This fork has brought much debate in our community, at best stopping a thief from running away with our cash and at worst causing an unmendable rift in our community. Whatever your opinion is about the fork, one thing is clear: The voting process should be fair. Miners should be honestly represented.
At HonestPool, we don't think that's the case. Mining in pools has obvious benefits, but there's one downside that's never talked about, and that's miners giving up control of their mining power to someone else. You can see this in action in current pool's voting processes
, where "no" votes are ignored and non-votes are treated as if they're not even there
. These two pools, ethpool and dwarfpool, along with f2pool, control more than 61% of the network
, more than enough to decide the outcome of this fork. And yet, more than 70% of their users haven't even voted. Only a small percentage has -- around 20% -- and even less than that have voted yes. If you take 20% of their total 61% network power, this means only 12% of the network can decide the outcome of this fork decision.
We think this is wrong. This was not the intention of the Ethereum developers, and it circumvents the security of our network. As miners it's our duty to uphold this security.
So we created another pool, http://honestpool.com
. If you mine with us, for this fork decision -- and this fork decision only -- we won't vote the fork.
Note that we're not just trying to rep our pool here -- if we were we'd be voting for the fork. Instead, we're trying to give no votes a place to go where they'll be fairly counted. Here's how we see the breakdown, along with our recommendation:
- If you want the fork, and you're using a pool, stay at the pool you're using. Switching is obviously cumbersome, and your vote will be counted correctly there.
- If you don't want the fork and you're using the top three pools, you'll be inaccurately represented, as none of your hashing power will actually go toward voting "no" on the network. If you switch to HonestPool, however, it will.
- If you haven't voted, and don't care about this decision specifically, then your vote in the top three pools will be an automatic yes. We find this disconcerting, as the creators of Ethereum specifically stated that 51% of all miners need to vote "yes" in order to enact a fork -- not just more people than those that vote "no". We think this is important to the safety and security of the Ethereum ecosystem, and at HonestPool we want to uphold miner's voting power. You can switch here if you a) don't care about the fork decision, but b) do care about maintaining a proper voting system.
No matter what you think the outcome should be, we can all agree that everyone should vote.
This secures our network, and as miners upholds our duty to the community as a whole. So please: Vote in your pools. Vote with your mining power. Make sure this is the decision that everyone wants.
Please maintain health discussion on this. All opinions welcome.
Creator of HonestPoolhttp://honestpool.com