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    Author Topic: bitcoin mining without the coinbase block reward  (Read 486 times)
    graphite (OP)
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    April 09, 2024, 05:40:08 PM
    Last edit: April 09, 2024, 06:00:56 PM by graphite
     #21

    where the code itself keeps the variables re-targetting/updated and not need devs to manually dictate/decide the next adjustment next year

    Yeah thats what i was suggesting. Something similar to hash difficulty adjustment so that the block rate remains 1 block every 10 minutes. For example if fees go above some arbitrary threshold then increase block size and if it drops below then decrease block size.

    Im actually not sure if increasing or decreasing block size will increase miner payout. Because if block size increases fees will drop and if block size decreases fees go up. I wonder if it would be linear in practice like if block size increases by 2x would transaction fees drop by 2x? or would fees drop even further leading to less payout for miners?

    I just checked bchmempool.cash as a comparison for if blocksize were to increase and it looks like the total fees are only 0.08% of the coinbase subsidy and on mempool.space the total fees are 3% of the coinbase subsidy. However most blocks on bitcoin cash aren't filled so if we assume the blocks are full then this should bring the total fees up to 1.5%-2% of the coinbase subsidy. So based on this it looks to be a linear adjustment. Maybe slightly worse payout for miners but hard to tell since its based on bitcoin cash

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