Jeremy [ARCHIVE] on Nostr: 📅 Original date posted:2021-12-12 📝 Original message:Howdy, welcome to day 15! ...

📅 Original date posted:2021-12-12
📝 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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