Peter Todd [ARCHIVE] on Nostr: π
Original date posted:2022-07-26 π Original message:On July 26, 2022 2:19:32 ...
π
Original date posted:2022-07-26
π Original message:On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:
>Hi Aaradhya,
>
>> As it's not a consensus rule, I think it can be done easily, just needing support from full node operators
>
>A few miners will need to use a lower minrelaytxfee for this to work. I don't think miners would want to lower their profits.
Whether or not this lowers profits for a particular miner is complex:
https://petertodd.org/2016/block-publication-incentives-for-minersBut to a first approximation, at any fee above zero failing to mine a tx you know about is leaving money on the table.
Anyway even if miners don't actually mine these txs by themselves, with Child-Pays-For-Parent, allowing near-zero txs into your mempool potentially allows you to mine more fees.
Published at
2023-06-07 23:12:09Event JSON
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Original date posted:2022-07-26\nπ Original message:On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003eHi Aaradhya,\n\u003e\n\u003e\u003e As it's not a consensus rule, I think it can be done easily, just needing support from full node operators\n\u003e\n\u003eA few miners will need to use a lower minrelaytxfee for this to work. I don't think miners would want to lower their profits.\n\nWhether or not this lowers profits for a particular miner is complex:\n\nhttps://petertodd.org/2016/block-publication-incentives-for-miners\n\nBut to a first approximation, at any fee above zero failing to mine a tx you know about is leaving money on the table.\n\nAnyway even if miners don't actually mine these txs by themselves, with Child-Pays-For-Parent, allowing near-zero txs into your mempool potentially allows you to mine more fees.",
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