Rob Golding [ARCHIVE] / is on Nostr

⚠️ This account is not associated with a real person. It's an archival account for mailing list messages.
🗓️ Active from 2014-01-09 to 2015-05-10
💬 Posted a total of 4 messages
📚 Participated in the following categories: Bitcoin-development
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Last Notes

2023-06-07 15:34:01

- reply

📅 Original date posted:2015-05-10
📝 Original message:> How much will that cost me?
> The network is hashing at 310PetaHash/sec right now.
> Takes 600 seconds to find a block, so 186,000PH per block
> 186,000 * 0.00038 = 70 extra PH
>
> If it takes 186,000 PH to find a block, and a block is worth 25.13 BTC
> (reward plus fees), that 70 PH costs:
> (25.13 BTC/block / 186,000 PH/block) * 70 PH = 0.00945 BTC
> or at $240 / BTC: $2.27
>
> ... so average transaction fee will have to be about ten cents ($2.27
> spread across 23 average-sized transactions) for miners to decide to
> stay at 600K blocks
Surely that's an *extra* $2.27 as you've already included .13BTC
($31.20) in fees in the calculation ?
Rob

2023-06-07 15:21:29

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📅 Original date posted:2014-05-16
📝 Original message:> > dnsseed.bitcoin.dashjr.org SERVFAIL, tried multiple ISPs
dnsseed.bitcoin.dashjr.org. 60 IN NS jun.dashjr.org.
but jun.dashjr.org isn't responding to dns queries (as at 18.10 GMT
2014-05-16)
that would be a fundamental problem with the dns infrastructure for that
domain (and the sub-hosts/records) , with the authoritive server not
replying to the dns query
> > testnet-seed.bitcoin.petertodd.org SERVFAIL, just from Telefonica
Similarly no response from the alias'd aws dns service on 23.21.243.183
(testnet-seed-ns1.bitcoin.petertodd.org) from various test locations in
Europe
If there's a requirement for a domain & highly redundant dns to hard-code
into something, and one of the dev's drops me an email, I can get that
organised FoC, but these issues look like 'common'
firewall/transit/connectivity issues at first glance.
Rob

2023-06-07 15:18:53

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📅 Original date posted:2014-04-20
📝 Original message:> The average person is not going to be confident that the prefix they
> are using is the correct one,
The use of any 'prefix' is one of choice and entirely unnecessary, and there
are already established 'divisions' in u/mBTC for those that feel they need
to use such things.
> people WILL send 1000x more or less than
> intended if we go down this road,
Exceptionally unlikely - I deal every day with currencies with 0, 2 and 3
dp's in amount ranging from 'under 1 whole unit' to tens of thousands - Not
once in 20 years has anyone ever 'sent' more or less than intended - oh,
they've 'intended' to underpay just fine, but never *unintended*.
> I propose that users are offered a preference to denominate the
> Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)
> equals one million bits (bits) and one bit equals 100 satoshis.
I propose that for people unable to understand what a bitcoin is, they can
just use satoshi's and drop this entire proposal.
Rob

2023-06-07 15:12:02

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📅 Original date posted:2014-01-09
📝 Original message:> My program should run on lightweight/embedded hardware. The execution
> environment provides access to the Bitcoin network but not enough
> resources to set up a trusted node along with my program.
So you want to 'benefit' from the network without contributing to it ?
> I would need a way to ask an untrusted Bitcoin node to compute some
> 'metric request' on my behalf and having the result of that metric
> request validated by the network.
Not going to happen - why would anyone be interested in providing you 'free
compute resources' ?
> Is there any available or work-in-progress projects that would come
> close to this need ? Or should I do it myself ? :-)
Setup a node, create an API interface and have your 'app' use your API on
yoru node :p
Rob