From: Natanael <natanael.l@gmail•com>
To: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Block size adjustment idea - expedience fees + difficulty scaling proportional to block size (+ fee pool)
Date: Fri, 31 Mar 2017 06:15:17 +0200 [thread overview]
Message-ID: <CAAt2M192cpCKbzDBoSs7LEDWQz16M3dB6tP8Ys15k7X7aD_Jzg@mail.gmail.com> (raw)
In-Reply-To: <CAAt2M19wEj4YqE70a8i1Sj5c1=sVnSR58pbThrbgDrAzfEzJVg@mail.gmail.com>
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Sorry for sending a double, hit the wrong button...
Den 31 mars 2017 06:14 skrev "Natanael" <natanael.l@gmail•com>:
>
>
> Den 30 mars 2017 11:34 skrev "Natanael" <natanael.l@gmail•com>:
>
> Block size dependent difficulty scaling. Hardfork required.
>
> Larger blocks means greater difficulty - but it doesn't scale linearly,
> rather a little less than linearly. That means miners can take a penalty in
> difficulty to claim a greater number of high fee transactions in the same
> amount of time (effectively increasing "block size bitrate"), increasing
> their profits. When such profitable fees aren't available, they have to
> reduce block size.
>
> In other words, the users literally pay miners to increase block size (or
> don't pay, which reduces it).
>
>
> This can be simplified if we do get a fee pool (less hardfork code, more
> softfork code), except that the effect will be partially reduced by the
> mining subsidy until it approximately reaches parity with average total
> fees.
>
> We don't need to alter difficulty calculation.
> Instead we alter the percentage of the fees that the miner gets to claim
> VS what he have to donate to the pool based on the size of the block he
> generated.
> Larger block = smaller percentage of fees. This is another way to pay for
> blocksize. The effect of this is that on average, miners that generate
> smaller blocks takes a share of what otherwise would be part of the mining
> profits of those generating larger blocks.
>
> We would need to keep pieces of the section from above on expected
> blocksize calculation. Because the closer you are to the expected
> blocksize, the more you keep. And thus we need to adjust it according to
> usage.
>
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prev parent reply other threads:[~2017-03-31 4:15 UTC|newest]
Thread overview: 6+ messages / expand[flat|nested] mbox.gz Atom feed top
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2017-03-30 9:34 ` Natanael
2017-03-30 10:04 ` Luke Dashjr
[not found] ` <CAAt2M1-57SMT4WT-4_pdkTPyybQgr2ZuQZW_KW2ZwhTQ7HEnqg@mail.gmail.com>
[not found] ` <CAAt2M1-3R7rY55=QgkP8xUs=SDHxyNQV_fshbi89a9KzcwWfLQ@mail.gmail.com>
2017-03-30 10:19 ` Natanael
2017-03-30 18:41 ` Natanael
2017-03-31 4:14 ` Natanael
2017-03-31 4:15 ` Natanael [this message]
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