While the bitcoin P2P network serves the general needs of a broad variety of node types, it exhibits too high network latency for the specialized needs of bitcoin mining nodes.
((("bitcoin network", "Bitcoin Relay Networks")))((("Relay Networks")))While the bitcoin P2P network serves the general needs of a broad variety of node types, it exhibits too high network latency for the specialized needs of bitcoin mining nodes.
Bitcoin miners are engaged in a time-sensitive competition to solve the Proof-of-Work problem and extend the blockchain (see <<mining>>). While participating in this competition, bitcoin miners must minimize the time between the propagation of a winning block and the beginning of the next round of competition. In mining, network latency is directly related to profit margins.
judymcconville@roadrunner.com
7 years ago