Just as an aside to this lengthy convo, the Cryptonote-based BCN recently had some interesting updates which made it easier for ordinary computers (nothing special) to handle it.
I realize that's not Bitcoin, but I thought I'd throw it out there. > Thanks Mike. > > Indeed, I am aware of current approach, which is why I was suggesting > this as an alternative. > I haven't thought about it enough, and perhaps it was too radical a > rethinking - just wanted to see what the smarter minds thought. > > Thanks again. > > -Randi > > On 7/5/14, 4:43 AM, Mike Hearn wrote: >> >> Is it possible instead to allocate a portion of the reward to " a # >> of >> runner up(s)" even though the runner-up(s) block will be orphaned? >> >> >> There's really no concept of a "runner up" because hashing is progress >> free. It's unintuitive and often trips people up. There's no concept >> that everyone is 95% of the way to finding a solution and then someone >> pips you to the post. It's more like playing the lottery over and over >> again. Doesn't matter how many times you did it before, the next time >> your chances are the same. >> >> A better concept is of rewarding "near miss" solutions which is what >> we already do of course, via pools, which pay you for shares which >> don't quite meet the difficulty target but almost do. So the question >> is how can we implement pools which have this reward structure (which >> obviously works well) without miners simultaneously giving up their >> right to block creation either due to technical problems or sheer >> lazyness. > > ------------------------------------------------------------------------------ > Open source business process management suite built on Java and Eclipse > Turn processes into business applications with Bonita BPM Community > Edition > Quickly connect people, data, and systems into organized workflows > Winner of BOSSIE, CODIE, OW2 and Gartner awards > http://p.sf.net/sfu/Bonitasoft_______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > ------------------------------------------------------------------------------ Open source business process management suite built on Java and Eclipse Turn processes into business applications with Bonita BPM Community Edition Quickly connect people, data, and systems into organized workflows Winner of BOSSIE, CODIE, OW2 and Gartner awards http://p.sf.net/sfu/Bonitasoft _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
