A lock free queue, by definition, does not have blocking operations.
How would you synchronize on the datastructure? There is no internal lock, for obvious reasons, because that would mean all clients need to synchronize on it, making it your grandfathers locking concurrent queue.
So indeed, you will have to devise a waiting function yourself. How you do this depends on your use case, which is probably why the library doesn't supply one (disclaimer: I haven't checked and I don't claim to know the full documentation).
So what can you do:
As you already described, you can spin in a tight loop. Obviously, you'll do this if you know that your wait condition (queue non-empty) is always going to be satisfied very quickly.
Alternatively, poll the queue at a certain frequency (doing micro-sleeps in the mean time). Scheduling a good good frequency is an art: for some applications 100ms is optimal, for others, a potential 100ms wait would destroy throughput. So, vary and measure your performance indicators (don't forget about power consumption if your application is going to be deployed on many cores in a datacenter :)).
Lastly, you could arrive at a hybrid solution, spinning for a fixed number of iterations, and resorting to (increasing) interval polling if nothing arrives. This would nicely support servers applications where high loads occur in bursts.
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