Fedipool: Fedimint Could Mitigate Bitcoin Mining Pool Concerns
Discussion
Great idea.
Growth and development continue…
great. can be used without changing the bitcoin protocol.
The privacy benefits to miners seems really fascinating. From what I understand, the reward is pooled still and would be un-linkable to individual miners on withdrawal, even to the guardians?
Extract:
“How a Fedipool might look:
A group of independent miners choose to create a Fedimint together. Their combined hash rate results in reduced payout variance: they are paid more frequently and predictably than if they mined alone. Rather than a single pool operator constructing blocks and choosing which transactions to include, each Guardian can construct their own blocks, reducing censorship risk. Additional miners can join the pool in the future to take advantage of the above, but rather than be a Guardian, they choose which Guardian they want to construct their blocks.”
#[1]
God I love this space
This article seems to ignore stratumv2
could be used in combination with stratum v2, wanted to keep it concise
Damn this is super interesting. You should definitely cover it with #[2] on RHR or somewhere. I want to hear more. I read the article but more explanation is needed for my peanut brain for sure.
#[1]
Great insight! I just published my first BTC article if anyone is interested:
https://michaelbronson.substack.com/p/get-off-zero-part-1?utm_campaign=auto_share
Fitting title
Nice write up