On Thu, May 28, 2015 at 01:19:44PM -0400, Gavin Andresen wrote: > As for whether there "should" be fee pressure now or not: I have no > opinion, besides "we should make block propagation faster so there is no > technical reason for miners to produce tiny blocks." I don't think us > developers should be deciding things like whether or not fees are too high, > too low, .....
Note that the majority of hashing power is using Matt Corallo's block relay network, something I confirmed the other day through my mining contacts. Interestingly, the miners that aren't using it include some of the largest pools; I haven't yet gotten an answer as to what their rational for not using it was exactly. Importantly, this does mean that block propagation is probably fairly close to optimal already, modulo major changes to the consensus protocol; IBLT won't improve the situation much, if any. It's also notable that we're already having issues with miners turning validation off as a way to lower their latency; I've been asked myself about the possibility of creating an "SPV miner" that skips validation while new blocks are propagating to shave off time and builds directly off of block headers corresponding to blocks with unknown contents. -- 'peter'[:-1]@petertodd.org 00000000000000000327487b689490b73f9d336b3008f82114fd3ada336bcac0
signature.asc
Description: Digital signature
------------------------------------------------------------------------------
_______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
