Topic: What will happen to the Bitcoin network if Russia blocks access to the internet? - page 3. (Read 864 times)

If Russia blocks access to the internet, mining difficulty might drop and it would become easier to mine Bitcoin. But price would affect demand as well, so there will be new balance. Things always have a way of working out. So don't worry.

No franky1, it doesn't work like that.

Each of those miners wins when they got the best time, but when the Russian athlete is disqualified the winning time will be the second-fastest, driving the average down. If it were like you imagine you could drive out 9 of that athletes and you will still get the same time, and then you could chop his legs and the and you will still get the same time.
Also, the model is completely stupid, since you have 9 people averaging each 9.5-10.5 the winning time deciding the average won't be 10 it will be closer to 9.5 as each athlete will at least once hit 9.5 with a 1/10 chance of course the chances for all of them to hit 10.5 to compensate are not the same but one order of magnitude higher.
 

the title.. What will happen to the Bitcoin network if Russia blocks access to the internet? kinda gives away the scenario

there was no chainsplit when kazahkstan blocked access to the internet on riot week.

because no internet means no ability to broadcast beyond the walls of the building you create data in

Ooh. No internet. Got it now... Excuse me, I thought we're talking about a scenario where the country is simply incapable of connecting outside. It's hard to imagine a world without internet. 

THERE WAS NO INTERNET in kazahkstan
it wasnt a choice to not fork. it was NO CHOICE.

ill word it another way.
if a government turns off your electric. you have no electric.. its not a choice that you decide not to have your lights on.. you simply HAVE NO LIGHTS.

no internet means NO communication between nodes. meaning no fork
its a simple piece of common sense logic..
if you have no internet then your miners are doing nothing but burning electric for no reason
as there is no broadcasting
you are not broadcasting anything to anyone because your data is not leaving YOUR BUILDING

why would anyone continue mining if the only place their data goes is in their internal building LAN..

no WAN = no fork.
no one would be mining their own chain that is only seen on the computers in the same office as the miner. because that is just an expensive future orphan when the internet gets turned on again.

i know you might be thinking that russia will magically send smoke signals across many different asic farms across russia so that they combine their own separate chain within russia. but that is not the case.
imagine russia having say 20 asic farms of 200petahash..
its not a case of russia having a sub-net/fork of 4exahash.. instead if they are stupid enough to waste electric. they would have 20 chains of 0.2exa. meaning 1000x behind the mainnet
so instantly rejected

understand what no internet means. it means no broadcasting.
and knowing they cant broadcast, they are just waiting electric knowing that their many different chains at very very low hashrate will get rejected when the internet comes back.

ther would be no way to spend coins with merchants or exchanges while there is no internet. so no way to cash out any rewards. because no one outside of the warehouse of their asics will see those blocks

Cutting the internet connection doesn't take their computational resources. They can still use them to mine blocks, even if they had been using them to provide shares in a pool outside Russia.

I can think of many other reasons why they didn't split Bitcoin. One's that it makes consensus harder to be achieved. Another is that there wasn't enough demand for a fork to occur.

if the russians have no internet they would both not see any blocks because they have no internet. AND they wont be producing any blocks because.. yep THEY HAVE NO INTERNET

having no internet means no fork, no different chain. it just means no competition from russia. they are just dead/stalled. not part of the network or any network
basically not receiving. not broadcasting anything.

EG
there was no chain split when kazahkstan went dark last year. because no internet means NO INTERNET

That would mean a million more people on welfare, at least!

All the freelancers like journalists, coders, translators, all youtubers, streamers, content creators of various types, moderators, game designers, small online stores, everything would go to shit. That would mean serious drop in taxes and gigantic unemployment and migration. Sure, he can do it, but that's going to be the last nail in his coffin.

Russia is larger than china so the impact is going to be a little stronger than what china experienced. Another thing is that China has only banned bitcoin mining I think? and not totally bitcoin. They also didn't ban the internet, that is why people can still trade and invest in bitcoin.

I am not sure that if the news was true, why would they ban the internet? I thought they are already planning to use bitcoin as an alternative to banks. Did they change their minds or what? internet is too useful to be banned as lots of people now are relying on it. Not only this can bring damage to the price of bitcoin but it can also bring lots of damage to their economy.

I don't think this will happen, but still, if you imagine it, it won't be good, there are a lot of people involved in cryptocurrency in this country and also a lot of miners, but the cryptocurrency as a whole will survive this, because after the ban in China of bitcoin, everything eventually fell into place.

Yeah, mainly the innocent poor citizens in the country will be the ones who are going to be suffering from this. Now they are planning to shut down their internet from the rest of the world? Well, in this case I think things are really going to be getting worse in their country, and like said, the poor ones will suffer it the most, but it would also get to the people at the top, it’s just with time.

But, by the time it gets to those at the top, the poor innocent citizens would have suffered too much from it. Their economy is falling, and they have been banned from a lot of things, and now they want to disconnect their internet, the situation is really messed up for them. I was even thinking that by now that they would have ended this madness.

So far, Russia claims it's not planning to get out of the Internet. I think that realistically Russia is heading to a semi-closed Internet, similar to what's the case in China (lots of banned websites, basically, but not completely inaccessible). China has worked on their version for a long time, but Russia might still be able to pull this off. They're blocking some major social networks already, and considering banning Wikipedia, of all things. But this doesn't mean that there's literally zero access to Facebook in Russia right now, for example, as people know how to use VPNs and can do so successfully. As for mining, I do think that it can be disrupted, but just like when something like this always happens, relocation is possible, and the overall impact on the price should not be high.

I don't think Russia would be doing that anytime soon because a large amount of the population uses internet on daily basis.
Many of their businesses run on internet as well. So may be they won't do such a thing that will cause themselves a harm.
Even if they decide to block internet for some period of time then it won't effect the Bitcoin network majorly.
Since Bitcoin is a decentralized network, the other nodes will be able to validate the blocks and miners from other countries will be able to mine the blocks.
So there's no harm particularly for Bitcoin.

Can you provide the source please ?
I search about the news but found nothing. I don't really think that Russia will talke this way besides the occident sanctions. I wish not meanwhile.
At worst cases, miners can migrate to to other alternative countries like Georgia or Khazakhestan.

I have not heard such news yet. Disconnecting Russia from the general Internet, apparently, is a purely political decision and it is associated with failures in the war with Ukraine and tough international sanctions for this aggression. It seems that the citizens of Russia are going to continue to be kept away from objective information and continue to feed them with their propaganda in order to prolong the agony of the Putin regime. Very quickly, Russia is turning into a pariah country like North Korea.
Together with the sanctions, which are destroying the Russian economy rather quickly, the shutdown of the general Internet will set this country back many decades in development. Well, you have to pay for everything, and for the aggression against Ukraine as well.

You you really think they can do that? The Russians cannot be the next North Korea, their people would honestly wage a war against everyone and the whole nation. This is not something that people would take care of since they have to sell their bitcoins as well and what would their recieve ?? Rubles?? The value of a ruble is nothing now, which does mean that, they have to hold onto something more important, like bitcoins..the government is going to collapse soon.

If they sell everything off they won't be able to ward off the inevitable governance, inflation? Their ties are already cut off and US is banning the oil supplies now, what do you think people will hold onto?

I think all of this is going to end soon, the world cannot afford another North Korea right now. Let the people have their rights, don't make them sell the only thing protecting them right now.

That really be going to expect from them. Major sell-off coming from Russia triggers a huge dump in major exchanges. Well, on the other side, investors from other countries have the chance to buy more and this is an advantage for us.

He'd never realized it for now but sooner or later, he could think about what he's done. It ruins not only for his reputation but he brings the entire country to suffer.

I am pretty sure that there will be panic selloffs from the Russian crypto community if that happens, thus seeing another market decline temporarily before it can recover once again in the future. Putin has completely destroyed the reputation of his own country. The ones who really suffer are the innocent citizens of Russia (especially those who are into crypto). I’ve got beautiful and amazing friends there that I’ve met both physical (in other countries) and virtual.

franky1 is referring to my statement that the main chain will take longer to mine blocks if it loses all the Russian hashrate. He is incorrect, and his analogy is flawed. Let's assume that there is 100 EH/s, and Russian miners control 10 EH/s. The difficulty is set so that with 100 EH/s, blocks take on average 10 minutes. If we then lose all the Russian hashrate, we will drop to 90 EH/s, whereas the difficulty will still be set to target 10 minute block times for 100 EH/s. Until the next difficulty retarget, which will be a maximum of 2016 blocks away, then the average block time will be prolonged.

In the scenario you are talking about, there would initially be a chain split, but not a fork. The rest of the world would mine a chain of blocks, and Russian miners would mine a different chain of blocks. If nothing changed about the two protocols by the time communication was reestablished, then the Russian chain would simply be discarded in favor of the main chain. The other possibility is that one or both chains implement a fork which is not compatible with the other chain, and so they stay as separate coins after communication is reestablished. This could be an adjustment to the difficulty algorithm on the Russian chain, or perhaps some new upgrade on the main chain which is not reflected on the Russian chain.

Note also that it is not the length of the chains which decides which one is the main chain, but rather which one contains more work. Even if the Russians drop the difficulty massively and suddenly mine tens of thousands of blocks, the rest of the world's shorter chain would still be the main chain because it contains more work due to the higher difficulty and higher cumulative hashrate.

Add to this the reduction in russian bitcoin user base. I don't know what share they occupy in the world, but I assume that a tangible part. If people cann't use bitcoin network due to lack of technical capability, then some of these BTC will fall out of the general circulation for an unknown time. The effect on bitcoin network will definitely not be positive.