From: Btc Drak <btcdrak@gmail.com>
To: Gavin <gavinandresen@gmail.com>
Cc: "bitcoin-dev@lists.linuxfoundation.org"
<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Consensus based block size retargeting algorithm (draft)
Date: Sat, 29 Aug 2015 00:38:53 +0100 [thread overview]
Message-ID: <CADJgMzvaLdZhtm7g=C-XzCBRKtG8cof3geZjCsq=82cq6GNUPg@mail.gmail.com> (raw)
In-Reply-To: <A30CC2E3-A769-445C-95A2-35B963EFC283@gmail.com>
On Fri, Aug 28, 2015 at 11:24 PM, Gavin <gavinandresen@gmail.com> wrote:
> With this proposal, how much would it cost a miner to include an 'extra' 500-byte transaction if the average block size is 900K and it costs the miner 20BTC in electricity/capital/etc to mine a block?
>
> If my understanding of the proposal is correct, it is:
>
> 500/900000 * 20 = 0.11111 BTC
Typo, 0.01111
> ... Or $2.50 at today's exchange rate.
>
> That seems excessive.
I am not sure how it is relevant to this proposal because miners are
not paying to include an extra transaction. The BIP details how miners
can vote for a larger block size limit during a window of 2016 blocks.
The block size limit does not increase during this phase. The block
size limit is adjusted at the end of the sample window and the new
size is valid until the next retargetting.
If this wasn't clear, please let me know if I need to clarify any
specifics in the wording of the proposal.
next prev parent reply other threads:[~2015-08-28 23:39 UTC|newest]
Thread overview: 26+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-21 22:22 [bitcoin-dev] Consensus based block size retargeting algorithm (draft) Btc Drak
2015-08-21 23:17 ` Paul Sztorc
2015-08-22 0:06 ` Ahmed Zsales
2015-08-28 20:28 ` Btc Drak
2015-08-28 21:15 ` Matt Whitlock
2015-08-28 22:24 ` Gavin
2015-08-28 23:35 ` Chris Pacia
2015-08-28 23:38 ` Mark Friedenbach
2015-08-28 23:42 ` Matt Whitlock
2015-08-28 23:42 ` Chris Pacia
2015-08-29 0:00 ` Jorge Timón
2015-08-29 0:29 ` Mark Friedenbach
2015-08-29 10:15 ` Btc Drak
2015-08-29 17:51 ` Eric Lombrozo
2015-08-29 19:13 ` Natanael
2015-08-29 19:03 ` jl2012
2015-08-29 20:41 ` Jorge Timón
2015-08-30 17:13 ` jl2012
2015-08-30 18:56 ` Jorge Timón
2015-08-31 18:50 ` jl2012
2015-08-28 23:46 ` Btc Drak
2015-08-29 9:15 ` Elliot Olds
2015-08-28 23:38 ` Btc Drak [this message]
2015-08-28 23:36 ` Btc Drak
2015-08-28 23:44 ` Jorge Timón
2015-08-29 9:38 ` jl2012
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