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[~ratbanebo@ptr-fyrl7zxnj23zh7eh3f5.18120a2.ip6.access.telenet.be] has joined #bitcoin-wizards 03:31 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has quit [Ping timeout: 276 seconds] 03:34 -!- ratbanebo [~ratbanebo@ptr-fyrl7zxnj23zh7eh3f5.18120a2.ip6.access.telenet.be] has quit [Ping timeout: 240 seconds] 03:35 -!- Aaronvan_ [~AaronvanW@unaffiliated/aaronvanw] has joined #bitcoin-wizards 03:36 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has quit [Ping timeout: 240 seconds] 03:42 -!- Aaronvan_ is now known as AaronvanW 03:45 -!- kanzure [~kanzure@unaffiliated/kanzure] has joined #bitcoin-wizards 03:45 -!- kristofferR [~kristoffe@168.37-191-169.fiber.lynet.no] has joined #bitcoin-wizards 03:51 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 04:23 -!- ratbanebo [~ratbanebo@ptr-fyrl7zxnj23zh7eh3f5.18120a2.ip6.access.telenet.be] has joined #bitcoin-wizards 04:23 < kanzure> haskell merkle tree things https://github.com/adjoint-io/merkle-tree 04:24 -!- deusexbeer [~deusexbee@079-170-138-066-dynamic-pool-adsl.wbt.ru] has quit [Ping timeout: 246 seconds] 04:24 < kanzure> "Proofs of work for blockchain protocols" https://eprint.iacr.org/2017/775 04:25 -!- deusexbeer [~deusexbee@080-250-076-192-dynamic-pool-adsl.wbt.ru] has joined #bitcoin-wizards 04:26 -!- kristofferR [~kristoffe@168.37-191-169.fiber.lynet.no] has quit [Quit: Textual IRC Client: www.textualapp.com] 04:28 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has joined #bitcoin-wizards 04:29 -!- morcos [~morcos@static-100-38-11-146.nycmny.fios.verizon.net] has joined #bitcoin-wizards 04:38 -!- MaxSan [~one@194.187.251.155] has quit [Ping timeout: 240 seconds] 04:40 -!- ratbanebo [~ratbanebo@ptr-fyrl7zxnj23zh7eh3f5.18120a2.ip6.access.telenet.be] has quit [Remote host closed the connection] 04:40 -!- ratbanebo [~ratbanebo@ptr-fyrl7zxnj23zh7eh3f5.18120a2.ip6.access.telenet.be] has joined #bitcoin-wizards 04:44 -!- ratbanebo 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[~john@static-100-38-11-146.nycmny.fios.verizon.net] has joined #bitcoin-wizards 06:44 -!- ratbanebo [~ratbanebo@78-22-24-175.access.telenet.be] has quit [Ping timeout: 240 seconds] 06:47 -!- Belkaar [~Belkaar@unaffiliated/belkaar] has quit [Read error: Connection reset by peer] 06:56 -!- Belkaar [~Belkaar@xdsl-78-34-245-88.netcologne.de] has joined #bitcoin-wizards 06:56 -!- Belkaar [~Belkaar@xdsl-78-34-245-88.netcologne.de] has quit [Changing host] 06:56 -!- Belkaar [~Belkaar@unaffiliated/belkaar] has joined #bitcoin-wizards 07:02 -!- pro [~pro@unaffiliated/pro] has quit [Ping timeout: 240 seconds] 07:03 -!- pro [~pro@unaffiliated/pro] has joined #bitcoin-wizards 07:05 -!- pr06 [dcf4c7df@gateway/web/freenode/ip.220.244.199.223] has quit [Quit: Page closed] 07:08 -!- waxwing [~waxwing@91.216.245.111] has quit [Changing host] 07:08 -!- waxwing [~waxwing@unaffiliated/waxwing] has joined #bitcoin-wizards 07:17 -!- heirlymoe [~airmoe@181.215.110.142] has joined #bitcoin-wizards 07:22 -!- sdaftuar [~sdaftuar@static-100-38-11-146.nycmny.fios.verizon.net] has joined #bitcoin-wizards 07:22 -!- sdaftuar [~sdaftuar@static-100-38-11-146.nycmny.fios.verizon.net] has quit [Changing host] 07:22 -!- sdaftuar [~sdaftuar@unaffiliated/sdaftuar] has joined #bitcoin-wizards 07:29 -!- smk [d18015a2@gateway/web/freenode/ip.209.128.21.162] has joined #bitcoin-wizards 07:29 -!- rmwb [~rmwb@129.180.73.6] has joined #bitcoin-wizards 07:36 -!- KillerByte [~KillerByt@7c.3e.32a9.ip4.static.sl-reverse.com] has joined #bitcoin-wizards 07:44 -!- daszorz2 [~daszorz@188.94.18.118] has joined #bitcoin-wizards 07:44 -!- pigeons [~pigeons@94.242.209.214] has joined #bitcoin-wizards 07:45 -!- daszorz [~daszorz@188.94.18.118] has quit [Ping timeout: 240 seconds] 07:50 < belcher> trying to come up with a way to make p2pool better, thinking of having the block reward pay to a hub which has one-way payment channels open to all the hashers, been thinking of ways to make it trustless that the hub can only take the block reward money if all the payment channels are updated to send money to each hasher in the right amounts 07:51 < Taek> belcher: would you not consider it sufficient to just get paid for each work one partial solution at a time? 07:52 < belcher> that could work too 07:52 < Taek> if you are only providing 5 cents worth of puzzles at a time, or even 0.1 cents worth of puzzles at a time, then there's really not much harm in someone taking the money and running 07:52 < belcher> the reason i thought for the hub thing is when p2pool actually solves a block it has actually-existing bitcoins 07:53 -!- Murch [~murch@96-82-80-28-static.hfc.comcastbusiness.net] has joined #bitcoin-wizards 07:54 < Taek> my biggest issue with p2pool is that it clutters the chain. Every miner getting paid with a different output means that coinbase transactions now have dozens to hundres of outputs 07:54 < Taek> seems to me like payment channel based pool mining (where the pool lets you select the transactions) is sufficient 07:55 < Taek> it's equally decentralized as long as you can find one pool that will form a payment channel with you and let you choose transactions - though you do have to find such a pool 07:55 < Taek> err, equally trustless I guess 07:56 < belcher> how would that be trustless? since the pool could still cheat the hashers like pools could today 07:56 < belcher> thats just normal pooling except the hashers get paid with a payment channel instead of a blockchain tx 07:57 -!- stiell [~stian@fsf/member/stiell] has quit [Quit: WeeChat 1.7.1] 07:58 < Taek> belcher: the pools can only cheat the hashers to the tune of one payment. You are talking a few cents worth of cheating 07:58 -!- stiell [~stian@fsf/member/stiell] has joined #bitcoin-wizards 07:58 < Taek> if a pool cheats you and is refusing to pay you fairly, you move to a different pool. You didn't lose much 07:58 < belcher> how is that different from normal pooling? 07:59 < Taek> the pools today that I'm familiar with only do payouts every few dollars 07:59 < Taek> so the opportunity to cheat can be actually meaningful 08:00 < Taek> Also, iirc payouts happen on-chain, which is again unneeded clutter 08:00 < belcher> that would still let the pool choose transactions and contribute to miner centralization, sure pools could use payment channels to pay their hashers but im not interested in thinking about that, rather i care about making p2pool better 08:02 -!- rmwb [~rmwb@129.180.73.6] has quit [Ping timeout: 240 seconds] 08:02 < Taek> if you are using getblocktemplate, you can have a pool where the hashers are allowed to choose the transactions 08:03 < belcher> right, because the hasher's own full node chooses transactions from its mempool 08:04 < Taek> right, so what part is missing? You have hashers that are getting paid fairly, allowed to choose their own transactions, and have very low variance in their monthly revenue. What other advantages do you get with p2pool? 08:05 < belcher> so is this the actual reason that p2pool isnt more widely used? i thought it was that its variance of payouts is too high 08:05 < Taek> my impression has been that's it's more of a comfort thing. People like using the thing that's familar and has tutorials, and p2p was never able to get traction because the UX was foreign 08:09 -!- Aaronvan_ [~AaronvanW@unaffiliated/aaronvanw] has joined #bitcoin-wizards 08:09 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has quit [Ping timeout: 240 seconds] 08:09 -!- PaulCapestany [~PaulCapes@ip72-209-228-52.dc.dc.cox.net] has quit [Quit: .] 08:10 < belcher> an issue is the hashers dont directly care about decentralized mining, they just want payouts and if that means surrendering their entire hashing power to a pool then it will happen, then if a pool gets too big everyone has to make noises on forums to get hashers to leave the pool 08:11 < belcher> so i guess p2pool isnt the solution to our problems then, maybe just education to get hashers to care 08:11 -!- PaulCapestany [~PaulCapes@ip72-209-228-52.dc.dc.cox.net] has joined #bitcoin-wizards 08:11 < Taek> yeah, agree. Miners are always largely content as long as they continue to make money. It means there's a lot of wiggle room for centralization pressures, because nobody with hardware actually pays attention to it 08:12 < Taek> Do you have statistics on what percentage of mining is done from small machines though? Isn't the majority of mining done in datacenters now anyway? 08:12 -!- Lightsword [~Lightswor@107.170.253.193] has quit [Quit: ZNC] 08:12 < belcher> yes, so hasher/ASIC centralization is an issue as well as pool/miner centralization 08:13 -!- Lightsword [~Lightswor@107.170.253.193] has joined #bitcoin-wizards 08:29 -!- daszorz2 [~daszorz@188.94.18.118] has quit [Read error: Connection reset by peer] 08:34 -!- smk [d18015a2@gateway/web/freenode/ip.209.128.21.162] has quit [Quit: Page closed] 08:35 -!- HostFat [~HostFat@93-39-178-182.ip77.fastwebnet.it] has joined #bitcoin-wizards 08:42 -!- dbarrett [~dbarrett@unaffiliated/dbarrett] has joined #bitcoin-wizards 08:42 < gmaxwell> 07:54:22 < Taek> my biggest issue with p2pool is that it clutters the chain. Every miner getting paid with a different output means that coinbase transactions now have dozens to hundres of outputs 08:42 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Remote host closed the connection] 08:42 < gmaxwell> p2pool controls that precisely. 08:42 < gmaxwell> and has for years. 08:42 < gmaxwell> there isn't any more outputs in p2pool than it intends to make. 08:43 < Taek> gmaxwell: but there is still one per miner, per block, is there not? 08:43 < gmaxwell> no. 08:44 < Taek> oh, then I have a misunderstanding about how miners get payouts 08:44 < gmaxwell> It adapts the share difficulty to control the numper of outputs. 08:45 -!- markus-k [~markus@server01.comtime-it.eu] has quit [Quit: ZNC 1.6.1 - http://znc.in] 08:46 -!- markus-k [~markus@server01.comtime-it.eu] has joined #bitcoin-wizards 08:47 -!- Belkaar [~Belkaar@unaffiliated/belkaar] has quit [Ping timeout: 255 seconds] 08:47 -!- markus-k [~markus@server01.comtime-it.eu] has quit [Remote host closed the connection] 08:48 -!- Belkaar [~Belkaar@xdsl-89-0-47-197.netcologne.de] has joined #bitcoin-wizards 08:48 -!- Belkaar [~Belkaar@xdsl-89-0-47-197.netcologne.de] has quit [Changing host] 08:48 -!- Belkaar [~Belkaar@unaffiliated/belkaar] has joined #bitcoin-wizards 08:48 -!- JackH [~laptop@46.231.18.66] has quit [Ping timeout: 248 seconds] 08:48 -!- markus-k [~markus@server01.comtime-it.eu] has joined #bitcoin-wizards 08:50 < belcher> if p2pool increased the PPLNS window to reduce volatility then the coinbase would have to get bigger 08:52 < gmaxwell> belcher: not if it increases the difficulty at the same time. 08:53 < belcher> but then small hashers still experience a higher variance of payout (i meant to say variance in the last message not volatility) 08:53 < gmaxwell> which it did previously, basically there is a tradeoff between block volatility and share volitility... and some ratio of window size and minimum share difficulty the minimizes overall variance for a given pool hashrate. 08:54 -!- marcoagner [~user@187.113.128.120] has quit [Ping timeout: 240 seconds] 08:54 -!- Aaronvan_ [~AaronvanW@unaffiliated/aaronvanw] has quit [Ping timeout: 255 seconds] 08:54 < belcher> if this payment channel thing could work then the PPLNS window could be increased a lot and it would still allow small hashers to be paid without dust and with less variance 08:55 < belcher> also block space is quite expensive now, 300sat/b or so, so making the coinbase smaller allows for a higher income for the miners 08:56 < belcher> also i read some larger miner left p2pool because of too many dead-on-arrival shares, if the share interval was actually increased it would reduce that, but that would raise variance 08:57 < gmaxwell> belcher: people are unfortunately really confused about that... 08:57 < gmaxwell> DOA shares are normal and harmless so long as you don't have more than other users. 08:57 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has joined #bitcoin-wizards 08:57 < gmaxwell> unfortunately the software makes the mistake of showing the absolute number. 08:58 < belcher> i got the impression he had a worse connection so they were higher than others, didnt read it in detail though so maybe its what you're saying 08:58 < gmaxwell> Also there are some mining devices with phenominal latencies that have just been incompatible with the fast retargeting needed for a more rapid chain. 08:58 < gmaxwell> well if they had a worse connection then their blocks were also more likely to be stale and they should be paid somewhat less. 09:00 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has joined #bitcoin-wizards 09:01 < belcher> what would be the downsides of increasing the PPLNS window? i can think that it makes the coinbase tx bigger and they'll be more individual payouts which get closer to dust values 09:03 < belcher> i know variance averages out over a long period, but it still has costs, a major point of pooling in the first place is to reduce variance 09:06 -!- marcoagner [~user@179.177.240.202] has joined #bitcoin-wizards 09:12 -!- jcorgan [~jcorgan@unaffiliated/jcorgan] has joined #bitcoin-wizards 09:15 < gmaxwell> belcher: makes the software slower and more bandwidth hungry... minor psychlogoical disincentive to join, since you'll be paying for other people for longer. 09:18 < belcher> how about the p2pool block reward goes to a chaumian bank, and shares are valid if they give each hasher the right amount of tokens that they can redeem from the bank 09:19 < belcher> thats is centralized though, someone could DDOS the bank and stop p2pool from working 09:25 < gmaxwell> yes, there are lots of ways to do mining with a TTP to hold the funds. 09:27 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 09:32 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has quit [Ping timeout: 276 seconds] 09:38 -!- negatratoron [~negatrato@c-73-65-112-208.hsd1.mn.comcast.net] has quit [Ping timeout: 240 seconds] 09:46 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 09:49 -!- nickler [~nickler@185.12.46.130] has joined #bitcoin-wizards 09:51 -!- negatratoron [~negatrato@c-73-65-112-208.hsd1.mn.comcast.net] has joined #bitcoin-wizards 10:00 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 240 seconds] 10:05 -!- jephalien_ [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has quit [Quit: Konversation terminated!] 10:05 -!- jephalien_ [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 10:19 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 10:19 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 10:29 -!- rmwb [~rmwb@129.180.73.6] has joined #bitcoin-wizards 10:57 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 11:00 -!- daszorz [~daszorz@cpc106809-live29-2-0-cust896.17-2.cable.virginm.net] has joined #bitcoin-wizards 11:02 -!- rmwb [~rmwb@129.180.73.6] has quit [Ping timeout: 248 seconds] 11:17 -!- afk11 [~afk11@gateway/tor-sasl/afk11] has quit [Ping timeout: 268 seconds] 11:21 -!- heirlymoe` [~airmoe@181.215.110.142] has joined #bitcoin-wizards 11:21 -!- heirlymoe [~airmoe@181.215.110.142] has quit [Read error: Connection reset by peer] 11:21 -!- heirlymoe` is now known as heirlymoe 11:22 -!- afk11 [~afk11@gateway/tor-sasl/afk11] has joined #bitcoin-wizards 11:23 -!- daszorz [~daszorz@cpc106809-live29-2-0-cust896.17-2.cable.virginm.net] has quit [Read error: Connection reset by peer] 11:36 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 11:37 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 11:46 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 240 seconds] 11:46 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 11:46 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 11:57 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 12:00 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has joined #bitcoin-wizards 12:03 -!- max890_ [498b6708@gateway/web/freenode/ip.73.139.103.8] has joined #bitcoin-wizards 12:03 < max890_> hello, i'm very new in this bitcoin topic. I'm interested in running a node that supports multy-currency [15:00] anybody can help me to clarify this? 12:10 -!- max890_ [498b6708@gateway/web/freenode/ip.73.139.103.8] has quit [Quit: Page closed] 12:11 < Taek> #bitcoin 12:15 -!- jimmysong [~Jimmy@23-112-39-203.lightspeed.austtx.sbcglobal.net] has joined #bitcoin-wizards 12:23 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 12:23 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 12:28 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 12:28 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 12:32 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has quit [Ping timeout: 240 seconds] 12:35 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Read error: Connection reset by peer] 12:35 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 12:36 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 12:36 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 255 seconds] 12:37 -!- bildramer [~bildramer@2a02:582:5862:ae00:ac2f:e67f:bbf5:2813] has joined #bitcoin-wizards 12:40 -!- chjj [~chjj@c-24-130-173-170.hsd1.ca.comcast.net] has quit [Ping timeout: 246 seconds] 12:52 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has quit [Ping timeout: 240 seconds] 13:01 -!- Char0n [~Char0n@unaffiliated/char0n] has quit [Quit: ZNC 1.6.3+deb1+xenial0 - http://znc.in] 13:01 -!- Char0n [~Char0n@unaffiliated/char0n] has joined #bitcoin-wizards 13:05 -!- dnaleor [~dnaleor@78-23-74-78.access.telenet.be] has joined #bitcoin-wizards 13:12 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 240 seconds] 13:22 -!- priidu [~priidu@unaffiliated/priidu] has joined #bitcoin-wizards 13:25 -!- heirlymoe [~airmoe@181.215.110.142] has quit [Ping timeout: 240 seconds] 13:25 -!- pro [~pro@unaffiliated/pro] has quit [Ping timeout: 240 seconds] 13:30 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 13:31 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has joined #bitcoin-wizards 13:37 -!- pro [~pro@unaffiliated/pro] has joined #bitcoin-wizards 13:54 -!- dgenr8 [~dgenr8@unaffiliated/dgenr8] has joined #bitcoin-wizards 14:11 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 14:17 -!- smk [d18015a2@gateway/web/freenode/ip.209.128.21.162] has joined #bitcoin-wizards 14:17 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 248 seconds] 14:22 -!- rmwb [~rmwb@2001:df0:ce:1601:d575:9d6c:5ff6:9121] has quit [Ping timeout: 276 seconds] 14:28 -!- daszorz [~daszorz@cpc106809-live29-2-0-cust896.17-2.cable.virginm.net] has joined #bitcoin-wizards 14:32 -!- Chris_St1 [~chris@unaffiliated/chris-stewart-5/x-3612383] has joined #bitcoin-wizards 14:46 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 276 seconds] 14:51 -!- negatratoron [~negatrato@c-73-65-112-208.hsd1.mn.comcast.net] has quit [Ping timeout: 240 seconds] 14:58 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 15:03 -!- negatratoron [~negatrato@c-73-65-112-208.hsd1.mn.comcast.net] has joined #bitcoin-wizards 15:04 -!- daszorz [~daszorz@cpc106809-live29-2-0-cust896.17-2.cable.virginm.net] has quit [Read error: Connection reset by peer] 15:06 -!- str4d [~str4d@host86-172-94-20.range86-172.btcentralplus.com] has joined #bitcoin-wizards 15:10 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 255 seconds] 15:11 < IniGit> hi 15:12 < IniGit> can somebody tell me why is it important where the majority of the hash power is. If lets say 30% ming there and 30% there and 30% there then it simply is like this any we have 3 coins instead of 1, because there are 3 different blockchains. 15:12 < IniGit> why is there only one chain is the majority mines that chain 15:18 < IniGit> nemvermind i understand know 15:19 -!- rmwb [~rmwb@129.180.73.6] has joined #bitcoin-wizards 15:20 < IniGit> "However, if less than 51% of the hashing power switches to the new version, the blockchain-fork will not mend automatically as the chain created under the old rules has more hashing power and is incompatible to the new rules. This can either be remedied by the adopters of the softfork giving up their chain, or more hashing power switching to the softfork chain. The latter would cause 15:20 < IniGit> the softfork chain to eventually overtake and reorganize the other chaintip." Can it be that in a softfork the chain with lower hashpower becomes superior because the old chain does not accept new blocks from the new chain? 15:21 < sipa> IniGit: the old software not accepting blocks from the new chain is the definition of a hard fork 15:21 < IniGit> my question is for softfork 15:22 < IniGit> and the quotation is from softfork text 15:22 < sipa> in the case of a soft fork, new software will enforce rules that old software didn't 15:23 < sipa> if a minority of the hashrate runs the soft fork code, they'll create a separate chain 15:23 < IniGit> yes can it be that new software gets adopted even if the most mining power is at old software 15:23 < sipa> als the majority hashrate will be acceptable to old software, but not to new 15:23 < sipa> sure, UASF 15:23 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 15:24 -!- anon616 [anon616@gateway/shell/sameroom/x-aiifhhezfskmswwv] has left #bitcoin-wizards [] 15:25 -!- anon616 [anon616@gateway/shell/sameroom/x-aiifhhezfskmswwv] has joined #bitcoin-wizards 15:25 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [] 15:25 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 15:25 < IniGit> Ok I try it an other way can it be that the new chain overtakes the old one even if the hashing power of the new chain is lower? 15:26 < IniGit> overtakes = longer chain 15:26 < sipa> no, that's definitionally not possible 15:26 < sipa> longer chain is defined as more hashrate :) 15:26 < sipa> (well, more accumulated hashrate) 15:26 -!- Guyver2 [~Guyver@guyver2.xs4all.nl] has quit [Quit: Going offline, see ya! (www.adiirc.com)] 15:26 < IniGit> why. old one does not accepot blocks from new one. But new one does accept both 15:26 < IniGit> isnÄ''t longer chain defined as more blocks? 15:26 < sipa> no 15:27 < sipa> number of blocks is irrelevant 15:27 < sipa> what matters is the amount of work that went into it 15:27 < IniGit> how does the distributed system know where more hashing power is 15:27 < IniGit> if not from the blockcount 15:28 < IniGit> when not from the blockcount 15:28 < sipa> by validating the chain, you know the difficulty of each block. the sum of the difficulties is the amount of work 15:29 < IniGit> and by what does the difficulty adjust itself? 15:29 < IniGit> time of last X mined block? 15:29 < IniGit> blocks 15:30 < Taek> IniGit: these are #bitcoin level questions, and they are all explained pretty well I think by the Bitcoin Developers Guide 15:30 < Taek> please read up some more before coming here 15:30 < IniGit> ok 15:31 < IniGit> thank you sipa 15:34 -!- priidu [~priidu@unaffiliated/priidu] has quit [Ping timeout: 240 seconds] 15:37 -!- davec [~davec@cpe-24-243-249-218.hot.res.rr.com] has joined #bitcoin-wizards 15:41 -!- smk [d18015a2@gateway/web/freenode/ip.209.128.21.162] has quit [Quit: Page closed] 15:43 -!- Giszmo [~leo@ppp-88-217-118-128.dynamic.mnet-online.de] has joined #bitcoin-wizards 15:52 -!- Chris_St1 [~chris@unaffiliated/chris-stewart-5/x-3612383] has quit [Ping timeout: 240 seconds] 15:53 -!- rmwb [~rmwb@129.180.73.6] has quit [Ping timeout: 255 seconds] 16:03 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 255 seconds] 16:06 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 16:15 -!- MaxSan [~one@194.187.251.155] has joined #bitcoin-wizards 16:16 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 16:17 -!- Uglux [~uglux@unaffiliated/uglux] has quit [Quit: Leaving] 16:28 -!- rmwb [~rmwb@129.180.73.6] has joined #bitcoin-wizards 16:30 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has quit [Ping timeout: 248 seconds] 16:46 -!- eddiewang [~eddiewang@216.165.220.79] has joined #bitcoin-wizards 17:01 -!- MaxSan [~one@194.187.251.155] has quit [Ping timeout: 240 seconds] 17:02 -!- IniGit [~Gernot@62-178-56-62.cable.dynamic.surfer.at] has quit [Ping timeout: 240 seconds] 17:17 -!- jephalien [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 17:17 -!- jephalien_ [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has quit [Ping timeout: 240 seconds] 17:20 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 255 seconds] 17:25 -!- Murch [~murch@96-82-80-28-static.hfc.comcastbusiness.net] has quit [Quit: Plugging out.] 17:25 -!- jephalien_ [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has joined #bitcoin-wizards 17:26 -!- jephalien [~jephalien@CPE00fc8d947f53-CM00fc8d947f50.cpe.net.cable.rogers.com] has quit [Ping timeout: 240 seconds] 17:26 -!- JackH [~laptop@2a02:a210:2e00:300:655a:7cbf:d627:81fb] has joined #bitcoin-wizards 17:42 -!- JackH [~laptop@2a02:a210:2e00:300:655a:7cbf:d627:81fb] has quit [Ping timeout: 255 seconds] 17:46 -!- rockhouse [~rockhouse@unaffiliated/rockhouse] has quit [Ping timeout: 240 seconds] 17:46 -!- IniGit [~Gernot@62-178-56-62.cable.dynamic.surfer.at] has joined #bitcoin-wizards 17:53 -!- laurentmt [~Thunderbi@115.31.156.105] has joined #bitcoin-wizards 17:55 -!- dabura667 [~dabura667@p98110-ipngnfx01marunouchi.tokyo.ocn.ne.jp] has joined #bitcoin-wizards 17:57 -!- str4d [~str4d@host86-172-94-20.range86-172.btcentralplus.com] has quit [Ping timeout: 240 seconds] 17:57 -!- AaronvanW [~AaronvanW@unaffiliated/aaronvanw] has quit [] 18:01 -!- IniGit [~Gernot@62-178-56-62.cable.dynamic.surfer.at] has quit [Ping timeout: 248 seconds] 18:04 -!- fletom [~fletom@ec2-34-202-234-47.compute-1.amazonaws.com] has quit [Ping timeout: 260 seconds] 18:08 -!- fletom [~fletom@ec2-34-202-234-47.compute-1.amazonaws.com] has joined #bitcoin-wizards 18:11 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has quit [Ping timeout: 255 seconds] 18:15 -!- fletom [~fletom@ec2-34-202-234-47.compute-1.amazonaws.com] has quit [Read error: Connection reset by peer] 18:15 -!- fletom [~fletom@ec2-34-202-234-47.compute-1.amazonaws.com] has joined #bitcoin-wizards 18:30 -!- laurentmt [~Thunderbi@115.31.156.105] has quit [Quit: laurentmt] 18:30 -!- AEM is now known as aem 18:38 -!- PsychoticBoy [sid27029@gateway/web/irccloud.com/x-kwgnxgywqzloflhu] has quit [Ping timeout: 276 seconds] 18:42 -!- mariorz [sid490@gateway/web/irccloud.com/x-byaznygmpajbwomp] has quit [Ping timeout: 276 seconds] 18:44 -!- mariorz [sid490@gateway/web/irccloud.com/x-jnvzwgucbreolzqr] has joined #bitcoin-wizards 18:52 < eddiewang> hello all! just wanted to introduce myself. i'm pretty new to the community - but been pretty engrossed in all the research and development bitcoin and the blockchain community have accomplished in the past few years. 18:54 < andytoshi> hi eddiewang 18:55 < eddiewang> andytoshi: i've seen u around on /r/btc and /r/bitcoin frequently ;) 19:06 < kanzure> eddiewang: here are some things http://diyhpl.us/~bryan/papers2/bitcoin/ 19:10 < eddiewang> kanzure: holy. this is absolute gold. thank you! 19:10 < kanzure> it's bitcoin. 19:11 < eddiewang> taek gave me some guidance on where to start. not going to lie, this is pretty intimidating, especially the mathematics of it all. 19:14 -!- kabino [49081e49@gateway/web/freenode/ip.73.8.30.73] has joined #bitcoin-wizards 19:14 -!- kabino [49081e49@gateway/web/freenode/ip.73.8.30.73] has quit [Client Quit] 19:17 < kanzure> eddiewang: https://bc-2.jp/archive/season1/materials/0104_performace.pdf 19:43 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #bitcoin-wizards 20:04 -!- pro [~pro@unaffiliated/pro] has quit [Quit: Leaving] 20:11 -!- Giszmo1 [~leo@ppp-88-217-112-70.dynamic.mnet-online.de] has joined #bitcoin-wizards 20:11 -!- Raccoon [wayward@irchelp/raccoon] has joined #bitcoin-wizards 20:12 -!- Giszmo [~leo@ppp-88-217-118-128.dynamic.mnet-online.de] has quit [Ping timeout: 240 seconds] 20:16 -!- rmwb [~rmwb@129.180.73.6] has quit [Remote host closed the connection] 20:17 -!- rmwb [~rmwb@199.178.233.220.static.exetel.com.au] has joined #bitcoin-wizards 20:21 -!- rmwb [~rmwb@199.178.233.220.static.exetel.com.au] has quit [Ping timeout: 240 seconds] 20:37 -!- PsychoticBoy [sid27029@pdpc/supporter/active/psychoticboy] has joined #bitcoin-wizards 20:39 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #bitcoin-wizards 20:57 -!- _whitelogger [~whitelogg@uruz.whitequark.org] has quit [Remote host closed the connection] 20:58 -!- _whitelogger [~whitelogg@uruz.whitequark.org] has joined #bitcoin-wizards 21:00 -!- legogris1 [~legogris@128.199.205.238] has quit [Remote host closed the connection] 21:00 -!- legogris [~legogris@128.199.205.238] has joined #bitcoin-wizards 21:05 -!- Chris_St1 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 240 seconds] 21:07 -!- [7] [~quassel@rockbox/developer/TheSeven] has quit [Ping timeout: 246 seconds] 21:07 -!- rmwb [~rmwb@199.178.233.220.static.exetel.com.au] has joined #bitcoin-wizards 21:07 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has joined #bitcoin-wizards 21:12 -!- eddiewang [~eddiewang@216.165.220.79] has quit [Remote host closed the connection] 21:12 -!- eddiewang [~eddiewang@216.165.220.79] has joined #bitcoin-wizards 21:17 -!- eddiewang [~eddiewang@216.165.220.79] has quit [Ping timeout: 255 seconds] 21:21 -!- _whitelogger [~whitelogg@uruz.whitequark.org] has quit [Remote host closed the connection] 21:21 -!- chjj [~chjj@unaffiliated/chjj] has quit [Ping timeout: 246 seconds] 21:22 -!- _whitelogger [~whitelogg@uruz.whitequark.org] has joined #bitcoin-wizards 21:30 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has quit [Ping timeout: 246 seconds] 21:30 -!- TheSeven [~quassel@rockbox/developer/TheSeven] has joined #bitcoin-wizards 21:48 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Ping timeout: 240 seconds] 21:52 -!- cluckj [~cluckj@static-98-114-202-142.phlapa.ftas.verizon.net] has quit [Ping timeout: 246 seconds] 22:07 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has joined #bitcoin-wizards 22:20 -!- rusty [~rusty@pdpc/supporter/bronze/rusty] has quit [Ping timeout: 255 seconds] 23:04 -!- bildramer [~bildramer@2a02:582:5862:ae00:ac2f:e67f:bbf5:2813] has quit [Ping timeout: 240 seconds] 23:05 -!- jannes [~jannes@095-097-246-234.static.chello.nl] has quit [Ping timeout: 240 seconds] 23:09 -!- bildramer [~bildramer@ppp-94-67-117-68.home.otenet.gr] has joined #bitcoin-wizards 23:11 -!- aj_ [aj@cerulean.erisian.com.au] has joined #bitcoin-wizards 23:11 -!- aj_ is now known as aj 23:32 -!- jannes [~jannes@095-097-246-234.static.chello.nl] has joined #bitcoin-wizards 23:46 -!- chjj [~chjj@unaffiliated/chjj] has joined #bitcoin-wizards 23:50 -!- jtimon [~quassel@143.29.134.37.dynamic.jazztel.es] has joined #bitcoin-wizards 23:50 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Remote host closed the connection] 23:51 -!- BashCo [~BashCo@unaffiliated/bashco] has joined #bitcoin-wizards 23:55 -!- BashCo [~BashCo@unaffiliated/bashco] has quit [Ping timeout: 240 seconds] 23:59 -!- Dyaheon [~Dya@a91-156-192-39.elisa-laajakaista.fi] has joined #bitcoin-wizards --- Log closed Fri Aug 18 00:00:52 2017