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Author Topic: how many transactions to include in a block?  (Read 51 times)
blockhunter00
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August 21, 2018, 12:00:55 AM
 #1

What incentives do miners have to include more than one transaction in a block?
After all, it costs at least a little bit of computing power to compute the Merkle Trees.
And this computing power can not be used to compute the nonce... Huh
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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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August 21, 2018, 05:46:26 AM
Merited by RodeoX (2)
 #2

What incentives do miners have to include more than one transaction in a block?
After all, it costs at least a little bit of computing power to compute the Merkle Trees.
And this computing power can not be used to compute the nonce... Huh

For each transaction included in a block, the miners receive the transaction fee the sender has added to that transaction.
For example, for block 537754 the tx fees were 0.21486119BTC

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deviniter
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August 22, 2018, 02:56:32 PM
 #3

Block is a number of transactions that have been confirmed and shared in the Bitcoin public ledger. Initially able to accommodate up to 36MB. But to reduce ddos attacks on the network, then it is limited to 1MB.

With this limitation, miners can mine Bitcoin up to 1MB. Blocks larger than 1MB means invalid. So why is this maximum limit needed?

- To maintain consensus
- Avoid Centralization of Pool
- Make Full Nodes More Worthy
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September 15, 2018, 11:09:17 AM
 #4

Miners will get more transaction fees and a block contains more than 500 transactions average and average size of a block is around 1 mb.

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September 15, 2018, 11:31:39 AM
 #5

another important factor that is not mentioned here is the fact that if they start producing empty blocks they will end up damaging bitcoin more than they can earn from it, and in the long run if the backlog starts to grow the value of bitcoin will fall and they will also lose money.
and as a miner when you invest in equipment you want to have your investment continue giving returns to you as long as possible, you don't want to kill your own profit.














 

 

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