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Bitcoin => Press => Topic started by: AaronVanW on July 07, 2015, 07:50:48 PM



Title: [2015-07-07] CT - KnCMiner, SlushPool & BitFury at Odds Over Block Size Increase
Post by: AaronVanW on July 07, 2015, 07:50:48 PM
KnC Miner, Slush Pool & BitFury at Odds Over Block Size Increase

Three of the biggest Western mining pools – representing a total of some 19% of hashing power on the Bitcoin network – stand divided on raising the block size limit.

http://cointelegraph.com/news/114776/knc-miner-slush-pool-bitfury-at-odds-over-block-size-increase (http://cointelegraph.com/news/114776/knc-miner-slush-pool-bitfury-at-odds-over-block-size-increase)


Title: Re: [2015-07-07] CT - KnCMiner, SlushPool & BitFury at Odds Over Block Size Increase
Post by: gogxmagog on July 08, 2015, 07:04:12 AM
I'm not surprised about BitFury's reaction, they have always struck me as caring only about their own profit margin, not the community at large.

Slush's reaction surprizes me a little, I would expect them to wholly embrace the full 20MB limit, but of course, they profess to not feel strongly either way.


Title: Re: [2015-07-07] CT - KnCMiner, SlushPool & BitFury at Odds Over Block Size Increase
Post by: Quantus on July 08, 2015, 07:40:24 AM
Ultimately no change in the protocol can force them to include more transactions in each block.
It doesn't matter what the max limit is; many of the top pools are mining empty blocks because they don't want to deal with any transactions.
The fees they bring in account for less then 0.6% of their income.  Its just a waste of time for them. Most don't look more then 6 months into the future.
They are only looking for a fast ROI. Upping the max block size will change nothing unless you can force them or incentives them to accept more transactions.