Now, if you look here: https://ordiscan.com/, you can see two key statistics about the Ordinals rush:
1. 13.5 GB of our disk space is being wasted by our nodes storing these inscriptions inside transactions. That is 13.5GB used in just 9 months!
Extrapolating, that means that you will be wasting roughly 15GB of storage each year on worthless Ordinal tokens, as long as the demand is constant.
2. Ordinals users have paid over 1385BTC in transaction fees for inscribing this stuff. That means miners have earned literally 1385BTC from this time period or over 50 million dollars altogether.
So yes, it is keeping the miners afloat, but the disk space usage (and the associated spike in mempool fees) is quite annoying regardless.
1. 13.5 GB of our disk space is being wasted by our nodes storing these inscriptions inside transactions. That is 13.5GB used in just 9 months!
Extrapolating, that means that you will be wasting roughly 15GB of storage each year on worthless Ordinal tokens, as long as the demand is constant.
2. Ordinals users have paid over 1385BTC in transaction fees for inscribing this stuff. That means miners have earned literally 1385BTC from this time period or over 50 million dollars altogether.
So yes, it is keeping the miners afloat, but the disk space usage (and the associated spike in mempool fees) is quite annoying regardless.
Diskspace would be used anyhow if there would be usage, and the complaining for the 15 GB, sorry it's ridiculous.
I agree disk space is really minor concern. But i'd like to point out UTXO growth which demands more RAM or I/O speed.
With BRC-20 (and similar protocol), the worst part isn't storage but rather UTXO growth. In last 2 months, total UTXO is increased by about 15 millions.
Source: https://www.statoshi.info/d/000000009/unspent-transaction-output-set?orgId=1&refresh=10m&viewPanel=6&from=now-1y&to=now
Source: https://www.statoshi.info/d/000000009/unspent-transaction-output-set?orgId=1&refresh=10m&viewPanel=6&from=now-1y&to=now
And at time of writing this post, statoshi.info report there's about 128.3 million UTXO. Although i have no idea how much UTXO growth impact RAM and I/O usage.
Anyway is this possible that Ordinal using system like layer 2 on ETHereum using Rollup transaction ?
NFT already possible on LN and various Bitcoin sidechain, it's just almost nobody use it.