~/panel

Panel Discussion - Dangers of Pool hash wars and how to keep pools decentralized

on YouTube 01h 05m
Panelat Mining Disrupt 2021 · 2021-07-20..07-21· [bitcoin]

speakers

name:Philip Salter
links:none on file
name:Alejandro de la Torre
github:AlejandroDeLaTorre
name:Pavel Moravec
links:none on file
name:Ethan Vera
links:none on file
name:Jay Beddict
links:none on file
name:Carson Smith
links:none on file
name:Arseniy Grusha
links:none on file
name:Jesse Phillips
links:none on file

resources

video:https://youtu.be/5sbdi8p_e7k
slides:none on file

summary

Post-China hash migration pushes decentralization: largest pools sit near ~15% and miners switch pools in minutes because switching cost is near zero. Pools add custody, lending and pool savings (examples: ~9% APY) and experiment with hashrate futures and derivatives; one hashrate-token project (Mars) is paused. Technical fixes include stratum v2 for miner job negotiation and proposals for lightning watchtowers; risk centers on commodified block space and PPS+ operator exposure rather than an imminent coordinated pool attack.

AI-written summary · about

chapters (5)

  1. 0:00Start
  2. 39:13Bitcoin Mining Bleed over
  3. 41:42The Lessons Learned from What Went On in Ethereum
  4. 54:33Decentralized Mining Pools
  5. 1:02:37Three Suggestions How To Choose a Mining Pool if You'Re Choosing a Mining Pool

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