vnprc on Nostr: Matt, you are playing semantics not me. > it removes an entire class of liabilities ...
Matt, you are playing semantics not me.
> it removes an entire class of liabilities that need to be tracked. The business owner no longer needs to be concerned with unredeemed shares.
This is the actual win. It simplifies life for the pool operator and reduces barriers to entry as a new mining pool.
> Most of the complexity is to provide additional features users want like hashrate monitoring, device monitoring, etc. that obviously doesn’t change since users still want that info!
Yes. And this is a dumb model. We can do better.
> it removes an entire class of liabilities that need to be tracked. The business owner no longer needs to be concerned with unredeemed shares.
This is the actual win. It simplifies life for the pool operator and reduces barriers to entry as a new mining pool.
> Most of the complexity is to provide additional features users want like hashrate monitoring, device monitoring, etc. that obviously doesn’t change since users still want that info!
Yes. And this is a dumb model. We can do better.
quoting note1h29…9flxThe reason mining pools set low difficulty thresholds today is so that they can provide metrics to their miners. There is a better way.
If the miner runs a hashrate proxy they can monitor their own metrics and only submit actually valuable proof of work shares upstream to the pool. This reduces the resource load on the pool and solves practically all performance problems.
We don't need to do things the stupid way just because that is how they have always been done.