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authorPeter Todd <pete@petertodd.org>2013-11-20 05:01:08 -0500
committerbitcoindev <bitcoindev@gnusha.org>2013-11-20 10:01:57 +0000
commitc1e464780874c181411ce7a710a8f714b6068e7e (patch)
tree422cac4803a5342d078deeaaeed5907f05b02898
parente552a1864e68192cd2c03f3be1e53865cac1d213 (diff)
downloadpi-bitcoindev-c1e464780874c181411ce7a710a8f714b6068e7e.tar.gz
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Re: [Bitcoin-development] Even simpler minimum fee calculation formula: f > bounty*fork_rate/average_blocksize
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+Date: Wed, 20 Nov 2013 05:01:08 -0500
+From: Peter Todd <pete@petertodd.org>
+To: Michael Gronager <gronager@ceptacle.com>
+Message-ID: <20131120100108.GA4589@savin>
+References: <528367F5.9080303@ceptacle.com> <20131115103246.GB17034@savin>
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+Cc: bitcoin-development@lists.sourceforge.net
+Subject: Re: [Bitcoin-development] Even simpler minimum fee calculation
+ formula: f > bounty*fork_rate/average_blocksize
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+On Fri, Nov 15, 2013 at 02:19:56PM -0500, Peter Todd wrote:
+> On Fri, Nov 15, 2013 at 12:47:46PM +0100, Michael Gronager wrote:
+> > -----BEGIN PGP SIGNED MESSAGE-----
+> > Hash: SHA1
+> >=20
+> > On 15/11/13, 11:32 , Peter Todd wrote:
+> >=20
+> > > alpha =3D (1/113)*600s/134kBytes =3D 39.62uS/byte =3D 24kB/second
+> > >=20
+> > > Which is atrocious...=20
+> >=20
+> > alpha =3D P_fork*t_block/S =3D 1/113*454000/134 =3D 29ms/kb
+>=20
+> Huh? Where did 454000 come from?
+
+Oh right, you're using the actual block interval, not the steady state
+one.
+
+--=20
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