> How much will that cost me? > The network is hashing at 310PetaHash/sec right now. > Takes 600 seconds to find a block, so 186,000PH per block > 186,000 * 0.00038 = 70 extra PH > > If it takes 186,000 PH to find a block, and a block is worth 25.13 BTC > (reward plus fees), that 70 PH costs: > (25.13 BTC/block / 186,000 PH/block) * 70 PH = 0.00945 BTC > or at $240 / BTC: $2.27 > > ... so average transaction fee will have to be about ten cents ($2.27 > spread across 23 average-sized transactions) for miners to decide to > stay at 600K blocks
Surely that's an *extra* $2.27 as you've already included .13BTC ($31.20) in fees in the calculation ? Rob ------------------------------------------------------------------------------ One dashboard for servers and applications across Physical-Virtual-Cloud Widest out-of-the-box monitoring support with 50+ applications Performance metrics, stats and reports that give you Actionable Insights Deep dive visibility with transaction tracing using APM Insight. http://ad.doubleclick.net/ddm/clk/290420510;117567292;y _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
