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Best Way To Mine Bitcoins - Allow Errors!

An anonymous reader writes: A recent paper from the University of Illinois at Urbana-Champaign shows that bitcoin mining profits can be increased considerably if mining hardware is allowed to produce occasional errors. The research shows that mining hardware that allows occasional errors ("approximate mining") can run much faster and take up less area than a conventional miner. Furthermore, the errors that are produced by the miner do no corrupt the blockchain since such errors are easily detected and discarded by the bitcoin network. Mining profits can increase by over 30%.

3 of 167 comments (clear)

  1. Re: Shifting the workload onto other people? by slashping · · Score: 3, Interesting

    No, the false positives are easy to detect locally. A regular CPU in your PC could detect a false positive in much less than a microsecond, and the number of false positives would be small to start with.

  2. Re: Shifting the workload onto other people? by WarJolt · · Score: 1, Interesting

    You got it wrong. Democrats are the ones creating jobs to fix their mistakes.

  3. Re:Standard academic practice by Anonymous Coward · · Score: 2, Interesting

    > That's why the peer review process exists - it significantly cuts down the amount of BS that makes it to "print".

    Tell that to the "soft science" journals. I did my postgrad degrees in stem, but studied psychology as an undergrad. The math in every single psych paper I've read from 1970 onward is not only wrong as fuck, but so wrong that everyone with even a modicum of sense for basic statistics will be able to instantaneously figure out that it's garbage. My favorite was when one paper that experimented on a whopping 6 subjects deduced a -10% margin of error (or, at least, that's what it would have had to have been to be consistent with their conclusion).

    This was in Science, by the way.