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[~Dr-G@unaffiliated/dr-g] has quit [Ping timeout: 252 seconds] 07:04 -!- bigpup6 [~bigpup@50.253.32.117] has joined #bitcoin-wizards 07:04 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has joined #bitcoin-wizards 07:04 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has quit [Changing host] 07:04 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has joined #bitcoin-wizards 07:04 -!- xenog [~xeno@83-71-46-159-dynamic.b-ras1.srl.dublin.eircom.net] has joined #bitcoin-wizards 07:05 -!- alferz [~alferz@unaffiliated/alfer] has joined #bitcoin-wizards 07:08 -!- waxwing__ [waxwing@gateway/vpn/mullvad/x-tljpmripnbrubfrm] has joined #bitcoin-wizards 07:08 -!- lclc [~lucas@unaffiliated/lclc] has quit [Ping timeout: 256 seconds] 07:08 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has quit [Ping timeout: 252 seconds] 07:09 -!- waxwing [~waxwing@62.205.214.125] has quit [Disconnected by services] 07:09 -!- waxwing__ is now known as waxwing 07:10 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has joined #bitcoin-wizards 07:10 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has quit [Changing host] 07:10 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has joined #bitcoin-wizards 07:11 < kanzure> someone's attempt at mining analysis http://wan.poly.edu/pam2015/papers/23.pdf 07:12 < kanzure> "Obviously, a miner prefers places with low electricity price η(t), and will shut down her hardware whenever the profit rate becomes negative." 07:12 < kanzure> uh... 07:13 -!- arubi [~ese168@unaffiliated/arubi] has joined #bitcoin-wizards 07:15 < kanzure> "Such a race will automatically end when the profit margin hits zero." 07:15 < kanzure> except this is ignoring the other motivations for mining? 07:17 -!- lmatteis [uid3300@gateway/web/irccloud.com/x-ukfofktwwyobyhlf] has joined #bitcoin-wizards 07:19 < brisque> that they don't make note of the fact that the timestamp on a block isn't reliable makes me question the validity of the rest of it. 07:22 -!- arubi__ [~ese168@unaffiliated/arubi] has joined #bitcoin-wizards 07:22 < brisque> if you're interested in more insanity like that, the neighbourhood pool watch site regularly goes absolutely nuts with the graphs. http://organofcorti.blogspot.nl/ 07:23 -!- arubi [~ese168@unaffiliated/arubi] has quit [Disconnected by services] 07:23 -!- arubi__ is now known as arubi 07:23 -!- Profreid [~Profreitt@46.166.188.227] has joined #bitcoin-wizards 07:26 -!- xenog [~xeno@83-71-46-159-dynamic.b-ras1.srl.dublin.eircom.net] has quit [Quit: Leaving.] 07:26 -!- xenog [~xeno@83-71-46-159-dynamic.b-ras1.srl.dublin.eircom.net] has joined #bitcoin-wizards 07:26 -!- hearn [~mike@c-67-180-209-140.hsd1.ca.comcast.net] has joined #bitcoin-wizards 07:30 -!- DougieBot5000 [~DougieBot@unaffiliated/dougiebot5000] has joined #bitcoin-wizards 07:30 -!- arubi [~ese168@unaffiliated/arubi] has quit [Ping timeout: 244 seconds] 07:30 -!- arubi__ [~ese168@unaffiliated/arubi] has joined #bitcoin-wizards 07:30 -!- arubi__ is now known as arubi 07:35 -!- antgreen [~user@65.116.171.2] has quit [Ping timeout: 246 seconds] 07:35 -!- SeanAtNSAGov is now known as NikolaiToryzin 07:39 -!- RoboTeddy [~roboteddy@c-67-188-40-206.hsd1.ca.comcast.net] has joined #bitcoin-wizards 07:41 -!- mkarrer [~mkarrer@126.Red-83-32-132.dynamicIP.rima-tde.net] has quit [] 07:44 -!- RoboTeddy [~roboteddy@c-67-188-40-206.hsd1.ca.comcast.net] has quit [Ping timeout: 250 seconds] 07:44 -!- ceedz [~eric@187.139.215.48] has quit [Quit: ceedz] 07:46 -!- ceedz [~eric@187.139.215.48] has joined #bitcoin-wizards 07:59 -!- nubbins` [~leel@unaffiliated/nubbins] has joined #bitcoin-wizards 07:59 -!- xenog [~xeno@83-71-46-159-dynamic.b-ras1.srl.dublin.eircom.net] has quit [Ping timeout: 245 seconds] 08:14 -!- llllllllll [~lllllllll@6d482698.ftth.concepts.nl] has joined #bitcoin-wizards 08:15 -!- ceedz [~eric@187.139.215.48] has quit [Ping timeout: 252 seconds] 08:15 -!- OneNomos [~OneNomos@pool-71-163-227-3.washdc.east.verizon.net] has joined #bitcoin-wizards 08:17 -!- ceedz [~eric@177.240.197.32] has joined #bitcoin-wizards 08:17 -!- xenog [~xeno@83-71-46-159-dynamic.b-ras1.srl.dublin.eircom.net] has joined #bitcoin-wizards 08:19 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has quit [Read error: Connection reset by peer] 08:21 -!- instagibbs [32f65962@gateway/web/freenode/ip.50.246.89.98] has joined #bitcoin-wizards 08:21 < instagibbs> "obviously" and "clearly" are only used to power through arguments you can't prove 08:23 < fluffypony> instagibbs: obviously that's clear 08:24 -!- cbeams [~cbeams@unaffiliated/cbeams] has quit [Remote host closed the connection] 08:24 < sipa> ha 08:24 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has joined #bitcoin-wizards 08:24 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has quit [Changing host] 08:24 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has joined #bitcoin-wizards 08:24 < instagibbs> that said, some people were discussing death spirals of mining during price crashes. Might make sense to increase coinbase maturity time to further incentivize long-term thinking. (still not clear at all it's a problem) 08:25 -!- hightorque [~hightorqu@65.209.72.194] has joined #bitcoin-wizards 08:25 < brisque> if I want to sell my immature coinbase output nothing is stopping me really 08:26 < instagibbs> hmm probably, and now that I think, it may not make any sense anyways. 08:26 -!- skittylx [~skittylx@vps95508363.123-vps.co.uk] has joined #bitcoin-wizards 08:27 < instagibbs> The idea would be that at least someone would want to make sure mining happens, immature coinbase buyer or otherwise. But the additional incentive to continue mining still may not exist. 08:27 -!- jaekwon_ [~jaekwon@75-101-96-71.dsl.static.fusionbroadband.com] has joined #bitcoin-wizards 08:28 < instagibbs> aside from what's holding it all together now 08:28 < brisque> keep in mind that the maturity time is just to provide reorg stability, not enforce some sort of continuation of mining 08:29 < instagibbs> off label uses, baby 08:29 < instagibbs> like viagra 08:29 -!- jaekwon [~jaekwon@75-101-96-71.dsl.static.fusionbroadband.com] has quit [Ping timeout: 246 seconds] 08:29 < instagibbs> I'll think about it some more 08:30 -!- skittylx [~skittylx@vps95508363.123-vps.co.uk] has quit [Client Quit] 08:31 -!- skittylx [~skittylx@vps95508363.123-vps.co.uk] has joined #bitcoin-wizards 08:31 -!- skittylx [~skittylx@vps95508363.123-vps.co.uk] has quit [Client Quit] 08:32 -!- skittylx [~skittylx@vps95508363.123-vps.co.uk] has joined #bitcoin-wizards 08:34 -!- arubi [~ese168@unaffiliated/arubi] has quit [Ping timeout: 245 seconds] 08:35 -!- hearn [~mike@c-67-180-209-140.hsd1.ca.comcast.net] has quit [Quit: My MacBook Pro has gone to sleep. ZZZzzz…] 08:40 -!- RoboTeddy [~roboteddy@c-67-188-40-206.hsd1.ca.comcast.net] has joined #bitcoin-wizards 08:42 -!- erasmospunk [~erasmospu@gateway/vpn/privateinternetaccess/erasmospunk] has joined #bitcoin-wizards 08:42 < instagibbs> Yeah I seriously doubt that "fix" does anything. Myopic greedy miners will still do exactly what they'd do before, afaict 08:43 < brisque> we want miners to be greedy. 08:43 < instagibbs> That's fine. I'm just saying my idea was useless, from what I can tell. I was trying to fix a tragedy of commons issue. 08:44 < instagibbs> Doesn't resolve it, therefore dumb. 08:45 -!- RoboTeddy [~roboteddy@c-67-188-40-206.hsd1.ca.comcast.net] has quit [Ping timeout: 252 seconds] 08:45 -!- p15 [~p15@198.50.160.97.static-ca.cryptolayer.com] has quit [Ping timeout: 264 seconds] 08:46 -!- cbeams [~cbeams@unaffiliated/cbeams] has joined #bitcoin-wizards 08:46 -!- hightorque is now known as shea256 08:46 -!- ryanxcharles [~ryan@64.124.157.148] has joined #bitcoin-wizards 08:48 < instagibbs> The real q is if users sending txns will jack up fees to encourage inclusion in next block if blocks would be spaced out, encouraging miners to get back into mining again. And if miners expect this, then maybe this is moot. 08:49 -!- hearn [~mike@c-67-180-209-140.hsd1.ca.comcast.net] has joined #bitcoin-wizards 08:50 < brisque> at least nobody can claim to be surprised 08:51 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has quit [Ping timeout: 252 seconds] 08:51 -!- fenn_ is now known as fenn 08:52 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has joined #bitcoin-wizards 08:52 -!- Dr-G [~Dr-G@gtng-4d08d717.pool.mediaWays.net] has quit [Changing host] 08:52 -!- Dr-G [~Dr-G@unaffiliated/dr-g] has joined #bitcoin-wizards 08:53 -!- arubi [~ese168@unaffiliated/arubi] has joined #bitcoin-wizards 08:53 -!- instagibbs [32f65962@gateway/web/freenode/ip.50.246.89.98] has quit [Quit: Page closed] 08:54 -!- eudoxia [~eudoxia@r167-57-119-24.dialup.adsl.anteldata.net.uy] has joined #bitcoin-wizards 08:54 -!- grassass [slug@gateway/vpn/mullvad/x-yeduvrkotvovkurs] has quit [Ping timeout: 264 seconds] 08:56 -!- hearn [~mike@c-67-180-209-140.hsd1.ca.comcast.net] has quit [Quit: My MacBook Pro has gone to sleep. 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