š
Original date posted:2017-04-08
š Original message:ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead of raw computation throttled.
There is the equation:
Power Cost + Captial Rent + Labor ~= block reward + fees
Capital Rent is a barrier to entry, and hence in desiring a more distributed system, we would like to minimize the Capital Rent portion of the equation.
Resolving memory/latency throttle requires a greater Captial Rent than raw computation throttle.
Hence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a government enforced monopoly on mining.
Please let me know if I made a mistake.
Thanks,
Praxeology Guy
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praxeology_guy [ARCHIVE] /
npub1hzā¦7nzv7
2023-06-07 17:59:48
in reply to nevent1qā¦3v4e
Author Public Key
npub1hzkv59ax7ax80nv2fzvcgmveqyk3k5sg9gq695n48l9scenf5c9sa7nzv7Published at
2023-06-07 17:59:48Event JSON
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Original date posted:2017-04-08\nš Original message:ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead of raw computation throttled.\n\nThere is the equation:\nPower Cost + Captial Rent + Labor ~= block reward + fees\n\nCapital Rent is a barrier to entry, and hence in desiring a more distributed system, we would like to minimize the Capital Rent portion of the equation.\n\nResolving memory/latency throttle requires a greater Captial Rent than raw computation throttle.\n\nHence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a government enforced monopoly on mining.\n\nPlease let me know if I made a mistake.\n\nThanks,\nPraxeology Guy\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170408/57669e84/attachment.html\u003e",
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