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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
'peter'[:-1]@petertodd.org
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