Post
Topic
Board Development & Technical Discussion
Re: Adjustable Blocksize Cap: Why not?
by
ETFbitcoin
on 16/01/2021, 09:26:50 UTC
Ok, we must not forget that there is some electricity cost for mining blocks, mining an empty block is not profitable.
The question is not really about empty blocks. All miners don't work on the same set of transactions from the mempool. It can happen that some  miner arrives at the next acceptable hash immediately, rather than 10 mins after the current block.

Additional reference,
1. https://bitcoinmagazine.com/articles/decline-empty-blocks-has-increased-bitcoins-transaction-capacity
2. https://bitcoin.stackexchange.com/a/83393

Your solution simply added mandated hard forks each time there is a big price rise to reduce the minimum fee.

Not necessarily. You can have a minimum fee scaling factor in a configuration file.

If you're referring to minrelayfee parameter on Bitcoin Core, i doubt it'll work since the default always has been 1 sat/vbyte for years and i don't see anyone mention they intentionally change the parameter facing Bitcoin price changes.
But it's different case if full node client can lower the default minrelayfee.