Cryptocurrency Miner Multicast Register Read
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
The winner-takes-all compensation scheme in cryptocurrency mining leads to an arms race for more efficient miners, resulting in increased competition and risks for miners, which conventional mining approaches have struggled to address effectively.
Innovation Solution
The development of a cryptocurrency network with multiple miners and mining pools, where miners or members of a mining pool share processing power and split rewards based on the work contributed, to mitigate the risks associated with the winner-takes-all compensation scheme.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If miners compete in a winner-takes-all compensation scheme, then mining efficiency increases, but risk and competition intensity worsen
Solution Approach 1:
The patent divides the mining operation into independent mining devices that can be individually controlled and rewarded. Each mining device operates as a separate entity that can contribute to block validation and receive compensation, allowing the system to segment the high-risk mining process into smaller, manageable units with individual risk profiles.
Solution Approach 2:
The patent combines multiple mining devices into a coordinated network that works together to validate blocks. By merging individual mining operations into a collective effort, the system achieves both the efficiency of competition and the risk mitigation of collaboration, as multiple devices can contribute to the same block validation success.
2Reliability
If multiple miners share processing power and rewards, then risk is reduced, but individual reward frequency decreases
Solution Approach 1:
The patent segments the reward distribution by allowing individual mining devices to receive separate compensation for their contributions. Instead of pooling all rewards and distributing them periodically, each mining device can be rewarded independently based on its specific contributions to block validation, maintaining both stability and frequency.
Solution Approach 2:
The patent implements a feedback mechanism where mining devices receive immediate or frequent compensation signals based on their performance. This feedback loop ensures that individual miners are rewarded promptly for their contributions while the overall system maintains stability through coordinated operation of multiple devices.
Data Source
AI summary
Multicast reading of compute module registers is disclosed. A cryptocurrency miner comprises a serial bus, compute modules, and a miner controller coupled to the compute modules via the serial bus. The miner controller issues a multicast read command via the serial bus and receives values from respective registers of a first plurality of compute modules. The miner controller may initialize the compute modules with register set configurations that identify respective registers and latencies for returning values from such registers.