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In light of Ghash.io’s second flirting with 51% sending the community into panic mode, an alternative is being released which claims to help decentralize the mining process.
“1 BTC sent as a donation is split by shares down to a minimum cut off, and miners without enough shares to earn the cutoff amount are grouped into a lottery with a chance to win the entire cutoff pool based on their actual contributions.”
“If a business decides to regularly donate 1% of bitcoin profits (or any reasonable amount) to P2Pool miners or other distributed mining networks, it will provide a long term incentive for miners to switch to decentralized mining away from large centralized ones.”
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