📅 Original date posted:2015-12-26
📝 Original message:On Dec 26, 2015 9:24 AM, "Eric Lombrozo via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Unfortunately, this also means longer confirmation times, lower
throughput, and lower miner revenue. Note, however, that confirmations
would (on average) represent more PoW, so fewer confirmations would be
required to achieve the same level of security.
>
I'm not sure I understand this. If mining revenue per unit of time drops,
total pow per unit of time should also drop. Even if the inter-block time
is increased, it's not clear to me that the pow per block would necessarily
be higher.
What am I missing?
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Jorge Timón [ARCHIVE] /
npub1fx…cl2d8
2023-06-07 17:47:08
in reply to nevent1q…d7st
Author Public Key
npub1fx98zxt3lzspjs5f4msr0fxysx5euucm29ghysryju7vpc9j0jzqtcl2d8Published at
2023-06-07 17:47:08Event JSON
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"content": "📅 Original date posted:2015-12-26\n📝 Original message:On Dec 26, 2015 9:24 AM, \"Eric Lombrozo via bitcoin-dev\" \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e Unfortunately, this also means longer confirmation times, lower\nthroughput, and lower miner revenue. Note, however, that confirmations\nwould (on average) represent more PoW, so fewer confirmations would be\nrequired to achieve the same level of security.\n\u003e\n\nI'm not sure I understand this. If mining revenue per unit of time drops,\ntotal pow per unit of time should also drop. Even if the inter-block time\nis increased, it's not clear to me that the pow per block would necessarily\nbe higher.\nWhat am I missing?\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151226/071e9e45/attachment.html\u003e",
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