Re:The Bitcoin Blocksize: A Summary
by maxerickson on Wednesday August 12, 2015 @02:43PM
(#10049767)
This is only true while there is a glorious block reward subsidizing everything.
(Which I realize is for a long time in terms of there being a block reward, but if bitcoin falls by 50%, so does the reward...)
Re:The Bitcoin Blocksize: A Summary
by pstrateman on Wednesday August 12, 2015 @02:54PM
(#10049843)
The marginal cost of mining is actually relatively small for large scale operations compared to the fixed costs.
(In general you cannot get 10+ MW of power without agreeing to pay for installed capacity and energy separately)
Another miner will pickup those transactions and mine them.
Blocks are either full and there are fees or blocks are not full and fees are approximately zero.
Unfortunately the block size cannot be limited by individual miners.