Your assumptions are off by quite a lot actually. sha256 chews through about 100MB/s. On 5 year old hardware. And single-threading.
So I'm wondering where that 5ms comes from.
Time to End the Block-Size Blockade - by Roger Ver
Your assumptions are off by quite a lot actually. sha256 chews through about 100MB/s. On 5 year old hardware. And single-threading.
So I'm wondering where that 5ms comes from.
That's not the only operation in tx verification in a block; the signatures have to be verified (the expensive bit), the inputs have to be checked against the utxo set, and the scripts need to be executed.
It's not that simple.
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bitcoind is slow
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