š
Original date posted:2021-12-12
š Original message: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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Jeremy [ARCHIVE] /
npub1q8ā¦8qwta
2023-06-07 23:01:16
in reply to nevent1qā¦8dku
Author Public Key
npub1q86n5vtxkwerzwfqza3hwls8pl8764244464talfqy2vpj0qaz6q38qwtaPublished at
2023-06-07 23:01:16Event JSON
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Original date posted:2021-12-12\nš Original message:Howdy, welcome to day 15!\n\nToday's post covers a form of a mining pool that can be operated as sort of\na map-reduce over blocks without any \"infrastructure\".\n\nhttps://rubin.io/bitcoin/2021/12/12/advent-15/\n\nThere's still some really open-ended questions (perhaps for y'all to\nconsider) around how to select an analyze the choice of window and payout\nfunctions, but something like this could alleviate a lot of the\ncentralization pressures typically faced by pools.\n\nNotably, compared to previous attempts, combining the payment pool payout\nwith this concept means that there is practically very little on-chain\noverhead from this approach as the chain-load\nfor including payouts in every block is deferred for future cooperation\namong miners. Although that can be considered cooperation itself, if you\nthink of it like a pipeline, the cooperation happens out of band from\nmining and block production so it really is coordination free to mine.\n\n\nCheers,\n\nJeremy\n\n--\n@JeremyRubin \u003chttps://twitter.com/JeremyRubin\u003e\n\u003chttps://twitter.com/JeremyRubin\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20211212/ac3c5c3d/attachment.html\u003e",
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