Bitcoin will fail without decentralized mining

Re:Bitcoin will fail without decentralized mining by sktrdie on Monday January 06, 2014 @11:48PM (#7015641)

You obviously haven't clicked on the link. P2Pool requires too many resources (a full-node). Whereas most of current mining, ran by trusted third-party pools, can even be done off of a raspberry pi, which requires much less resources.

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Re:Bitcoin will fail without decentralized mining by verroq on Tuesday January 07, 2014 @12:03AM (#7015704)

You can just connect to a P2Pool node you know. You don't need to set up your own. Check out http://whatisp2pool.com if you still want to learn more.

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Re:Bitcoin will fail without decentralized mining by shawabawa3 on Tuesday January 07, 2014 @06:21AM (#7016681)

Isn't that again just recentralizing? The P2Pool nodes could be malicious

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Re:Bitcoin will fail without decentralized mining by verroq on Tuesday January 07, 2014 @07:09AM (#7016848)

Well that's what the share chain is for. Again, if you don't trust the nodes you can run your own.

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Re:Bitcoin will fail without decentralized mining by foley on Tuesday January 07, 2014 @12:45AM (#7015846)

I used to run a full-node on a Raspberry Pi, has the transaction volume made this unfeasible?

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Re:Bitcoin will fail without decentralized mining by nwh on Tuesday January 07, 2014 @02:19AM (#7016125)

Very. You'd be looking at months to sync, if it managed to at all.

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