What do the fees look like on big block chains today? 1 sat/vb isn’t paying the bills
Discussion
Mining isn’t supposed to pay the bills.
The electric bills * for the mining. Aka there needs to be an incentive to mine or there is not a strong security model. Hashrate is low on big block chains for a reason. Demand for smaller block is clear because it results in higher fees that pay miners more.
As a miner you’re fucking lucky to break even.
Be happy if you make a few bucks.
The hash rate is high because of fomo.
Miners like small blocks & complex transactions as they make more in fees this way.
Could it be the miners themselves colluding making inscriptions/ordinals as a way of driving up fees?
You’re a small blocker you wanted Segwit/taproot what are your plans for fixing this?