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static/delvingbitcoin/Dec_2024/3859_Timewarp-attack-600-second-grace-period.xml
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<?xml version='1.0' encoding='UTF-8'?> | ||
<feed xmlns="http://www.w3.org/2005/Atom"> | ||
<id>1</id> | ||
<title>Timewarp attack 600 second grace period</title> | ||
<updated>2024-12-26T02:17:57.907376+00:00</updated> | ||
<author> | ||
<name>zawy 2024-12-25 21:23:29.642000+00:00</name> | ||
</author> | ||
<generator uri="https://lkiesow.github.io/python-feedgen" version="0.9.0">python-feedgen</generator> | ||
<entry> | ||
<id>1</id> | ||
<title>Timewarp attack 600 second grace period</title> | ||
<updated>2024-12-26T02:17:57.907413+00:00</updated> | ||
<link href="https://delvingbitcoin.org/t/timewarp-attack-600-second-grace-period/1326/17" rel="alternate"/> | ||
<summary>In discussing the intricacies of blockchain mining strategies, a nuanced exploration reveals the limitations and potential gains associated with adjusting block rates and employing private mining tactics. The analysis begins by addressing the challenge of increasing the block rate by 10% which necessitates having more than 50% control of the network and engaging in private mining for at least 212 periods to effectively delay the Median Time Past (MTP). This approach contrasts sharply with the public mining requirement of near-total control (approximately 99%) to achieve similar outcomes. | ||
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Private mining presents a unique advantage by allowing a miner to generate 50% more blocks per unit of time compared to public mining once the first adjustment has been made. However, this method does not yield a 10% gain due to the dynamics of difficulty adjustments across mining cycles. An initial delay of 600 seconds during the first cycle can lower the difficulty sufficiently to secure an extra block in the second cycle. Yet, this leads to an increase in difficulty in the subsequent third cycle, neutralizing any potential cumulative advantage unless the -600 second adjustment is replicated in every cycle. Consequently, the miner's ability to gain additional blocks is restricted to one per cycle, undermining the long-term viability and significance of such a strategy when considering the broader scope of mining operations. | ||
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The detailed breakdown of blocks per cycle under different scenarios further elucidates the negligible benefits yielded by these complex strategies. For instance, after implementing a private mine with a -3 hour timestamp adjustment, the comparative gain over a standard private mine is a mere 0.05%, with a -3 hour limit contributing to a 0.9% gain. Such marginal improvements underscore the disproportionate effort required to manipulate mining variables for relatively insignificant returns. | ||
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Moreover, maintaining the last cycle's timestamp at the current time offers no strategic leverage in manipulating the mining outcome. The only tangible benefit derived from these maneuvers is the extended time available for mining – an additional week beyond what would be possible without these adjustments. However, even after 112 cycles, this methodology yields less than 2% of the excess gains achievable through straightforward private mining, emphasizing the limited utility and effectiveness of attempting to outmaneuver the system's inherent checks and balances designed to maintain fairness and difficulty equilibrium.</summary> | ||
<published>2024-12-25T21:23:29.642000+00:00</published> | ||
</entry> | ||
</feed> |
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