From: Natanael <natanael.l@gmail•com>
To: "Enrique Arizón Benito" <enrique.arizonbenito@gmail•com>,
"Bitcoin Dev" <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Proposal to reduce mining power bill
Date: Thu, 18 Jan 2018 17:25:16 +0100 [thread overview]
Message-ID: <CAAt2M1_L=CbXb6O-=dG+wAtVA1MSMd8H8EKddGT2MpXH_q2yjA@mail.gmail.com> (raw)
In-Reply-To: <CAAt2M1-KTyGPkwaRY=krAfMPUv797JaZyhF1e5g8e8yjjGWhmQ@mail.gmail.com>
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A large miner would only need to divide his hardware setup into clusters
that pretend to be different independent miners to create these "miner
tokens", as explained before, to significantly raise his chances that he on
nearly every single round would be able to mine.
Once each individual token is about the expire, the number just dedicates a
fraction of his mining power to renew it. At the same time he can even
create multiple new tokens given enough hardware.
This does not reduce energy use. The only notable effect is to delay income
for new miners. This makes profitability calculations more annoying.
Long term, it only behaves like an artificially raised difficulty target.
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prev parent reply other threads:[~2018-01-18 16:25 UTC|newest]
Thread overview: 6+ messages / expand[flat|nested] mbox.gz Atom feed top
2018-01-15 22:47 Enrique Arizón Benito
2018-01-16 0:10 ` nullius
2018-01-17 22:34 ` Enrique Arizón Benito
2018-01-18 5:22 ` Eric Voskuil
2018-01-18 8:24 ` Damian Williamson
[not found] ` <CAAt2M1-KTyGPkwaRY=krAfMPUv797JaZyhF1e5g8e8yjjGWhmQ@mail.gmail.com>
2018-01-18 16:25 ` Natanael [this message]
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