Are bigger blocks better for bigger miners?
After taking a break to help review some pull requests and take a trip to New York, I’m ready to continue tackling objections to increasing the block size:
Bigger blocks give bigger miners an economic advantage
This is a hard blog post to write; the arguments for why bigger blocks give bigger miners an economic advantage over smaller miners are highly technical (whenever I use the term “miner” in this post I really mean “solo miner or mining pool”).
To start: think about what happens when a miner gets lucky and finds a new block. They send it to their peers and immediately start working on finding another block on top of that new block.
Their peers will receive and validate the block, and, assuming validation passes, they then relay the block to their peers and start mining on top of the new block. The original miner is busy working during this whole validate-then-relay process; they
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