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anomalyuk's profile
anomalyuk
anomalyuk
anomalyuk
@anomalyuk

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anomalyuk

@anomalyuk

Neoreactionary. Techno-traditionalist. Breeder.

Southeast England
blog.anomalyuk.party
Joined January 2009

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    1. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @interfluidity @binarybits

      should be 3-4x BTC, given one BCC = 0.3-ish BTC. maybe there are complexities with the new blocksize? in any case, unless there’s some

      1 reply 0 retweets 0 likes
    2. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @interfluidity @binarybits

      serious bug, until difficulty adjusts, BCC block interval should be on the order of 1 hr, 10 hrs should be very unlikely.)

      1 reply 0 retweets 0 likes
    3. Timothy B. Lee‏Verified account @binarybits 2 Aug 2017
      Replying to @interfluidity

      Yes, it's confusing. But I don't understand why any self-interested miner would mine before the difficulty changes.

      1 reply 0 retweets 0 likes
    4. Timothy B. Lee‏Verified account @binarybits 2 Aug 2017
      Replying to @binarybits @interfluidity

      Since it's the same amount of work to get a BTC or a BCH, but the BTC is worth ~5x more.

      1 reply 0 retweets 0 likes
    5. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @binarybits

      but it’s not the same amount of competition. in no one else mined, your probability of actually mining the next bch block would be 1, making

      2 replies 0 retweets 0 likes
    6. Timothy B. Lee‏Verified account @binarybits 2 Aug 2017
      Replying to @interfluidity

      Your probability of mining the next block is one but the expected time to do it might be days or weeks.

      1 reply 0 retweets 1 like
    7. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @binarybits

      your expected time is the same as it wld be with BTC, if you were mining alone there. as a miner, each block is a lottery whose odds depend…

      3 replies 0 retweets 0 likes
    8. anomalyuk‏ @anomalyuk 2 Aug 2017
      Replying to @interfluidity @binarybits

      No, Tim's right. The chance of mining a block per CPU-minute is independent of the number of other miners.

      1 reply 0 retweets 0 likes
    9. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @anomalyuk @binarybits

      your chance of mining a block is independent of other miners. but your chance of successfully mining the next block and earning the block

      1 reply 0 retweets 0 likes
    10. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
      Replying to @interfluidity @anomalyuk @binarybits

      reward absolutely is not independent of other miners. your work is wasted if someone else shouts BINGO! first.

      1 reply 0 retweets 0 likes
      anomalyuk‏ @anomalyuk 2 Aug 2017
      Replying to @interfluidity @binarybits

      Why would I care if the block I mine is the *next* block? That doesn't matter to me at all.

      6:52 AM - 2 Aug 2017
      3 replies 0 retweets 0 likes
        1. New conversation
        2. Timothy B. Lee‏Verified account @binarybits 2 Aug 2017
          Replying to @anomalyuk @interfluidity

          Right. There's always another block.

          1 reply 0 retweets 0 likes
        3. anomalyuk‏ @anomalyuk 2 Aug 2017
          Replying to @binarybits @interfluidity

          Steve is right in the medium-term case, because that is what difficulty adjustment is for. But wrong in the short term.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @anomalyuk @binarybits

          no, thinking about it i think you guys are right. the work i’ve wasted on a block i fail to mine was as useless to the current block as to

          2 replies 0 retweets 2 likes
        3. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @interfluidity @anomalyuk @binarybits

          the next one. so basically, i can think of myself as mining alone at whatever the difficulty is. (how sad!)

          1 reply 0 retweets 1 like
        4. anomalyuk‏ @anomalyuk 2 Aug 2017
          Replying to @interfluidity @binarybits

          There's an chance that you will find a block that is invalidated by someone else finding at about the same time, but that's marginal effect

          1 reply 0 retweets 0 likes
        5. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @anomalyuk @binarybits

          yeah, i wasn’t trying to think through second order games about latency and connectedness in a transient fork or anything like that.

          1 reply 0 retweets 0 likes
        6. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @interfluidity @anomalyuk @binarybits

          but it brings us to @binarybits initial question: if mining is always mining alone, effectively, difficulty is identical but price is much

          1 reply 0 retweets 0 likes
        7. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @interfluidity @anomalyuk @binarybits

          higher for bch, why mine it? did the fork include accelerated difficulty adjustments, or are some bch supporting miners altruistically

          1 reply 0 retweets 0 likes
        8. Steve Randy Waldman‏ @interfluidity 2 Aug 2017
          Replying to @interfluidity @anomalyuk @binarybits

          bearing opportunity costs to support the fork?

          1 reply 0 retweets 0 likes
        9. Timothy B. Lee‏Verified account @binarybits 2 Aug 2017
          Replying to @interfluidity @anomalyuk

          I think it's the latter.

          1 reply 0 retweets 1 like
        10. 3 more replies
        1. anomalyuk‏ @anomalyuk 2 Aug 2017
          Replying to @anomalyuk @interfluidity @binarybits

          Work is wasted anyway if it didn't find a block; it doesn't accumulate.

          0 replies 0 retweets 0 likes
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