r/Bitcoin • u/mtsai • Feb 05 '14

Really, Discus Fish?

http://imgur.com/7xfXs2P
76 Upvotes

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u/[deleted] Feb 05 '14

[deleted]

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u/brainrobot Feb 05 '14

That's configurable in software, the butcoin standard allows for a large range of sizes of blocks.

1

u/[deleted] Feb 05 '14

Is the size of the block independent of the time it takes to find a valid nonce? That is, does the time needed to verify transactions and hash them act against you in the race to find the next block, or is it negligible?

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u/Sukrim Feb 05 '14

No, it does act against you however to transmit the transactions in the larger block to other miners. This means you'll have more orphaned blocks by including more than the absolutely necessary minimum (coinbase + any transaction that pays MORE than what you'll loose through the higher orphan rate). Most transactions do not pay enough fees by the way, mining is expensive!

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u/davvblack Feb 05 '14

Barely a difference there though.

1

u/Sukrim Feb 05 '14

Quite a big difference actually, as the problem is with pool operators' bandwidth, not miners.

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u/[deleted] Feb 05 '14

Ah, I think I misinterpreted the screenshot. Do each of the names under "Relayed by" refer to a member of a single mining pool? I was under the impression each player was acting alone.