Tom Harding [ARCHIVE] on Nostr: 📅 Original date posted:2015-08-06 📝 Original message:On 8/5/2015 4:24 PM, Jorge ...
📅 Original date posted:2015-08-06
📝 Original message:On 8/5/2015 4:24 PM, Jorge Timón via bitcoin-dev wrote:
> Miner A is able to process 100 M tx/block while miner B is only able
> to process 10 M tx/block.
>
B needs to sell ASICs and buy 90 M tx worth of CPU.
Or, if you cap blocksize at 10 M tx, than A needs to sell the exact same
amount of CPU and buy the exact same amount of ASICs.
Either way, Miner A ends up with the ASIC cost equivalent of 90 M tx
worth of CPU in additional hashing advantage over B. The centralization
has nothing to do with block size. It has to do with Miner A having
more money than Miner B.
Alternatively, you might need to add a few more crazy assumptions.
📝 Original message:On 8/5/2015 4:24 PM, Jorge Timón via bitcoin-dev wrote:
> Miner A is able to process 100 M tx/block while miner B is only able
> to process 10 M tx/block.
>
B needs to sell ASICs and buy 90 M tx worth of CPU.
Or, if you cap blocksize at 10 M tx, than A needs to sell the exact same
amount of CPU and buy the exact same amount of ASICs.
Either way, Miner A ends up with the ASIC cost equivalent of 90 M tx
worth of CPU in additional hashing advantage over B. The centralization
has nothing to do with block size. It has to do with Miner A having
more money than Miner B.
Alternatively, you might need to add a few more crazy assumptions.