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Author Topic: Where to get large amount of testnet coins? (~2.5BTC)  (Read 977 times)
PrimeNumber7
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October 09, 2021, 02:38:16 PM
Merited by ABCbits (1), n0nce (1)
 #41

Is there any good reason why so many miners are apparently mining it?
They must have an incentive. I can't really believe that paying the hosting of a faucet website plus the mining costs are less than the ad revenue, but they must have a profit somehow, otherwise they wouldn't mine. That profit may not be translated into money.

My best guess is that testnet is used to test custom mining software, and any improvements and/or bugfixes to mining software. It may also be used to test things intended to reduce orphaned blocks of the miner.
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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n0nce
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October 09, 2021, 02:53:18 PM
 #42

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Then I would probably just setup regtest and mine in there. (not sure if this is possible but I think you can mine on regtest)
It is possible even if you use CPU for mining, but when I tried it, I had a lot of stale blocks, because the difficulty was too easy and mining was faster than sending blocks to the clients.
Can't you just increase the difficulty? Actually, it should self-adjust in Bitcoin, after 2016 blocks.

Is there any good reason why so many miners are apparently mining it?
They must have an incentive. I can't really believe that paying the hosting of a faucet website plus the mining costs are less than the ad revenue, but they must have a profit somehow, otherwise they wouldn't mine. That profit may not be translated into money.

My best guess is that testnet is used to test custom mining software, and any improvements and/or bugfixes to mining software. It may also be used to test things intended to reduce orphaned blocks of the miner.
Okay, this makes the most sense to me right now! I imagine Bitmain and the other ASIC manufacturers all pre-test their hardware for a bit of time before shipping it. Especially during the development of new generation miners, they might not want to use mainnet directly, so they point those beasts towards the testnet. Sounds plausible!

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garlonicon
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October 09, 2021, 03:23:56 PM
 #43

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Can't you just increase the difficulty? Actually, it should self-adjust in Bitcoin, after 2016 blocks.
It is fixed to 0x207fffff for regtest, you can try mining 10k blocks by running: "generatetoaddress 10000 YourAddress" and check difficulty for the latest block.
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October 09, 2021, 04:08:06 PM
 #44

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Can't you just increase the difficulty? Actually, it should self-adjust in Bitcoin, after 2016 blocks.
It is fixed to 0x207fffff for regtest, you can try mining 10k blocks by running: "generatetoaddress 10000 YourAddress" and check difficulty for the latest block.
Mm right, that's a pity. If / when I'll be building and testing my own miner, I will then probably just change that constant and recompile it so that I can achieve e.g. a 1 minute block time to verify that the device is working as expected. But it would be cool if it was self-adjusting like mainnet every 2016 blocks. Maybe even with an optional flag that sets the block time target (e.g. 1 minute for testing purposes instead of 10).

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October 10, 2021, 04:24:39 AM
Merited by ABCbits (1), n0nce (1)
 #45

Mm right, that's a pity. If / when I'll be building and testing my own miner, I will then probably just change that constant and recompile it so that I can achieve e.g. a 1 minute block time to verify that the device is working as expected. But it would be cool if it was self-adjusting like mainnet every 2016 blocks. Maybe even with an optional flag that sets the block time target (e.g. 1 minute for testing purposes instead of 10).
We have 4 networks (I'm not familiar with Signet so I will skip it).
- MainNet where difficulty adjusts each 2016 blocks
- TestNet where difficulty adjusts each 2016 blocks but on every block the time is checked and if there weren't any new blocks in the past 20 minutes it falls down to minimum difficulty = 1
- RegTest where there is no difficulty adjustment and the target stays at lowest value to allow blocks to be mined within seconds
Each of these networks serve a different purpose, eg. TestNet is there to mimic the MainNet but at the same time we don't want to cause a huge gap between blocks if difficulty were high and nobody was mining it anymore. RegTest is there to allow you to quickly acquire any amount of [test]bitcoin and be able to test anything without needing to experience a bottleneck caused by mining.

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