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  <entry>
    <id>https://nostr.ae/nevent1qqsv298grtv0wkks7d3wlh8tv4yrajhqs48sqypxd6sc6fa7tvz2dkgzyr5kl8wg7a8tycyw7srfcune7vh0w82lg9w3nu9fe0u4zfeyt5zgvn3sm0h</id>
    
      <title type="html">📅 Original date posted:2017-04-08 📝 Original message:Jimmy, ...</title>
    
    <link rel="alternate" href="https://nostr.ae/nevent1qqsv298grtv0wkks7d3wlh8tv4yrajhqs48sqypxd6sc6fa7tvz2dkgzyr5kl8wg7a8tycyw7srfcune7vh0w82lg9w3nu9fe0u4zfeyt5zgvn3sm0h" />
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      In reply to &lt;a href=&#39;/nevent1qqs9gch3vj5r45vm7ecxsyyl69zkvk3xf2mkuduqj32r0qeqzvu35wcnkh59g&#39;&gt;nevent1q…h59g&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;📅 Original date posted:2017-04-08&lt;br/&gt;📝 Original message:Jimmy,&lt;br/&gt;&lt;br/&gt;&amp;gt;&amp;gt; Until all miners update (firmware or hardware), the change encourages&lt;br/&gt;&amp;gt;&amp;gt; large difference in mining efficiency. And IMO it gives another&lt;br/&gt;&amp;gt;&amp;gt; advantage to large mining operations in general.&lt;br/&gt;&amp;gt;&lt;br/&gt;&amp;gt; Certainly, there would have to be changes for stratum, pool software, etc.&lt;br/&gt;&amp;gt; But the monetary incentives align to all the changes needed.&lt;br/&gt;&lt;br/&gt;I agree. I only wanted to make clear, that the impact would be&lt;br/&gt;significant. Lot of parties would be involved with nonequivalent&lt;br/&gt;starting positions.&lt;br/&gt;&lt;br/&gt;&amp;gt; Remember, overt ASICBoost can get something like a 12.5% efficiency boost&lt;br/&gt;&amp;gt; from toggling a single bit in the version (equivalent to 2 colliding work&lt;br/&gt;&amp;gt; items), 18.5% from 2 bits (equivalent to 4 colliding work items), 23.4% from&lt;br/&gt;&amp;gt; 4 bits (see &lt;a href=&#34;https://arxiv.org/ftp/arxiv/papers/1604/1604.00575.pdf&#34;&gt;https://arxiv.org/ftp/arxiv/papers/1604/1604.00575.pdf&lt;/a&gt;). In lieu&lt;br/&gt;&amp;gt; of an explicit allowance of overt ASICBoost, the monetary incentives lead to&lt;br/&gt;&amp;gt; odd BIP9 signaling, especially if 4 or more proposals signal at once. There&lt;br/&gt;&amp;gt; really isn&amp;#39;t a practical way to block overt ASICBoost without forcing the&lt;br/&gt;&amp;gt; version bits to be some value.&lt;br/&gt;&lt;br/&gt;You can e.g. place the version number into a coinbase, similarly to&lt;br/&gt;block height. Then, it is the same (number of operations) as modifying&lt;br/&gt;the coinbase directly.&lt;br/&gt;&lt;br/&gt;A cost of version in coinbase is 4B per block, sure, but it allows to&lt;br/&gt;save all bits for &amp;#34;more useful&amp;#34; purposes. Either for BIP9 signalling&lt;br/&gt;or other future purposes I cannot see now. And it removes an incentive&lt;br/&gt;to mess with version bits.&lt;br/&gt;&lt;br/&gt;Mining empty blocks and finding collisions by toggling bits there can&lt;br/&gt;be prevented as well.&lt;br/&gt;&lt;br/&gt;&amp;gt; In other words, the question isn&amp;#39;t about allowing/disallowing ASICBoost at&lt;br/&gt;&amp;gt; this point. The question is whether we want ASICBoost open or hidden.&lt;br/&gt;&lt;br/&gt;I think the ASICBoost can and should be prevented completely.&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;Pavel
    </content>
    <updated>2023-06-07T17:59:48Z</updated>
  </entry>

  <entry>
    <id>https://nostr.ae/nevent1qqs8vzucgjzyragfdv06syr4c8x465ak36dvsyulgezcnk22n0meqlczyr5kl8wg7a8tycyw7srfcune7vh0w82lg9w3nu9fe0u4zfeyt5zgv37k0c0</id>
    
      <title type="html">📅 Original date posted:2017-04-08 📝 Original message:&amp;gt; ...</title>
    
    <link rel="alternate" href="https://nostr.ae/nevent1qqs8vzucgjzyragfdv06syr4c8x465ak36dvsyulgezcnk22n0meqlczyr5kl8wg7a8tycyw7srfcune7vh0w82lg9w3nu9fe0u4zfeyt5zgv37k0c0" />
    <content type="html">
      In reply to &lt;a href=&#39;/nevent1qqsfzwvmqqgnv845888arsv7q4rwlwst0egnfgesehavvxhlh78hvtgyyqvhw&#39;&gt;nevent1q…qvhw&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;📅 Original date posted:2017-04-08&lt;br/&gt;📝 Original message:&amp;gt; Second, we can make this change relatively quickly. Most of the Segwit testing stays valid and this change can be deployed relatively quickly.&lt;br/&gt;&lt;br/&gt;It is true only for nodes software. Most of the world&amp;#39;s mining&lt;br/&gt;infrastructure (at least for pool mining) is not ready for such&lt;br/&gt;change. Current version of Stratum protocol doesn&amp;#39;t support block&lt;br/&gt;version changing. A broad adoption would require:&lt;br/&gt;&lt;br/&gt;- A new standard extension to the mining protocol (generally, we want&lt;br/&gt;the hash rate to be free to change the used pool without efficiency&lt;br/&gt;loss)&lt;br/&gt;- Pool operators must change their software.&lt;br/&gt;- All miners must update their firmware IF they have compatible&lt;br/&gt;hardware (we know there is compatible hardware out there but&lt;br/&gt;definitely not all of the currently used). The firmware can be changed&lt;br/&gt;after the mining protocol extension is settled.&lt;br/&gt;&lt;br/&gt;Until all miners update (firmware or hardware), the change encourages&lt;br/&gt;large difference in mining efficiency. And IMO it gives another&lt;br/&gt;advantage to large mining operations in general.&lt;br/&gt;&lt;br/&gt;&amp;gt; But think of it this way, if some newer ASIC optimization comes up, would you rather have a non-ASICBoosted hash rate to defend with or an ASICBoosted hash rate? Certainly, the latter, being higher will secure the Bitcoin network better against newer optimizations.&lt;br/&gt;&lt;br/&gt;You make a strong assumption that the new optimization is not&lt;br/&gt;compatible with overt ASICBoost. If it is compatible, ASICBoost&lt;br/&gt;doesn&amp;#39;t help you with &amp;#34;defending against&amp;#34; the new optimization at all.&lt;br/&gt;And it can be the case that the new optimization is based on ASICBoost&lt;br/&gt;so you can make the situation &amp;#34;worse&amp;#34; by allowing it.&lt;br/&gt;&lt;br/&gt;&amp;gt; Certainly, if only one company made use of the extra nonce space, they would have an advantage.&lt;br/&gt;&lt;br/&gt;Can you explain why the reality should be significantly different? In&lt;br/&gt;sufficiently near future.&lt;br/&gt;&lt;br/&gt;&amp;gt; Is that patented in any jurisdiction, all jurisdictions or only certain jurisdictions? Would a patent granted for SHA256 in Swaziland be sufficient for Bitcoin to change the Proof of Work algorithm?&lt;br/&gt;&lt;br/&gt;We don&amp;#39;t have to deal with any such theoretical situation now. You&lt;br/&gt;proposal goes in opposite direction, by adding support for patented&lt;br/&gt;algorithm. I don&amp;#39;t know myself what the possible legal implications&lt;br/&gt;are (maybe only for a subset of miners) so I consider it as an&lt;br/&gt;unnecessary risk. At least before some conclusive legal analysis says&lt;br/&gt;differently.
    </content>
    <updated>2023-06-07T17:59:47Z</updated>
  </entry>

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