ripper234 (OP)
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Ron Gross
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October 08, 2011, 07:32:42 PM |
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Simple things, you know, like a GUI, Faucet, a few more exchanges that support it, bounties? Or are those not important enough right now to the people working on Namecoin?
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bulanula
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October 08, 2011, 07:35:43 PM |
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Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.
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ripper234 (OP)
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Ron Gross
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October 08, 2011, 07:38:50 PM Last edit: October 08, 2011, 09:06:29 PM by ripper234 |
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Namecoin pretty much died after it was more profitable to mine BTC. It was attacked by Satoshi complex personalities ( ArtForz, lolcust, BitcoinExpress, SAC, Tycho, MarkKarpeles etc. ) because it posed a threat to Bitcoin just like Fairbrix was attacked because it posed a threat to Tenecrapix.
I see no reason why merged mining will not become dominant. It is more profitable to mine both Namecoin & Bitcoin together, so most pools and miners should switch to that, making the network as secure as Bitcoin.
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kano
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October 08, 2011, 09:54:31 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it)
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ripper234 (OP)
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Ron Gross
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October 08, 2011, 10:07:47 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).
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ElectricMucus
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October 08, 2011, 10:17:24 PM |
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Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol).
If everyone keeps putting junk in the blockchain it will go form GB to TB to download and use soon. The next block is being payed for the data so what's your point?
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ElectricMucus
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October 08, 2011, 10:26:44 PM |
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You're right as long as I can fit the blockchain on a single harddrive I don't give a shit And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine.
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kano
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October 08, 2011, 10:28:06 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol). LOL so you waste money on something you can get for free? OK I'm wrong - wrong to not do something stupid? The current BTC block-chain, index, address file and sundry db files is already 975Mb The size of a single block is steadily growing with the number of transactions on average increasing over time. Add extra data to the block-chain represents extra storage space on every HDD that is running bitcoin. Meh trying to educate the ignorant I don't think Cthulu would fit in there unless you got a smaller pic of her:
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ElectricMucus
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October 08, 2011, 10:42:44 PM |
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You're right as long as I can fit the blockchain on a single harddrive I don't give a shit And I don't think it will ever grow beyond that even if the blockchain is 10TB in 10 years if I can buy a 200TB harddrive for the same amount I'm fine. Well your net connection is not going to improve by that order of magnitude in speed so it is going to be one hell of a long download. Well, 10 Years ago the fastest connection I could get for cheap (consumer rates) was a 512kbit cable modem link, now it's 10mbit plastic fiber link. I can't see why I wouldn't be able to get 200mbit glass fiber then. (I do pay less for net access now than back then so, yeah it probably won't improve as much as I would probably choose to pay even less than now) oh noes.. its actually 100mbit now, screw it
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MaGNeT
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October 08, 2011, 11:00:39 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins.
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ElectricMucus
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October 08, 2011, 11:27:52 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. Both arguments are equally invalid
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bulanula
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October 08, 2011, 11:39:42 PM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) Wrong. If I don't mine, the only way I can get Namecoin is by buying it. Thus, it has value. It does't "cost nothing nothing to mine". You can say that it costs electricy to mine BTC + NMC. The fact that NMC now can be merged-mined simply means that a rational miner will switch from mining BTC to BTC+NMC, not that NMC has no value. Why do you think it's wrong to put extra data in the blockchain? If a miner solves a BTC block, he can put pictures of Cthulu there for all I care. He solved the block, he's entitled to manipulate it as he will (within what's allowed by the protocol). LOL so you waste money on something you can get for free? OK I'm wrong - wrong to not do something stupid? The current BTC block-chain, index, address file and sundry db files is already 975Mb The size of a single block is steadily growing with the number of transactions on average increasing over time. Add extra data to the block-chain represents extra storage space on every HDD that is running bitcoin. Meh trying to educate the ignorant I don't think Cthulu would fit in there unless you got a smaller pic of her: Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ) and we all got screwed by manga watching noodle eating geeks.
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kano
Legendary
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October 09, 2011, 12:49:23 AM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining)
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iopq
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October 09, 2011, 01:22:55 AM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol
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kano
Legendary
Online
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October 09, 2011, 01:34:15 AM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol Merged mining requires that it produces a special BTC block (with extra data) that it then hashes to make a valid BTC hash for a BTC block. Only then can merged mining produce a namecoin block based on that BTC hash (extra for free) Thus it doesn't make sense to say that you are producing namecoin blocks and getting free BTC blocks since the merged namecoin block depends on the BTC block generation and that has to be done first, not the other way around. i.e. you can't first generate a namecoin block and hash and then use that hash in BTC.
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iopq
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October 09, 2011, 06:40:07 AM |
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Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin (and the web site is wrong about that on the main Merged mining page saying that it doesn't do that http://dot-bit.org/Merged_MiningI've asked more than a week ago for someone to fix that - but I guess they don't like people knowing it) I'm mining Namecoins, so, technically, Bitcoin should have no value at all anyway. Bitcoins cost nothing to mine it if you do merged mining - i.e. it is free. I see Bitcoins as a bonus for mining Namecoins. LOL clearly you don't understand how merged mining works Go read the code then try to post that comment correctly. (also ignore the namecoin web site coz they are actually wrong - I've even requested they correct it but they enjoy displaying false information about merged mining) explain what you mean, lol Merged mining requires that it produces a special BTC block (with extra data) that it then hashes to make a valid BTC hash for a BTC block. Only then can merged mining produce a namecoin block based on that BTC hash (extra for free) Thus it doesn't make sense to say that you are producing namecoin blocks and getting free BTC blocks since the merged namecoin block depends on the BTC block generation and that has to be done first, not the other way around. i.e. you can't first generate a namecoin block and hash and then use that hash in BTC. except masterpool has produced many NMC blocks, but 0 BTC blocks so far
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kano
Legendary
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October 09, 2011, 08:14:47 AM |
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So what? That is as to be expected. It still tries with every hash as I stated.
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sd
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October 09, 2011, 09:49:17 AM |
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Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ) and we all got screwed by manga watching noodle eating geeks. Cthulhu is a reoccurring character in the works of H.P Lovecraft, an American writer of short horror stories. The reference has nothing to do with manga. Check out the books on amazon, they are well worth reading.
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kano
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October 09, 2011, 10:35:23 AM |
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Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ) and we all got screwed by manga watching noodle eating geeks. Cthulhu is a reoccurring character in the works of H.P Lovecraft, an American writer of short horror stories. The reference has nothing to do with manga. Check out the books on amazon, they are well worth reading. Yes that's where Cthulhu 'he' originated ( http://en.wikipedia.org/wiki/Cthulhu ), but 'she' is also a manga/anime character that I posted a pic of before ( http://www.animenewsnetwork.com/encyclopedia/anime.php?id=11791 ) Obviously from the title of the manga/anime the name was taken from the original Lovecraft story.
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Lolcust
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October 09, 2011, 10:39:19 AM |
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Lolz, there is a magical girl anime about Cthulhu? Lovely, gotta fire up uTorrent As for Namecoin, the people to push for its acceptance are called US law enforcement. The more domains they seize, the stronger need for Namecoin will be.
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Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Feed the Lolcust! NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67 BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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sd
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October 09, 2011, 03:25:04 PM |
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Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ) and we all got screwed by manga watching noodle eating geeks. Cthulhu is a reoccurring character in the works of H.P Lovecraft, an American writer of short horror stories. The reference has nothing to do with manga. Check out the books on amazon, they are well worth reading. Yes that's where Cthulhu 'he' originated ( http://en.wikipedia.org/wiki/Cthulhu ), but 'she' is also a manga/anime character that I posted a pic of before ( http://www.animenewsnetwork.com/encyclopedia/anime.php?id=11791 ) Obviously from the title of the manga/anime the name was taken from the original Lovecraft story. H.P. Lovecraft inspired a very large amount of fiction, that name will have been used a great number of times. As far as I've seen nothing improves on the original works but I've not seen or read everything. Cthulhu is only a 'he' as the English language lacks a gender neutral way of referring to a sentient being. The picture we want to embed in the blockchain would look something like this:
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bulanula
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October 09, 2011, 03:34:34 PM |
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Yet more proof that Satoshi / all the other IDs came from Japan ( who the fuck is Cthulu ) and we all got screwed by manga watching noodle eating geeks. Cthulhu is a reoccurring character in the works of H.P Lovecraft, an American writer of short horror stories. The reference has nothing to do with manga. Check out the books on amazon, they are well worth reading. Yes that's where Cthulhu 'he' originated ( http://en.wikipedia.org/wiki/Cthulhu ), but 'she' is also a manga/anime character that I posted a pic of before ( http://www.animenewsnetwork.com/encyclopedia/anime.php?id=11791 ) Obviously from the title of the manga/anime the name was taken from the original Lovecraft story. H.P. Lovecraft inspired a very large amount of fiction, that name will have been used a great number of times. As far as I've seen nothing improves on the original works but I've not seen or read everything. Cthulhu is only a 'he' as the English language lacks a gender neutral way of referring to a sentient being. The picture we want to embed in the blockchain would look something like this: So now it is not manga anymore and it is a "he" !? Trying to recover the scam, are we ?
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makomk
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October 11, 2011, 09:28:15 AM |
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Namecoin WAS NOT designed as a vehicle to profit from, or to be easy to mine or even to be used in exchanges.
It was designed for the sole purpose of being an ALTERNATE DNS system and that's all.
Which still requires things like exchanges and nice GUIs. Even being able to access .bit domains is very user-unfriendly at the moment; actually registering them is positively painful. Well technically, namecoin should have no value at all anyway. It costs nothing to mine it if you do merged mining - i.e. it is free. Right now, the software available for merged mining and the pools that support it are both a lot less tested and more unreliable than just mining Bitcoins, so there's definitely a cost to merged mining. At the moment I'm not sure the Namecoins I'm getting from MM are enough to compensate for the extra stales I'm seeing over a good BTC-only pool. Then there's the cost of developing and testing and setting up that software. The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin 36 bytes of data per block - far smaller than even the smallest Bitcoin transaction. If you do just one test transaction you're bloating up the blockchan a lot more than merged mining. (The average Bitcoin block is somewhere in the 20-30 KB range these days IIRC, and that's going to increase if Bitcoin takes off.)
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Quad XC6SLX150 Board: 860 MHash/s or so. SIGS ABOUT BUTTERFLY LABS ARE PAID ADS
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kano
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October 11, 2011, 11:09:02 AM |
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... The negative side is (what I've said many times) it puts extra data in the bitcoin block-chain that has nothing to do with bitcoin 36 bytes of data per block - far smaller than even the smallest Bitcoin transaction. If you do just one test transaction you're bloating up the blockchan a lot more than merged mining. (The average Bitcoin block is somewhere in the 20-30 KB range these days IIRC, and that's going to increase if Bitcoin takes off.) Hmm 36? Where did you come up with that number? The current merged BTC blocks are showing approx 46 extra bytes in the coinbase (assuming none of the tx are fake required by namecoin - I don't know about that) Eligius is merged mining and clearly at least one other pool since half of the merged BTC blocks say 'Eligius' before the namecoin extra crap. Hmm be the first merged mining scamcoin and put scamcoin data in the bitcoin block-chain? The next version of bitcoin allows for it and my request to remove merged mining from git was rejected.
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makomk
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October 11, 2011, 01:25:38 PM |
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Hmm 36? Where did you come up with that number? The current merged BTC blocks are showing approx 46 extra bytes in the coinbase (assuming none of the tx are fake required by namecoin - I don't know about that) Whoops, forgot about the merkle tree size and merkle nonce; 46 bytes is correct. Hmm be the first merged mining scamcoin and put scamcoin data in the bitcoin block-chain? The next version of bitcoin allows for it and my request to remove merged mining from git was rejected.
As far as I know, the code in the official bitcoin client isn't enough to trivially support merged mining with.
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Quad XC6SLX150 Board: 860 MHash/s or so. SIGS ABOUT BUTTERFLY LABS ARE PAID ADS
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Gavin Andresen
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October 11, 2011, 01:34:06 PM |
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The next version of bitcoin allows for it and my request to remove merged mining from git was rejected.
kano, you seem to be under the mistaken impression that I am King of Bitcoin. I told you that if you don't like the getmemorypool RPC method, you would need to gain consensus either on the Dev&Tech section of these forums or the bitcoin-dev mailing list. That's how bitcoin works-- rough consensus, not "submit requests to the King" or "petition the Central Committee."
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How often do you get the chance to work on a potentially world-changing project?
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kano
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October 11, 2011, 02:20:54 PM |
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The next version of bitcoin allows for it and my request to remove merged mining from git was rejected.
kano, you seem to be under the mistaken impression that I am King of Bitcoin. I told you that if you don't like the getmemorypool RPC method, you would need to gain consensus either on the Dev&Tech section of these forums or the bitcoin-dev mailing list. That's how bitcoin works-- rough consensus, not "submit requests to the King" or "petition the Central Committee." No I have already in the past stated, in your defense, that you are not King of Bitcoin However, it did seem you had the only say in allowing that commit into bitcoin. Of course that discussion may have occurred somewhere else, but I have no references to it (and the commit request has none either) OK I've created a rather bias post on the subject here: https://bitcointalk.org/index.php?topic=47774.0Bias coz that's my opinion and I'm not going to hide it
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Iyeman
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October 11, 2011, 03:57:38 PM |
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now it's 10mbit plastic fiber link.
Fiber is actually very fine strands of glass (usually smaller than a strand of hair) protected by plastic. Also browsing .bits for me was simple to setup. mainly because i run my own DNS server in my home, so it took 10 minutes to add the settings for .bits to pull info from the 2 public DNS servers. http://dot-bit.org/HowToBrowseBitDomains
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bulanula
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October 11, 2011, 10:30:24 PM |
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The next version of bitcoin allows for it and my request to remove merged mining from git was rejected.
kano, you seem to be under the mistaken impression that I am King of Bitcoin. I told you that if you don't like the getmemorypool RPC method, you would need to gain consensus either on the Dev&Tech section of these forums or the bitcoin-dev mailing list. That's how bitcoin works-- rough consensus, not "submit requests to the King" or "petition the Central Committee." All hail to the glorious leader !
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jtimon
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October 13, 2011, 03:51:10 PM |
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With 10x the transaction volume block size will be closer to ~500K so that 46 bytes is 0.01% additional space requirement. Hell if you put 46 bytes from 100 different alt chains it might increase the chain 1%.
If there were 100 alt chains merged mining with bitcoin, bitcoin could be adapted to save space in merged mining. All chains could share a merkle tree as maaku describes here: "We've eliminated the master/alt chain distinction entirely. The mining header contains a Merkle tree of block chain headers, one for each crypto-token system. This allows infinitely many crypto-tokens to be merge-mined without affecting performance or requiring embedding portions of the master chain into the altchain." http://www.freicoin.org/implementations-details-and-bounty-7-3-btc-t13-10.html#p158But I don't really think that's a priority for bitcoin right now (well, your numbers kind of prove it). I don't think that what bothers kano is not the extra data, but having other currency with the same difficulty as bitcoin's. You know, like Vladimir that sees merged-mining as "parasite the bitcoin chain and destroying the 21 M limit".
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