p2pool merged mining - Bitcoin Stack Exchange

[Question] For Namecoin to be able to be merged mined next to Bitcoin, did something have to be adjusted to Bitcoin or was namecoin able to implement merged mining without any "permission".

submitted by libertariandictator to Bitcoin [link] [comments]

Merged Mining: Analysis of Effects and Implications

Date: 2017-08-24
Author(s): Alexei Zamyatin, Edgar Weippl

Link to Paper


Abstract
Merged mining refers to the concept of mining more than one cryptocurrency without necessitating additional proof-of-work effort. Merged mining was introduced in 2011 as a boostrapping mechanism for new cryptocurrencies and countermeasures against the fragmentation of mining power across competing systems. Although merged mining has already been adopted by a number of cryptocurrencies, to this date little is known about the effects and implications.
In this thesis, we shed light on this topic area by performing a comprehensive analysis of merged mining in practice. As part of this analysis, we present a block attribution scheme for mining pools to assist in the evaluation of mining centralization. Our findings disclose that mining pools in merge-mined cryptocurrencies have operated at the edge of, and even beyond, the security guarantees offered by the underlying Nakamoto consensus for extended periods. We discuss the implications and security considerations for these cryptocurrencies and the mining ecosystem as a whole, and link our findings to the intended effects of merged mining.

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submitted by dj-gutz to myrXiv [link] [comments]

Flux: Revisiting Near Blocks for Proof-of-Work Blockchains

Cryptology ePrint Archive: Report 2018/415
Date: 2018-05-29
Author(s): Alexei Zamyatin∗, Nicholas Stifter, Philipp Schindler, Edgar Weippl, William J. Knottenbelt∗

Link to Paper


Abstract
The term near or weak blocks describes Bitcoin blocks whose PoW does not meet the required target difficulty to be considered valid under the regular consensus rules of the protocol. Near blocks are generally associated with protocol improvement proposals striving towards shorter transaction confirmation times. Existing proposals assume miners will act rationally based solely on intrinsic incentives arising from the adoption of these changes, such as earlier detection of blockchain forks.
In this paper we present Flux, a protocol extension for proof-of-work blockchains that leverages on near blocks, a new block reward distribution mechanism, and an improved branch selection policy to incentivize honest participation of miners. Our protocol reduces mining variance, improves the responsiveness of the underlying blockchain in terms of transaction processing, and can be deployed without conflicting modifications to the underlying base protocol as a velvet fork. We perform an initial analysis of selfish mining which suggests Flux not only provides security guarantees similar to pure Nakamoto consensus, but potentially renders selfish mining strategies less profitable.

References
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submitted by dj-gutz to myrXiv [link] [comments]

Is vertco.in's addition of merged mining with Monoacle going to affect how many Vertcoin are mined?

I want to be clear, that I have tried to understand this whole monoacle merged mining concept, but I do not. However, I have zero interest in the coin or whatever merged mining is. Vertcoin is what I want. To that end, I have been mining it on Vertco.in. Today I saw the announcement that they are going to merge mine with monoacle.
I don't want Monoacle coins, I really want nothing at all to do with them. Do I have to take them if I continue to mine with Vertco.in or should I take my 3-4 MH/s somewhere else? My concern is that by spending MH/s mining a coin I do not want I will short myself of the coin that I want. Please ELI5 that I either do or do not have something to be concerned about.
I appreciate any time you devote to this response!
submitted by curveball21 to vertcoin [link] [comments]

Petamine willing to move to P2Pool

Just received this email from Petamine.
They are willing to switch to P2Pool, which would be a big boost for P2Pool, and help decentralized mining, as well as being the first (to my knowledge) cloud service to switch. I bought PETA shares just to vote yes on this. If you own PETA shares, vote for the move to P2Pool.
Dear unit holders,
Details about this week’s dividend payout:
337.48511399 BTC in total from mining and converted NMC’s
We announced to further examine and experiment with p2pool last week. We have set up our own p2pool node ( http://pool.petamine.co:9332/static/ ) and after several days of testing we can confirm that it is running stable and are ready to direct the entire PetaMine to p2pool.
Therefore we are issuing a vote whether or not to switch to p2pool. The vote will only be valid for current unit holders and held until Wednesday, June 25th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will direct our hashrate to p2pool.
Click the link below to place your vote:
https://nl.surveymonkey.com/s/5KVLXD3
Take a look at our public p2pool node (0% fee, so you are welcome to join):
http://pool.petamine.co:9332/static/
Important issues to consider:
A small pool has much more variance, which has a direct effect on block finding and payouts. Currently p2pool has a pool hashrate of 600 TH/s, together with PetaMine the pool rate would rise to about 1.8 PetaHash. The variance of finding a block with p2pool will be much higher than our current pool ghash.io.
Our node will merge mine Namecoin but as p2pool does not support combined merged mining with other nodes, our node will solo mine Namecoins.
We look forward to your vote and to help making bitcoin mining more decentralized.
Team CryptX
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How to Setup a Vertcoin P2Pool Node on the Second Network (Windows) GlobalBoost-Y p2pool.e-pool.net bitcoin How mining Jak kopać GlobalBoost-Y Poradnik Tutorial Guide How to use p2pool - QUARK Parallaxcoin Merged Mining Demonstration A simple tutorial on how to setup a Garlicoin Mining Pool.

This bitcoin merged mining pool allows you to mine for bitcoin. The pool provides the Double Geometric Method at a 1.5% fee for the bitcoin portion of the reward. Transaction fees in mined blocks (minus the 1.5% pool fee) are awarded to the miner that found the block. Overview. Stratum protocol for mining mmpool.org:3333 or mmpool.org:3334 for high difficulty miners; DGM reward method; 1.5% ... PPS method for merged mining rewards of Namecoin, Devcoin, ixcoin, i0coin and groupcoin. Payout available as soon as a block is found for bitcoin and immediately a share is submitted for the merge mined coins. No waiting for 120 confirmations. Transaction fees paid to miner that found a block. Extra Features. Stratum support with merge mining NOTE: This standard is used by Namecoin, but new merged mining data should likely propose a new BIP to supercede it with something based on p2pool's merged mining. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Sign up to join this community. Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top Bitcoin . Home ; Questions ; Tags ; Users ; Jobs; Unanswered ; p2pool merged mining. Ask Question Asked 6 years, 3 months ago. Active 4 ... I want to do merged mining with P2Pool, and I want any generated namecoins to go to a specific namecoin address in my wallet. I haven't seen a way to configure this in P2Pool or namecoind, and Google's turned up no hits. It seems as though it's either too obvious for anybody to mention in any guides, or like I'm the only one who wants to do ...

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How to Setup a Vertcoin P2Pool Node on the Second Network (Windows)

p2pool node setup with merged mining - Duration: 12:42. Kiefff RC 2,912 views. 12:42 . Loki, How To Mine With Your CPU & GPU - Duration: 10:46. Crypto Explorer 9,439 views. 10:46. How easy it is ... Merged Mining Guide BitcoinMono (BTCM) + TurtleCoin (TRTL) with JCE CPU Miner Specifications Name: BitcoinMono Ticker: BTCM Algorithm: CryptoNight-Turtle Web... How to setup p2pool jtoomim 1mb_segwit LTC node. p2pool install written by Jtoomim https://forum.bitcoin.com/pools/p2pool-decentralized-dos-resistant-trustle... BitCoin For Beginners - POOLS - Top 3 Mining Pools - Trading and Exchanging - Part 3 1/2 - Duration: 8:23. MrJayBusch 185,831 views. 8:23. Electronic Restoration- 1947 Belmont Radio Receiver 5D128 ... How to connect to p2pool for Quark mining. - sorry for crappy audio -

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