Subject: Re: [bitcoin-dev] Regarding setting a lower minrelaytxfee

From: alicexbt <[email-masked]>
Date: Tue, 26 Jul 2022 19:14:58 +0000

Hi Peter,

> But to a first approximation, at any fee above zero failing to mine a tx you know about is leaving money on the table

Let's assume 10000 people go from A to B every day in flight. They buy tickets for different prices and some of them are looking to pay the minimum even if it's a morning flight, not preferred seat etc. If the minimum price for ticket drops, will this increase the revenue for airlines?

Some people who avoided flight earlier might book with new minimum although most of them already figured out other ways to travel or paid the old minimum. Maximum people or weight for a flight would still remain the same.

/dev/fd0

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------- Original Message -------
On Tuesday, July 26th, 2022 at 7:57 PM, Peter Todd <[email-masked]> wrote:

>
> On July 26, 2022 2:19:32 PM GMT+02:00, alicexbt via bitcoin-dev [email-masked] 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.