public inbox for bitcoindev@googlegroups.com
 help / color / mirror / Atom feed
From: Peter Todd <pete@petertodd.org>
To: Mike Hearn <mike@plan99.net>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Making fee estimation better
Date: Thu, 24 Oct 2013 10:54:47 -0400	[thread overview]
Message-ID: <20131024145447.GA19949@savin> (raw)
In-Reply-To: <CANEZrP1TfM+wYbGjUk3+8JJZs6cKZXdb57xGMc=hDr9dQjMMZA@mail.gmail.com>

[-- Attachment #1: Type: text/plain, Size: 1351 bytes --]

On Thu, Oct 24, 2013 at 04:46:41PM +0200, Mike Hearn wrote:
> Well, miners are all supposed to be more or less equivalent - modulo
> differences in tx acceptance policies - so I'd hope that having out of bad
> fee mechanisms yet still broadcasting the TX isn't that common. If it was
> broadcasted, it should get mined in short order, otherwise things are going
> wrong.

Eligius has contracts to do transaction mining, and it's currently 10%
of the hashing power.

As I said elsewhere, a good use-case for OOB fee payment is for
merchants who use the payment protocol, and want to get their customers
transactions mined as efficiently and cheaply as possible.
(child-pays-for-parent has more blockchain bloat and thus extra expense)

> On Thu, Oct 24, 2013 at 4:43 PM, Peter Todd <pete@petertodd.org> wrote:
> 
> > Anyway, in what circumstance would a customer want an exclusive contract
> > with a miner?
> >
> 
> I was thinking for transactions that aren't standard so have to be
> submitted to miners directly.

Sure, but even then there's no harm in letting more than one miner know
about it.

There's even an existing form of this: P2Pool lets shares be accompanied
by up to 50KB worth of transactions of any form.

-- 
'peter'[:-1]@petertodd.org
000000000000000d2860c825ea223b805c60a33b26b9b70616698033d360b066

[-- Attachment #2: Digital signature --]
[-- Type: application/pgp-signature, Size: 685 bytes --]

  reply	other threads:[~2013-10-24 14:55 UTC|newest]

Thread overview: 22+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2013-10-24 14:30 [Bitcoin-development] Making fee estimation better Peter Todd
2013-10-24 14:38 ` Mike Hearn
2013-10-24 14:43   ` Peter Todd
2013-10-24 14:46     ` Mike Hearn
2013-10-24 14:54       ` Peter Todd [this message]
2013-10-24 20:39         ` Gavin Andresen
2013-10-25  7:07           ` Peter Todd
2013-10-25 12:02             ` Andreas Petersson
2013-10-25 13:29               ` Mark Friedenbach
2013-10-25 14:08                 ` Andreas Petersson
2013-10-25 16:13               ` Peter Todd
2013-10-25 19:35                 ` Jeremy Spilman
2013-10-25 22:13                   ` Peter Todd
2013-10-25  7:51           ` Jeremy Spilman
2013-10-25 22:49             ` Peter Todd
2013-10-26  0:25             ` Gavin Andresen
2013-10-26  7:28               ` Peter Todd
2013-10-28  7:17               ` John Dillon
2013-11-04 10:52                 ` [Bitcoin-development] Zeroconf-safe tx replacement (replace-for-fee) Peter Todd
2013-11-04 11:10                   ` Adam Back
2013-11-04 11:59                     ` Peter Todd
     [not found] <mailman.289181.1382717617.21953.bitcoin-development@lists.sourceforge.net>
2013-10-25 16:40 ` [Bitcoin-development] Making fee estimation better Tamas Blummer

Reply instructions:

You may reply publicly to this message via plain-text email
using any one of the following methods:

* Save the following mbox file, import it into your mail client,
  and reply-to-all from there: mbox

  Avoid top-posting and favor interleaved quoting:
  https://en.wikipedia.org/wiki/Posting_style#Interleaved_style

* Reply using the --to, --cc, and --in-reply-to
  switches of git-send-email(1):

  git send-email \
    --in-reply-to=20131024145447.GA19949@savin \
    --to=pete@petertodd.org \
    --cc=bitcoin-development@lists.sourceforge.net \
    --cc=mike@plan99.net \
    /path/to/YOUR_REPLY

  https://kernel.org/pub/software/scm/git/docs/git-send-email.html

* If your mail client supports setting the In-Reply-To header
  via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox