From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1YraUE-0000dg-I6 for bitcoin-development@lists.sourceforge.net; Sun, 10 May 2015 23:18:18 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of astutium.com designates 80.76.216.240 as permitted sender) client-ip=80.76.216.240; envelope-from=rob.golding@astutium.com; helo=web.astutium.com; Received: from web.astutium.com ([80.76.216.240]) by sog-mx-3.v43.ch3.sourceforge.com with esmtps (TLSv1:AES256-SHA:256) (Exim 4.76) id 1YraUD-0002zK-KU for bitcoin-development@lists.sourceforge.net; Sun, 10 May 2015 23:18:18 +0000 Received: from localhost ([127.0.0.1]:38276 helo=astutium.com) by web.astutium.com with esmtpa (Exim 4.85) (envelope-from ) id 1YrZD4-0000W1-Hx for bitcoin-development@lists.sourceforge.net; Sun, 10 May 2015 22:56:30 +0100 MIME-Version: 1.0 Content-Type: text/plain; charset=US-ASCII; format=flowed Content-Transfer-Encoding: 7bit Date: Sun, 10 May 2015 22:56:30 +0100 From: Rob Golding To: Bitcoin Development Organization: www.astutium.com In-Reply-To: References: <16096345.A1MpJQQkRW@crushinator> Message-ID: X-Sender: rob.golding@astutium.com User-Agent: Roundcube Webmail/1.0.5 X-AntiAbuse: This header was added to track abuse, please include it with any abuse report X-AntiAbuse: Primary Hostname - web.astutium.com X-AntiAbuse: Original Domain - lists.sourceforge.net X-AntiAbuse: Originator/Caller UID/GID - [47 12] / [47 12] X-AntiAbuse: Sender Address Domain - astutium.com X-Get-Message-Sender-Via: web.astutium.com: authenticated_id: rob.golding@astutium.com X-Spam-Score: -1.5 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 T_RP_MATCHES_RCVD Envelope sender domain matches handover relay domain -0.0 SPF_PASS SPF: sender matches SPF record X-Headers-End: 1YraUD-0002zK-KU Subject: Re: [Bitcoin-development] Proposed alternatives to the 20MB step function X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sun, 10 May 2015 23:18:18 -0000 > How much will that cost me? > The network is hashing at 310PetaHash/sec right now. > Takes 600 seconds to find a block, so 186,000PH per block > 186,000 * 0.00038 = 70 extra PH > > If it takes 186,000 PH to find a block, and a block is worth 25.13 BTC > (reward plus fees), that 70 PH costs: > (25.13 BTC/block / 186,000 PH/block) * 70 PH = 0.00945 BTC > or at $240 / BTC: $2.27 > > ... so average transaction fee will have to be about ten cents ($2.27 > spread across 23 average-sized transactions) for miners to decide to > stay at 600K blocks Surely that's an *extra* $2.27 as you've already included .13BTC ($31.20) in fees in the calculation ? Rob