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Author Topic: Transaction Count Up -> Hashrate Down ?  (Read 512 times)
hv_
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February 20, 2016, 10:52:08 AM
 #1

Just wondering about that (maybe this was already discussed than pls ignore):

Would it be possible and make sense to correlate the recommended hashrate to the actual transaction count in the que, so that it will enable  to  create blocks faster in times of high volume and makes it impossible to mine empty blocks?

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Jet Cash
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February 20, 2016, 04:25:01 PM
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I suggested something like this in the discussion forum

https://bitcointalk.org/index.php?topic=1370906.0

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February 20, 2016, 04:55:39 PM
 #3

Just wondering about that (maybe this was already discussed than pls ignore):

Would it be possible and make sense to correlate the recommended hashrate to the actual transaction count in the que, so that it will enable  to  create blocks faster in times of high volume and makes it impossible to mine empty blocks?

It is impossible to know how many transactions are in everyone else's queue.  You can only know how many transactions are in your queue.

If your queue doesn't exactly match every other queue in the world, then your difficulty won't match theirs and there will be no way for them to know if you chose a valid difficulty for your block.

hv_
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February 20, 2016, 05:12:20 PM
 #4

Just wondering about that (maybe this was already discussed than pls ignore):

Would it be possible and make sense to correlate the recommended hashrate to the actual transaction count in the que, so that it will enable  to  create blocks faster in times of high volume and makes it impossible to mine empty blocks?

It is impossible to know how many transactions are in everyone else's queue.  You can only know how many transactions are in your queue.

If your queue doesn't exactly match every other queue in the world, then your difficulty won't match theirs and there will be no way for them to know if you chose a valid difficulty for your block.

Yes I know that. But could be a proper solution not be to allow a miner to reach the new threashold ( lowerd by transaction count* somefactor) earlier than compared to now? Than every node can validate that and miners would pack block with more tx?  Keeping mainly same 10min on day average...

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
A feature that needs more than one convincing argument is no and Satoshi owes me no signing - also because of Sartre.
The simple way is the genius way - in Moore and Satoshi we trust.
hv_
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February 20, 2016, 05:41:48 PM
 #5

I suggested something like this in the discussion forum

https://bitcointalk.org/index.php?topic=1370906.0


Thanks  Smiley

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
A feature that needs more than one convincing argument is no and Satoshi owes me no signing - also because of Sartre.
The simple way is the genius way - in Moore and Satoshi we trust.
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