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Topic: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools - page 20. (Read 6551 times)

full member
Activity: 442
Merit: 100
For can set bounty for -
1. Signatures, display pics on the forum (Higher the level higher the bounty).
2. Discord group invited bounties.
3. Twitter post bounties.
4. A blog or video about the project.

These are the most simple ways people can earn rewards.
member
Activity: 141
Merit: 41
The testnet is about to open next week. After the test, we plan to design some bounty campaigns. Anyone have some relevant experience or ideas about bounty compaigns are welcome to make some good suggestions. Grin
newbie
Activity: 10
Merit: 0
Any new release?

I have been following this project for a while and look forward to a new release.
member
Activity: 141
Merit: 41
Large mining pools are the biggest threat to decentralization. Any proposed weakened pools must be marked better.
Good luck.

You are right, good projects deserve more attention

Somehow that is what is happening. BTC may look decentralize but there seem to be a central authority when it comes to mining the huge vote will disrupt consensus if there is something to decide. This project though may still now be very successful without support from big community. For it to have a community to begin with you will have to spend for bounty campaigns and promotions.

Thank you for your attention. We do not plan to design pre-mining and ICOs, but after the test, we will still design some bounty compaigns.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Large mining pools are the biggest threat to decentralization. Any proposed weakened pools must be marked better.
Good luck.

You are right, good projects deserve more attention

Somehow that is what is happening. BTC may look decentralize but there seem to be a central authority when it comes to mining the huge vote will disrupt consensus if there is something to decide. This project though may still now be very successful without support from big community. For it to have a community to begin with you will have to spend for bounty campaigns and promotions.
newbie
Activity: 21
Merit: 0
newbie
Activity: 8
Merit: 0
Large mining pools are the biggest threat to decentralization. Any proposed weakened pools must be marked better.
Good luck.

You are right, good projects deserve more attention
newbie
Activity: 3
Merit: 0
Testnet will be opened on June 25, 2020. Welcome to join.
Refer to https://lucknet.club for details.

Large mining pools are the biggest threat to decentralization. Any proposed weakened pools must be marked better.
Good luck.
member
Activity: 141
Merit: 41
Testnet will be opened on June 25, 2020. Welcome to join.
Refer to https://lucknet.club for details.
newbie
Activity: 29
Merit: 1
this is the best solution I have seen to eliminate the threat of mining pools.
wait for testnet.
full member
Activity: 702
Merit: 102
I am the Kung Fury...
Nice to see something new on bitcointalk, have to read your whitepaper, but new and simple idea are always welcome.
Will follow your updates!!
Any idea on testnet/mainnet release dates?
member
Activity: 141
Merit: 41
Thank you very much for your attention. We will release a notice about the launch of the testnet within the next week.
newbie
Activity: 10
Merit: 0
Good luck - looks very interesting,I already follow you
newbie
Activity: 3
Merit: 0
I want to know how to participate in mining.  Roll Eyes
full member
Activity: 171
Merit: 100
kiramine.com
when will the test/mainnet launch ?
member
Activity: 141
Merit: 41
I'm not sure to fully understand your idea.

For the 4th part in your whitepaper, the difficulty function f(l) must be sensitive enough to l to satisfy E2(m)
I really don't understand the selfish mining attack in your whitepaper, and I don’t understand how the 1/m^2 was derived?

I think it can be understood like this.

when two miners do not cooperate in mining, their luck l1 will be better, and the mining difficulty f(l1) will be lower;
when they cooperate, their luck l2 will be worse, The mining difficulty f(l2) is higher.

Although the power of their cooperation is *2, when f(l2)>2*f(l1), it can satisfy E2


From another perspective, the variance of cooperation is greater than that of non-cooperation. one-cpu-one-vote is the result.


Thank you very much. You are right. From the perspective of minimizing risk, the expected output of cooperation is low and the variance is large. Rational miners will choose to mine independently. Cool
newbie
Activity: 8
Merit: 0
If this mechanism works properly, I think the project has great potential.
Indeed, no matter which hash function you choose, as long as you use the same idea of traditional PoW, pools are inevitable.
newbie
Activity: 1
Merit: 0
Due to the difference in difficulty, the fork probability of the system is reduced, which is indeed a good solution.

Good luck to you!
newbie
Activity: 10
Merit: 0
I'm not sure to fully understand your idea.

For the 4th part in your whitepaper, the difficulty function f(l) must be sensitive enough to l to satisfy E2(m)
I really don't understand the selfish mining attack in your whitepaper, and I don’t understand how the 1/m^2 was derived?

I think it can be understood like this.

when two miners do not cooperate in mining, their luck l1 will be better, and the mining difficulty f(l1) will be lower;
when they cooperate, their luck l2 will be worse, The mining difficulty f(l2) is higher.

Although the power of their cooperation is *2, when f(l2)>2*f(l1), it can satisfy E2


From another perspective, the variance of cooperation is greater than that of non-cooperation. one-cpu-one-vote is the result.
newbie
Activity: 21
Merit: 0
I'm not sure to fully understand your idea.

For the 4th part in your whitepaper, the difficulty function f(l) must be sensitive enough to l to satisfy E2(m)
I really don't understand the selfish mining attack in your whitepaper, and I don’t understand how the 1/m^2 was derived?

I think it can be understood like this.

when two miners do not cooperate in mining, their luck l1 will be better, and the mining difficulty f(l1) will be lower;
when they cooperate, their luck l2 will be worse, The mining difficulty f(l2) is higher.

Although the power of their cooperation is *2, when f(l2)>2*f(l1), it can satisfy E2
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