Mining Panel
summary
Mining history shows a few concrete failures and fixes: the old P2Pool model collapses around 2015 due to latency sensitivity and Bitmain S7 coinbase size limits, while modern work builds stratum V2 to give miners transaction-selection, encrypted/authenticated channels (closing BGP hijack attacks) and a reference SRI implementation for compatibility. Fast relay networks reduce propagation to milliseconds. New designs try a DAG reboot (braid pool) using MuSig2/FROST multisigs, and proposals link mining payouts to Lightning hubs; selfish‑mining profitability still centers near ~33% and is detectable via rising orphan rates.
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chapters (15)
- 0:00Bitcoin mining panel intro
- 0:55Mining designs and pool history
- 3:02Pool dominance risks
- 4:08P2Pool rise and fall
- 7:39Stratum V2 decentralized selection
- 9:03Stratum V1 security flaws
- 13:34Block propagation networks
- 17:04Stratum V2 reference impl
- 18:51Stratum V2 modular protocol
- 21:56Stratum V2 prevents censorship
- 22:18Braid Pool decentralized future
- 24:45ASIC boost hardware trends
- 30:42Mining hardware energy future
- 34:39Selfish mining detection
- 36:26Q&A
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