{"type":"rich","version":"1.0","author_name":"npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59","author_url":"https://nostr.ae/npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-10\n📝 Original message:\u003e How much will that cost me?\n\u003e The network is hashing at 310PetaHash/sec right now.\n\u003e Takes 600 seconds to find a block, so 186,000PH per block\n\u003e 186,000 * 0.00038 = 70 extra PH\n\u003e \n\u003e If it takes 186,000 PH to find a block, and a block is worth 25.13 BTC\n\u003e (reward plus fees), that 70 PH costs:\n\u003e (25.13 BTC/block / 186,000 PH/block) * 70 PH = 0.00945 BTC\n\u003e or at $240 / BTC:  $2.27\n\u003e \n\u003e ... so average transaction fee will have to be about ten cents ($2.27\n\u003e spread across 23 average-sized transactions) for miners to decide to\n\u003e stay at 600K blocks\n\nSurely that's an *extra* $2.27 as you've already included .13BTC \n($31.20) in fees in the calculation ?\n\nRob"}