Author: Peter Todd 2013-11-04 22:03:17
Published on: 2013-11-04T22:03:17+00:00
In this email conversation, Alan Reiner and Peter Todd discuss the possibility of a miner monopolizing good connections to gain an advantage in the mining process. They both agree that low-latency and good visibility to the network are crucial for winning orphan rates, but it comes at a high cost. They suggest randomizing the order of broadcasts to de-incentivize such behavior. However, they also acknowledge that most solutions tend to be economically irrational or even incentivize mining pools to become larger. Overall, they conclude that if there is a single selfish-miner amongst a network of honest miners, the honest miners can establish connections to each other and eventually orphan away the selfish-miner's profit.
Updated on: 2023-06-07T19:11:00.508570+00:00