[bitcoin-dev] Multi-hash mining with Bitcoin holder voting

[bitcoin-dev] Multi-hash mining with Bitcoin holder voting

[Nathan Cook]

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Further to recent posts to this list concerning mining with more than one
hash function, Adam Perlow and me have a (longish) proposal/analysis on
combining multi-hash with bitcoin stake voting on what the mix of hashes
should be. Two novelties are:

* Targeting a ratio of blocks mined under each hash function, in a similar
way to difficulty targeting.
* Analysis of voting on this ratio in terms of "voting on a simplex", using
extant research to choose a good method of doing so.

One point about mining under multiple hashes is that it offers existing
miners a way back in after a contentious hard fork. Shame to waste all that
hardware…

Read at
http://topynate.net/wp-content/uploads/2017/03/proportionateresponse.pdf
(archived at http://www.webcitation.org/6pEZLlZoW)
Nathan Cook

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