Post
Topic
Board Bitcoin Discussion
Re: What's going on with Bitcoin????
by
DannyHamilton
on 29/12/2017, 22:32:33 UTC
To the miners won't change much if the fee comes from mining 2 transactions or one,

The miners only care about how much fee is paid per block weight unit.

The fact is that right now the system is able to process 3 transactions per second,

The fact is that SegWit has increased that number.  You are quoting an old and outdated number.

My guess is the miners would be extremely happy to be able to have a system to process more than 3 transactions per second and win a lower fee from each of them

Your guess is provably be wrong.

Bitcoin Cash already exists as a protocol.  It allows up to 8 MB of block space, which increases the quantity of average size transactions from 3 per second to 24 per second.  And yet, the majority of miners are choosing to mine on the Bitcoin Blockchain where they get higher fees, but less transactions.