📅 Original date posted:2015-08-28
📝 Original message:On Fri, Aug 28, 2015 at 11:24 PM, Gavin <gavinandresen at gmail.com> wrote:
> With this proposal, how much would it cost a miner to include an 'extra' 500-byte transaction if the average block size is 900K and it costs the miner 20BTC in electricity/capital/etc to mine a block?
>
> If my understanding of the proposal is correct, it is:
>
> 500/900000 * 20 = 0.11111 BTC
Typo, 0.01111
> ... Or $2.50 at today's exchange rate.
>
> That seems excessive.
I am not sure how it is relevant to this proposal because miners are
not paying to include an extra transaction. The BIP details how miners
can vote for a larger block size limit during a window of 2016 blocks.
The block size limit does not increase during this phase. The block
size limit is adjusted at the end of the sample window and the new
size is valid until the next retargetting.
If this wasn't clear, please let me know if I need to clarify any
specifics in the wording of the proposal.
Btc Drak [ARCHIVE] /
npub1lh…zg7ed
2023-06-07 15:49:22
in reply to nevent1q…qdgl
Author Public Key
npub1lhe3qfx2q5m7mq5d39waepf9lzhsy0cdey66svn63fyk6rt6n7ps7zg7edSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:49:22Event JSON
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"content": "📅 Original date posted:2015-08-28\n📝 Original message:On Fri, Aug 28, 2015 at 11:24 PM, Gavin \u003cgavinandresen at gmail.com\u003e wrote:\n\u003e With this proposal, how much would it cost a miner to include an 'extra' 500-byte transaction if the average block size is 900K and it costs the miner 20BTC in electricity/capital/etc to mine a block?\n\u003e\n\u003e If my understanding of the proposal is correct, it is:\n\u003e\n\u003e 500/900000 * 20 = 0.11111 BTC\n\nTypo, 0.01111\n\n\u003e ... Or $2.50 at today's exchange rate.\n\u003e\n\u003e That seems excessive.\n\nI am not sure how it is relevant to this proposal because miners are\nnot paying to include an extra transaction. The BIP details how miners\ncan vote for a larger block size limit during a window of 2016 blocks.\nThe block size limit does not increase during this phase. The block\nsize limit is adjusted at the end of the sample window and the new\nsize is valid until the next retargetting.\n\nIf this wasn't clear, please let me know if I need to clarify any\nspecifics in the wording of the proposal.",
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