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From: Pavol Rusnak <stick@satoshilabs.com>
Date: Sun, 16 May 2021 00:19:31 +0200
Message-ID: <CAF90Av=cuzF7C-fxgA+DTERzrg1ZxzF-FpSqeFNv4H80Sti8mw@mail.gmail.com>
To: Michael Fuhrmann <fuhmic@web.de>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes
to save 90% of mining energy
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Please read the Bitcoin whitepaper. It's a very interesting read.
--
Best Regards / S pozdravom,
Pavol "stick" Rusnak
Co-founder and CTO, SatoshiLabs
On Sat, May 15, 2021, 23:57 Michael Fuhrmann via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> Hello,
>
> Bitcoin should create blocks every 10 minutes in average. So why do
> miners need to mine the 9 minutes after the last block was found? It's
> not necessary.
>
> Problem: How to prevent "pre-mining" in the 9 minutes time window?
>
> Possible ideas for discussion:
>
> - (maybe most difficult) global network timer sending a salted hash time
> code after 9 minutes. this enables validation by nodes.
>
> - (easy attempt) mining jobs before 9 minutes have a 10 (or 100 or just
> high enough) times higher difficulty. so everyone can mine any time but
> before to 9 minutes are up there will be a too high downside. It is more
> efficient to wait then paying high bills. The bitcoin will get a "puls".
>
>
> I dont think I see all problems behind these ideas but if there is a
> working solution to do so then the energy fud will find it's end. Saving
> energy without loosing rosbustness.
>
>
>
> :)
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
--000000000000c8f7dd05c265c1b4
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto">Please read the Bitcoin whitepaper. It's a very inter=
esting read.<br><br><div data-smartmail=3D"gmail_signature">--<br>Best Rega=
rds / S pozdravom,<br><br>Pavol "stick" Rusnak<br>Co-founder and =
CTO, SatoshiLabs</div></div><br><div class=3D"gmail_quote"><div dir=3D"ltr"=
class=3D"gmail_attr">On Sat, May 15, 2021, 23:57 Michael Fuhrmann via bitc=
oin-dev <<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org">bitcoi=
n-dev@lists.linuxfoundation.org</a>> wrote:<br></div><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex">Hello,<br>
<br>
Bitcoin should create blocks every 10 minutes in average. So why do<br>
miners need to mine the 9 minutes after the last block was found? It's<=
br>
not necessary.<br>
<br>
Problem: How to prevent "pre-mining" in the 9 minutes time window=
?<br>
<br>
Possible ideas for discussion:<br>
<br>
- (maybe most difficult) global network timer sending a salted hash time<br=
>
code after 9 minutes. this enables validation by nodes.<br>
<br>
- (easy attempt) mining jobs before 9 minutes have a 10 (or 100 or just<br>
high enough) times higher difficulty. so everyone can mine any time but<br>
before to 9 minutes are up there will be a too high downside. It is more<br=
>
efficient to wait then paying high bills. The bitcoin will get a "puls=
".<br>
<br>
<br>
I dont think I see all problems behind these ideas but if there is a<br>
working solution to do so then the energy fud will find it's end. Savin=
g<br>
energy without loosing rosbustness.<br>
<br>
<br>
<br>
:)<br>
_______________________________________________<br>
bitcoin-dev mailing list<br>
<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank" =
rel=3D"noreferrer">bitcoin-dev@lists.linuxfoundation.org</a><br>
<a href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
rel=3D"noreferrer noreferrer" target=3D"_blank">https://lists.linuxfoundati=
on.org/mailman/listinfo/bitcoin-dev</a><br>
</blockquote></div>
--000000000000c8f7dd05c265c1b4--
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