1/ We’re excited to announce the release of @kadena_io’s Chainweb-Mining-Client.
This software allows #miners to mine to their own nodes, without going through a pool and paying the associated pool fees, mitigating centralization within pool servers.
This software allows #miners to mine to their own nodes, without going through a pool and paying the associated pool fees, mitigating centralization within pool servers.
2/ A longstanding “POW isn’t decentralized” argument is the need for centralized pools to mine efficiently.
With Chainweb-Mining-Client, Kadena could be the first pool-less protocol. No validator nodes (#POS), no pool servers (#POW), just pure mining and full nodes.
With Chainweb-Mining-Client, Kadena could be the first pool-less protocol. No validator nodes (#POS), no pool servers (#POW), just pure mining and full nodes.
3/ Traditionally pools were there to give miners more frequent payouts. But because Kadena has a much higher block rate, we’ve found that mining solo can actually yield similar/better results.
4/ This is an experiment, and yet our internal testing has been as promising as it was unexpected.
It appears a side effect of scaling POW is that it also solves the centralized-POW-pool problem! Just mine to your local node!
It appears a side effect of scaling POW is that it also solves the centralized-POW-pool problem! Just mine to your local node!
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