04:51:22 <wowario> tevador: updated the proposal with your clarification
04:52:00 <wowario> sech1: also noted your concern about security deposits
04:55:24 <wowario> regarding security deposits point, wouldn't the large pools require more than 1 block reward deposit if they are mining many blocks in a given time frame.
04:57:42 <wowario> for an example, in the case of wownero, c3pool has mined 53% out of the last 100 blocks. wouldn't large pools demand higher deposit requirements than smaller ones?
06:22:02 <sech1> wowario it depends on how many blocks a single miner can mine within block unlock period. So it might be 1 block reward for each MH/s or something.
06:22:16 <sech1> Because as soon as the pool sees that block reward was stolen, it bans that miner
06:22:54 <wowario> wownero has dynamic coinbase unlock times up to 1 month
06:23:03 <sech1> After the ban, the only thing that a miner can steal are pending blocks mined by him
06:24:44 <sech1> Also, signing with private spend key makes botnets impossible. Anyone can steal the keys from infected PCs, lol
06:25:30 <wowario> was considering even bumping up the unlock times up to 1 year https://git.wownero.com/wowario/wownero/commit/dcc501c5176131edf9cc7109cf816ef88083cb88
06:25:42 <sech1> it can be solved by generating different key for each PC in the botnet though
06:27:20 <sech1> and changing that key every block for all PCs
06:27:45 <sech1> it puts relatively high load on the botnet controlling servers
06:38:02 <sech1> same logic applies to dev fee. xmrig can generate different keys for each connection, so even if the miner decides to steal the block, it's just equivalent of that miner disabling dev fee
06:56:28 <wowario> yeah, the majority of miners who don't bother with compiling binaries without the dev fee, wouldn't go through the trouble of stealing blocks and frequently changing addresses
06:56:57 <wowario> they usually follow the path of least resistance
07:00:37 <sech1> dev fee and botnets are still possible, but pools will require deposits to remove incentive of stealing blocks
07:01:05 <sech1> because if you mine a block in a pool, you only get a small share of it if you don't steal it
07:02:01 <sech1> with botnets/dev fee stealing a single key is equivalent to just using that PC all for yourself if that key is only used once