You're right, I did some reading: “When a new block is found, mining pools send miners a block template with no transactions so they can start searching for the next block as soon as possible. They send a block template full of transactions right afterward, but a full block template is a bigger data transfer and takes slightly longer to reach miners.”
Basically, since it takes a few seconds longer to send a full block template, miners hash away at an empty template and occasionally find a new empty block...
Once the fee's overtake the coinbase value by an order of magnitude, this practice will stop since it makes more business sense to always hash a more valuable template.
benogl / ₿eno⚡️
npub1t5…0huej
2023-03-04 23:00:52
in reply to nevent1q…t0ul
Author Public Key
npub1t5tqj479er36fmncyh57afa97wlzt23tymu7eu4pdmx9qsm94e9sh0huejPublished at
2023-03-04 23:00:52Event JSON
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"content": "You're right, I did some reading: “When a new block is found, mining pools send miners a block template with no transactions so they can start searching for the next block as soon as possible. They send a block template full of transactions right afterward, but a full block template is a bigger data transfer and takes slightly longer to reach miners.”\n\nBasically, since it takes a few seconds longer to send a full block template, miners hash away at an empty template and occasionally find a new empty block...\n\nOnce the fee's overtake the coinbase value by an order of magnitude, this practice will stop since it makes more business sense to always hash a more valuable template.",
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