📅 Original date posted:2015-08-06
📝 Original message:On 8/5/2015 4:24 PM, Jorge Timón via bitcoin-dev wrote:
> Miner A is able to process 100 M tx/block while miner B is only able
> to process 10 M tx/block.
>
B needs to sell ASICs and buy 90 M tx worth of CPU.
Or, if you cap blocksize at 10 M tx, than A needs to sell the exact same
amount of CPU and buy the exact same amount of ASICs.
Either way, Miner A ends up with the ASIC cost equivalent of 90 M tx
worth of CPU in additional hashing advantage over B. The centralization
has nothing to do with block size. It has to do with Miner A having
more money than Miner B.
Alternatively, you might need to add a few more crazy assumptions.
Tom Harding [ARCHIVE] /
npub1ms…pmwjy
2023-06-07 15:45:31
in reply to nevent1q…jvjz
Author Public Key
npub1msef5qkfwz4t7qacwxz775wgdtlytph78g2g2z903x90874u263sypmwjyPublished at
2023-06-07 15:45:31Event JSON
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"content": "📅 Original date posted:2015-08-06\n📝 Original message:On 8/5/2015 4:24 PM, Jorge Timón via bitcoin-dev wrote:\n\u003e Miner A is able to process 100 M tx/block while miner B is only able\n\u003e to process 10 M tx/block.\n\u003e\n\nB needs to sell ASICs and buy 90 M tx worth of CPU. \n\nOr, if you cap blocksize at 10 M tx, than A needs to sell the exact same\namount of CPU and buy the exact same amount of ASICs.\n\nEither way, Miner A ends up with the ASIC cost equivalent of 90 M tx\nworth of CPU in additional hashing advantage over B. The centralization\nhas nothing to do with block size. It has to do with Miner A having\nmore money than Miner B.\n\nAlternatively, you might need to add a few more crazy assumptions.",
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