Bitcoin Forum
September 27, 2018, 10:05:19 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Idea: Announcing best PoW reached prior to mined block  (Read 370 times)
Hawkix
Hero Member
*****
Offline Offline

Activity: 519
Merit: 500



View Profile WWW
April 05, 2014, 05:01:27 PM
 #1

What if miners announced on the network the best PoW reached prior to finding the mined block?

This could kind of close the gap between "0 confirmation" and "1 confirmation". Anyone can check if his transaction is being worked on, because e.g. 50% of difficulty target reached indicate that some work was already spent on that.

For given TXID, the network would return a block containing that TX together with best target reached, so anyone can verify it.

The only problem with this is how to prevent overloading the network/miners with bogus requests/DoS.

Donations: 1Hawkix7GHym6SM98ii5vSHHShA3FUgpV6
http://btcportal.net/ - All about Bitcoin - coming soon!
1538085919
Hero Member
*
Offline Offline

Posts: 1538085919

View Profile Personal Message (Offline)

Ignore
1538085919
Reply with quote  #2

1538085919
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
DannyHamilton
Legendary
*
Offline Offline

Activity: 2198
Merit: 1373



View Profile
April 06, 2014, 12:27:35 AM
 #2

What if miners announced on the network the best PoW reached prior to finding the mined block?

This could kind of close the gap between "0 confirmation" and "1 confirmation". Anyone can check if his transaction is being worked on, because e.g. 50% of difficulty target reached indicate that some work was already spent on that.

For given TXID, the network would return a block containing that TX together with best target reached, so anyone can verify it.

The only problem with this is how to prevent overloading the network/miners with bogus requests/DoS.

And the fact that some miner somewhere happens to be working on your transaction, and happens to have reached an insufficient difficulty tells you absolutely nothing about whether or not your transaction will be included in the next block.  Furthermore, the attacker could broadcast your transaction with an insufficient difficulty.  This seems like a huge load on the network with zero benefit.

Pages: [1]
  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!