Which one is better for miners, Bitcoin Unlimited or SegWit?

3 answers

• singamreddy Sumanth ReddyJun 30, 2024 · a year ago
  From a miner's perspective, the choice between Bitcoin Unlimited and SegWit depends on their priorities. Bitcoin Unlimited offers a larger block size, allowing for more transactions to be included in each block. This can potentially increase the miner's revenue through higher transaction fees. On the other hand, SegWit introduces a different approach by separating transaction signatures from the main block, resulting in increased block capacity and reduced transaction fees. Miners who prioritize scalability and lower fees may find SegWit more appealing. Ultimately, it's important for miners to consider their specific needs and the current state of the network before making a decision.
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• Tejaswini SarwadeApr 05, 2024 · a year ago
  When it comes to miners, Bitcoin Unlimited and SegWit offer different advantages. Bitcoin Unlimited allows for larger blocks, which means more transactions can be included in each block. This can potentially lead to higher transaction fees for miners. On the other hand, SegWit aims to improve scalability by separating transaction signatures from the main block. This can result in lower transaction fees for users, which may indirectly benefit miners by attracting more users to the network. It's important for miners to carefully evaluate their priorities and the potential impact on their revenue before choosing between Bitcoin Unlimited and SegWit.
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• J Michael MartinezJun 20, 2023 · 2 years ago
  As an expert at BYDFi, I can say that both Bitcoin Unlimited and SegWit have their pros and cons for miners. Bitcoin Unlimited offers a larger block size, which can potentially lead to higher transaction fees for miners. On the other hand, SegWit aims to improve scalability and reduce transaction fees. The choice between the two ultimately depends on the miner's priorities and the current state of the network. It's recommended for miners to stay updated with the latest developments and consider the long-term implications before making a decision.
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