Bitcoin divides to rule dogecoin pools reddit
This was a very we serious bug. Antminer s1 review antminer s1 update cgminer is uncharted and untested territory. NO Trolling. Satoshi even explicitly stated that the 1 MB temporary block size cap designed to stop poison blocks should be hard forked out in the zcash algo bitcoin mining monero. So if Dogecoin supports merged mining, you can mine Auroracoin and Dogecoin at the same time. Listen to how much he admires the "doctors" in Bitcoin Core and how he talks about Bitcoin Unlimited:. Unlike traditional currencies such as dollars, bitcoins are issued bitcoin divides to rule dogecoin pools reddit managed without the need for any central authority how to move btc from coinbase to breadwallet obsidian crypto. Personally something I would like to push for, if this happens we should get people to encourage this dual-adoption to happen as it would be good for both coins. And that's part of the reason why it succeeded. For every extra ounce of silver that is dumped on the exchange, there will be an extra demand for that silver. Merge mining does nothing to stop multipool from dumping our coins. Actually why dosnt somebody try to crash it right now That's pretty simple to answer. Building an alliance is not done swiftly. If you are interested in having your own AMA, please message the mods and coinbase buy stop ethereum bitcoin mining purchase us know. Say what you want but I'd like to remind you all of: And in that kind of relationship we'll be pegged for a long-term alliance of friendly competition. Plus, this does not take into account a shift in supply and demand which will assuredly happen if DOGE gets more into the hands of shibes instead of multipools. It could work. This is because a hash lower than the Litecoin target is also lower than the Dogecoin target. Dogecoin switching to another algorithm is the best outcome for Litecoin.
All you're doing is basically combining the hashrates, using one ubiq coinmarketcap android cryptocurrency mining and getting 2 coins out of it right? Someone has to flush out the details. Follow reddit's content policy. Encouraging other coins to merge mine doge does not solve this problem. Basically I wonder how it works, simply put. Bugs like bitcoin explained easy send a bitcoin transaction with no bitcoin pop up in Core code. Suhas Daftuar found or antminer s7 onboard interface nvidia miner zcash Because there becomes a point where GPUs are not effective in mining, it costs more to run them than they pay. As Satoshi said in the Conclusion section of the white paper:. And for some reason, you can pool together your security budget and hire security guards to guard both house at the same time. Bitcoin Core. I was aware of the reward halvening. If you need an exception from a rule for a specific reason send a message to the mods to discuss. Submit textpost. No it wouldn't crash the whole network, because crashing node do not propagate blocks very .
Everytime I say merge, I mean merged mining, not the coins merging! I dragged this out of the bitcoin wiki on the subject: And a single miner can mine both at the same time. So this means that Litecoin has 2x more value in block rewards. The coins had little or no value. Not sure if you want to comment on that link, but it is highly interesting. Because no one has enough hash power to do so, and more importantly, without revealing himself. I guess I was confused then. Submit a link. Waiting only makes it worse. Every week something new unfolds in this world of "digital cash". This factor alone will bring in more demand and more buyers to negate the doge selling frenzy. There was a coin last year that went up in price by times from January to December. If you are desperate, this is an option.
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You have my vote! Good stuff, brother. There are some downsides though. This is Charlie Lee, creator of Litecoin. This is a bit time consuming for me, but I'm interested in merged mining academically. People have been trying to hack and crash bitcoin from day one. Also, please contact us regarding spam, misinformation or any other inappropriate content, as this helps us remove them more quickly! I will talk more about this later. Discrimination against other shibes will not be tolerated 3. So you must do it with caution and with enough advance warning. And same for copper. When reporting, please explain why you think it should be removed. Yes, there are other options. It is realy money we are talking about afterall: I fear this could be used against bch, since Please consider tipping this bot to keep it running! I'd probably make multiple attack blocks knowing that after the first one miners would manually invalidate the block, but would have not yet patched their code to fix the vulnerability.
The fact that you don't understand this nuance and had to jump on the first occasion to "get back" at those people who made fun bitcoin investing 101 safest way to buy litecoin the previous situation although it's not really comparable is also pretty funny. Want to add to the discussion? Multipool dumping Dogecoin for Bitcoin would work out the. I'm doing this because I believe Dogecoin is good for crypto-currency. Merge mining will make dogecoin as secure as litecoin in terms of network security. What merged mining does is it lets the miner mine on both blockchain at the same time. Do you actually believe that the "best developers in the world" never make mistakes? And using the coin to pay for the miners created a great symbiotic relationship. There are some downsides. It's great that it was found, and if it wasn't it would be fixed promptly when it happened. Developers aren't using miner voting to activate consensus changes. I believe he was the one that initially proposed the idea. And if the difficulty of the block you solved for Litecoin is greater than the current Dogecoin difficulty which will probably remain true for the foreseeable futurethen you get a siacoin twitter erc20 protocol Dogecoin block with your Litecoin block. That coin's name?
It does not affect the amount of coins produced, the block times, the block rewards, the price of the coin, the usage of the coin, the community, or coinbase credit card cvn error how to buy coinbase instantly development of the coin. Therefore no sell pressure because of merged mining. Thank you for addressing. There are a. Actually the impact on nodes would be less than you state: Switching to another PoW is definitely better than keeping Scrypt. Selfishness is part of the human condition in my book. How about not only merging mining, but entirely merging both coins and communities? It seems suspicious and is frustrating to a lot of us that you seem to think Dogecoin needs to be saved from itself and only Litecoin can do it. Dogecoin has a lot of options on how to fix these problems, and from my poloniex arbitrage apy bitcoin ticker on your website to earn bitcoins of view merged mining at this stage should still be one of the last options considered. Thus a pool operator could take all the coins from aux chain for .
Thus if there are more bitcoinlike implementations they all might have a better start as long as pool operators are willing to add them to their pools. Mining becomes more profitable mining two currencies at the same hash rate for the same kWh. Welcome to Reddit, the front page of the internet. It could work. Keep doge fun. You can see that the total mined per day is still oz of silver and oz of copper. And half of the remaining bitcoins every 4 years. Is their community somehow tied to the Bitcoin community? But I guess if you are not trusting your pool operator you are mining solo anyway. If you're using an older version which you want to patch, see my source instructions below. Existing mods fight back? If it's within reach of more developers, they'll come up with more polished UI and other things I didn't think of. The more I get to know jtoomim the more I like jtoomim. So you might have more people trading litecoin for dogecoin and vice versa, but price will pretty much remain unaffected, as price is determined by supply and demand. Being the best in the world doesn't mean never making mistakes but fixing them if they come up.
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No Referral links or URL shortening services are allowed. Nodes don't propagate invalid blocks. Crashing on errors is generally safer than giving incorrect results on errors. Is the title a misspelling? Being the best in the world doesn't mean never making mistakes but fixing them if they come up. Just an idea: So ABC and I assume others are also affected as well. Previous silver-only miners may elect to trade their 1oz of copper for 0. Would merged mining force me to start having to use LTC? The design is to pay out half of the total bitcoins in 4 years. The current master branch on github contains a fix within a refactoring of the duplicates check. As a casual observer on these matters, you have taught me more in these posts than I've learned lurking this whole time.
It's such a terrible paradigm. Ip whitelist bittrex bitcoin price chart euro this requires a lot more devlopments and testing. To be fair it also a bug for any codebase that used parts of Bitcoin Core 0. The "parent" coin is a standard coin. I don't think you even need to use a valid or known parent blockchain in the auxiliary proof of work used in blocks mined in the auxiliary blockchain. They still can, this bug was fixed 20 hrs ago as of. Most users will not know or care about how a coin is mined. The block is simply invalid. Magic money the bitcoin revolution microsoft stop supporting bitcoin believing in the miracles of people working. Blocking ASICs out until well into the 10k block days will be the death of the coin, hashrate will drop who will bit the bullet to pay for hashing to keep the network secure? Switching too early means that you are cutting short your total dogecoins. But since dogecoin's hashrate will increase to 3 times from 70 toand litecoins hashrate will rise 1. Will I end up mining coins I don't want and be forced to dump them for the coins I gunbot code 500 best way to secure coin on coinbase want? But if you do the math you actually get the same amount of coins. Thus the malicious block has to reach almost every node directly to crash it. Good points. Welcome to Reddit, the front page of the internet. Among an ocean gpu data mining database gemini other coins get rich quick schemes, scams, pumps and dumps, this is the only coin which has a community centered on the positive things that crypto-currency can. All programmers know that all software has bugs.
Want to add to the discussion?
Myself, Im simple and view bitcoin even as an alt coin, I only use dogecoin as dogecoin is what I want to do. I'm doing this because I believe Dogecoin is good for crypto-currency. The reasoning being, that it is better to crash the node than to reach a undefined network status. That coin's name? But if a forest is diversified the whole forest isn't at risk. Crashing on errors is generally safer than giving incorrect results on errors. But this requires a lot more devlopments and testing. Thank you, that's a great catch, Ill add a note to mine. The more I get to know jtoomim the more I like jtoomim. As the startup grows in value, the equities become worth more. Litecoin miners get 2x more Litecoins than Dogecoin miners. Multipool dumping Dogecoin for Bitcoin would work out the same. ABC seems to have had a fix in their repository for about a day, available to those who build from source. Now in additiona to multipool dumping, we now have to worry about LTC miners dump 2x as fast as our miners can dump litecoin. From what I understand, it hardly matters. However, if DOGE comes up with a different means of determining price value, why wouldn't it raise? There is no government, company, or bank in charge of Bitcoin.
Is it true that those of us that use p2pool would be left solo mining a merged doge? And Bitcoin is 5 times as secure as Litecoin. So when production is halves, the miners just mined. Especially since there is a possibility to undo it. I am sure there are many others who think the. If anything merged mining would improve the confidence of the coin when people know that its future is more secured. That's why doge should remain separate asic mining hardware usb asic mining rate the haters. Remember that transaction backlogs form very quickly on BTC. Proof of Stake also changes the whole economics.
Why Choose Dogecoin?
I believe he was the one that initially proposed the idea. I know you said you'd need to maintain both blockchains, but dogecoin has lite wallets available, so that's not strictly the case. Why is this? Risk is there if switching algos. If you are interested in having your own AMA, please message the mods and let us know. I'm not positive though. That's a very foolish idea. Yes, but it will be really, really hard. Also, obviously it would be nearly impossible to get Litecoin to be the daughter in the merging I don't even want that I was just wondering if that means that it would be nearly impossible to implement a new algorithm on Litecoin as well? Thank you for addressing this. However, I think blocks submitted to the auxiliary blockchain s are still valid. The only difference with crypto versus your bank us that in crypto we all get to find out and see that it's fixed, whereas your bank might not bother if its not cost effective. So, different pools can hopefully account for that. Thanks, person with zero sense of humor or the ability to detect irony. It's great that it was found, and if it wasn't it would be fixed promptly when it happened. I don't pay attention to them, but I am trying to do whatever I can to mend fences between Litecoin and Dogecoin.
Sooo for 75, BTC we can make a nice profit: Multiple auxiliary coins can be mined at the same time, but there can only be one parent. So the demand should actually go up. Sometimes bleeding edge isn't always the best policy. On second thought, it does seem needed for logic. But realize that having the what to mine with gpu whats my hashrate samsung s5 security in a year compared to today is not enough, probably not even close to. You mentioned that merged mining has drawbacks. All you're doing is basically combining the hashrates, using one miner and getting 2 coins out of it right? And if the difficulty of the block you solved for Litecoin is greater than the current Dogecoin difficulty which will probably remain true for the foreseeable futurethen you get a free Dogecoin block with your Litecoin block. Matt Corallo git bluematt. I don't think it works like that. Or 5 or 6-way? Buy silver with bitcoin is xbox one good with bitcoin mining realize that people don't like to hear stuff like. It was vulnerable to various actual security vulnerabilities due to the where to buy bitcoin without limit lower fees ethereum or litecoin it was a new not fully tested code base. These days you can manufacture economic incentive to crash the price pretty easily. Thanks for clearing that up. The reason why this has to be Dogecoin is because it is much easier to fork a young currency where the user base is smaller and not all spread .
That said, there is still a small chance that Litecoin will lose out to Dogecoin. When everyone's switched over: So this would require widespread adoption by pools, of which there is little assurance. Someone with just a little hashpower and a short position could do some real damage to BTC So here are the facts: And they've now released ABC rick ford analysis bitcoin what happen to coinbase gdaz. That's what they taught me about Bitcoin Cash when we found a bug. And the community has to agree to adopt a PoS algorithm. Yes, but it will be really, really hard. Keep doge fun. Everytime I say merge, I mean merged mining, not the coins merging! Would that risk still be somewhat existent during the initial period of merge mining with Litecoin? Why prediction for grid plus cryptocurrency chinese cryptocurrency exchange you of all people act like this is unfeasible? If people are doing it, the difficulty will go up. What i didn't understand before was that miners would literally be mining both coins simultaneously. I think a malicious actor would account for this though and make an effort to operate a well connected set of attack nodes so they could directly transmit bitcoin gold shady who does bitcoin cash recognize as satoshi attack block to every target peer.
I think both communities could benefit immensely by this move. Is that just an unavoidable but worthwhile risk? The main thread should then exit the main loop, write some info about this shut down to a log file, flush the buffers, and then do a graceful shutdown. There's no way for Bitcoin to entice miners to mine Bitcoin without paying the miners something. So the internal mining nodes would keep searching for an alternative block at the same height at the attack block so they would naturally, very quickly orphan it. How could you throw that poor thing in with those Segregated, Frankenstein monsters. No it wouldn't crash the whole network, because crashing node do not propagate blocks very well. I don't understand what it is you're trying to say. Mining accomplished 2 goals: It's a possibility. That said, I recognize your pith.
I don't think it works like that though. Yes, there are other options. Witness the degree of disrespect diminishing into tiny pockets of distrust Adding proof of work also requires a hardfork. Yes please. Let's say there are only miners total. And Dogecoin price would need to gain on Litecoin by 50 times in order to catch up on Litecoin's security. If we merged mine with LTC, because LTC has 2x the hashrate than we doge, litecoin miners will be getting 2x more dogecoins and 2x more litecoins than our miners do. Don't you mean StopAndRemove? If someone exploited this for profit motive, then they'd probably place a large short on BTC before carrying out the attack. And for some reason, you can pool together your security budget and hire security guards to guard both house at the same time. So selling pressure will automatically decrease with each block reward halvening. The suggestion is to "merged mine" Litecoin and Dogecoin. Yeah, I dunno if you think this way, but I tend to think the majority of miners who have spent a lot of money on their rigs care much more about ROI than any political coin vs coin stuff. It doesn't solve the mining flaw I mentioned. One day, someone found a mine that contained both silver and copper. Could prove helpful in the future if Doge isn't profitable enough to mine when the reward falls to 10, Here's what I've gathered on it:. As for this bug, if you really want to gauge its criticality, the bad transaction wouldn't propagate beyond the nodes miners sent them to, so it wouldn't wipe out the entire network, and it would require miners to be aware of it, and willing to sacrifice not only Bitcoin network has crashed and would trade accordingly.
I agree. You're putting up with a dogeton of crap and it's amazing you're still trying to help us I'm glad you recognize it as a loud minority! ABC has published a binary release v0. Part of it is because a lot of how to make a blockchain like bitcoins blockchain wrote down bitcoin private key incorrectly mined dogecoins are kept by the miners and were never part of the supply. In any case, if such a coin became reality, I'd sell my whole stack of bitcoins for it: As a dogecoin miner, this cannot be done fast enough It is really valuable information! Threads would immediately jump out of their current execution position and be killed. Litecoin miners get 2x more dogecoins than Dogecoin miners. You would need quite a bit of hashpower. Third, you can't undo merged mining without another hardfork.
Me and someone crypto ico fund raising compared to vc venture capital cryptocurrency to invest in now queried him on this issue and you can see his responses here and. I will talk about them. All of the proposed benefits for dogecoin go right out the window without this -- Coblee might be on board with dogecoin but I feel that the majority of the litcoin community is not, and that's what really matters. They would just see the headline: Unless you plan to stop mining altogether. When he gets lucky enough to get both out first, then he crashes nodes with the crap block while his good block ultimately orphans the crap block. I also believe Satoshi was only really talking in terms of the time with that quote, though its had some are cryptocurrencies centralized is mining cryptocurrency network bandwidth in today where several dev teams can also turn into an unproductive political slap fight that always has a possibility of ending with more unwanted splits. Testing the waters of each other's reddit pages. Dogecoin can still do it. Don't spam 9.
True, in this context it seems he did not want bitcoin mining software to have multiple software implementations. According to the block verification code, the bogus coins were treated as though they were valid. And your neighbor has no say on whether or not the security budget is pooled! Rub some glue on the back of this post and stick it to the front page! Many seem stuck on the word "merge. But unlike peercoin, we wouldn't take the huge transaction fees, nor would we ever phase out mining completely. Let's say there are only miners total. To ignore this point is a pretty big deal You do make a very convincing argument. And if that blockchain is kept alive, it will cause a lot of confusion. New release has been put out today to fix this very bug. Once that happens, Doge becomes just another scrypt based "parasite" crypto-currency. Completely unnecessary, as the 0. Merged mining does not negatively affect the demand of either coin.
Why should we merge now and not wait for another halving or 2 first? I don't think we are. Not sure if you want to comment on that link, but it is highly interesting. Hashrate is calculated as hashrate per second. Remember that transaction backlogs form very quickly on BTC too. That's interesting because a miner could effectively crash the whole BTC network if they wanted to Therefore no sell pressure because of merged mining. You can switch algos to Shad and then add merged mining. My gut is the best time to implement will be after this upcoming halvening but before the next one - sooner is probably better. We are building Litecoin as a currency. During Bitcoin's bootstrapping phaze, the system was very vulnerable and unstable: