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122 sats \ 11 replies \ @SimpleStacker 13h
ELI5 what I'm looking at?
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205 sats \ 2 replies \ @k00b OP 11h
You’re look at mining pool herd mentality or divergence.
Mining pools make block templates for miners. They send them to miners as what we call jobs. Miners don’t want to hash the whole block - only just enough of the block that it rewards them bitcoin - so they hash the block header which contains a Merkle root. This merkle root changes when the block template changes and can be used to verify a tx is present in a block with JUST a branch of the Merkle tree (which is a binary tree … so a branch size is the log of the number of txs). Because the miner spends the coinbase to the mining pool, and the coinbase is used as an extra nonce (something to mutate the hash of the block header in the hopes it’ll have enough zeros at the front when hashed), the mining pool job contains a Merkle branch that the coinbase can be added to to compute a Merkle root. So this is a visualization of the Merkle branches mining pools are sending their miners. If they’re identical they are coordinating.
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21 sats \ 1 reply \ @SimpleStacker 8h
Coordinating or just mostly picking the same tx's coz they're the logical ones to get? Still trying to understand
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0 sats \ 0 replies \ @k00b OP 7h
Good question. Could be either. B10c’s blog goes into evidence in both directions
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22 sats \ 7 replies \ @0xbitcoiner 13h
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41 sats \ 6 replies \ @SimpleStacker 13h
I'm afraid you misunderstood. Explain like I'm this guy
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10 sats \ 0 replies \ @0xbitcoiner 12h
If I understand the graph correctly, it represents the mining similarity between pools. For instance, in the image of this post, BNB Pool, UltimusPool, AntPool, and Poolin are mining the same transactions, as all branches have the same color. The columns represent the branches.
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0 sats \ 4 replies \ @0xbitcoiner 13h
I'm still trying to figure it out! 😂
/cc @0xB10C
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21 sats \ 3 replies \ @0xB10C 3h
What exactly? Happy to help, but I don't know where you are stuck.
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0 sats \ 2 replies \ @0xbitcoiner 2h
My question is how to interpret this chart.
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12 sats \ 0 replies \ @1GLENCoop 9h
I thought about adding a video of the new tool at https://mempool.space/stratum and overlaying it to this video scene to have the https://mempool.space/stratum video appear to be inside the opened case, but then I realized I have no idea how to do that, so instead I'll just post the Pulp Fiction short hoping someone else with video editing skills can do it.
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1 sat \ 1 reply \ @0xbitcoiner 13h
on the site, where is the button for this page?
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1 sat \ 0 replies \ @k00b OP 11h
I don't think there is one yet.
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