From: Peter Todd <pete@petertodd•org>
To: alicexbt <alicexbt@protonmail•com>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>,
alicexbt via bitcoin-dev <bitcoin-dev@lists•linuxfoundation.org>,
Aaradhya Chauhan <chauhanansh.me@gmail•com>
Cc: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee
Date: Tue, 26 Jul 2022 16:27:56 +0200 [thread overview]
Message-ID: <8CD1F5D4-9260-4BE7-B710-993955AB58C8@petertodd.org> (raw)
In-Reply-To: <Ue6CCWgdkGc1VPF4yAP252kg3h-6U6xCZZ7hs9w6vDM7LBWsAaksRkLIpkrE39HLmI35Fu3cHC3-WA8Q9Ij3Z7YhAqzJbkytBqU9ZbfruB0=@protonmail.com>
On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev <bitcoin-dev@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-miners
But 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.
next prev parent reply other threads:[~2022-07-26 14:37 UTC|newest]
Thread overview: 20+ messages / expand[flat|nested] mbox.gz Atom feed top
2022-07-26 8:26 Aaradhya Chauhan
2022-07-26 12:19 ` alicexbt
2022-07-26 14:27 ` Peter Todd [this message]
2022-07-26 19:14 ` alicexbt
2022-07-26 12:45 ` Peter Todd
2022-07-27 4:10 ` vjudeu
2022-07-27 11:50 ` Peter Todd
2022-07-27 12:18 ` vjudeu
2022-07-29 3:38 ` David A. Harding
2022-07-29 18:59 ` Aaradhya Chauhan
2022-07-30 7:55 ` Aaradhya Chauhan
2022-07-30 17:24 ` alicexbt
2022-08-01 10:30 ` Peter Todd
2022-08-01 13:19 ` aliashraf.btc At protonmail
2022-08-01 13:37 ` Peter Todd
2022-08-03 15:40 ` Aaradhya Chauhan
2022-08-03 17:07 ` vjudeu
2022-08-03 18:22 ` Aaradhya Chauhan
2022-08-04 1:21 ` Billy Tetrud
2022-07-30 10:20 ` Peter Todd
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