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33 sats \ 1 reply \ @standardcrypto OP 29 Apr \ parent \ on: The Evolution of Bitcoin Mining Pool Rewards: Fixed & Upfront Payouts bitcoin
Why is it any more centralizing than any other thype of pool?
If it enables miners to more easily derisk their operations from price and hashrate fluctuations, they can concentrate on what they do best
MINE BLOCKS FOR CHEAP
and grow hashrate faster. Which is decentralizing.
What'm I missing?
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0 sats \ 0 replies \ @k00b 29 Apr
I could be totally off my rocker but ...
Creating a pool like this is very expensive and few other pools will be able to operate this way. This type of hashrate insurance is also very attractive to miners so they'll be disproportionately attracted to the pool.
If Luxor starts censoring, are miners going to abandon this predictability which is so desirable? One, adversarial, way to view this is that Luxor is bribing miners so that they can control more block templates.
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