Hello All,
I have been mining for a while and have tried different pools to benchmark the profits. On this time, I observed recently single wallets that get up to 10% of the mined blocks or also a private company like Avalon Life getting up to 30% of the blocks.
That makes me wonder that there could be a risk on letting private pools to be created by a company or couple of individuals and therefore almost monopolize the market. For example, if a company consolidates right now 2 TH/s of processing power in a pool, they will acquire half of the global hash rate and so theoretically also half of the profits of all blocks mined.
That gets me to my question. Are there restrictions for a single pool (public or private) to get the majority of the global hashrate and therefore leave the rest of miners with little to no profit?
Any information will be appreciated.
Dado
I have been mining for a while and have tried different pools to benchmark the profits. On this time, I observed recently single wallets that get up to 10% of the mined blocks or also a private company like Avalon Life getting up to 30% of the blocks.
That makes me wonder that there could be a risk on letting private pools to be created by a company or couple of individuals and therefore almost monopolize the market. For example, if a company consolidates right now 2 TH/s of processing power in a pool, they will acquire half of the global hash rate and so theoretically also half of the profits of all blocks mined.
That gets me to my question. Are there restrictions for a single pool (public or private) to get the majority of the global hashrate and therefore leave the rest of miners with little to no profit?
Any information will be appreciated.
Dado