Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-3.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1VhOwS-0007yF-BN for bitcoin-development@lists.sourceforge.net; Fri, 15 Nov 2013 19:20:32 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of petertodd.org designates 62.13.149.84 as permitted sender) client-ip=62.13.149.84; envelope-from=pete@petertodd.org; helo=outmail149084.authsmtp.net; Received: from outmail149084.authsmtp.net ([62.13.149.84]) by sog-mx-3.v43.ch3.sourceforge.com with esmtp (Exim 4.76) id 1VhOwQ-000101-5c for bitcoin-development@lists.sourceforge.net; Fri, 15 Nov 2013 19:20:32 +0000 Received: from mail-c237.authsmtp.com (mail-c237.authsmtp.com [62.13.128.237]) by punt8.authsmtp.com (8.14.2/8.14.2) with ESMTP id rAFJK219041005; Fri, 15 Nov 2013 19:20:02 GMT Received: from petertodd.org (petertodd.org [174.129.28.249]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id rAFJJutB026112 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO); Fri, 15 Nov 2013 19:19:59 GMT Date: Fri, 15 Nov 2013 14:19:56 -0500 From: Peter Todd To: Michael Gronager Message-ID: <20131115191956.GB29469@petertodd.org> References: <528367F5.9080303@ceptacle.com> <20131115103246.GB17034@savin> <528609E2.2050107@ceptacle.com> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="R3G7APHDIzY6R/pk" Content-Disposition: inline In-Reply-To: <528609E2.2050107@ceptacle.com> User-Agent: Mutt/1.5.21 (2010-09-15) X-Server-Quench: eb54f025-4e2a-11e3-94fa-002590a135d3 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVKBZePFsRUQkR aAdMdwcUFloCAgsB AmUbWl1eUVR7XGo7 ag1VcwRfa1RMVxto VEFWR1pVCwQmQ213 fGRbFmtydQNHeXw+ bEdlWT4ODkF+I0Z/ R1NQQG9XeGZhPWMC WUQOJh5UcAFPdx8U a1N6AHBDAzANdhES HhM4ODE3eDlSNilR RRkIIFQOdA4mADM6 DwsDGC0rEFdNQiQ1 Lhk7LxYSEUtZOUw2 OkYlUE4ZNBlwQgNZ BURQBCYLb1dJEWIh Ch5cQV9cHjpHQhBG CwElZRZWDyZbVSdv Dk9CQBIUCjFIOCAN X-Authentic-SMTP: 61633532353630.1024:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 174.129.28.249/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. 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[URIs: petertodd.org] 0.0 LOTS_OF_MONEY Huge... sums of money X-Headers-End: 1VhOwQ-000101-5c Cc: bitcoin-development@lists.sourceforge.net Subject: Re: [Bitcoin-development] Even simpler minimum fee calculation formula: f > bounty*fork_rate/average_blocksize X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 15 Nov 2013 19:20:32 -0000 --R3G7APHDIzY6R/pk Content-Type: text/plain; charset=us-ascii Content-Disposition: inline Content-Transfer-Encoding: quoted-printable On Fri, Nov 15, 2013 at 12:47:46PM +0100, Michael Gronager wrote: > -----BEGIN PGP SIGNED MESSAGE----- > Hash: SHA1 >=20 > On 15/11/13, 11:32 , Peter Todd wrote: >=20 > > alpha =3D (1/113)*600s/134kBytes =3D 39.62uS/byte =3D 24kB/second > >=20 > > Which is atrocious...=20 >=20 > alpha =3D P_fork*t_block/S =3D 1/113*454000/134 =3D 29ms/kb Huh? Where did 454000 come from? > > , which shows you how little attention they are paying to > > optimizing profits. Right now mining pulls in $1.8 million/day, so > > that's up to $16k wasted. >=20 > yup, but the relevant comparison is not 16k vs 1.8m, but the pool > operator earnings which are on the order of 1% of the 1.8m so it is 18k > vs 16k - I wouldn't mind doubling my income... That's only true for a PPS pool though, not the more usual pools that pay relative to blocks actually found. Heh, actually, that might be part of the problem... also doesn't help how varience is going to make noticing 1% hard. > > In > > theory anyway, could just as easily be the case that larger pools have > > screwed up relaying still such that p2pool's forwarding wins. >=20 > Yeah, we should resurrect p2pool ;) P2Pool has 1% hashing power right now; I mine on it myself with what little hashing power I have. The more interesting thing is how do you grow P2Pool - requiring a full node is going to make that tricky. Also the once we start adding more efficient block propagation by transmitting headers + txids p2pool's current advantage goes away. --=20 'peter'[:-1]@petertodd.org 0000000000000005fbc1840bbd5bd71d4d6cd2930e20da9e697710f58bd4f69d --R3G7APHDIzY6R/pk Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iQEcBAEBCAAGBQJShnPbAAoJEBmcgzuo5/CF2D0IALD9Wmv4BTFzehhD69+oR2NX hAKs+Lc6lvcCQKcMz/RcvY2Rx/iJzbqlAi9OtV+Fl9hfteduyCYdk0FnXboYuZzf oKkKumsSAkachK991d7cGWXq393UzxORkZx+PP004m/leqeAdsGGmdaBDxVzSBcQ eNO00+PrwdjSmzOETO4+IMZemGOUZN9EKc+6KiAjVr1PHXF5/gilS2w1hiymseTB Z0o0/ICQSWykWwSwDc0L+Nra50DwMQ+1NLTm/6pkW6yfoRlsU5T0zhZRCj3DgKv5 Dfvd8yUQPkb251l4NgPHFt69PSGbny5HhvbrDZUy+kBN0ypUVz6pN7++SMCYeqg= =kbnv -----END PGP SIGNATURE----- --R3G7APHDIzY6R/pk--