Does anyone have an idea how the halving can affect fees?
Discussion
fees dont seem to be affected long term by the halving, but i assume hashrate will drop pretty significantly, resulting in that difficulty period there being slower blocks, which wil increase competition for space in the next block and increase fees, until the next adjustment and so on and so on.
I think that's right. No direct change but potential slow blocks (+increase fees to get into fewer blocks) during subsequent difficulty adjustments while things shake out...
Related, there could be a fight across multiple mining pools for block 840,000 due to its high value to the Ordinals / rare sats crowd (same estimates are >$1M for the single rare epic sat) ... and so we will likely see block reorgs (and potentially higher fees) as the miners struggle to keep possession of that block.
Thanks. Interesting take!
Did you see the fees in block 840,000? 😂