Bitcoin Forum
December 10, 2016, 05:24:39 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Question : Transaction fees when mining block worth 6.25 BTC or less  (Read 641 times)
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1624



View Profile WWW
July 18, 2011, 07:08:30 PM
 #1

Can someone point me to a relevant discussion about the future of the blockchain when mining a block pays as low as 1.5625 BTC

Given that the current model of transaction processing doesn't scale very well, will the transaction fees be there to support a safe network ?

Where are we at with these problems ?
1481347479
Hero Member
*
Offline Offline

Posts: 1481347479

View Profile Personal Message (Offline)

Ignore
1481347479
Reply with quote  #2

1481347479
Report to moderator
1481347479
Hero Member
*
Offline Offline

Posts: 1481347479

View Profile Personal Message (Offline)

Ignore
1481347479
Reply with quote  #2

1481347479
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481347479
Hero Member
*
Offline Offline

Posts: 1481347479

View Profile Personal Message (Offline)

Ignore
1481347479
Reply with quote  #2

1481347479
Report to moderator
1481347479
Hero Member
*
Offline Offline

Posts: 1481347479

View Profile Personal Message (Offline)

Ignore
1481347479
Reply with quote  #2

1481347479
Report to moderator
1481347479
Hero Member
*
Offline Offline

Posts: 1481347479

View Profile Personal Message (Offline)

Ignore
1481347479
Reply with quote  #2

1481347479
Report to moderator
Meni Rosenfeld
Donator
Legendary
*
expert
Offline Offline

Activity: 1890



View Profile WWW
July 18, 2011, 07:24:12 PM
 #2

There's been discussion, for example http://forum.bitcoin.org/index.php?topic=6284.

My current stance is that using proof-of-stake as an extra safety net will allow making do with less mining, the cost of which is supportable by tx fees.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1624



View Profile WWW
July 18, 2011, 07:25:56 PM
 #3

Thanks
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!