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by thesz
164 days ago
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Blocks are Merkle trees, only the head transaction contains global seed. So, for one to mine block, one needs to walk Merkle tree up from head and then finish work with small amount of data in the block header. Thus, the time spent mining block is directly dependent on the logarithm of number of transactions in the block. If one can mine a block with 3000 transactions (11-12 hashes to the header) in 10 minutes, one can mine a block with one transaction (1 hash to header) about ten times as fast. The construction of the block is negligible if we talk about complete block mining time. |
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