We have been working on a peer to peer mining pool that overcomes the problems faced by P2Pool and enables building a futures market for hashrate. The proposal can be found here: https://github.com/pool2win/braidpool/raw/main/proposal/proposal.pdf The key features of the pool are: 1. Lower variance for smaller miners, even when large miners join the pool. 2. Miners build their own blocks, just like in P2Pool. 3. Payouts require a constant size blockspace, independent of the number of miners in the pool. 4. Provide building blocks for enabling a futures market of hash rates. Braidpool: Decentralised Mining Pool for Bitcoin Abstract. Bitcoin P2Pool's usage has steadily declined over the years, negatively impacting bitcoin's decentralisation. The variance in earnings for miners increases with total hashrate participating in P2Pool, and payouts require a linearly increasing block space with the number of miners participating in the pool. We present a solution that uses a DAG of shares replicated at all miners. The DAG is then used to compute rewards for miners. Rewards are paid out using one-way payment channels by an anonymous hub communicating with the miners using Tor's hidden services. Using the payment channels construction, neither the hub nor the miners can cheat.
Full proposal at https://github.com/pool2win/braidpool/raw/main/proposal/proposal.pdf Details on trading hashrate are here: https://pool2win.github.io/braidpool/2021/08/18/deliver-hashrate-to-market-makers.html @pool2win _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
