yeah, it’s this really big peer-to-peer pool called “bitcoin.” Tongue

The following content was written by e521 on December 27, 2013, 02:59:42 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Is it possible to put everyone in a single large mining pool, and share mining reward equally among miners based on hash power and shares.

Yes you can but you should also trust the mining pool owner
Why do you want to use a decentralized system in a centralized way? Think about it…

The following content was written by Phantomic on December 27, 2013, 03:05:21 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Well assuming even if the impossible happened and every pool miner switched to the same pool, we would still have solo miners who wouldn’t be apart of the pool.

The following content was written by btcusr on December 27, 2013, 03:11:12 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Why should we trust pool operators? Can distribute this trust among miners?

The following content was written by Phinnaeus Gage on December 27, 2013, 03:12:24 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Well assuming even if the impossible happened and every pool miner switched to the same pool, we would still have solo miners who wouldn’t be apart of the pool.

Excellent point! As long as there’s as least 51% of solo miners all is well.

The following content was written by empoweoqwj on December 27, 2013, 03:38:17 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Is it possible to put everyone in a single large mining pool, and share mining reward equally among miners based on hash power and shares.

No, because not everyone wants to be controlled by a pool – “single mining”

The following content was written by BitcoinBarrel on December 28, 2013, 02:51:50 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Yes, it is possible. Is it likely? No, not at all.

The following content was written by jongameson on December 30, 2013, 12:12:12 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


it would be boring as f%*$. the only reason people keep up this charade is they *think* they could beat the odds and get that 25 BTC faster.

The following content was written by empoweoqwj on December 30, 2013, 03:13:08 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


it would be boring as f%*$. the only reason people keep up this charade is they *think* they could beat the odds and get that 25 BTC faster.

What charade? Running solo?

The following content was written by byt411 on January 09, 2014, 03:54:25 PM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


The whole point of bitcoin is to be a decentralized currency, and now you are suggesting to centralize it?

The following content was written by Akka on January 09, 2014, 03:57:36 PM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Yes, it’s even possible for the network to remain decentralized: https://en.bitcoin.it/wiki/P2Pool

(Althoug, basically with P2Pool everyone is solo mining and just shares the rewards)

The following content was written by mitty on January 09, 2014, 05:27:52 PM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Yes, it’s even possible for the network to remain decentralized: https://en.bitcoin.it/wiki/P2Pool

(Althoug, basically with P2Pool everyone is solo mining and just shares the rewards)
Everyone mining on p2pool would be the same as solo mining at 1/60th of the actual Bitcoin network difficulty which is still really high.

I’m assuming the stale share rate would also significantly increase.

The following content was written by Akka on January 09, 2014, 05:32:39 PM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Yes, it’s even possible for the network to remain decentralized: https://en.bitcoin.it/wiki/P2Pool

(Althoug, basically with P2Pool everyone is solo mining and just shares the rewards)
Everyone mining on p2pool would be the same as solo mining at 1/60th of the actual Bitcoin network difficulty which is still really high.

I’m assuming the stale share rate would also significantly increase.


Both can be fixed with implementations like this: https://miner.ecki.net:444/

(“Real” Pool, that mines against P2Pool, don’t know if still active)

The following content was written by empoweoqwj on January 10, 2014, 02:29:10 AM in the thread Is it possible to put everyone in a single large mining pool?. All content is owned by the author of the bitcointalk.org post. (original)


Any form of centralized mining is a bad idea as we have found out with ghash getting near 51%

Not sure if p2pool is the answer, but we need something.

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