Based on my research, I found out that mining cryptocurrency also involves a luck factor and a probability of success rate. I used to think that everything depended solely on hash power, where the higher the hash power, the greater the rewards. However, that's not the only reason. There are other factors at play, such as the location of nodes, lower latency being better, the software and hardware used by the mining pool, the strategy, and management. But in the long run, larger mining pools still have an advantage.
Topic: how unknowns can solve more blocks? (Read 181 times)
You can find a rumour about anything you want if you look around ... reality is a different story.
I also heard a lot of rumors about the SHA-256 protocol
Some wonder if there could be a conspiracy afoot in which the NSA plans to use a backdoor in SHA-256 to either identify individuals or drain their wallets of funds. However, there is no evidence of this aside from the fact that the NSA contributed to the development of several hashing algorithms. It is therefore unlikely that the NSA has much to do with Bitcoin’s development otherwise.
https://supraoracles.com/academy/the-nsa-and-bitcoin-origins-of-the-sha-256-hashing-algorithm/
Some wonder if there could be a conspiracy afoot in which the NSA plans to use a backdoor in SHA-256 to either identify individuals or drain their wallets of funds. However, there is no evidence of this aside from the fact that the NSA contributed to the development of several hashing algorithms. It is therefore unlikely that the NSA has much to do with Bitcoin’s development otherwise.
https://supraoracles.com/academy/the-nsa-and-bitcoin-origins-of-the-sha-256-hashing-algorithm/
Well it is actually not rare, maybe some improbable but the odds are still there, it is a lottery a bit one i mean...
For example:
Some miners often solve a empty blocks, it is just luck
If you see the mining process from a simple Hash point of view it is actually and totally random output from the double hash sha256 of th header This header have some fields and the data that most vary there is the Nonce the times stamp and the Merkle tree hash, so if you see it as a random process from output from the double sha256 it is just luck.
Some time ago one guy point me to some Solo-Miner that solve two blocks in less than
Transactions:
https://mempool.space/tx/eebfc1bbec8ba283fd76607d95f5f0f3d957c08863d3643cec6ac9d06c6520f6
https://mempool.space/tx/87edc09d1a7979f7a83ba60154e95907111b18ed26318f84917a32b2e74dc547
He told me a conspiracy theory that the guys broke sha256, I just laught about it.
So if you ask how they can solve more blocks?
Luck
For example:
Some miners often solve a empty blocks, it is just luck
If you see the mining process from a simple Hash point of view it is actually and totally random output from the double hash sha256 of th header This header have some fields and the data that most vary there is the Nonce the times stamp and the Merkle tree hash, so if you see it as a random process from output from the double sha256 it is just luck.
Some time ago one guy point me to some Solo-Miner that solve two blocks in less than
Transactions:
https://mempool.space/tx/eebfc1bbec8ba283fd76607d95f5f0f3d957c08863d3643cec6ac9d06c6520f6
https://mempool.space/tx/87edc09d1a7979f7a83ba60154e95907111b18ed26318f84917a32b2e74dc547
He told me a conspiracy theory that the guys broke sha256, I just laught about it.
So if you ask how they can solve more blocks?
Luck
Actually it just means that whoever generated that graph, has no idea about identifying who mined that 7%.
Unknowns are rare, more like 2%.
Unknowns are rare, more like 2%.
Unknown simply means whoever found the block had nothing that identifies their identity in the Coinbase transaction, so we don't even know if those blocks are found by individuals, small / medium pools or even large pools doing this on purpose for some reason.
Now looking at it from a percentage standpoint, unknown blocks combined made up 7% of all blocks in the last year which is less than the 5 top pools individually.
What tool did you use to see all these block data statistics?
Those unknown pools are not just a single miner or a pool I think there are many it is a combined mining pool they do find more blocks compared to a big pool because they are many and they include the old data where mining pools are few because most of the miners years ago are mining solo(this is just based on what I understand).
There is a block distribution tool that I think is better than the tools you use check https://mempool.space/graphs/mining/pools
You can also use mempool to search those unknown blocks I tried a few blocks on the image you provided above and it gives me complete data including the name of the pool that mines that block. Meaning they are not unknown they do have names when you check it to mempool.
Those unknown pools are not just a single miner or a pool I think there are many it is a combined mining pool they do find more blocks compared to a big pool because they are many and they include the old data where mining pools are few because most of the miners years ago are mining solo(this is just based on what I understand).
There is a block distribution tool that I think is better than the tools you use check https://mempool.space/graphs/mining/pools
You can also use mempool to search those unknown blocks I tried a few blocks on the image you provided above and it gives me complete data including the name of the pool that mines that block. Meaning they are not unknown they do have names when you check it to mempool.
There are a few factors that cause that 'smaller pools' can mine more blocks than bigger players in the network.
The luck factor which describes how lucky the mining pool is compared to the expectation. For example: 100% luck on a mined block means that the pool found as many blocks as expected compared to their hash rate. 50% would mean, that it was two times faster than expected.
So it can happen that a 'smaller' mining pool might experience a streak of good luck - finding more blocks than expected statistically.
Don't forget that there are a lot of pools that are marked as unknown. At some times it can also happen that a larger pool mined a block but the address is not attached to this specific pool - so it gets automatically marked as 'unknown' aswell.
I would like to address another point that is becoming increasingly important:
The diversification of hash rate among various pools, including smaller ones, is a trend that is noticed in the mining industry. Smaller pools may employ strategies or have particular attributes that enable them to mine more blocks despite having less hash power.
The luck factor which describes how lucky the mining pool is compared to the expectation. For example: 100% luck on a mined block means that the pool found as many blocks as expected compared to their hash rate. 50% would mean, that it was two times faster than expected.
So it can happen that a 'smaller' mining pool might experience a streak of good luck - finding more blocks than expected statistically.
Don't forget that there are a lot of pools that are marked as unknown. At some times it can also happen that a larger pool mined a block but the address is not attached to this specific pool - so it gets automatically marked as 'unknown' aswell.
I would like to address another point that is becoming increasingly important:
The diversification of hash rate among various pools, including smaller ones, is a trend that is noticed in the mining industry. Smaller pools may employ strategies or have particular attributes that enable them to mine more blocks despite having less hash power.
So far, the majority of the network’s hashpower has been allocated to the top-tier mining pools (foundry, f2pool, antpool, binance pool, and others).
yet, it’s interesting to note that smaller, lesser known pools with much lower hashpower are still able to consistently mine more blocks than the big players. How are these lesser known pools able to consistently achieve such high block success despite having significantly less hashpower?
yet, it’s interesting to note that smaller, lesser known pools with much lower hashpower are still able to consistently mine more blocks than the big players. How are these lesser known pools able to consistently achieve such high block success despite having significantly less hashpower?
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