@mempool research by @orangesurfbtc and @mononautical
Joined May 2024
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Why do empty Bitcoin blocks exist?
Empty Bitcoin blocks occur when miners find a block using an empty template. Many pools send empty templates to miners because they’re faster to distribute, helping miners start work slightly sooner.
📰 Mempool Block Size Report
This report examines Bitcoin block size evolution since the network's inception in 2009, revealing how miner behavior and Bitcoin Core defaults – not just the 1 MB consensus limit – shaped block size growth.
mempool research retweeted
Today we had 3 consecutive 'unfilled' blocks with at least 25% unused blockspace.
The last time that happened was block 786635 on 2023-04-23
mempool research retweeted
Approximately 60% of bitcoin blocks mined since the last halving merge mined other chains.
That's down from a peak of 96% in April 2020.
For our latest report @OrangeSurfBTC analysed which merge mining schemes are in use, and which miners are using them.
👇
Approximately 60% of bitcoin blocks mined since the last halving merge mined other chains.
That's down from a peak of 96% in April 2020.
For our latest report @OrangeSurfBTC analysed which merge mining schemes are in use, and which miners are using them.
👇
mempool research retweeted
SLP588 Why are Empty Blocks Happening? with OrangeSurf from mempool.space
Why are some bitcoin blocks empty? @OrangeSurfBTC from the @mempool team joins me to explain his recent research report on this topic.
Timestamps:
(00:00) - Intro
(00:44) - Orange Surf’s research report on empty blocks
(02:02) - Block interval data sets
(06:25) - What is an empty block?
(08:09) - What causes an empty block to occur?
(11:35) - Nuances of mining; switching from empty to full block templates
(14:05) - Differences in the empty block performance
(19:01) - Antpool’s internal miner firmware
(25:00) - Effective management of block templates by mining pools
(34:54) - Ocean's empty blocks
(36:08) - Mining decentralisation and proxy pools
(42:14) - Mining templates & pool payouts
(44:57) - Upcoming mempool features
(49:06) - Outro
Tune into @stephanlivera podcast 588 to hear what we learned preparing in our Mempool Research report on Empty Blocks.
SLP588 Why are Empty Blocks Happening? with OrangeSurf from mempool.space
Why are some bitcoin blocks empty? @OrangeSurfBTC from the @mempool team joins me to explain his recent research report on this topic.
Timestamps:
(00:00) - Intro
(00:44) - Orange Surf’s research report on empty blocks
(02:02) - Block interval data sets
(06:25) - What is an empty block?
(08:09) - What causes an empty block to occur?
(11:35) - Nuances of mining; switching from empty to full block templates
(14:05) - Differences in the empty block performance
(19:01) - Antpool’s internal miner firmware
(25:00) - Effective management of block templates by mining pools
(34:54) - Ocean's empty blocks
(36:08) - Mining decentralisation and proxy pools
(42:14) - Mining templates & pool payouts
(44:57) - Upcoming mempool features
(49:06) - Outro
Further reading:
For an in-depth analysis, read the full report prepared for @mempoolresearch by @orangesurfbtc
research.mempool.space/empty…
