Peck by twetch#622

1Eyk15…d43C Key · twetch

If you're currently confused as to why miners like TAAL aren't mining huge blocks despite the large number of transactions being pushed through on BSV...

Look at the average sat/B fees they're accepting.

Remember folks, this is a market...

What the chain says

Transaction: c461abc826a4e8be8e519ee63bf2dac5c732f20008cfdb9de01b11dfe85cbc6f
Block: 634 443
Time: 2020-05-11T16:22:36Z
Signer: 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#622

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C Verified

Replies (8)

twetch#2130 6.4y

1CZZWy…hDsf Key · twetch

Replying to@1Eyk15…d43C

Of course it’s a market. But right now ViaBTC are leaving fees on the table at 0.25 sat/b while mining others at the same rate (WeatherSV). They have clearly capped their block size to 1 mb. 🤷‍♂️ Why 🤔

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1CZZWy…hDsf

I'd bet they haven't invested in the software required to manage transactions they put into their blocks, so they've capped the size to 1MB in order to reduce expenses... They're after the subsidy, not the fees. It's easier for them that way.

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Replying to@1Eyk15…d43C

That is the sort of miner that will die out over the next ~4-8 years.

Depends on how quickly transaction volume rises...

twetch#2130 6.4y

1CZZWy…hDsf Key · twetch

Replying to@1Eyk15…d43C

Yep short term gain they seem to be going for. Sad to see tbh. They were doing 8mb blocks fairly consistently a while back, not sure if they went higher than that though. 🤞 we see txs volume increase massively forcing them to alter course.

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Post by twetch#622

Replies (8)