Bitcoin: hash rate, block size, hit new records ...

Noob question: What would be the problems by doubling the bitcoin block size and consequently making the average transaction fees halve?

Miners I think would still get the same reward, there will be more transaction capacity and less fees. So what are the problems that are stopping that from happening?
submitted by qlpxumni to btc [link] [comments]

Is average Bitcoin Cash block size up since a week ago or month ago?

Is average Bitcoin Cash block size up since a week ago or month ago?
submitted by MichaelTen to btc [link] [comments]

Bitcoin’s Average Block Size Reaches All-Time High Ahead of Halving

Bitcoin’s Average Block Size Reaches All-Time High Ahead of Halving submitted by n4bb to CoinPath [link] [comments]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation

https://preview.redd.it/uf07qg21zd721.png?width=690&format=png&auto=webp&s=40673169d928f79d51ec297cfdbb5c19e215e1b0
https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/
Bitcoin Cash (BCH) forked from the Bitcoin (BTC) blockchain in August 2017, amid a heated block size debate. At the time the Bitcoin network was undergoing congestion due to increased transaction frequency and transaction fees began to exceed $1, going as high as $3 in June 2017.
The Bitcoin Cash community thought that increasing Bitcoin’s block size limit was the best method to increase scalability. Initially, when Bitcoin Cash was created, it had a block size limit of 8 MB, and this was later increased to 32 MB. But Bitcoin Cash (BCH) has a very low rate of adoption, and block sizes currently average less than 100 KB, making the block size increase above Bitcoin’s (BTC) 1 MB totally pointless, defeating the purpose of Bitcoin Cash (BCH).
The block explorer shows how Bitcoin Cash (BCH) cannot even reach 1 MB block sizes, let alone 32 MB. Block sizes of less than 10 KB are common, and there is an occasional block less than 1 KB. Blocks in excess of 100 KB are rare, and there are no blocks today anywhere near 1 MB. Therefore, Bitcoin Cash (BCH) could have a block size of 1 MB and function perfectly. The long term block size chart shows that block sizes have averaged well below 100 KB throughout December 2018.
There are a few instances in 2018 when Bitcoin Cash (BCH) exceeded 1 MB block sizes. In early September average block size briefly hit 1-3 MB, but this was from a “stress test” to prove transaction fees do not increase from increased transactions on the network.
In November, Bitcoin Cash (BCH) split into Bitcoin Cash ABC (now named Bitcoin Cash) and Bitcoin SV. The war between these Bitcoin Cash forks caused spam attacks that increased block sizes to 1-2 MB on average.
On Jan. 15 the average Bitcoin Cash (BCH) block size approached 5 mb, coinciding with the price of Bitcoin Cash (BCH) crashing from $2,700 to $1,500. This is perhaps the 1 case where Bitcoin Cash’s network legitimately had block sizes over 1 Mb, but it was due to people dumping their Bitcoin Cash (BCH) as fast as possible in a panic selling situation.
In summary, since Bitcoin Cash (BCH) has relatively low network activity when compared to Bitcoin (BTC), it seems that there was no point in creating Bitcoin Cash (BCH), since its block sizes are almost always below 100 KB.
Bitcoin (BTC) seems to have resolved its transaction fee problems with Segregated Witness (SegWit), which increases the block size to 1.2 MB on average. This is done by redefining the block size in terms of 1,000 units instead of 1,000 KB, and separating the witness data (signature data) from the Merkle Tree and counting each KB of the witness data as ¼ of a unit.
Also, the Bitcoin Lightning Network is maturing and can handle as much transaction volume as Bitcoin needs without increasing on-chain transactions or block size. In November 2018, the Lightning Network rapidly grew in capacity due to increasing Bitcoin transaction volume and proved that it is a solution which can completely mitigate rises in Bitcoin transaction fees. The fact that Bitcoin (BTC) has become scalable to increased transaction frequency makes the creation of Bitcoin Cash (BCH) even more pointless.
submitted by turtlecane to CryptoCurrency [link] [comments]

We're now tracking daily average block sizes, transaction volume, and fees across each Bitcoin network. Feedback welcome.

submitted by Coin-Dance to btc [link] [comments]

Bitcoin mempool clearing up. Fees dropping fast. Also a spike in average block size. Spammers finally out of money? Coinbase finally batching and SegWit enabled? What's going on?

Bitcoin mempool clearing up. Fees dropping fast. Also a spike in average block size. Spammers finally out of money? Coinbase finally batching and SegWit enabled? What's going on? submitted by ningrim to Bitcoin [link] [comments]

Bitcoin blocks just hit an all-time high of a 1.3MB average block size

Bitcoin blocks just hit an all-time high of a 1.3MB average block size submitted by CBDoctor to litecoin [link] [comments]

Average Bitcoin block size: 1.2MB, average BitcoinCash block size: 0.07MB

Hahahahahahahahahahahaha
Losers.
submitted by trustno1111 to btc [link] [comments]

500 days after the creation of BCH, Bitcoin Blocks Are Over 30x Larger Than Bitcoin Cash Blocks and the average block size of Bitcoin Cash has been 171 KB since the August 2017 fork.

500 days after the creation of BCH, Bitcoin Blocks Are Over 30x Larger Than Bitcoin Cash Blocks and the average block size of Bitcoin Cash has been 171 KB since the August 2017 fork. submitted by Hernzzzz to btc [link] [comments]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation submitted by Salmondish to btc [link] [comments]

bitcoin blocksize averaging over 1MB in size, BCH blocks are just under 50kb

bitcoin blocksize averaging over 1MB in size, BCH blocks are just under 50kb submitted by Hernzzzz to btc [link] [comments]

Bitcoin Scaling Test Network sustains 128MB average block size for > 24 hours

Bitcoin Scaling Test Network sustains 128MB average block size for > 24 hours submitted by mohrt to bitcoincashSV [link] [comments]

Spam Attack? Bitcoin Average Block Size Suddenly Spikes to Over 3MB

Spam Attack? Bitcoin Average Block Size Suddenly Spikes to Over 3MB submitted by raaner12 to Altcoinss [link] [comments]

Spam Attack? Bitcoin Average Block Size Suddenly Spikes to Over 3MB

Spam Attack? Bitcoin Average Block Size Suddenly Spikes to Over 3MB submitted by Ranzware to BitNewsLive [link] [comments]

bitcoin's average block size is 16x larger than "bitcoin cash's" BCH

bitcoin's average block size is 16x larger than submitted by Hernzzzz to btc [link] [comments]

Bitcoin Scaling Test Network sustains 128MB average block size for > 24 hours

Bitcoin Scaling Test Network sustains 128MB average block size for > 24 hours submitted by mohrt to bitcoinsv [link] [comments]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Average and median block size by week over the last 2 years (chart). The Bitcoin blockchain has been running at full capacity for over half a year!

Average and median block size by week over the last 2 years (chart). The Bitcoin blockchain has been running at full capacity for over half a year! submitted by Har01d to Bitcoin [link] [comments]

03-06 13:52 - 'Average block size is 1526.66kB for the last 6 hours' (self.Bitcoin) by /u/FieserKiller removed from /r/Bitcoin within 131-141min

'''
[[link]2
Avg transaction count for last 6 hours is only 1884.30, so there are some huge segwit tx confirming.
'''
Average block size is 1526.66kB for the last 6 hours
Go1dfish undelete link
unreddit undelete link
Author: FieserKiller
1: fork.lol/*lo***/si*e 2: fo*k.*o*/bloc**/size*^^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin blocks just hit an all-time high of a 1.3MB average block size https://t.co/03mbzexNAH - Crypto Dynamic Info - Whales's

Posted at: February 14, 2019 at 08:55PM
By:
Bitcoin blocks just hit an all-time high of a 1.3MB average block size https://t.co/03mbzexNAH
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submitted by cryptotradingbot to cryptobots [link] [comments]

"The average #Bitcoin block size has been more than 984 kB for 4 days in a row, while the median is constantly larger than 998 kB."

submitted by Egon_1 to btc [link] [comments]

The Bitcoin network is scaling as the network just reached a new all-time high of 1.3 MB average block size amid re… https://t.co/3RP5w9R4Nm - Crypto Dynamic Info - Whales's

Posted at: February 13, 2019 at 07:09PM
By:
The Bitcoin network is scaling as the network just reached a new all-time high of 1.3 MB average block size amid re… https://t.co/3RP5w9R4Nm
Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Bitcoin Mining Small Space and Proof of Concept Can Bitcoin Survive a Hard Fork? Xapo's Wences Casares on ... When Will Bitcoin Raise the Block Size Limit? Daily Blockchain Growth MB (2010 - 2019): BITCOIN vs. ALTCOINS Bitcoin Q&A: Scaling and the block size debate - YouTube

Bitcoin Average block size Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward According to data from blockchain.com, the average block size of the Bitcoin network has hit a new high, peaking at 1.341 MB on 2 May. And this is all happening as more miners are pouring into the network, with hash rate also approaching a new figure. This is exciting news for speculators and indeed for miners as fees are now also increasing, with the average transaction fee for Bitcoin going ... Average Block Size (MB) The average block size over the past 24 hours in megabytes. 30 Days 60 Days 180 Days 1 Year 3 Years All Time Raw Values 7 Day Average 30 Day Average Average Block Size (MB) Average Transactions Per Block. Total Number of Transactions. Median Confirmation Time. Average Confirmation Time. Mining Information. Network Activity . Wallet Activity. Market Signals. Sponsored Content. Blockchain Size (MB) The total size of the blockchain minus database indexes in megabytes. 30 Days 60 Days 180 Days 1 Year 3 Years All Time. Raw Values 7 Day Average ... Block size of Bitcoin mining []. No issue in the history of cryptocurrencies has been debated as passionately, as often, or as forcefully as the bitcoin block size. To an outsider, it must be quite comical to witness folks debating a consensus parameter within the bitcoin network — no joke — as if it were a matter of life or death.

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Bitcoin Mining Small Space and Proof of Concept

The capacity of the bitcoin network is limited by a hard-coded limit inside its protocol. As technology advances, this limit becomes increasingly absurd. When will it be updated to be more ... In this talk in Berlin, Andreas looks at the inner structure of bitcoin and how high-level financial and trust applications are composed from smaller element... Whether the block size should be increased to 20MB has created more controversy than any other question in Bitcoin's recent history. For some, it is an urgent and necessary step in Bitcoin's ... The highly-charged debates around both Ethereum's potential hardfork and Bitcoin's block size appear different on the surface, but are caused by the same des... Block Operations 519 views. 21:00 . CryptoCurrency Mining Strategies and What I am Mining Sept 2017 - Duration: 35:18. Block Operations 46,988 views. 35:18. Data Networking for Medium Size Bitcoin ...

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