Post
Topic
Board Bitcoin Discussion
Re: Miners will now remove your profits
by
nullius
on 24/12/2017, 01:43:34 UTC
Its shows clearly you didn't well-understood the subject and have a limited knowledge. The miners have a zero control over the fees.

They are the ones choosing to process the highest fees first

What, do you suggest that you expect them to choose the lowest fees first?  Or do you expect them to ignore fees?  Do you have any idea how stupid that sounds?

Each block has a certain capacity, calculated by block weight.  Only 4000000 bytes of weight will fit in a block, pursuant to the equation set forth in BIP 141 and the static const unsigned int MAX_BLOCK_WEIGHT declared in src/consensus/consensus.h.  If there are too many transactions to fit, then miners have only one sensible way to choose:  Pick the transactions which offer higher fees per weight unit.  From the miner’s perspective, anything else would be throwing money away.  What do you really expect them to do?

They always decide to choose the transactions with the highest fees first - that's how the fee market works.  Even when zero-fee transactions were plausible, they always prioritised the transactions with the highest fees.  They still can't control the fees.

No Mr Police officer sir, i just pointed a gun in his face and he started to thrown money from his pockets at me
and i didn't even need to tell him to do so because it's Christmas time, he felt so generous that he got carried away
and threw the money with such force that it hit me in the eye and I want charges pressed for assault please.

Graded F- in the analogies section.