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Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?

Dirl 2y ago

Why are miners not abandoning those pools?

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Discussion

Derek Ross 2y ago

most are unaware. i don't examine every single block that braiins pool mines.

Dirl 2y ago

When looking at mempool.space Most blocks seem to be fine < 2mb and lots of tx in it

TheGrinder 2y ago

This is so wrong in so many ways and very much reminds me of a particular Chinese mining hardware manufacturer who thought (a few years ago) that mining empty Bitcoin blocks (to leech block rewards) is ok just because its possible.

Kruw 2y ago

If the default mempool does not include the highest bidding transactions (due to standardness rules limiting size), it makes sense for a miner to accept these transactions out of band in order to maximize the fees from the blocks they create.