Topic: Who is still delusional enough to think miners want to scale? - page 2. (Read 1117 times)
I amnot a miner to reply on the question about what miners really want. They got benefit from small blocks, so why would they wish for scale?
Yeah miners benefit more from smaller blocks, so which would you prefer if you were a miner?
Definitely I will choose smaller blocks, why miners should care about network being clogged by unconfirmed transactions. They can prioritize their own TX to get rid of delay. But they should also look at long term effect that can make on bitcoin price. ETH is already finding its way up due to all this scaling debate we have in bitcoin.
You have a point, but I don't think fees are the primary purpose right now as block rewards are still much better than the fees and the fees usually just goes to the pools. Though probably if they keep this up, when we have had enough halvings then the rewards will be lower then the fees then they will surely forget about scaling.
pools dont care about fee's
research empty blocks
they care more about just getting their block accepted.. fee or no fee if the block is not accepted they cant spend anything.. not the fee not the reward.
pools primarily care about the block reward.
research empty blocks
they care more about just getting their block accepted.. fee or no fee if the block is not accepted they cant spend anything.. not the fee not the reward.
pools primarily care about the block reward.
Yeah miners benefit more from smaller blocks, so which would you prefer if you were a miner?
If I was a miner, I would think long term and realize that I would end up raking bigger fees once bitcoin goes mainstream thanks to lightning network allowing for trillions of transactions daily
Their thoughts are like, "I will support this preferred scaling solution because it might result in the price going up and me getting temporarily higher profits", or "I will support this preferred scaling solution because it might help Bitcoin to retain its market dominance".
At this point, it's more like desperation to just clamour to finally do something, rather than thinking about the fees much. Fees are useless if they don't actually end up receiving them.
Fair enough to cover their running cost. 
Yeah miners benefit more from smaller blocks, so which would you prefer if you were a miner?
If I was a miner, I would think long term and realize that I would end up raking bigger fees once bitcoin goes mainstream thanks to lightning network allowing for trillions of transactions daily, but miners (specially chinese) just want short term gains, so we are stuck with what we have as long as people are too much of a pussy to UASF and FORCE the miners to follow us, not the other way around.
Not only do miners not want to scale, they probably want smaller blocks.
Mining empty blocks fast is great profit for them. They want higher fees too. It all combines to benefit them
Mining empty blocks fast is great profit for them. They want higher fees too. It all combines to benefit them
If you still believe that miners want to willingly lower their fees in order to scale the network you are out of your mind.
They know there will always be problems. The only way out is to force them via UASF. This may trigger an activation by the current BIP, simply activate it by signaling for segwit.
If not, UASF will be it. Take it or leave it, no other way out.
They know there will always be problems. The only way out is to force them via UASF. This may trigger an activation by the current BIP, simply activate it by signaling for segwit.
If not, UASF will be it. Take it or leave it, no other way out.
Jump to: