Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Block Size Conflict Ends With Latest Update
by
ikydesu
on 21/06/2015, 17:15:58 UTC
Well, let's see the sequel, it seems need more information.

.......

Parameters are:

    8MB cap
    Doubling every two years (so 16MB in 2018)
    For twenty years
   ....

Does that mean in 20 years after it starts doubling the blocks will be 8192 MB, which is 8.192 GB per block?

Have I done my maths right?

8 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 x 2 = 8192

To keep it simple I'm not considering the difference between mebibytes and megabytes.

What? that's too much right Undecided He told doubling every 2 years, so every 2 years increased 8MB. The parameters will implement next years(2016) and then in 2018 increase 8MB, so 8+8=16MB.  
You means 20 years after starts. Start from 2016 and the end is 2036.

8MB(2016) + 8MB = 16MB(2018) + 8MB = 24MB(2020) + 8MB = 32MB(2022) + 8MB = 40MB(2024) + 8MB = 48MB(2026) + 8MB = 56MB(2028) + 8MB = 64MB(2030) + 8MB = 72MB(2032) + 8MB = 80MB(2034) +8MB = 88MB in 2036.
CMIIW.


~iki