Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
Nothing to see here. Just supporting the network
It's kinda funny watching the thousands of BTC users that can't get in a bus on txstreet while BCH has been filling three and four at a time no problem. It's almost as if BTC needs more buses...
Mines less of what? If the scenario was that there is no more coins to be mined. Please be more detailed.
Less processing power. So little in fact that one person hardly sacrifices any power to support the network. Bringing the risk down to the reward.
Most node software has single threaded message processing...When a block processes then the queue is jammed until the block finishes. Only BU nodes are unaffected by this.
Great point! I've updated memo to use separate processes for memos vs normal transactions. It seems to be helping.
Burning money sending these Memos
Maybe I'm crazy, but it seems like all Memo broadcasting is faster now. Faster than it was before the fixes.
With mining pools actually storing the blockchain, passing work down to the miners, crypto mining can become a background process on every device with little to no footprint.
If anyone wants to provide a better idea, or counter my claim, please do so.
Each miner only allocates mere handful of percent of CPU usage to mining. The costs to mine are now minimal. So too are the profits. But the barrier to entry falls massively.
With mining pools actually storing the blockchain, passing work down to the miners, crypto mining can become a background process on every device with little to no footprint.
No! The solution is SIMPLE. Everyone mines. But each person mines LESS.
Each miner only allocates mere handful of percent of CPU usage to mining. The costs to mine are now minimal. So too are the profits. But the barrier to entry falls massively.
Great point! I've updated memo to use separate processes for memos vs normal transactions. It seems to be helping.
That seems to be fixing it. We'll just have to wait and see.
So what is a miner to do? Shut his rig off and watch the blockchain burn and fade into obscurity as Wojack walks into the fiat bank with his McDonalds hat to open an account?
No! The solution is SIMPLE. Everyone mines. But each person mines LESS.
Essentially, lets pretend the last Bitcoin is mined TODAY. It costs you $3.25 a day in electricity to run your Antminer S9 and you only make pennies in profit. Mining is impossible.
So what is a miner to do? Shut his rig off and watch the blockchain burn and fade into obscurity as Wojack walks into the fiat bank with his McDonalds hat to open an account?
I have an idea of how mining could work after the block reward is eliminated.
Essentially, lets pretend the last Bitcoin is mined TODAY. It costs you $3.25 a day in electricity to run your Antminer S9 and you only make pennies in profit. Mining is impossible.
I have an idea of how mining could work after the block reward is eliminated.
What incentive is there to mine Bitcoin after the 21,000,000th final Bitcoin is mined? Without a block reward doesn't the burden fall on network fees? Essentially forcing a fee market?
I just released a change that might fix it. If not, I'll keep trying to see what I can do.
Yeah, it's still being slow i think. Better to hash out these issues now than stress test day.
