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Why is it a bad stat? Is having to confirm all transactions in all prior blocks not a direct result of a transaction? Why is the cumulative value relevant? I c
by lttlrck 9y ago
Why is it a bad stat? Is having to confirm all transactions in all prior blocks not a direct result of a transaction?
Why is the cumulative value relevant? I can see how there is a perceived value there but if the transaction didn’t happen it wouldn’t have been needed?
- Taek 9y agoIf the block had zero transactions in it, it still would have cost just as much energy to create. Similarly, if the price of the coin were 1/1000th but the block were full, it would have cost 1/1000th the price to confirm those transactions. What determines the cost/mining reward of a block is not the transactions in it, but the value of the chain as a whole.
- lttlrck 9y agoAh got it. Thanks.