Light can only "travel around the earth" a bit over 7 times in a second.
There is a REASON all Sat internet services (except Iridium) have an absolute minimum latency of close to a half second, AND usually more like 600-700 ms for North America - the "double bounce" out to Geosynch that takes about 120ms PER LEG (2 legs per bounce) even if you're directly under the sat on the Equator - longer as you get further north AWAY from the Equator, and even longer as the sat is usually somewhat "east" or "west" from you as well.
186,280 (appx) miles per second vs earth being right about 25,000 miles AROUND (varies some, pole-to-pole is a hair under).
Topic: Possible to make a POOL RESISTANT coin? (Read 394 times)
It's not about the system of pool mining etc, people don't want to work with each other, would you want to work under Wu's management? what you suggest couldn't work with current connection speed between computers, solo or pooled, both can see the blocks at the exact same time. what if all the mining machines are in the same place and connected to the same network but still participating in mining as a pool? you don't really know who is in a pool till you hear it from them, they announce their participation in a pool and the pool advertises to attract more hash power, how do you know who is in a pool and who is not if they don't tell you?
You don't know who is in a pool. The point is that the next block is announced and everyone does not hear about it instantly. In one of the papers I referenced it says it takes something like 12 seconds to travel across the entire network. This means that if someone "close" to you on the network mines a block then you will be able to get started on the next block sooner than someone in Timbuctu. This gives you an advantage if you are a part of a large pool that mines many of the networks blocks thus pushing big pools towards 51% because it is more profitable to mine in big pools.
A big pool consisting of hundreds of small miners has a disadvantage of few seconds of latency if none of them grow to go their separate ways and always stay with a single pool.
It's not about the system of pool mining etc, people don't want to work with each other, would you want to work under Wu's management? what you suggest couldn't work with current connection speed between computers, solo or pooled, both can see the blocks at the exact same time. what if all the mining machines are in the same place and connected to the same network but still participating in mining as a pool? you don't really know who is in a pool till you hear it from them, they announce their participation in a pool and the pool advertises to attract more hash power, how do you know who is in a pool and who is not if they don't tell you?
You don't know who is in a pool. The point is that the next block is announced and everyone does not hear about it instantly. In one of the papers I referenced it says it takes something like 12 seconds to travel across the entire network. This means that if someone "close" to you on the network mines a block then you will be able to get started on the next block sooner than someone in Timbuctu. This gives you an advantage if you are a part of a large pool that mines many of the networks blocks thus pushing big pools towards 51% because it is more profitable to mine in big pools.
It's not about the system of pool mining etc, people don't want to work with each other, would you want to work under Wu's management? what you suggest couldn't work with current connection speed between computers, solo or pooled, both can see the blocks at the exact same time. what if all the mining machines are in the same place and connected to the same network but still participating in mining as a pool? you don't really know who is in a pool till you hear it from them, they announce their participation in a pool and the pool advertises to attract more hash power, how do you know who is in a pool and who is not if they don't tell you?
I keep trying to tell you and you keep IGNORING ME.
The Pool wallet DOES NOT GENERATE THE BLOCK.
The block is GENERATED outside of the pool - therefore the pool imposes ADDITIONAL DELAYS on getting that block vs solo mining.
The "people in the pool" are NOT the first to get the block, they are NOT on "the same node" where the block is generated.
You are MAKING A VERY BAD FALSE ASSUMPTION that has no basis in reality when you claim pool members get ANY block faster.
The ONLY ISSUE that is LEGITIMATE about pools is the higher potential to get to a 51% total network hashrate position - every other "issue" you have raised has been FALSE AND DOES NOT EXIST IN REALITY AND IS BASED ON BAD ASSUMPTIONS.
The Pool wallet DOES NOT GENERATE THE BLOCK.
The block is GENERATED outside of the pool - therefore the pool imposes ADDITIONAL DELAYS on getting that block vs solo mining.
The "people in the pool" are NOT the first to get the block, they are NOT on "the same node" where the block is generated.
You are MAKING A VERY BAD FALSE ASSUMPTION that has no basis in reality when you claim pool members get ANY block faster.
The ONLY ISSUE that is LEGITIMATE about pools is the higher potential to get to a 51% total network hashrate position - every other "issue" you have raised has been FALSE AND DOES NOT EXIST IN REALITY AND IS BASED ON BAD ASSUMPTIONS.
Ok who generates the next block then? Is it not the person who mined the last block?
I keep trying to tell you and you keep IGNORING ME.
The Pool wallet DOES NOT GENERATE THE BLOCK.
The block is GENERATED outside of the pool - therefore the pool imposes ADDITIONAL DELAYS on getting that block vs solo mining.
The "people in the pool" are NOT the first to get the block, they are NOT on "the same node" where the block is generated.
You are MAKING A VERY BAD FALSE ASSUMPTION that has no basis in reality when you claim pool members get ANY block faster.
The ONLY ISSUE that is LEGITIMATE about pools is the higher potential to get to a 51% total network hashrate position - every other "issue" you have raised has been FALSE AND DOES NOT EXIST IN REALITY AND IS BASED ON BAD ASSUMPTIONS.
The Pool wallet DOES NOT GENERATE THE BLOCK.
The block is GENERATED outside of the pool - therefore the pool imposes ADDITIONAL DELAYS on getting that block vs solo mining.
The "people in the pool" are NOT the first to get the block, they are NOT on "the same node" where the block is generated.
You are MAKING A VERY BAD FALSE ASSUMPTION that has no basis in reality when you claim pool members get ANY block faster.
The ONLY ISSUE that is LEGITIMATE about pools is the higher potential to get to a 51% total network hashrate position - every other "issue" you have raised has been FALSE AND DOES NOT EXIST IN REALITY AND IS BASED ON BAD ASSUMPTIONS.
I'm not saying the pool wallet is generating the block, as far as I know the miner is generating the block. But the people in the pool will be the first to get it since they are on the same node. Depending on the block size (larger blocks take longer to travel) it takes time for it to travel through the entire network and for people outside the pool to hear about it.
The basis for your notion is incorrect.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
Thanks for the reply, but since they are all connected to the same node wouldn't it go from the person in the pool, to the pool node, then to the other pool miners first without having to go from one node to another node to another node to get to someone in china for example?
No, as the pool wallet isn't what generates the block to be solved.
spreadcoin (spread X11 algo) does not support pool . Well... it supports it but there is no way to understand how to calculate the sares afaiu
Interesting, this is what I was looking for in terms of outright blocking pools. Thanks. Any leads for me to learn more about sares afaiu?
spreadcoin (spread X11 algo) does not support pool . Well... it supports it but there is no way to understand how to calculate the shares as far as i understood
The basis for your notion is incorrect.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
Thanks for the reply, but since they are all connected to the same node wouldn't it go from the person in the pool, to the pool node, then to the other pool miners first without having to go from one node to another node to another node to get to someone in china for example?
The basis for your notion is incorrect.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
Computers on a pool take LONGER to "see" a new block, as it has to propagate from the wallet on the pool THROUGH the pool to everyone, while solo miners "see" the new block as soon as it propagates from the wallet.
Pools do not mine "a disproportinate'" high amount of coins when you factor in HOW MANY MACHINES POINT AT A POOL.
The only *REAL* worry is about a pool that is pushing close to the 50% of total network hashrate level - which has been a very uncommon occurance in the entire history of cryptocoin mining.
crap accidentally deleted my post when trying to reply. I'll try to rewrite it:/
reply was:
Well unfortunatly the coin network isn't some magical place that we all can connect to instantly with a direct fiber onnection. The network is a series of random peoples routers and switches and modems and wifi's. Studies (the first link in my first post) show that it takes around 12 seconds for most people to hear about a block. Obviously if the block was announced close to you, you will hear about it sooner. The point is that joining a pool effectively makes the miners in the pool "close" to eachother.
reply was:
Well unfortunatly the coin network isn't some magical place that we all can connect to instantly with a direct fiber onnection. The network is a series of random peoples routers and switches and modems and wifi's. Studies (the first link in my first post) show that it takes around 12 seconds for most people to hear about a block. Obviously if the block was announced close to you, you will hear about it sooner. The point is that joining a pool effectively makes the miners in the pool "close" to eachother.
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