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One solution for this already exists: P2Pool. From the wiki page, "P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes." The key thing is that since it's p2p, there's no owner of the network who can use it to perform a 51% attack.

P2Pool is not perfect, but it works and it shows that decentralized pools mining are possible. With some improvement, it (or something like it) could be a replacement for all centralized mining pools.

https://en.bitcoin.it/wiki/P2Pool



You obviously haven't clicked on the link. P2Pool requires too many resources (a full-node). Whereas most of current mining, ran by trusted third-party pools, can even be done off of a raspberry pi, which requires much less resources.


You can just connect to a P2Pool node you know. You don't need to set up your own. Check out http://whatisp2pool.com if you still want to learn more.


Isn't that again just recentralizing? The P2Pool nodes could be malicious


Well that's what the share chain is for. Again, if you don't trust the nodes you can run your own.


I used to run a full-node on a Raspberry Pi, has the transaction volume made this unfeasible?


Very. You'd be looking at months to sync, if it managed to at all.


Here is what happens when you _mention_ P2Pool in Bitcoin forums: https://bitcointalk.org/index.php?topic=325737.0

Note that the subject of the post isn't p2pool but the responses are pages of anti-p2pool FUD.


Did you even click on the link?


Is this "Seti@Home" for bitcoin mining?




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