>to reduce mining variance there you must use hosted mining Why should people [miners] be able to reduce variance at all? That's not a necessary feature of the

>to reduce mining variance there you must use hosted mining Why should people [miners] be able to reduce variance at all? That's not a necessary feature of the system, and it doesn't seem like a goal worth pursuing. Security is paramount; mining variance is "first-world-problems". >say if GHash.io decides to steal a bunch of coins from their miners It seems far more likely that GHash would try to be sneaky about theft, rather than overt. This would allow them to keep getting away with it (that "long term revenue stream"). I know this sounds sort of unlikely, but consider e.g. GHash functionality to identify and subtly interfere with the operation of automated tools (e.g. ZeroCoin) that make lots of bitcoin transactions. The less likely that human eyes will see a transaction, the easier it will probably be to subvert.