I wanted to ask this as it shows on multiple charts, such as coinmarketcap or coingecko that WOW is slowly slowly spiraling down. True, it has some good big UPs post pool-removal though it is quite low now.
I am of the belief that this change, of removing pools, was a bad idea. Pools are quite useful for gathering people to mine, it’s way easier and helps increase the popularity of the coin to other XMR miners, which will increase the safety of the coin.
I know that this was made to make the coin more descentralized, which now it is, although instead of a good workforce of miners we’ve got just the dedicated community, which I believe it isn’t really that big (if there are more than 100k miners then I will say it is a decently big community, if not even 50k, then it’s just a small one in my opinion).
Now that we’ve went through this useless, already-known stuff, let’s go to a way to remedy the problem, only if the developers also wish to do it.
Readd pools, tho now we’l’ have a new way to combat centralization:
-have a way to temporaly disable ore request a temporary end for pools if they reach above a certain hashrate.
We had multiple pools, about two dozens or so, I believe that we should have a max hashrate of 33.3%-40% from the total hashrate per pool.
If a pool reaches 30% hashrate from the total, that respective pool or pool boards should announce and request the temporary stoppage of use of that specific pool. If within a month, that pool increases it’s hashrate from the total to between 33.3%-40% it should be temporary be disabled for the coin’s anonimity.
This way, more miners are going to come, the coin is goin to grow and we’ll have stonks.