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From: Peter Todd <pete@petertodd.org>
To: Michael Gronager <gronager@ceptacle.com>
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Even simpler minimum fee calculation formula: f > bounty*fork_rate/average_blocksize
Date: Wed, 20 Nov 2013 05:01:08 -0500	[thread overview]
Message-ID: <20131120100108.GA4589@savin> (raw)
In-Reply-To: <20131115191956.GB29469@petertodd.org>

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On Fri, Nov 15, 2013 at 02:19:56PM -0500, Peter Todd wrote:
> On Fri, Nov 15, 2013 at 12:47:46PM +0100, Michael Gronager wrote:
> > -----BEGIN PGP SIGNED MESSAGE-----
> > Hash: SHA1
> > 
> > On 15/11/13, 11:32 , Peter Todd wrote:
> > 
> > > alpha = (1/113)*600s/134kBytes = 39.62uS/byte = 24kB/second
> > > 
> > > Which is atrocious... 
> > 
> > alpha = P_fork*t_block/S = 1/113*454000/134 = 29ms/kb
> 
> Huh? Where did 454000 come from?

Oh right, you're using the actual block interval, not the steady state
one.

-- 
'peter'[:-1]@petertodd.org
00000000000000056032432f186a8276d3feecb805d064c1def85905670a453b

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  reply	other threads:[~2013-11-20 10:01 UTC|newest]

Thread overview: 16+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2013-11-13 11:52 [Bitcoin-development] Even simpler minimum fee calculation formula: f > bounty*fork_rate/average_blocksize Michael Gronager
2013-11-13 12:34 ` Michael Gronager
2013-11-15 10:46   ` Peter Todd
2013-11-13 20:01 ` John Dillon
2013-11-13 20:32   ` Michael Gronager
2013-11-15  9:54   ` Peter Todd
2013-11-15  9:59     ` Gregory Maxwell
2013-11-15 10:47     ` Michael Gronager
2013-11-15 11:12       ` Peter Todd
2013-11-15 11:58         ` Michael Gronager
2013-11-15 19:09           ` Peter Todd
2013-11-15 10:32 ` Peter Todd
2013-11-15 11:47   ` Michael Gronager
2013-11-15 19:19     ` Peter Todd
2013-11-20 10:01       ` Peter Todd [this message]
2013-11-13 23:52 Gavin Andresen

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