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:
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
that would be a fundamental problem with the dns infrastructure for that
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
But there's so much 'dry powder' out there (GPUs), I wonder if *not*
supporting merge-mining is any better? At least the attacker has to do
some unique PoW, so you hope it's costing them something.
With lots of people having access to 100TH+ there's not really much
'cost' to doing a 51%
But the regulatory environment in many geographical regions in
uncertain. Do we need to pay capital gains? Do we need to pay a
sales taxs etc. etc.
In most regions it's not only 'simple' but trivial - BTC is just
'another currency' and accounted for exactly the same way - it doens't
bitcoin protocol needs an archival system so the blockchain doesn't
become too big to download
Some people may want it all ...
Balance at Point-In-Time summaries (say up to the penultimate
difficulty adjustment) would be one simple way.
And make new-adopters get up and running in minutes not
(there's no way to be completely trust-free without this).
Not quite true, as I said balance-at-point-in-time would solve that
(and make the storage requirements much lower)
If going that route, then solutions to the 'consolidate
question and formal 'discard' of
It appears that we will soon be at a hashrate where all the desktop
CPUs in the world couldn't really make a dent in it... certainly not
desktop cpus using the slow integrated cpu miner,
I thought the integrated miner was retired a version or so ago - I
dontrecall seeing it for some time in
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