This is excellent. I've been trying to find a technical explanation of ASCIBOOST for some time. Most of the articles and discussions gloss over the details. It is possible that this is part of the reason some miners are blocking SegWit but there is more to it. Core (the main Bitcoin development team) promised to provide a block size scaling solution and then reneged. This pissed a lot of people off and led to the blo…
>I don't see ASCIBOOST as a real problem for Bitcoin. It often incentivizes miners to reorder or drop transactions until they hash to a specific value. (A certain mining pool is publishing a significant number of empty blocks.) Miners exist to verify transactions, and Bitcoin was designed with transaction fees in order to incentivize miners to include transactions. A competing force pushing miners away from including…
Transaction fees are going up and the block reward is dropping so long term this won't be a problem. Miners mining empty blocks will not make money any more.