What is a BIP (Bitcoin Improvement Proposal)? Why do you ...
It has taken me a long time, but I finally committed ALL of my resources to BIP 101 - bitcoin xt
I run two full nodes and a small miner. I switched on full node to xt when all of this started, but now I'm fed up. I switched my miner back to slush's pool today and I updated my other node to bitcoinxt. Sometimes it just feels refreshing to do the right thing. If you want to move your miners to slush's pool and show your support for 8mb blocks (aka: bitcoinxt, BIP 101), set up an account at http://mining.bitcoin.cz and use these mining addresses: stratum+tcp://stratum.bitcoin.cz:3301 - General stratum+tcp://us-east.stratum.bitcoin.cz:3301 - USA stratum+tcp://eu.stratum.bitcoin.cz:3301 - Europe Slush is re-enabling BIPB101:https://bitcoinmagazine.com/articles/slush-pool-to-re-enable-bip-bitcoin-mining-1448902761 If you want to set up bitcoixt, it's pretty easy to just remove bitcoind and run the binary linked here: https://bitcoinxt.software/ You can find more information about bitcoinxt blocks here: http://xtnodes.com/
What's the threshold for the hardfork? For instance, in bitcoin, BIP 109 uses a 75% threshold. It won't even attempt to hardfork unless at least 75% of the mining power signals support for it. This avoids a two-chain scenario. What's the threshold for this hardfork?
Additionally, won't the no-fork purists reject the hardfork even if it wins out? Technically, if say 40% of the miners refuse to support the hardfork, they can continue mining on the existing blockchain, and simply ignore the chain that's created in the fork. Is anyone else worried or interested in this? I'd love to hear your thoughts.
What is better, joining a XT mining pool or purchasing a 21 bitcoin computer to mine BIP 101 blocks?
What do users do who want to help raise mining BIP 101 blocks but don't have professional mining hardware? If enough people have the same goal (BIP 101), can't we get a substantial percentage of hashing power?
06-05 08:22 - '1. / August 2017 - Bitcoin Independence Day / You can download an UASF Node here and take your power back: / [link] (Scroll down to select your OS) – 11% are already on board :-) / Join a BIP 148 mining pool: / slushpoo...' by /u/Lite_Coin_Guy removed from /r/Bitcoin within 107-117min
''' 1. August 2017 - Bitcoin Independence Day You can download an UASF Node here and take your power back: [link]1 (Scroll down to select your OS) – 11% are already on board :-) Join a BIP 148 mining pool: slushpool.com ''' Context Link Go1dfish undelete link unreddit undelete link Author: Lite_Coin_Guy 1: www**asf.*o/ Unknown links are censored to prevent spreading illicit content.
06-05 08:22 - '1. August 2017 - Bitcoin Independence Day / You can download an UASF Node here and take your power back: / [link] (Scroll down to select your OS) – 11% are already on board :-) / Join a BIP 148 mining pool: / slushpool.com' by /u/Lite_Coin_Guy removed from /r/Bitcoin within 97-107min
But the community, in general, would like to see Bitcoin with improved features rather than using different coins. Indeed, at the moment, there are important Bitcoin Improvement Proposals (BIPs) that aim to improve Bitcoin’s capabilities to preserve user’s privacy. But which are those changes that developers may implement? As mining hashrates grow, some miners may need the ability to request a lower target from their pools to be able to manage their bandwidth use. What is the purpose of the "hash" transaction list format? Non-mining tools may wish to simply get a list of memory pool transactions. Humans may wish to view their current memory pool. Reference ... The list of BIPs submitted so far to the Bitcoin community can be found here. Types of BIPs. There are three major types of BIPs: 1. Standards Track BIPs – Such types of BIPs entail making changes to the network protocol, block, or transaction validation method. It also intends to affect the interoperability of the two versions of BIPs or ... While most BIPs have the potential to affect the Bitcoin blockchain positively, some hold more promise than others. In this article, we profile the three most promising bitcoin improvement proposals. A Bitcoin Improvement Proposal (BIP) is a standard for proposing changes to the Bitcoin protocol, or in some cases a source for information for the Bitcoin community. Additionally, some BIPs are proposed changes to the BIP process itself. BIPs can include consensus-critical changes (like soft fork ...
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