I think we spoke on this last night.
It’s almost like a shitty token system
Discussion
Yeah it's literally how forward derivitive contracts on commodities work.
Yes it makes things more predictable for the hasher.
But you pay for this by giving the pool operator control over ALL other mining functions. They simply borrow your hash andn"promise" to pay you a "fair" percentage of the reward based off thebrules THEY set.
How is this, in any way, adhering to the principles of sovereignty and decentralization that bitcoin teaches us?!?!
It's not called Guarantee of Reward. It's Proof of Work. C'mon people...
Why can't people just be happy with a small level of short term uncertainty? Put in the proof of work, get paid for that proof of work if/when it achieves something. Not before and not after.