3 ms·
Tragedy of the commons. It may be bad for bitcoin as a whole but it's beneficial for that single miner because bigger pool means less variation of miner's incom
by pakitan 12y ago
Tragedy of the commons. It may be bad for bitcoin as a whole but it's beneficial for that single miner because bigger pool means less variation of miner's income.
- mpyne 12y agoIn addition there's also the less rosy issue that if G.Hash becomes more powerful than the other pools and starts doing small-scale theft or other activities, it's safer for your money to "pick the winning team".