š
Original date posted:2015-06-12
š Original message:On Fri, Jun 12, 2015 at 06:51:02PM +0200, Pieter Wuille wrote:
> The configuration used in the code right now simulates two groups of miners
> (one 80%=25%+25%+30%, one 20%=5%+5%+5%+5%), which are well-connected
> internally, but are only connected to each other through a slow 2 Mbit/s
> link.
>
> Here are some results.
>
> This shows how the group of smaller miners loses around 8% of their
> relative income (if they create larger blocks, their loss percentage goes
> up slightly further):
To be clear, when you say 8% of their income, you mean revenue, not
profit?
Actual profit margins of something like 5%-10% are likely, so that's an
enormous hit that could make their mining operation completely
non-viable.
--
'peter'[:-1]@petertodd.org
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Peter Todd [ARCHIVE] /
npub1m2ā¦a2np2
2023-06-07 15:37:24
in reply to nevent1qā¦0t33
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 15:37:24Event JSON
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Original date posted:2015-06-12\nš Original message:On Fri, Jun 12, 2015 at 06:51:02PM +0200, Pieter Wuille wrote:\n\u003e The configuration used in the code right now simulates two groups of miners\n\u003e (one 80%=25%+25%+30%, one 20%=5%+5%+5%+5%), which are well-connected\n\u003e internally, but are only connected to each other through a slow 2 Mbit/s\n\u003e link.\n\u003e \n\u003e Here are some results.\n\u003e \n\u003e This shows how the group of smaller miners loses around 8% of their\n\u003e relative income (if they create larger blocks, their loss percentage goes\n\u003e up slightly further):\n\nTo be clear, when you say 8% of their income, you mean revenue, not\nprofit?\n\nActual profit margins of something like 5%-10% are likely, so that's an\nenormous hit that could make their mining operation completely\nnon-viable.\n\n-- \n'peter'[:-1]@petertodd.org\n0000000000000000127ab1d576dc851f374424f1269c4700ccaba2c42d97e778\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150612/c610a4f7/attachment.sig\u003e",
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