Post
Topic
Board Bitcoin Discussion
Re: someone pays 83.65 $BTC ($3,136,058) in transaction fees, overpaying by 120,258
by
tbct_mt2
on 27/11/2023, 02:49:58 UTC
second chart shows what is needed to keep that 30 stat number going on and on and on
only 9-12 btc to flood the mempool and force people to spend 40 or 50 or 60 stats

and you need understand that the 9-12 you flood with don't process so you do not lose that quickly.

Now look at foundry they won't let people under 20 ph mine with them so their payout plans are hidden no one knows how much of the fees they give to miners. Unless you have 20 ph tinted to them you can't join them.

So if they make 30% to the blocks which are inflated to 1 btc in fess. we get

30% of 144 = 43 blocks with say 43 btc in fees vs maybe 12 due to the flooding technique. This is not good.  It could mean 30-50 sats for months on end. as a typical fee.
The flood attack is from Ordinals, Incriptions that all started with the Taproot proposal and community vote to support it.

Incriptions, Mempools and Miners
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
https://dune.com/dataalways/ordinals

Taproot was activated at a block 709,632 on Nov. 14, 2021.
https://blockchair.com/bitcoin/block/709632