Quote from: larry_vw_1955 on Today at 06:05:52 AM

Quote from: philipma1957 on Today at 01:05:48 AM

the natural order is

BTC move big wealth
LTC + doge move small wealth

yeah, i think we all realize there's some altcoins with tiny fees. but to some people that kind of makes them feel like a traitor to bitcoin. they thought they could use bitcoin for all their banking needs. well, if you're willing to pay then i guess you can! but lesson #1 is the blockchain doesn't care about how expensive it is for people to make a transaction it really couldn't care less. otherwise it would have been designed such that the fee could never be more than a certain amount in US dollars. I realize that doing that would require an oracle of some kind and people would be against that though...

Quote from: HmmMAA on December 12, 2023, 06:53:53 AM

Block explorers will be compensated in the future . With fees of a thousandth of a cent per tx , it will be nothing for a user that wants to check his tx to pay 0.01 $ per check .

With bitcoin the way it is right now, that doesn't seem logistically possible to do, aka, micropayments. Unless you as the node operator accept Litecoin. or some other altcoin with low fees. but that would be like encouraging people to use Litecoin instead of bitcoin...

No you simply don't understand the economics involved here.

foundry (biggest pool) does not need nfts.

they own 33% of the hashrate.

Forgot now think April block reward is 3.125 coins. fees are ?

Look at last 2 days of fees below

Quote

https://bitcointalk.org/index.php?topic=5431167.msg63341261#msg63341261
<snip>
block fees

4.60
5.29
2.49
3.47
3.04
3.95
3.20
2.37
3.24
3.43
2.87
3.01
3.98
3.57
4.60
4.45
3.11
3.73
4.36
4.38
4.38
4.00
3.62
3.41
3.01
2.63
2.56
4.29
2.83
2.79
2.90
3.19
3.25
2.65
3.60
3.93
4.75
2.94
2.84
2.55
3,58
3.70
3.65
3.56
3.96
4.64
5.40
4.51
4.77
5.55
5.55
6.19
5.44
5.71
6.36
6.76
6.89
7.86
6.36
5.83
5.96
5.06
4.17
4.07
3.94
3.40
4.74
3.24
3.09
3.67
3.41
3,41
3.29
3.30
4.00
2.98
3.85
4.81
3.83
3.83
3.83
3.75
3.46
4.58
4.18
3.46
3.57
4.60
3.19
4.36
3.08
2.56
3.65
3.51
3.21
3.27
3.62
3.19
3.80
3.14
3.41
3.62
3.43
3.71
3.91
3.57
3.45
3.96
3.57
3.45
3.96
4.72
3.67
3.82
4.52
4.46
4.11
0 >>>>>>>>>> ant pool
3.99
4.08
3.94
4.46
3.53
3.64
3.88
3.99
4.05
5.26
4.02
4.41.
4.25
4.29
4.73
4.75
5.00
6.01
5.88
6.51
5.54
6.30.
5.00
5.09
5.39
6.25
4.73
5.05
5.73
5.38
6.07

0 >>>>> AntPool

5.41
5.35
6.66
6.08
5.53
5.84
6.24
6.61
7.74
7.05,
5.56
5.91
6.15
5.91
5.99
6.45
6.74
6.93
7.38
7.41,
8.05
7.31
7.16
4.87
4.84
4.84
4.07
4.19
4.61
4.08.
4.08
4.80
4.48
4.22
4.66
3.88
3.76
4.19
2.76
4.13,
3.04
3.05
3.22
3.17
3.56
3.38
3.99
3.85
3.13
3.21,
3.56
3.38
3.73
3.57
3.79
3.77
4.21
4.58
3.89
4.29,
3.03
3.21
3.11
2.30
2.54
2.33
2.25
2.78
2.33
2.67,
2.33
2.66
2.59
3.03
3.26
2.92
2.23
2.37
2.57
2.98,
2.40
2.85
2.38
2.61
2.57
1.68
1.77
2.17

foundry in May can simply down clock all its gear and not mine 48 blocks a day.

Say they mine 30 blocks a day for 4 days. that clogs the mempool fees go to 3 or 4 coins

crank the gear back up and mine 48 blocks a day

So for 4 days they lose 72 blocks of say 4 coins with the fees or 288 coins OMG

then for 10 days they mine 48 block with boosted fees of say 1 goes to 4

that is 10 x 48 = 480 blocks with 2 or 3 extra coins or 960 to 1440 more coins

and they have a drop in power expense

I am not making this up it is real math. It is why 2023 has been the highest fee years every in sats and in cash value.

but 2024 will be higher.