Post
Topic
Board Development & Technical Discussion
Merits 7 from 4 users
Re: Proof blocks will always be full if Veriblock price is over 0.00000410 BTC.
by
nibor
on 08/07/2019, 16:04:37 UTC
⭐ Merited by DarkStar_ (4) ,PrimeNumber7 (1) ,d5000 (1) ,malevolent (1)
Now down to 0.00000271 so pop mining massively loss making.

Their web site is still claiming they are 20% of bitcoin Tx's which I now really cannot believe.
As that would be costing 200k per day in fees and they would only be getting at most 15k-20k of that back in Veriblock coins...

Beginning to think their block-explorer is lying...
https://explore.veriblock.org/network-stats

As that would imply 20ish endorsements per block. But when I scroll back over the last few 100 blocks looks more like 1 or 2.

I think that their front page is counting ALL OP_RETURN txs. But most are from Omni:
http://www.omnilayer.org/
https://omniexplorer.info/

And can verify this here:
http://coinsecrets.org/
(Ones starting with LP seem to be Veriblock).

So Omni is the problem not Veriblock.

Veriblock is only using 0.5%-1% of tx's - which is consistent with the price at the moment.