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March 24, 2022, 10:55:45 AM |
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Hi all,
Beginner question, not exactly on Bitcoin itself, but on the interaction between nodes and new block hashes found:
When I see "Block hash changed to 000...xyz" ... in order for that to be acknowledged by, say, cgminer: what needs to happen? Is there a way to see it any faster, so I have a (minute) time advantage?
- Of course, a block was mined then this ("Block hash changed to 000...xyz") marks the start of a new block to be mined
* But how does that new block hash gets acknowledged by the pool?
I've heard that going completely solo mining, including your own Bitcoin core node, is a bad idea because your node may not be well connected to other nodes. But I don't think that's true if you have fast internet. I think that might apply to the Lightning network (who connects to your node) but for Bitcoin core, does the same logic apply?
The nodes will confirm the new block, so if you own 1,000 nodes and they are all connected to fast internet, is that any better than 1 node also connected to equally fast internet? I don't think so, but I could be wrong.
If I'm wrong, how many nodes and what do I need to be competitive on my own (besides the miners), just on the Bitcoin node requirements? Just fast internet?
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