š
Original date posted:2015-05-31
š Original message:On Sun, May 31, 2015 at 9:45 AM, Alex Mizrahi <alex.mizrahi at gmail.com>
wrote:
>
>
>> That orphan rate increase will go to whoever is producing the 20MB
>> blocks, NOT you.
>>
>
> This depends on how miners are connected.
>
> E.g. suppose there are three miners, A and B have fast connectivity
> between then, and C has a slow network.
> Suppose that A miners a block and B receives it in 1 second. C receives it
> in 6 seconds.
> This means that blocks mined by C during these ~5 seconds will be orphaned
> because B gets A's block first.
>
Yes, if you are on a slow network then you are at a (slight) disadvantage.
So?
There are lots of equations that go into the "is mining profitable"
equation: cost of power, Internet cost and connectivity, cost of capital,
access to technology other miners don't have, inexpensive labor or rent,
inexpensive cooling, ability to use waste heat...
That's good. An equation with lots of variables has lots of different
maximum solutions, and that means better decentralization -- there is less
likely to be one perfect place or way to mine.
--
--
Gavin Andresen
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Gavin Andresen [ARCHIVE] /
npub1s4ā¦d44kw
2023-06-07 17:35:58
in reply to nevent1qā¦2p3e
Author Public Key
npub1s4lj77xuzcu7wy04afcr487f0r3za0f8n2775xrpkld2sv639mjqsd44kwPublished at
2023-06-07 17:35:58Event JSON
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Original date posted:2015-05-31\nš Original message:On Sun, May 31, 2015 at 9:45 AM, Alex Mizrahi \u003calex.mizrahi at gmail.com\u003e\nwrote:\n\n\u003e\n\u003e\n\u003e\u003e That orphan rate increase will go to whoever is producing the 20MB\n\u003e\u003e blocks, NOT you.\n\u003e\u003e\n\u003e\n\u003e This depends on how miners are connected.\n\u003e\n\u003e E.g. suppose there are three miners, A and B have fast connectivity\n\u003e between then, and C has a slow network.\n\u003e Suppose that A miners a block and B receives it in 1 second. C receives it\n\u003e in 6 seconds.\n\u003e This means that blocks mined by C during these ~5 seconds will be orphaned\n\u003e because B gets A's block first.\n\u003e\n\nYes, if you are on a slow network then you are at a (slight) disadvantage.\nSo?\n\nThere are lots of equations that go into the \"is mining profitable\"\nequation: cost of power, Internet cost and connectivity, cost of capital,\naccess to technology other miners don't have, inexpensive labor or rent,\ninexpensive cooling, ability to use waste heat...\n\nThat's good. An equation with lots of variables has lots of different\nmaximum solutions, and that means better decentralization -- there is less\nlikely to be one perfect place or way to mine.\n\n-- \n--\nGavin Andresen\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150531/11fb2d62/attachment.html\u003e",
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