Turns out I was wrong, it is infact these strange transactions paying high fees.

What is a PLC miner?

What is the mechanism to push fees higher?

Is it because the hash rate is so centralized that ant pool can comfortably bet that they will mine these transactions basically paying themselves and forcing everyone to pay higher fees?

Reply to this note

Please Login to reply.

Discussion

PLC - public limited company - by law they have to maximise profits for shareholders, so they're incentivised to promote/support activities which would push the fees up.

The mechanism I'm picturing is exactly that, they know they're going to get roughly X blocks per day, so they all stump up, some get back the same, some a little more, some a little less, but they all win because ordinary Joe is stuck paying hugely inflated fees

If we can't stop this attack on Ordinary Joe with code and stuff. We may have to switch to RandomX..๐Ÿ’€๐Ÿค”๐Ÿงก๐Ÿ˜Š๐Ÿฆ