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October 10, 2018, 07:37:56 AM Last edit: October 10, 2018, 09:57:23 AM by aliashraf Merited by suchmoon (4), theymos (2), dbshck (2), bones261 (2), LoyceV (1), HeRetiK (1), ABCbits (1) |
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Hi, I just read this academic paper, authors are suggesting that Bitcoin is in danger of being compromised by Chinese government because of ASICs and pools. I have been championing against ASICs and pools for a while and as of my experience when it comes to any serious improvement to bitcoin and it has to be done by a hard fork an army of 'legendary' shills are ready to make it almost impossible to discuss anymore. But we have hard-fork-wishlist, discussing an issue won't fork the chain, actual forking does! So, I politely ask these guys to give us a break and let us to have a productive discussion about whether or not we could do anything, any technical improvement obviously, to deal with what the authors are pointing out?
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aliashraf (OP)
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October 10, 2018, 09:56:00 AM |
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@ETFbitcoin, appreciate your comment (and the merit by the way), let's wait a while and have more ideas shared by other guys, obviously I have a few too ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As of your last comment, yes, I read as much as I could find, especially when it comes to critical issues, no choice.
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theymos
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Skimming it, it seems like a good summary of stuff that's been discussed around here for years. AFAIK a lot of mining has moved out of China geographically due to Chinese government crackdowns, though a lot is still owned by Chinese companies. That said, the specific country doesn't matter much: I don't distrust the Chinese government all that much more than the EU in this area, for example. The main issue is geographical centralization and mining centralization in general. The location of the physical mining hardware is more important than pool management location, since miners can change their pools. I don't know much about the distribution of mining hardware, though. If a majority of mining power tries anything, then the only correct response is an immediate hardfork to change the PoW. I don't think that anyone disagrees with that. Some notable people have long advocated changing the PoW preemptive to any actual attack because of too much centralization already. However, there is no known long-term solution to mining centralization. (This has been discussed to death on the forum and elsewhere.) It's not clear that an anti-ASIC algorithm is possible, and even if it is, that'll probably just allow for different monopolies (eg. Intel, botnet operators, or others). Changing to a different ASIC-friendly algorithm may well increase centralization after a while, since the big mining companies (eg. Bitmain) are big because they're the best at making mining chips, so they'll probably end up having a first-to-market advantage on new ASICs. You can prevent trustless pooling, but that'd mostly just force people to use even-more-centralized trusted pooling, which isn't preventable AFAIK. So preemptively changing the PoW will temporarily fire the current miners, but at best it'll make the problem no better long-term, and it'll almost certainly result in a persistent fork which will do a lot of damage to Bitcoin. Currently we have a sort of mutually assured destruction situation. If there's a preemptive PoW change, then that'll make a huge, not-worthwhile mess (though survivable). But if miners do an attack, then there will be an immediate PoW change, firing them and at least forcing them to start over from scratch hardware-wise. This MAD situation could maybe be considered quite solid if all actors were rationally self-interested, though authoritarian regimes can get in the way of rational self-interest. Still, I think that this is reasonably stable, and the best we can do for now. To strengthen the MAD and prepare, I encourage people to be as ready and threatening as possible in case an immediate PoW change becomes necessary: for example, I've said several times (and I mean it) that if the Bitcoin Core devs fail to respond adequately to a miner attack, I'll propagate the necessary hardfork myself. But I oppose a preemptive PoW change unless there's some sort of new long-term solution. I still think that my 3-way hybrid PoW could work, but a lot of people disagree.
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October 10, 2018, 11:58:31 AM |
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[...]
1. Increase maximum block size weight to the point where Chinese pool's connection can't keep up, but this is difficult since block propagation already use Compact Block
[...]
This runs both ways though. With the majority hashrate presumably being located in China it may very well be that using increased block weight as a weapon would merely lead to an increased orphan rate in Europe and the Americas, further strengthening China's position. [...]
Currently we have a sort of mutually assured destruction situation. If there's a preemptive PoW change, then that'll make a huge, not-worthwhile mess (though survivable). But if miners do an attack, then there will be an immediate PoW change, firing them and at least forcing them to start over from scratch hardware-wise. [...]
Is there any agreement on how such a PoW change would be implemented and what code of conduct would be followed? For example how a new PoW scheme would be selected. I presume some thoughts has already been put into it, beyond merely considering the option.
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aliashraf (OP)
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October 10, 2018, 02:55:02 PM Last edit: October 14, 2018, 06:41:33 AM by aliashraf Merited by dbshck (2), OgNasty (1), ABCbits (1) |
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@theymos, thanks for the contribution (and the merits by the way). I'm seriously delighted seeing prominent bitcoin figures are so much concerned about this issue. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Actually, I was somewhat disappointed and confused if not frustrated about why the situation with ASICs and pools is simply overlooked or its severity is underestimated at best. As I understand you are more concerned about ASICs and although I share a lot in this regard with you, I'm sure you know far better than me how sophisticated would be an Anti-ASIC hard fork: From a pure technical view point, unlike what most people in bitcoin ecosystem are used to say, implementing an Anti-ASIC algorithm and integrating it into bitcoin, is not impossible or that hard. We have ProgPoW and a few talented people who could offer even more effective alternatives. But for bitcoin such a transition is not feasible overnight. Nobody would be happy, security will drop, price will drop, ... a lot of chaotic consequences are predictable and should be addressed. Nobody is interested in following the path bitcoin Gold went through. I have this idea for a long time, a 2-way concurrent PoW algorithm with a 2-3 years smooth migration from ASICs to the alternate cpu/gpu PoW method e.g. ProgPoW. I'm thinking of starting with a 10:1 ratio in favor of sha2 ASICs and a gradual transition to 1:10 ratio against them. But as we have already experienced with SegWit reaching to a consensus and adopting above or any other hypothetical solution raises another challenge: Pools. I have written too much about pools, among them in An Analysis of Mining Variance and Proximity Premium flaws in Bitcoin, I have mathematically proved that as long as we are trapped in bitcoin's winner_takes_all approach to mining the resulting Bernoulli distribution pushes miners toward pooling. Pools are evil but when they are concentrated in China, you have serious problem. I have drafted a framework for improving this situation, Proof of Collaborative work (PoCW), based on a new implementation of PoW which is no longer winner_takes_all. Conclusively speaking, I believe we are able to fix the issue with Chinese by a double attack: getting rid of pools and imposing a gradual transition to an ASIC-resistant algorithm.
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To strengthen the MAD and prepare, I encourage people to be as ready and threatening as possible in case an immediate PoW change becomes necessary: for example, I've said several times (and I mean it) that if the Bitcoin Core devs fail to respond adequately to a miner attack, I'll propagate the necessary hardfork myself. But I oppose a preemptive PoW change unless there's some sort of new long-term solution.
How about start by prepare guide/reference client in-case hard-fork is needed? Reflecting from Bitcoin-Qt 0.8.0 accident (which is accidental hard-fork due to different DB version), that would help community/developer where to start solve the problem. 1. Increase maximum block size weight to the point where Chinese pool's connection can't keep up, but this is difficult since block propagation already use Compact Block
This runs both ways though. With the majority hashrate presumably being located in China it may very well be that using increased block weight as a weapon would merely lead to an increased orphan rate in Europe and the Americas, further strengthening China's position. I think that won't happen since IMO Chinese miners would rather connect to pool outside China rather than let block orphan happen which could hurt many pools and potential FUD/price crash due to high block orphan. I have this idea for a long time, a 2-way concurrent PoW algorithm with a 2-3 years smooth migration from ASICs to the alternate cpu/gpu PoW method e.g. ProgPoW. I'm thinking of starting with a 10:1 ratio in favor of sha2 ASICs and a gradual transition to 1:10 ratio against them.
ProgPoW already exist ( https://github.com/ifdefelse/ProgPOW) and looks like developed well from commit/contributor number, but the hardest part is making sure existing miners won't do anything crazy such as boycott or attack network knowing MAD situation.
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aliashraf (OP)
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October 10, 2018, 07:54:02 PM |
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... But I oppose a preemptive PoW change unless there's some sort of new long-term solution.
How about start by prepare guide/reference client in-case hard-fork is needed? Reflecting from Bitcoin-Qt 0.8.0 accident (which is accidental hard-fork due to different DB version), that would help community/developer where to start solve the problem. I absolutely support this argument. Although rationally calculated self-interests of players is a vital theoretical support for security of bitcoin, we should be aware of complexities involved. Things change so fast and, as the paper correctly has established it, adversarial incentives are getting stronger while centralization of mining is reducing the collusion costs to dangerous thresholds. SO, WE SHOULD BE PREPARED. I have this idea for a long time, a 2-way concurrent PoW algorithm with a 2-3 years smooth migration from ASICs to the alternate cpu/gpu PoW method e.g. ProgPoW. I'm thinking of starting with a 10:1 ratio in favor of sha2 ASICs and a gradual transition to 1:10 ratio against them.
... the hardest part is making sure existing miners won't do anything crazy such as boycott or attack network knowing MAD situation. Miners would go after their profits if bitcoin mining scene was decentralized and it is possible to improve this factor significantly. We need ASICS for at least next 2-3 years and I don't think we are in a deep antagonistic contradiction with miners, it is rather about pools and pools, my friend, should be extinguished.. My suggestion is a double attack simultaneously being triggered against pools and ASICs but with different approaches regarding each of them: Pools should be eliminated from the very first day of the fork but ASICs should be retired with a very small sleepness. Elimination of pools, sets a huge amount of mining power free and distributed and ready to choose their profits against politics, they should not be slaughtered by a preemptive anti-ASIC fork, instead I suggest a long term mutual co-existence of both algorithms using a double algorithm/double difficulty system which in long term is biased against ASICs, strictly defined by a constitutional rule.
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Hi, I just read this academic paper, authors are suggesting that Bitcoin is in danger of being compromised by Chinese government because of ASICs and pools. I have been championing against ASICs and pools for a while and as of my experience when it comes to any serious improvement to bitcoin and it has to be done by a hard fork an army of 'legendary' shills are ready to make it almost impossible to discuss anymore. But we have hard-fork-wishlist, discussing an issue won't fork the chain, actual forking does! So, I politely ask these guys to give us a break and let us to have a productive discussion about whether or not we could do anything, any technical improvement obviously, to deal with what the authors are pointing out? If Chinese are the ones who create the ASICs and the ones who run the biggest mining farms, then of course they are the ones who more power over the coin, but i don't see it as something bad, i mean, at least someone needs to do it. The bitcoin mining complexity grows day by day and it was a challenge for the engineers to create those mining machines with more than 10Thz of mining power. So, the mining will not stop, and if China doesn't take the control of this business, someone will do it, that's a fact.
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aliashraf (OP)
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October 10, 2018, 08:41:48 PM |
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Hi, I just read this academic paper, authors are suggesting that Bitcoin is in danger of being compromised by Chinese government because of ASICs and pools. I have been championing against ASICs and pools for a while and as of my experience when it comes to any serious improvement to bitcoin and it has to be done by a hard fork an army of 'legendary' shills are ready to make it almost impossible to discuss anymore. But we have hard-fork-wishlist, discussing an issue won't fork the chain, actual forking does! So, I politely ask these guys to give us a break and let us to have a productive discussion about whether or not we could do anything, any technical improvement obviously, to deal with what the authors are pointing out? If Chinese are the ones who create the ASICs and the ones who run the biggest mining farms, then of course they are the ones who more power over the coin, but i don't see it as something bad, i mean, at least someone needs to do it. The bitcoin mining complexity grows day by day and it was a challenge for the engineers to create those mining machines with more than 10Thz of mining power. So, the mining will not stop, and if China doesn't take the control of this business, someone will do it, that's a fact. Obviously, we are not aligned. I afraid your argument is vague and in complete contradiction with bitcoin axioms. If centralization is inevitable, then the whole cryptocurrency agenda is doomed. It has always been and should be considered an anti-bitcoin discourse and sounds like some ideological point of view rather than a concrete technical perception. Bitcoin is in the first stages of its journey, I strongly believe that after the upcoming hard fork evidences that now temporarily support your claims will be cleared out and we will have another decade of glorious developments until the next fork, perhaps in 2030 which is highly possible to become necessary for newer challenges that we have no clue about them right now. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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theymos
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Is there any agreement on how such a PoW change would be implemented and what code of conduct would be followed? For example how a new PoW scheme would be selected. I presume some thoughts has already been put into it, beyond merely considering the option.
How about start by prepare guide/reference client in-case hard-fork is needed? Reflecting from Bitcoin-Qt 0.8.0 accident (which is accidental hard-fork due to different DB version), that would help community/developer where to start solve the problem.
It's not good to have an exact algorithm planned out, since then someone could make an ASIC for it in advance. Current consensus seems to be that in case of a miner attack, something based on SHA-3 would be used, since it's very similar to SHA-2 and therefore a minimally-significant change. There's an old sample pull request. It should be modified slightly at the last minute to ensure that there are no stockpiled ASICs for it, though; for example: fn newPoW(in) { RANDOM_SALT[10] = [randomString1, randomString2, ..., randomString10] out = in for i in 0..9: out = sha3(concat(out, RANDOM_SALT[0:i])) return out } That's just an example of how you'd try to do something a bit different to ensure that nobody has any stockpiled, maybe-somewhat-configurable ASICs hidden up their sleeves. It'd be nice if there was a defined procedure for selecting one quickly. The exact algorithm isn't that important as long as nobody knows it in advance and it keeps the necessary properties for a PoW, but you don't want to waste time arguing about it. Maybe you'd have the interested devs write down their suggested algorithms, confirm that they all look reasonable, select two using verifiable randomness, compose or mash-up the two selected, and then fill in any random constants in the algorithm with new verifiable randomness. Some have proposed automatically generating new PoWs, but then it's still possible to design ASICs which can adapt to the general random scheme. For example, you could have the PoW be sha3(concat(random_salt, sha3(in)) where random_salt automatically updates every year or whatever based on the hash of a block 1000 blocks deep, but then people would just design an ASIC which can accept a configurable random_salt. Preparedness could be a lot better. I especially advocate for the creation of a clear set of criteria which indicate miner abuse so that they don't get away with something very incremental like freezing "obviously stolen" coins. I have this idea for a long time, a 2-way concurrent PoW algorithm with a 2-3 years smooth migration from ASICs to the alternate cpu/gpu PoW method e.g. ProgPoW. I'm thinking of starting with a 10:1 ratio in favor of sha2 ASICs and a gradual transition to 1:10 ratio against them.
I've heard that before, maybe on the mailing list. Not a bad idea IMO. IIRC it can also be done as a softfork if miners are cooperative.
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aliashraf (OP)
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October 11, 2018, 05:01:41 AM |
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Is there any agreement on how such a PoW change would be implemented and what code of conduct would be followed? For example how a new PoW scheme would be selected. I presume some thoughts has already been put into it, beyond merely considering the option.
How about start by prepare guide/reference client in-case hard-fork is needed? Reflecting from Bitcoin-Qt 0.8.0 accident (which is accidental hard-fork due to different DB version), that would help community/developer where to start solve the problem.
It's not good to have an exact algorithm planned out, since then someone could make an ASIC for it in advance. Smart move, though I don't believe in hypes regarding magical power of ASIC designers to crack every algorithm. A well designed memory hard algo won't be an easy piece of cake to bite, imo. It'd be nice if there was a defined procedure for selecting one quickly. The exact algorithm isn't that important as long as nobody knows it in advance and it keeps the necessary properties for a PoW, but you don't want to waste time arguing about it. ..
Preparedness could be a lot better. I especially advocate for the creation of a clear set of criteria which indicate miner abuse so that they don't get away with something very incremental like freezing "obviously stolen" coins.
Well said.
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I'm with theymos. If there is no miner threat from Jihan Wu and his cartel, then there should be no POW change. Hard forks are already bad enough for the network because it would already be isolating some nodes. If Bitcoin hard forks because of a POW change then it would be isolating nodes and hash power, threatening the security of the network.
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October 11, 2018, 06:16:53 AM |
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I am more disappointed in the fact that no other country stepped up, <Silicon Valley are you listening?> to compete with ASIC hardware? Yes, we saw some GPU manufacturers jumping onto the mining bandwagon, but they cannot compete with ASICs from China. Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese? Why should software be changed to slow them down? <I specifically said, "slow them down", because they eventually come up with something new, as soon as changes are done> ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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October 11, 2018, 06:48:21 AM |
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Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese? Why should software be changed to slow them down? <I specifically said, "slow them down", because they eventually come up with something new, as soon as changes are done> ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) No, but "the rest of the world" cannot compete to make ASICs as cheap as the Chinese, both the chips and the miners. I believe that's because of their less strict electrical safety regulations in manufacturing electronics.
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tromp
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October 11, 2018, 07:49:05 AM |
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Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese?
Bitfury's latest ASIC https://bitfury.com/hardware/asic is pretty competitive with Chinese designs...
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HeRetiK
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October 11, 2018, 11:08:56 AM |
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[...]
It'd be nice if there was a defined procedure for selecting one quickly. The exact algorithm isn't that important as long as nobody knows it in advance and it keeps the necessary properties for a PoW, but you don't want to waste time arguing about it. [...] Agreed. I think it would make sense if such a selection process would be formally defined -- and agreed upon -- in advance. Otherwise we'll end up with a debate on the selection process itself and during the worst time at that. I am more disappointed in the fact that no other country stepped up, <Silicon Valley are you listening?> to compete with ASIC hardware? Yes, we saw some GPU manufacturers jumping onto the mining bandwagon, but they cannot compete with ASICs from China. [...]
Pretty [1] much [2] every [3] chip [4] gets produced in China. GPUs included. So naturally they not only have the know-how but also the infrastructure. It'd be weird if it were any different with Bitcoin miners. The means of productions have been gifted rather than seized. [1] https://www.fool.com/investing/2017/05/17/nvidia-corp-relationship-taiwan-semiconductor.aspx[2] https://www.extremetech.com/computing/276169-amd-moves-all-7nm-cpu-gpu-production-to-tsmc[3] https://www.extremetech.com/computing/276690-report-intel-will-outsource-chipset-production-to-tsmc[4] https://www.gsmarena.com/qualcomm_going_back_to_tsmc_for_its_7nm_chips_production_starts_later_this_year-news-31804.phpI think electricity cost plays a larger role in terms of geographical (and by extension legislative) decentralization than where the miners are produced. If Europe and the US had electricity prices closer to China I'd expect the dominance of a certain ASIC manufacturer to be much less of an issue than it is today.
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aliashraf (OP)
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October 11, 2018, 07:26:31 PM |
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It is odd, imo, too much concerns about ASICs and zero interest in the situation with pools.
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d5000
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October 12, 2018, 12:17:21 AM |
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I agree with the need for preparations - above all, with what Theymos said about finding clear criteria for a malicious attack. I'm also a bit concerned about the "new monopolies" that could emerge after a PoW change. It may sound a bit naive, but - is there a possibility to create/fund an open hardware project for mining chips running the "new Bitcoin algorithm"? It's true however that major "chip foundries" are located in China, but there are at least some scattered around the world (mainly Europe and North America) which could step in for production. I think electricity cost plays a larger role in terms of geographical (and by extension legislative) decentralization than where the miners are produced. If Europe and the US had electricity prices closer to China I'd expect the dominance of a certain ASIC manufacturer to be much less of an issue than it is today.
In this case, time is on our side - renewable-based (e.g. solar/wind powered) off-grid mining probably very soon (in the next 5 years) could be cheaper than Chinese electricity, where the cheapest price is ~3 cent per kWh. I already mentioned in other threads that ~2 cent/kWh solar power costs are probably becoming real in the next 5-10 years (the article I linked makes pretty conservative assumptions). While China has good solar energy spots, there are even better ones in the Americas (south-western North America and western South America) and, of course, Africa and the Middle East.
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Wind_FURY
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October 12, 2018, 06:29:45 AM |
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Are the rest of the world so far behind with ASIC development or something similar, that they cannot develop something that would be able to compete with the Chinese?
Bitfury's latest ASIC https://bitfury.com/hardware/asic is pretty competitive with Chinese designs... But where will they make the chips and assemble the miners for mass production that would make the price more competitive? I believe it will still end up to be "Made in China". Haha.
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