From: Jeremy <jlrubin@mit•edu>
To: Bitcoin development mailing list <bitcoin-dev@lists•linuxfoundation.org>
Subject: [bitcoin-dev] [Bitcoin Advent Calendar] Decentralized Coordination Free Mining Pools
Date: Sun, 12 Dec 2021 08:43:12 -0800 [thread overview]
Message-ID: <CAD5xwhgOK6p7fqZPha1jvDgo=4Syti9K46a2A48Eas44dn9v6Q@mail.gmail.com> (raw)
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Howdy, welcome to day 15!
Today's post covers a form of a mining pool that can be operated as sort of
a map-reduce over blocks without any "infrastructure".
https://rubin.io/bitcoin/2021/12/12/advent-15/
There's still some really open-ended questions (perhaps for y'all to
consider) around how to select an analyze the choice of window and payout
functions, but something like this could alleviate a lot of the
centralization pressures typically faced by pools.
Notably, compared to previous attempts, combining the payment pool payout
with this concept means that there is practically very little on-chain
overhead from this approach as the chain-load
for including payouts in every block is deferred for future cooperation
among miners. Although that can be considered cooperation itself, if you
think of it like a pipeline, the cooperation happens out of band from
mining and block production so it really is coordination free to mine.
Cheers,
Jeremy
--
@JeremyRubin <https://twitter.com/JeremyRubin>
<https://twitter.com/JeremyRubin>
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next reply other threads:[~2021-12-12 16:43 UTC|newest]
Thread overview: 21+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-12-12 16:43 Jeremy [this message]
2021-12-12 23:14 ` vjudeu
2021-12-13 1:31 ` Jeremy
[not found] ` <20211214190524.GA30559@mcelrath.org>
2021-12-14 19:39 ` Jeremy
2021-12-14 19:50 ` Jeremy
2021-12-15 0:12 ` Bob McElrath
2021-12-15 17:25 ` Billy Tetrud
2021-12-15 18:39 ` Jeremy
2021-12-15 18:51 ` Bob McElrath
2021-12-16 9:35 ` vjudeu
2021-12-16 16:57 ` Billy Tetrud
2021-12-17 0:37 ` Jeremy
2021-12-17 6:37 ` vjudeu
2021-12-20 17:18 ` Billy Tetrud
2021-12-23 11:56 ` vjudeu
2021-12-23 19:05 ` Jeremy
2022-01-18 18:15 ` Billy Tetrud
2021-12-14 23:33 ` Bob McElrath
2021-12-15 21:10 ` yanmaani
2021-12-15 21:53 ` Jeremy
2021-12-13 14:10 vjudeu
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