Bitcoin Institute

Re: How to overthrow the GPU Oligarchs

Michael Marquardt (theymos) October 1, 2010 16:22 UTC

Pools won’t eliminate the “problem” because pools are not more profitable than normal generation; they just pay out more often. They can’t beat companies that have invested in specialized hardware. They also delegate all of the important network decisions to the pool maintainer, so there’s no security benefit.