I’m planning to create a Raspberry Pi Cluster in order to run several bitcoin nodes. Can I share parts of the ~/.bitcoin/ folder in order to not have to store the entire hundreds of GB for each of the nodes? My idea would be that one of the nodes has an external hard drive with the bulk data and the others make use of it over nfs or smb.
Any ideas or even experience on this?
The example code for psbt.addOutput() with address ‘1KRMKfeZcmosxALVYESdPNez1AP1mEtywp’ works as expected. But if I change this to an testnet address I get this error: ‘ has no matching script’. I expect I need to specify testnet somewhere, but do not know where.
const psbt = new bitcoin.Psbt();
psbt.addInput({
hash: 'b881ecef041a7396f3c225644507955732ae98d4a736de7b9ac235c69e1eb182',
nonWitnessUtxo: Buffer.from(
'020000000001012aa24043833303b066cf10...1a1800',
'hex',
),
});
psbt.addOutput({
//address: '1KRMKfeZcmosxALVYESdPNez1AP1mEtywp', <- works
address: 'mhm89vYkAjmU3MWUtyCUcsYYUvkgXT1FAw',
value: 7240446, //was 7250446
});
I am using Bitcoin Core bitcoin-cli with getdescriptorinfo like so:
curl --data-binary '{"jsonrpc": "1.0", "id":"curltest", "method": "getdescriptorinfo", "params":["sh(multi(2,[3c60330a/1]03061b79f20d49790c15bdaf15ec8db6d75275f62f04a56eaac31f5c2db48736fc,[d54e4481/1]0396bd8d30f0128dcc67e143cf46efd686bf9e4dc8587facc07f81bb248d1b0209,[1e132a06/1]03c77aa842edc8af76b76f5c29a1133b45b78c8c26a170090184e500232abd15a4))#3qpdv9la"] }' -H 'content-type: text/plain;' http://bitcoin:password@127.0.0.1:18332/
But it returns Invalid descriptor (code -5)
What am I doing wrong?
Two parts to this question
1/ There have recently been concerns over drops in hash rate observed on sites such as blockchain.com.
However, my understanding is that hash rate is inferred from the difficulty level and the block intervals.
I am trying to work out the exact formula for the inference of hash rate.
I know that the average time we can expect to find a block in is calculated with the following formula:
average time to find a block = (difficulty * 32 ** 2)/ hash rate
Would that mean that hash rate is inferred with the following formula?
hash rate = (difficulty * 32 ** 2)/ time interval between the last two blocks
2/ I mainly want the first part answered but if you are feeling rosy today, an answer to this second part would be amazing.
Block times are Poisson distributed. I understand that this allows us to calculate the probability that block times increase to such an extent over the course of a day that it infers a 40% reduction in hash rate.
Does anyone know the exact calculation which would let us calculate this probability?
Here’s some rough ideas I have about the calculation:
The following formula allows us to calculate the probability that k events take place in time period t.
P(k in t) = (e ** -lam)*(lam**k / k!)
where lam = (average events which can be expected to be observed per unit of time * t)
The average events which can be expected to be observed in the case of block intervals is 1 block per ten minutes so 1/10
Let’s say we have hash rate dropping 50% over the course of one day, would that imply that we are observing 288 blocks over the course of 1440 minutes?
If I am thinking about this in the correct way, this would mean the calculation is as follows:
P(288 blocks in 1440 minutes) = (e ** -(144)*((144**288)/288!)
Not sure if this calculation is correct. But to take it further, this would calculate the small probability of exactly 288 blocks being found in 1440 minutes. But if it were possible to calculate the Poisson distribution of block intervals, we may be able to find the probability of finding greater than or equal to 288 blocks in 1440 minutes.
As you can probably tell, my understanding of the second part of the question is limited so if you have an answer to even just the fist part, that would be amazing!
Running a new install of Ubuntu 18.04.3 LTS and downloading blocks in bitcoin-qt up to over 70% when pgm quits with “Bus error (core dumped)”.
Anyone else gets this or how to fix it? (-rescan didn’t help)
Thanks.
Recently it’s reported that Bitcoin Core will disable BIP70 support by default in the next major release (0.19.0): https://cointelegraph.com/news/sorry-bitpay-new-bitcoin-upgrade-proposal-disables-bip70-by-default
I heard that BIP70 was controversy, especially when BitPay started to force their users to pay through BIP70 since 1 year ago or so, instead of showing the bitcoin address directly to the user.
What’s the problem BIP70 was supposed to solve? Does BIP70 actually provide any advantage or disadvantage? Why did so many people oppose it?
I am a java developer, and currently am looking to create a standalone java class that will let people mine Bitcoin using CPU, but I have no idea if such already exists. I have found one for LiteCoin, but that’s all
I am creating a blank wallet with the intention of adding keys to the keypool but get an error keys can only be imported to the keypool when private keys are disabled
Why? It would be beneficial for users to be able to import their own private keys and get full functionality of the wallet with those keys. Is there any PR for this?
Unfortunately I can’t access dashboard on block.io for some unknown reason. I get the following message from block.io
We’re sorry, but something went wrong. If you are the application owner check the logs for more information.
I have private keys from block.io. I want to transfer the funds in block.io to another address.
What is the program in Python that print information about the current block the world try to mine (I mean Version, Previous Block, Merkle Root, Time, Bits) plus how many zeros we are looking for for the output of the hash!