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Author Topic: [Expired] [Bounty] Improve "Analysis of Bitcoin Pooled Mining Reward Systems"  (Read 1571 times)
Meni Rosenfeld
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November 17, 2011, 06:32:46 PM
 #1

In an effort to improve the quality of my paper Analysis of Bitcoin Pooled Mining Reward Systems, I am offering rewards for people who submit errata. Every factual error reported will be rewarded with one hexadecimal Bitcoin (0.16777216 BTC). Every valuable suggestion is worth 0.01048576 BTC - comments on content, structure, prose, format, style, spelling, grammar and typography are all welcome. Reports can be given here, in the main thread about the paper, or in a PM.

Some additional rules are:

1. The decision what constitutes an error, a suggestion or neither is entirely my own. Generally, a necessary condition to be either is that it leads me to make a change to the paper.

2. I can discontinue or change this offer at any time.

3. Only the first time each particular report is given will be rewarded, and only if it is relevant as of the most recent version.

4. If you specify a receiving address, I'll send to it. If not, I'll send to your signature address. If you don't have one, or if you explicitly waived the bounty, I will not send it.

Remember, your contribution to making this work better is worth much more than the bounty. It is a token of my gratitude, not a replacement for it. Don't let the small amount or any other consideration discourage you.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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DeepBit
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November 17, 2011, 09:00:28 PM
 #2

Why are you using hexadecimal amounts ?

Welcome to my bitcoin mining pool: https://deepbit.net ~ 3600 GH/s, Both payment schemes, instant payout, no invalid blocks !
Coming soon: ICBIT Trading platform
Meni Rosenfeld
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November 17, 2011, 09:52:14 PM
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Why are you using hexadecimal amounts ?
It's a reference. But I won't spoil the fun by mentioning it explicitly.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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November 17, 2011, 09:55:30 PM
 #4

2^20 and 2^24... hmm.

(BFL)^2 < 0
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November 18, 2011, 12:31:06 PM
 #5

This paper is absolutely important for pool ops and for miners who want to make informed decisions about where they mine. I find it best to read small parts at a time and then reread them.

Some people (like me) learn quicker visually and charts can help make some points more understandable. Some sort of visual representation of miner payout variance for PPLNS vs xMPPS, or the DGS fees affect miner payout variance vs operator risk. I usually end up mentally translating the functions to a chart in order to understand them - it would be good to have examples I know are correct.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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deepceleron
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November 18, 2011, 01:02:21 PM
 #6

2^20 and 2^24... hmm.

Of course, one less than that, and it would be like a big FFFFFF you.

Meni Rosenfeld
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May 23, 2013, 01:31:40 PM
 #7

This offer is no longer valid since each bitcoin is now worth much more than back then; and there's no sufficient demand to justify coming up with updated values.

In case this wasn't clear, this offer was heavily inspired by Knuth reward checks.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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