A max-plus perspective on package relay and block assembly

The email discussion revolves around the nuances of block assembly in cryptocurrency mining, specifically focusing on the implications of leftover space within blocks. It highlights that the presence of unused space should not immediately be interpreted as evidence of suboptimal behavior by miners. This interpretation stems from an understanding that the process of assembling blocks involves making marginal trade-offs. These decisions are influenced by factors such as the sizing of GBT/coinbase and the construction of templates, which are recognized limitations of the current interface used in mining operations.

The clarification aims to draw a distinction between empirical observations and logical reasoning regarding miner behavior and block assembly efficiency. It acknowledges that while the practical aspects, such as interface limitations, play a significant role in how blocks are assembled today, the core argument centers on the theoretical framework underpinning these decisions. The point being made is nuanced, emphasizing that the mere existence of leftover space in blocks does not automatically indicate inefficiency or non-optimal decision-making by miners.

This perspective is crucial for understanding the complexities of blockchain technology and the strategic considerations miners must navigate. It suggests a deeper analysis is required when evaluating miner behavior, beyond just the surface-level observation of unused block space. This understanding is vital for anyone involved in the cryptocurrency space, whether they are developers, miners, or enthusiasts, as it sheds light on the intricate balance between practical constraints and strategic decision-making in block assembly.