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Questions tagged [mining-theory]

Questions about the function, reason for, and underlying concepts of mining.

1
vote
1answer
189 views

Where is the public key/output for the miner reflected on the blockchain?

One of the ways that I can understand how Monero demonstrably works, despite the opacity of the blockchain, is that the inputs used in transactions (whether mixin decoys, or the actual one-time public ...
3
votes
0answers
77 views

As a pool operator how can I setup having my pool payouts be mined with a 0 fee?

I was just wondering because some people talk about mining my pool payout transaction in a block with a 0 fee. How would someone go about doing this properly?
7
votes
1answer
139 views

Could (merge) mining provide a vector for deanonymization?

With the recent news that Digitalnote (XDN) is implementing merge mining in an effort to boost the hashrate by basically piggybacking off of Monero, I was wondering if this could lead to some leakage ...
2
votes
2answers
4k views

What are the benefits of restricting difficulty while mining?

Virtually all the mining pools I have seen specify a few ports with differing initial difficulties. The difficulty adjusts automatically according to your hash power. I notice that monerohash now ...
5
votes
2answers
529 views

What happens as monero network hash rate decreases

I've noticed the network hashrate has decreased, does that mean anything for overall monero future. What happens if the network hashrate gets too low? What level is dangerously low? Just wondering, ...
6
votes
1answer
301 views

What stops the miner or the pool owner from cheating?

Jafar the malevolent pool owner checks for solved blocks, any only allows a percentage to go to the pool bounty, and the remainder going to his personal secret bounty. To the miner, it is ...
8
votes
2answers
3k views

What is actually happening when you pool mine? What is a share? [duplicate]

When I connect to a miner, I recieve a 'job', process that 'job', and send back 'shares'. Somehow this means that I earn Monero for my investment in GPUs and electricity. What is actually happening ...
4
votes
1answer
1k views

What are the bandwidth and latency requirements of a miner? What is the total data usage per week?

If I were to run a standard 6-GPU miner, what would be the expected data usage, bandwidth and latency requirements? Is this something that could feasibly by run of a cheap 4G plan?
1
vote
2answers
864 views

How exactly does mining software work?

If I had time I would read the source code, but could someone tell me a human readable version of it?
4
votes
1answer
126 views

Why does mining generate new coins on a fresh testnet?

So far I thought that mining is the process, when the network verifies transactions. When a transaction is verified, it gets added to the blockhain. In other words, a new block has been found. Then ...
15
votes
2answers
4k views

Will Monero ever move to Proof of Stake (PoS)?

As an ecological dilemma, burning a lot of energy via PoW seems not to align with the progressive agenda of an aspiring global cryptocurrency.
6
votes
3answers
163 views

After major coin issuance, what must the minimum XMR price be to incentivize network security?

I'm curious about the tail emission and transaction fees after major coin issuance. What is the minimum value that 1 XMR must sustain as an incentive for miners to continue maintaining network ...
11
votes
1answer
286 views

Which reasons were discussed for potentially changing the proof-of-work algorithm?

Which reasons were discussed for potentially changing the proof-of-work algorithm to something else in the future (Cuckoo cycle in particular)?
5
votes
1answer
421 views

How can I compile a mining software for my mac computer that uses an NVIDIA GPU?

Please, don't ask me why. I have a computer that runs OS X on it with a NVIDIA GPU card. I would like to compile my mining software for GPU mining, but I don't find any info at all about this on the ...
7
votes
2answers
628 views

How do full nodes vs miners secure the network differently?

If I run a full node I am supposedly contributing to network security by keeping a copy of the blockchain If I mine (via pool or solo) I contribute to the network through verification of blocks How ...
12
votes
2answers
2k views

Mining Monero with Pencil and Paper

People have successfully performed SHA-256 hashing with pencil and paper If I wanted to perform the CryptoNight PoW by hand how would I do so? Are there any PoW instructions that a human with a ...
9
votes
4answers
3k views

Why does Monero use proof of work?

Why does Monero use proof of work instead of something that saves electricity like proof of stake? Have there been any serious to abandon PoW for PoS at some point similar to the plan of Ethereum ...
0
votes
1answer
161 views

Which country operates the most Monero nodes per capita?

Which country operates the most Monero nodes per capita? Do miners in countries with the most nodes have an advantage due to better average network propagation times?
23
votes
3answers
4k views

What is the purpose of the tail emission?

What is the purpose of the tail emission? How does it relate to dynamic block sizes and miners penalties?