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Centralized pool now controls >51% of Monero hashrate, we need a real solution to this soon.
(monero.town)
this post was submitted on 09 Aug 2023
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This has not worked. It is time for a solution on the protocol level to handicap giant irresponsible pools in some way.
It has not worked yet. P2ppool is steadily growing still, new miners have no reason to join a pool. Big system administrators will keep flexing on pools every now and then I guess, botnets too. I don't see us worrying once p2pool gets top 3 or thereabouts.
Yes, I am happy we have p2pool as a go to option for decentralized pool mining. Maybe once the big pools start to enforce KYC we will see a real move to p2pool.
Pools have kyc?
Thanks for ruining my day
Yup, it is a cancer which has started to spread. The bankers want a cut of all human activity, as well as the ability to use violence against you when they wish via the state mafia.
ANTPOOL Institutional KYC User Guide https://support.antpool.com/hc/en-us/articles/17470281316377-ANTPOOL-Institutional-KYC-User-Guide
Okay. Walk me through this. How do you enforce the use of p2pool on the protocol level? How would you even distinguish a pool operation against a solo mining operation?
Wownero tried to eliminate the pool mining. But they enforced solo mining on the protocol level.
So, how would one enforce p2pool mining on the protocol level?
Just found out about wownero (memecoin), they better put that effort to improve monero :/
It's not wasted effort, it is basically like a testnet for Monero where bleeding edge and novel tech can be tested without much impact in case of failure.
If that's in the case, amazing!
Someone would have to get pretty creative. I do not think enforcing p2pool is possible, besides we do not want to kill pool mining all together, but making running a giant pool very inefficient may be the way to go.
Mining protocol changes to combat pool centralization - https://github.com/monero-project/research-lab/issues/98
adding p2pool block hash and something signed by private spend key to the block requirements should accomplish this? whether or not its a good idea is another thing
I don't think OP knows how mining work