Clowning Around at OMI's 2015 Great-Get-Together

Clowning Around at OMI's 2015 Great-Get-Together

A big thank you to everyone who attended our carnival themed 2015 Great-Get-Together on Wednesday, June 10th.  We had a great weather, great food and great fun!  From face painting to carnival games to music by DJ Chaz Blakk there were plenty of smiles all around. 

 

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1. ValeraSea wrote:

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full nodes run the original bitcoin core wallet, or implement the bitcoin protocol, and form the backbone of the network. these nodes help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes. pools tend to host full nodes for the their miners, in this way many thousands of miners could be using the same full node at the same time. taken together, these two situations make counting the number of miners much more complex than most people would think. thankfully, at least one miner and statistician has been keeping tabs on the situation. it's filled with impressive statistical analysis and many different types of colorful charts on every page. if the price of bitcoin doesn’t cover the overheads of mining, miners will tend to stop. monetary system geyl has a background which enables him to collect data on miners, and make it presentable. interestingly, he says that it was his day job in healthcare that gave him the statistical knowledge and experience he needed, as a starting point, to analyze bitcoin mining pool data and the bitcoin network. cryptocurrencies in general and bitcoin in particular are new and evolving areas. there are so many things left to be discovered and contributions to be made, even by someone like me who only researches in his spare time.” this may sound like a surprisingly large number to some people, especially given the size of the fledgling bitcoin industry as a whole, but it’s not the highest this number has been.

when asked how he was gathering this data, geyl replied that it's an extrapolation of statistical user data provided from different pools. this data includes the number of accounts at each pool and their cumulative hashing amounts. to ensure that miners can't be identified, and that no ones' privacy is being breached, geyl makes sure to only receive anonymized statistical metadata. there is nothing to identify any particular user account.” unfortunately, as time goes on the proportion of miners geyl has data for is becoming less and less accurate. the newer pools are reluctant to share user data, no matter how anonymized. as these pools become more popular the percentage of all miners that he has data on gets smaller. so it's quite possible that the estimate is becoming progressively more inaccurate.

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Fri, August 3, 2018 @ 1:57 AM

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