On Mon, Jul 06, 2015 at 04:06:36AM +0900, Lodewijk andré de la porte wrote:
Half the net is SPV... MINING???
They got what they had coming, though.
Very strange to not spend a tease on full validation :s
Maybe they hope to save some time and start mining that new block earlier? Seems they lost quite a bit more than they might've ever saved now.
Give me a large mining pool with a dedicated low-latency (worldwide) network and I bet I can show a marginally higher rate of return (more blocks) by running SPV mining software. What's unknown is if the network + wrong-fork costs exceed the return from being able to start mining a new block sooner or not. This is a very small advantage with Bitcoin. But with any short-block coin (litecoin) or the 1-minute altcoins, seconds (or maybe even milliseconds) matter. On the 1-minute alts you could have 40% of the hashpower and probably get 60-80% of the blocks by starting mining earlier and then mining on top of blocks you just found.