[2015-07-07] CT - KnCMiner, SlushPool & BitFury at Odds Over Block Size Increase

[AaronVanW]

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

[1715576971]

1715576971

[gogxmagog]

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.

[Quantus]

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.