Bitcoin Forum
October 16, 2017, 10:43:38 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: When Luck laughs in face...  (Read 2490 times)
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
August 19, 2013, 03:43:15 PM
 #1



6 blocks were found withing half an hour... just to wait more than a whole hour to find the 7th one.
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
1508193818
Hero Member
*
Offline Offline

Posts: 1508193818

View Profile Personal Message (Offline)

Ignore
1508193818
Reply with quote  #2

1508193818
Report to moderator
glassuser
Donator
Sr. Member
*
Offline Offline

Activity: 378


Co-Founder and CEO of Coingig.com


View Profile WWW
August 19, 2013, 11:05:50 PM
 #2

hmm...how come?

WinVery.com
Full Member
***
Offline Offline

Activity: 239


Winvery Casino


View Profile WWW
August 20, 2013, 04:46:30 AM
 #3

That looks like what flux would do.

Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
September 21, 2013, 05:54:12 PM
 #4

Another interesting screenshot:

Snail2
Legendary
*
Offline Offline

Activity: 1274



View Profile
September 22, 2013, 05:14:15 PM
 #5

Smiley Looks good.
infobiactrader
Member
**
Offline Offline

Activity: 88



View Profile
September 22, 2013, 09:10:35 PM
 #6

This is actually one of the few annoyances I have with btc.  It always seems that when I choose to send some coins is the time when blocks won't be found for at least another 20 minutes.  Must just be my terrible luck.

Bitrated user: christophe.
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
September 22, 2013, 09:14:08 PM
 #7

This is actually one of the few annoyances I have with btc.  It always seems that when I choose to send some coins is the time when blocks won't be found for at least another 20 minutes.  Must just be my terrible luck.

Ur luck is not so terrible Smiley. I recall 2 times when I had to wait an hour for a next block.
beeblebrox
Member
**
Offline Offline

Activity: 117


View Profile
September 22, 2013, 09:46:34 PM
 #8

It would have been very easy to significantly reduce the variation in block times when bitcoin was designed.  All Satoshi had to do was require that multiple hashes were to be found by the miner per block.  eg:  if each miner had to find 50 hashes that met the difficulty target per block then the block periods would not have much variation.
gmaxwell
Staff
Legendary
*
Offline Offline

Activity: 2324



View Profile
September 22, 2013, 09:52:20 PM
 #9

It would have been very easy to significantly reduce the variation in block times when bitcoin was designed.  All Satoshi had to do was require that multiple hashes were to be found by the miner per block.  eg:  if each miner had to find 50 hashes that met the difficulty target per block then the block periods would not have much variation.
I always find it gratifying to see all these armchair experts with their "very easy" "improvements" which would hose the security.

We actually need the variation in order to have a decisive consensus. Even ignoring the bandwidth and dos vulnerability that would arise from cumulative work proofs, and the consolidation risks from turning mining into a race... the problem with incremental work POW is that it's not much of a lottery, which means that you'd constantly be losing hash power to orphaning as miners find solutions at very close to the same time.

If this isn't obvious to you after it's pointed out, imagine if instead every miner found a block _exactly_ ten minutes after the last block: Exach miner would have their own chain, none longer than any others... the network split into a zillion separate universes.

Bitcoin will not be compromised
beeblebrox
Member
**
Offline Offline

Activity: 117


View Profile
September 22, 2013, 10:06:36 PM
 #10

It would have been very easy to significantly reduce the variation in block times when bitcoin was designed.  All Satoshi had to do was require that multiple hashes were to be found by the miner per block.  eg:  if each miner had to find 50 hashes that met the difficulty target per block then the block periods would not have much variation.
I always find it gratifying to see all these armchair experts with their "very easy" "improvements" which would hose the security.

We actually need the variation in order to have a decisive consensus. Even ignoring the bandwidth and dos vulnerability that would arise from cumulative work proofs, and the consolidation risks from turning mining into a race... the problem with incremental work POW is that it's not much of a lottery, which means that you'd constantly be losing hash power to orphaning as miners find solutions at very close to the same time.

If this isn't obvious to you after it's pointed out, imagine if instead every miner found a block _exactly_ ten minutes after the last block: Exach miner would have their own chain, none longer than any others... the network split into a zillion separate universes.

actually I'm aware that you need a bit of variation so that the fastest miner doesn't dominate.  This is the payoff involved- you need to balance the fastest miner consistently winning versus variation.
gmaxwell
Staff
Legendary
*
Offline Offline

Activity: 2324



View Profile
September 22, 2013, 10:19:10 PM
 #11

actually I'm aware that you need a bit of variation so that the fastest miner doesn't dominate.  This is the payoff involved- you need to balance the fastest miner consistently winning versus variation.
Sure, and you can equally do that balance (making blocks happen below some time a greater portion of the time) just by lowering the time between blocks— without out the cumulative work advantage that creates an expected return increase for larger miners or increasing the proof size.

Bitcoin will not be compromised
hashman
Hero Member
*****
Offline Offline

Activity: 915



View Profile
September 23, 2013, 11:39:24 AM
 #12


If this isn't obvious to you after it's pointed out, imagine if instead every miner found a block _exactly_ ten minutes after the last block: Exach miner would have their own chain, none longer than any others... the network split into a zillion separate universes.

Imagine further that radioactive decay were no longer stochastic but set to a timer...  Thank god for dice! 
saif313
Member
**
Offline Offline

Activity: 84



View Profile
September 23, 2013, 02:33:50 PM
 #13

Smiley Looks good.

very interesting screenshots  Cheesy

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
September 23, 2013, 04:50:01 PM
 #14

I love speculating about bitcoin's far future.

When the block subsidy is gone or insignificant it won't be profitable to mine immediately after a block is found as there will be no waiting fees.

As fees pile up hashing power comes back online, the average is still 10 minutes, but the variance is reduced. Though average times during busiest hours (in the bitcoiniest parts of the world?) will be lower.

ASICs kind of muck this up as they probably can't do anything else profitably (different chain maybe?) and it may be worse to power them on and off every few minutes I don't know.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
September 30, 2013, 12:37:54 PM
 #15

6 blocks in a row...

naphto
Sr. Member
****
Offline Offline

Activity: 392


View Profile
September 30, 2013, 01:06:13 PM
 #16

50BTC is lucky, or has a lot of hash power?  Shocked
hayek
Sr. Member
****
Offline Offline

Activity: 373


View Profile
September 30, 2013, 01:48:31 PM
 #17

I don't think this is anything new. There is no guarantee of a 10 minute block time, just a good chance.
bitcoin44me
Full Member
***
Offline Offline

Activity: 238


View Profile
September 30, 2013, 01:49:42 PM
 #18

I don't think this is anything new. There is no guarantee of a 10 minute block time, just a good chance.


Yes but 3 blocks in 1 min is like: WTF?

BTC.sx - Leveraged Bitcoin Trading.
Get paid weekly for your signature.
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
September 30, 2013, 02:16:47 PM
 #19

I don't think this is anything new. There is no guarantee of a 10 minute block time, just a good chance.


Yes but 3 blocks in 1 min is like: WTF?

I recall when I was playing SatoshiDice I got 10 winning 50% bets in a row...
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
December 30, 2013, 09:14:47 PM
 #20

Interesting coincidence:

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!