[GTALUG] Bitcoin Blockchain Crypto Surface

[Russell]

On August 2, 2017 2:54:32 PM EDT, Lennart Sorensen via talk <talk at gtalug.org> wrote:
>On Wed, Aug 02, 2017 at 12:54:05PM -0400, Scott Frederick via talk
>wrote:
>> On 02/08/2017 09:17 AM, Tim Tisdall via talk wrote:
>> > It's "up to" 8MB.  The first block was about 2MB and the rest have
>> > been much much smaller: 
>https://cash.coin.dance/blocks#blockDetails
>> 
>> Not only that the time between blocks is very long (hours), but every
>6
>> blocks the mining difficulty is adjusted. The target is to have
>Bitcoin
>> cash blocks mined approximately every 10 minutes as with Bitcoin.
>> Initially then, the blocks will be even smaller.
>
>Hmm, seems while block 478559 was 2MB, then some smaller ones, 478571
>was 4.6MB, so even larger.
>
>No idea what that means though.

Larger blocks mean lower fee percentages for miners. A miner has to be in consensus with other miners on the profitability of crunching the numbers on a block of any given size.

https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43

>
>-- 
>Len Sorensen
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-- 
Russell
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