Thursday, July 20, 2017

Decentralized Mining

There’s been a lot of concern over Ghash reaching over 51% of the bitcoin network. Previously I’ve written about why this doesn’t bother me. There’s a very reasonable solution to all of this — location based domain were huge in the 90′s and early 2k’s. They make a lot of sense for mining pools. If mining pools are geographically they should be essentially equal, with a nexus around Lake Moses, WA. If you’re in the geo-domain community and this is something that interests you please send me an email: x (at) chicago.com.