[Bitcoin-development] BlockPow: A Practical Proposal to prevent mining pools AND reduce payoff variance:

slush slush at centrum.cz
Thu Jun 19 20:55:48 UTC 2014

Miner issues are just one thing what came to my mind. What about validating
transactions? How the pool can be sure that miner is running up to date
bitcoind which do full validation of transactions? Not talking that if
every miner takes his own set of transaction, pool need to calculate merkle
root for every submit, to check its correctness.

I don't think it *cannot* be done, it is just extremely hard and there's no
economic motivation for such complication on pool side. Just see current
pools, they are full of security and stability bugs even while using such
trivial protocol like Stratum...


On Thu, Jun 19, 2014 at 10:39 PM, Mark Friedenbach <mark at monetize.io> wrote:

> Do you need to do full validation? There's an economic cost to mining
> invalid blocks, and even if that were acceptable there's really no
> reason to perform such an attack. The result would be similar to a block
> withholding attack, but unlike block withholding it would be trivially
> detectable if/when full validation was performed.
> To protect yourself and to detect incorrect mining software you could
> stochastically validate a randomly selected sample of shares, as your
> hardware requirements allow.
> On 06/19/2014 01:26 PM, slush wrote:
> > With GBT, simply hashing the block header is not enough, because pool
> > cannot rely on anything provided by the client. Its not only about
> > things like withdrawal attacks, but more about hidden bugs in various
> > miners. It is extremely hard to do full validation for *every* of
> > submitted shares.
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