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<CAAt2M1_qy4wqpT+Cs+owg8Hbf3GePv3XPGkW-EDJECYJrRmAZQ@mail.gmail.com> <CAAt2M1-Ty-DXGVd6GnWvWNkDg9MA3+Zqr6-kAOO-0D7iFZ4qeQ@mail.gmail.com> <CAAt2M198u71tFgdCQZcKJQBJWf4=PRjhA49CbXT8nX5AtqXkyQ@mail.gmail.com> <CAAt2M1-LZQ1yE1CezFA+hr+=de-RVJ7wzkq-t969BC7OL6dWwg@mail.gmail.com> <CAAt2M18Fx9LwKU385id0_gHunLa=uQUmCO+jGkvSqb_2uLeCyg@mail.gmail.com> <CAAt2M1_NhZ5DvK6xSbSRqn5uJQLAgWenLHOKv7OtQ9uQs=Ng_g@mail.gmail.com> <CAAt2M19wEj4YqE70a8i1Sj5c1=sVnSR58pbThrbgDrAzfEzJVg@mail.gmail.com> From: Natanael <natanael.l@gmail.com> Date: Fri, 31 Mar 2017 06:15:17 +0200 Message-ID: <CAAt2M192cpCKbzDBoSs7LEDWQz16M3dB6tP8Ys15k7X7aD_Jzg@mail.gmail.com> To: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org> Content-Type: multipart/alternative; boundary=94eb2c064ed2a582d9054bff0e45 X-Spam-Status: No, score=-1.5 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, DKIM_VALID_AU, FREEMAIL_FROM, HTML_MESSAGE, RCVD_IN_DNSWL_NONE, RCVD_IN_SORBS_SPAM autolearn=no version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Block size adjustment idea - expedience fees + difficulty scaling proportional to block size (+ fee pool) X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> X-List-Received-Date: Fri, 31 Mar 2017 04:15:19 -0000 --94eb2c064ed2a582d9054bff0e45 Content-Type: text/plain; charset=UTF-8 Sorry for sending a double, hit the wrong button... Den 31 mars 2017 06:14 skrev "Natanael" <natanael.l@gmail.com>: > > > Den 30 mars 2017 11:34 skrev "Natanael" <natanael.l@gmail.com>: > > Block size dependent difficulty scaling. Hardfork required. > > Larger blocks means greater difficulty - but it doesn't scale linearly, > rather a little less than linearly. That means miners can take a penalty in > difficulty to claim a greater number of high fee transactions in the same > amount of time (effectively increasing "block size bitrate"), increasing > their profits. When such profitable fees aren't available, they have to > reduce block size. > > In other words, the users literally pay miners to increase block size (or > don't pay, which reduces it). > > > This can be simplified if we do get a fee pool (less hardfork code, more > softfork code), except that the effect will be partially reduced by the > mining subsidy until it approximately reaches parity with average total > fees. > > We don't need to alter difficulty calculation. > Instead we alter the percentage of the fees that the miner gets to claim > VS what he have to donate to the pool based on the size of the block he > generated. > Larger block = smaller percentage of fees. This is another way to pay for > blocksize. The effect of this is that on average, miners that generate > smaller blocks takes a share of what otherwise would be part of the mining > profits of those generating larger blocks. > > We would need to keep pieces of the section from above on expected > blocksize calculation. Because the closer you are to the expected > blocksize, the more you keep. And thus we need to adjust it according to > usage. > --94eb2c064ed2a582d9054bff0e45 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable <div dir=3D"auto">Sorry for sending a double, hit the wrong button...=C2=A0= </div><div class=3D"gmail_extra"><br><div class=3D"gmail_quote">Den 31 mars= 2017 06:14 skrev "Natanael" <<a href=3D"mailto:natanael.l@gma= il.com">natanael.l@gmail.com</a>>:<br type=3D"attribution"><blockquote c= lass=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;= padding-left:1ex"><div dir=3D"auto"><div class=3D"m_-5258470342983233997quo= ted-text"><div data-smartmail=3D"gmail_signature" dir=3D"auto"><br></div><d= iv class=3D"gmail_extra" dir=3D"auto"><br><div class=3D"gmail_quote">Den 30= mars 2017 11:34 skrev "Natanael" <<a href=3D"mailto:natanael.= l@gmail.com" target=3D"_blank">natanael.l@gmail.com</a>>:</div></div><di= v class=3D"gmail_extra" dir=3D"auto"><div class=3D"gmail_quote"><blockquote= class=3D"m_-5258470342983233997m_7866857421288675809quote" style=3D"margin= :0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir=3D"auto">= <div dir=3D"auto"><div dir=3D"auto">Block size dependent difficulty scaling= . Hardfork required.=C2=A0</div><div dir=3D"auto"><br></div><div dir=3D"aut= o">Larger blocks means greater difficulty - but it doesn't scale linear= ly, rather a little less than linearly. That means miners can take a penalt= y in difficulty to claim a greater number of high fee transactions in the s= ame amount of time (effectively increasing "block size bitrate"),= increasing their profits. When such profitable fees aren't available, = they have to reduce block size.</div><div dir=3D"auto"><br></div><div dir= =3D"auto">In other words, the users literally pay miners to increase block = size (or don't pay, which reduces it).=C2=A0</div></div></div></blockqu= ote></div></div><div dir=3D"auto"><br></div></div><div dir=3D"auto">This ca= n be simplified if we do get a fee pool (less hardfork code, more softfork = code), except that the effect will be partially reduced by the mining subsi= dy until it approximately reaches parity with average total fees.=C2=A0</di= v><div dir=3D"auto"><br></div><div dir=3D"auto">We don't need to alter = difficulty calculation.</div><div dir=3D"auto">Instead we alter the percent= age of the fees that the miner gets to claim VS what he have to donate to t= he pool based on the size of the block he generated.=C2=A0</div><div dir=3D= "auto">Larger block =3D smaller percentage of fees. This is another way to = pay for blocksize. The effect of this is that on average, miners that gener= ate smaller blocks takes a share of what otherwise would be part of the min= ing profits of those generating larger blocks.=C2=A0</div><div dir=3D"auto"= ><br></div><div dir=3D"auto">We would need to keep pieces of the section fr= om above on expected blocksize calculation. Because the closer you are to t= he expected blocksize, the more you keep. And thus we need to adjust it acc= ording to usage.=C2=A0</div><div class=3D"gmail_extra" dir=3D"auto"></div><= /div> </blockquote></div></div> --94eb2c064ed2a582d9054bff0e45--