Thread by @LeahWald

The open-source ball is rolling again!

@braiins just unveiled their new plans for a complete and fully transparent #BTC mining stack upgrade, featuring a fully transparent mining stack, including mining software and a new mining protocol — Stratum V2. braiins.com/upgrade

@braiins 2/ Mining has always been difficult for me to understand but when @fluffypony, @WhalePanda, @SatoshiLite & @Excellion threw me into moderating the mining panel at #MCC, I started researching like a maniac… and got hooked

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion 3/ Albeit, I was already pretty hooked & dead set on getting my miner up and running about @janbraiins' demo in Malta at @ToneVays & @Blockstream @UnderstandBit
but was still a complete noob (still am, but trying)

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 4/ But after I read Braiins' announcement, my mind started reeling with excitement. Could the new cgminer replacement software, #bOSminer, really become the new quality standard?

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 5/Seems like it can help mining pools reduce payout variance of mining individuals & has a clean codebase. And- to protect hash rate hijacking, protocol messages are cryptographically signed by the upstream pool and the software is written in the ‘memory-safety-first’ Rust. Sweet

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 6/ The stack replacement also runs around the idea of open source as a security measure. A reason they’re replacing cgminer as parts of cgminer were slowly moved out to layers that allow the manufacturers to stay closed source.

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 7/ Crypto controversy: Is the BetterHash effort better than the bOSminer protocol (optimized OS stack on Linux), albeit in the draft/prototype stage along with the than cgminer replacement (the current software running in most mining device firmwares including Braiins OS)?

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 8/ Or are they not in the competition since the inspiration was from BetterHash proposal of providing a custom job selection mechanism but with added elements that they integrated the idea into Stratum V2.
BetterHash BIP: github.com/TheBlueMatt/bi…

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 9/ This upgrade is exciting for others in the industry like the manufacturers because working together on upgrades like this makes it possible to invent better protocols, standards, pools, & create better OS & better platforms to be compatible

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 10/ With PoW concurrency between miners, it forces them to optimize all infrastructure, including software, protocols, miners as hardware. Which also makes BTC is also more competitive, efficient and faster.
PoS doesn't force PoS'ers to optimize anything.

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 11/ Disclaimer: I am, and have always openly been, a big fan of Braiins OS. Happy to write that disclaimer because I fully believe that open and decentralized mining makes Bitcoin stronger and more censorship-resistant. So, who is gonna jump in and join the initiative?

@braiins @fluffypony @WhalePanda @SatoshiLite @Excellion @janbraiins @ToneVays @Blockstream @UnderstandBit 12/ I am no mining expert (am definitely still eagerly learning)- so, please jump in and let me know where I'm wrong and add your thoughts on the subject!

@braiins Wow! It's @braiins_systems !!! Note to self: never try a tweet-storm from your phone! Sorry for that Braiins

@crypto @Cointelegraph @coindesk @_CryptoCurator thoughts on mining upgrade especially in light of recent BTC price action ? @TheStalwart