You don’t have to be in China to use a Chinese pool. I think it’s a worldwide issue where pools that are known by users are “trustable” in their eyes, and therefore used without looking any further. F2pool rings a bell, so they use them even if they have 60% of the hash. Or it rings a bell to someone on YouTube who makes a guide or they’re being paid to promote it. Who knows. Basically, if you know the basics of crypto you know to avoid large pools but most people are here to make a quick buck. Again, the root of the problem is greed, not by any certain country or race, but from most people in the space. They got into crypto to make money not for the greater good.
1 Like
btw. quickly adopting difficutly also hurting decentralization. because profitability-hoppers only use the largest pools. looks like it is mostly compensating luck.
But Seb, you know this happens even when teams call for more pool diversification and even when there are multiple different open source protocols. Look at the CN coins, mining pool centralization is prominent there as well even when it’s simple for avg joe to set up a pool. You know too well that miners flock to the pools with the biggest hash rate( assuming they are the most trusted) and not the pools with the lowest fees.
What you are arguing here is valid, however, a call for more pools isn’t going to solve the problem.
most of them use “zawy” difficutly adjustment algorithm, which is one reason for the concentration. other is constant emergency forks, which thinnens the field of pools every time.
not when you have choice and competition. 3% fee (aka. insane margin) at the #1 pool is a sign of no competition. the largest monero pool got 11% of the network and there is many monero pools because you can run it with very litte ressources. a grin pool should require even less resources.
2 Likes
I understand you don’t have to be in China to use a Chinese pool.
A Chinese miner user is more likely to use a Chinese pool, because A) it is geographically closer to them, and B) A Chinese pool will have a Chinese language website. Kinda makes it easier for them to read and perhaps give them a sense of comfort, or a sense of supporting a local business, as opposed to a foreign one.
Why do we need more pools? Here we have grin-pool.org. Stable work, EU and US-east servers, 0% fee. Non-Chinese pool and not as big fee as grinmint decided to set. Why there are not so many miners on it?
Of course we need more pools.
Why are you constantly shilling grin-pool.org in these forums? What is your connection to that pool?
when it’s centralized you can stop mining and make it a database. there is zero security when hashes aren’t widely spread.
mean that we already have where to spread the hashing power. So what? Is Grin hashrate distributed more evenly? Of course not. Miners are greedy, they are thinking about profit, and only about profit. They don’t care about decentralization. Even zero fees are not a reason to move to another pool for them.
usually a sign of a broken market.
Or, it’s a sign that the Grin community works and cares for others. Celebrate the smart and talented miners who also do good.
why not have one official pool only then? why even have a blockchain at all? if it’s centralized the security of the chain is gone. most people don’t seem to know that.
Expect more miners coming online soon. Only the best have been able to figure out how to set up pools so far and they a have been very busy and not in a rush to help noobs.
First thing that needs to change is the ranking on coinmarketcap. It has been falsely stuck on #1738 for a week.
it’s easy to setup a pool. the problem is the users fail to claim their coins and that is lots of manual work and other problems. also the pool cannot provide a proof for the payment.
if thats true, why? should be easy not hard…
Everyone is coming to this working with what they have. Grin is perfect for trying out new things and making it work. The fun is the learning curve for some, seeing what bits and bobs work and don’t.
sure, but a grin pool requires only little resources compared to other coins. wonder why there is so few then.
Grin has caught many miners off guard and some are waiting for the custom graphics heavy GRIN miners shipping out this month.
Why is this the case? Care elaborating?