Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 05/07/2015, 19:23:34 UTC
I see no problem with SPV mining while verifying the previous block. It would also make my above suggestion pointless.

Yes.

Moreover, I don't see why the time spent verifying is very significant. The vast majority of transactions would have been verified by a full node before being included in the block, and then it is just a case of checking the hash. The verification time for a block would then be insignificant relative to its download time.

Great point.  Does anyone know how Bitcoin Core currently works in this regards?  Is every transaction in a block (re-) verified?  Or are the transactions first hashed, and if matched to a TX in mempool not re-verified, thus saving time. 

but, but pwuille told us that a large block attack from a large miner would choke off small miners! 

don't forget that the top 5 largest miners in the world have inferior connectivity, not superior, like he told us.