Re: Analysis and list of top big blocks shills (XT #REKT ignorers)
As far as the numbers, there's 8 bits in one byte. Therefore, a difference of 8 megabits in speed is one megabyte per second.
If block size is 8 MB, that's 8 seconds. Yet it takes 10 minutes to solve a block so 8/600.
Each node connects to 8 nodes, and each of these 8 nodes connect to another 8 nodes, and so on. But some of these connections are duplicated, so it will take several hop before a block is relayed to majority of the nodes, 4-5 hops maybe. When you have 8 seconds for a block transfer and the block verify time of 8 seconds, the nodes on the far end of the network would receive it in 80 seconds, which is a significant delay
Let's first imagine the ideal bitcoin blockchain done by aliens: It takes 1 second to receive and verify each block, takes 1MB hard drive space, and can carry unlimited amount of transactions in 10 minutes
Then you add those real world limitations on it and see which part you can compromiseAn 80 second delay is significant only if you are mining, as it would represent a significant orphan risk. This is already true with 0.5 MB blocks for slow internet service, such as the slow upload rate on typical DSL connections. Most miners who don't have excellent internet connectivity do their mining via mining pools that are well connected and need minimal bandwidth for this purpose, independent of the block size.