earlier replies
Replying to @stilkov
Settlement happens in blocks. Whatever gets into that block is determined by how many tx the winner scoops up before trying.
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A block will contain about 1,000 transactions and earn the miner 12 Bitcoins, i.e. more than 12k โ‚ฌ
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For any block they win settling in the hash collision lottery, which isn't very often.
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Of course. Yet there are people and companies doing it. Theyโ€™re not doing it for charity.
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yes, but the margins aren't really that great and the trend isn't promising blockchain.info/charts/avg-cโ€ฆ

Blockchain.com | Charts - Average Confirmation Time

The most trusted source for data on the bitcoin blockchain.

blockchain.com
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Thatโ€™s something we can agree on โ€“ scaling is definitely an issue. Something will have to change, donโ€™t know what the best way is
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alright, now we can talk arch :) The BC premise is that you can achieve globally converged, strongly consistent ledgers...
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... which should light up your b/s caution lamp. The BC tradeoff trick is to play for time.
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One party wins the POW lottery and has enough time to tell everyone else about it before anyone else also wins. And everyone moves
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that particular tradeoff model for reaching consensus is effectively throttled by design as functional prerequisite
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Replying to @clemensv
That is of course the whole point of PoW. But e.g. an increase in block size would immediately increase capacity

Mar 18, 2017 ยท 10:21 AM UTC

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Replying to @stilkov
leads to another tradeoff call. Bigger block means more bytes to crunch hashing and potentially longer wait to collect.
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My uneducated guess is that the SHA256 complexity increase due to increased input size isnโ€™t the bottleneck. I may be wrong.
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