OceanSlim on Nostr: These pools are made up of thousands of individual miners that can direct their hash ...
These pools are made up of thousands of individual miners that can direct their hash elsewhere if there is a problem. Just because pools are big does not equate to centralization. There will ALWAYS be 1-2 big pools as people will ALWAYS mine with a pool that gives them the most sats for their hash. It takes a miner 5 seconds to switch pools. If there is a censorship problem or a pool near 50% people will point somewhere else. This has happened over and over again. Bitcoin mining does not have a centralization problem just because some pools are big.
Published at
2024-09-08 14:42:02Event JSON
{
"id": "3455c7ef00cd8044ea353ba5cd048cdbfe8b10353438e3ffbca7bdee3bbefa89",
"pubkey": "16f1a0100d4cfffbcc4230e8e0e4290cc5849c1adc64d6653fda07c031b1074b",
"created_at": 1725806522,
"kind": 1,
"tags": [
[
"e",
"35fb25542fd439444c33e23685aba8a10b11e8dfa782eadbaa4e611fcbd811ac",
"",
"root"
],
[
"e",
"fa32bea06f5c43e63b43034d84a9956064480a6349e70afce5cea00403043bb1"
],
[
"e",
"656b2b46ccb1282486aac5fdf83a1cda61d7e7c94b98b4a71ee703b5b2d76290",
"",
"reply"
],
[
"p",
"16f1a0100d4cfffbcc4230e8e0e4290cc5849c1adc64d6653fda07c031b1074b"
],
[
"p",
"6fda5bce2882176bfbabfab503a1b5281329582d71c4be84bbb567e65c1a791f"
]
],
"content": "These pools are made up of thousands of individual miners that can direct their hash elsewhere if there is a problem. Just because pools are big does not equate to centralization. There will ALWAYS be 1-2 big pools as people will ALWAYS mine with a pool that gives them the most sats for their hash. It takes a miner 5 seconds to switch pools. If there is a censorship problem or a pool near 50% people will point somewhere else. This has happened over and over again. Bitcoin mining does not have a centralization problem just because some pools are big. ",
"sig": "d774e929ce4aaf99ee78a06f93c0441aafebf8cef93ba0c186822823c374f457168b517b48c2e85c8f361f30e9bb21402d0b81a0b7b47edc9efea43db9f9a53e"
}
