A method and system for processing information (e.g., encoding video data) may include identifying a plurality of sets of data blocks. Such data blocks may, for example, be stored in a memory. One or more candidate data blocks may be selected from one or more of the sets of data blocks. Such a selection may be based on a first selection criterion. A candidate block selection module may, for example, perform the selection. One or more reference data blocks may be selected from the candidate data blocks. Such a selection may be based on a second selection criterion. A reference block selection module may, for example, perform the selection. The reference data block(s) may be utilized to process information. In an exemplary scenario, a reference block may be utilized to encode a current video data block, which may then be communicated to a receiving entity.