Meni Rosenfeld is Founder of Bitcoil and Chairman of the Israeli Bitcoin Association. Having organized several meetups and conferences in Israel, he is a very active member of the Israeli Bitcoin community. Meni has been studying mining pool reward methods for several years and in 2011, wrote a paper titled “Analysis of Bitcoin Pooled Mining Reward Systems”. This research gave him a broad understanding the reward system landscape and the issues with many of the methods used by pools. He later wrote proposals for alternative non pay-per-share methods and which would render pool hopping impossible: the geometric method and double geometric method.
Links:
- Mining Pools Reward Methods Talk - Bitcoin 2013 Conference (YouTube): http://bit.ly/1whIxT2
- Analysis of Bitcoin Pooled Mining Reward Systems (paper): http://bit.ly/1zyyQ7v
- Summary of mining pool reward systems (paper): http://bit.ly/1xutjto
- Analysis of hashrate-based double-spending (paper): http://bit.ly/1wAry12
- Meni Rosenfeld's vanity thread (Bitcoin Talk Forum): http://bit.ly/1v2QzMC
- Geometric method (Bitcoin Talk Forum): New cheat-proof mining pool scoring method: http://bit.ly/1zdoNnv
- Double geometric method (Bitcoin Talk Forum): Hopping-proof, low-variance reward system: http://bit.ly/1DS4knV
- Mine in multiple pools to reduce variance (Bitcoin Talk Forum): http://bit.ly/1wBAv6R
- Multi-PPS (Bitcoin Talk Forum): http://bit.ly/12OytYe
- ASIC will not centralize Bitcoin mining (Meni’s blog): http://bit.ly/1tYfial
- Blocksize Economics by Gavin Andresen (Bitcoin Foundation): http://bit.ly/10uKcdq
- Proof of Activity: Extending Bitcoin’s Proof of Work via Proof of Stake (paper): http://bit.ly/1v2QN6t
- Israel Bitcoin Meetup Group: http://bit.ly/10uKaCz
- Israeli Bitcoin Community Facebook Page: http://on.fb.me/1wuunyb
Sponsors:
Fairlay: http://fairlay.com/epicenter
Bitcoin difficulty over 75B by the end of the year: http://bit.ly/1w85tW3
Show notes: http://epicenterbitcoin.com/podcast/049
Running time:
Epicenter Bitcoin is hosted by Brian Fabian Crain & Sébastien Couture and is available on iTunes, SoundCloud, Mixcloud, Stitcher and other podcast aggregators.
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