DEMAND: The Bitcoin Mining Pool Putting Power Back in the Hands of Solo Miners
In the world of Bitcoin mining, centralization has become a growing concern. With major mining pools holding significant power over the network, there is a risk of censorship and even a 51% attack. Alejandro De La Torre, a veteran in the Bitcoin mining industry, has decided to take matters into his own hands by launching DEMAND, a Bitcoin mining pool that aims to decentralize the landscape and empower solo miners.
De La Torre, along with his business partner Filippo Merli, founded DEMAND in 2023 with a mission to give solo miners more control over their mining operations. The pool operates on the Stratum V2 protocol, allowing miners to choose their own mining templates and build their own blocks. This level of control is a major departure from traditional mining pools, where decisions are often made at the pool level.
But DEMAND is not just about empowering solo miners – it’s also about incentivizing them. De La Torre encourages miners to join DEMAND by offering them the opportunity to sell their hash rate on a marketplace, ensuring that they receive income for their efforts. Additionally, DEMAND uses the PPLNS payment system, which allocates profits based on the number of blocks mined per day, ensuring fair payouts for miners.
One of the key aspects of DEMAND is its focus on node proliferation. By requiring miners to run their own nodes to use the pool’s block templates, DEMAND not only decentralizes the hash rate but also contributes to the decentralization of Bitcoin’s governance. De La Torre believes that this is crucial for the health of the Bitcoin network.
As DEMAND continues to grow, De La Torre is committed to expanding its services to include pooled mining and is actively seeking more miners to join the pool. He envisions DEMAND as a stable and trustworthy pool with transparent payouts, setting it apart from other “black box” pools in the industry.
With the launch of DEMAND, De La Torre is on a mission to address the centralization issues plaguing the Bitcoin mining industry. By giving power back to solo miners and promoting node proliferation, DEMAND is paving the way for a more decentralized and secure Bitcoin network.
