How do we model hashrate accounting and financial structures?
FPPS
PPLNS
PPLNS-JD aka SLICE
#asknostr
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Pure Bank
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Production and Consumption
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Time Preference Fallacy
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Thin Air Fallacy
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This paper is good as well, esp. in relation to a mint based economy
The Nature of the Firm - Wikipedia
And this one in regards to keeping mints honest by exiting. I think the novel value of hashrate is that it is very difficult to monopolize (energy is ubiquitous)
Agency Costs of Overvalued Equity
Exit, loyalty, and voice is another good read
Who is we?
Yes.
I would say PPLNS but the TIDES version. Seem the fairest but also, with low hash is a rough initialization period. Tides is Pool agnostic only that shares have high resolution (are kept in order) and payment splits are non-custodial. Everything else is adjustable.
OCEAN
TIDES Technical Documentation
Hoping to explore other models for hashrate and blockspace markets too.
I guess the difference is that the SLICE designation is PPLNS but the N shares is a template determined algorithm? Either way PPLNS seems the most fair it's just how to determine the "N" of shares that seems to differentiate these versions.
Only care that miners:
Create their own templates
Broadcast their valid blocks not the pool
Have access to transparent share accounting system
The pool's obligation is:
Keep share accounting
Rebroadcasting valid blocks found by workers
Have several template selections
If those criterion are followed, that could be ANY pool.