From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 6470BD93 for ; Thu, 18 Jan 2018 16:25:19 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-wm0-f46.google.com (mail-wm0-f46.google.com [74.125.82.46]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id D569A47C for ; Thu, 18 Jan 2018 16:25:18 +0000 (UTC) Received: by mail-wm0-f46.google.com with SMTP id i11so23941436wmf.4 for ; Thu, 18 Jan 2018 08:25:18 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:in-reply-to:references:from:date:message-id:subject:to; bh=3w9TocabI18SA6L4e70q7FSJ6kNSWau9VvvrPvi+4GY=; b=taucIccRl+nlChrZIO0Kq2/xrUCYejbHVqr+P7kzh7AfBtBSmAx0nFN1cYOvLzxI0y EeplAVkWs+heH1vPluYWKcBVZpj21A5yvyiLU2WW8YE9hDUsR7zVjH5S3kusXjX7uLvi bu1nBwWEAqq63/JMXIgX0sW1BEPbpf1/cYGR/W9zYspzP4R6yo0Wi56bvvz5wIsg2+BI soImjN90+wBWOyBiuRFXdjddBgcTuiUhFsL/EMtTkWYMVSlF6R5sOzQlKMFupVih1MoQ 2sJ5jsXZvrSjzU/2nB6PH//SYzYMxE9h86DEjJW1a6/58QET3jqxCAgzVHSjR3KOIt61 LrvQ== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:in-reply-to:references:from:date :message-id:subject:to; bh=3w9TocabI18SA6L4e70q7FSJ6kNSWau9VvvrPvi+4GY=; b=PO0j48yrxA8NTBR1sg/ddqokzdMSjP01FhU0zN+GSkI6lXd9coQRFsCdGxKkN9idui xDWNtzoYlftmmRjf4+3lWRo/rC8Tbcd7vepwmxYZtzigXNvwV6VRt4h37OBa/EPHbJvG x2fJO1WlPHRYP3r4KI8kBSYcQHM4z9nKWkvUaBAclPH0DuBN2Iei97xbHKQ1DCGR/xx4 nHSL7LwGB62+PQumNAUj/J91IKvqDSXe9LtjU/ApRJ9m6mgXCh8mTtDjOaHpInV0AcSa 4MsSLWdRu9c6BO078Ir44DIDK8oxzx99MQ3g3YkMi4aEZhX2fIAcXdMSq+K5hdsWemyh D/1Q== X-Gm-Message-State: AKwxytf5ne6Qfs0glJqm0Ah0EqisH/LKjcg/qAH4YjUvWgUkKEaqYRax 8lSH4aOouNAU91jvRmHiP214ZNeZGtrGS5JofeU= X-Google-Smtp-Source: ACJfBou+u3TF61QQW32fdALGs5E/T0X2dku/vwouqk58aQHSZ6g3n3p4cU8wy39n4h/0o3vrMnrU7W5fD+cr2CzyzGs= X-Received: by 10.80.148.16 with SMTP id p16mr8798849eda.68.1516292717448; Thu, 18 Jan 2018 08:25:17 -0800 (PST) MIME-Version: 1.0 Received: by 10.80.176.3 with HTTP; Thu, 18 Jan 2018 08:25:16 -0800 (PST) Received: by 10.80.176.3 with HTTP; Thu, 18 Jan 2018 08:25:16 -0800 (PST) In-Reply-To: References: From: Natanael Date: Thu, 18 Jan 2018 17:25:16 +0100 Message-ID: To: =?UTF-8?Q?Enrique_Ariz=C3=B3n_Benito?= , Bitcoin Dev Content-Type: multipart/alternative; boundary="f403045c2136cc9ea905630f68dd" X-Spam-Status: No, score=-2.0 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Proposal to reduce mining power bill X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 18 Jan 2018 16:25:19 -0000 --f403045c2136cc9ea905630f68dd Content-Type: text/plain; charset="UTF-8" A large miner would only need to divide his hardware setup into clusters that pretend to be different independent miners to create these "miner tokens", as explained before, to significantly raise his chances that he on nearly every single round would be able to mine. Once each individual token is about the expire, the number just dedicates a fraction of his mining power to renew it. At the same time he can even create multiple new tokens given enough hardware. This does not reduce energy use. The only notable effect is to delay income for new miners. This makes profitability calculations more annoying. Long term, it only behaves like an artificially raised difficulty target. --f403045c2136cc9ea905630f68dd Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
A large miner would only = need to divide his hardware setup into clusters that pretend to be differen= t independent miners to create these "miner tokens", as explained= before, to significantly raise his chances that he on nearly every single = round would be able to mine.

Once each individual= token is about the expire, the number just dedicates a fraction of his=C2= =A0 mining power to renew it. At the same time he can even create multiple = new tokens given enough hardware.=C2=A0

This does not r= educe energy use. The only notable effect is to delay income for new miners= . This makes profitability calculations more annoying.

= Long term, it only behaves like an artificially raised difficulty target.= =C2=A0
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