On August 2, 2017 2:54:32 PM EDT, Lennart Sorensen via talk <talk@gtalug.org> wrote:
On Wed, Aug 02, 2017 at 12:54:05PM -0400, Scott Frederick via talk wrote:
On 02/08/2017 09:17 AM, Tim Tisdall via talk wrote:
It's "up to" 8MB. The first block was about 2MB and the rest have been much much smaller: https://cash.coin.dance/blocks#blockDetails
Not only that the time between blocks is very long (hours), but every 6 blocks the mining difficulty is adjusted. The target is to have Bitcoin cash blocks mined approximately every 10 minutes as with Bitcoin. Initially then, the blocks will be even smaller.
Hmm, seems while block 478559 was 2MB, then some smaller ones, 478571 was 4.6MB, so even larger.
No idea what that means though.
Larger blocks mean lower fee percentages for miners. A miner has to be in consensus with other miners on the profitability of crunching the numbers on a block of any given size. https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-...
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