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Scraped on 14/09/2025, 11:50:52 UTC
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But, if you want, I can give you my BTC address, and transfer all the fees to me, for transactions below 1sat/vb.
How much power do you have? Enough to get 53k sats?

I don't think you noticed my irony.

I always find it very funny when a mining pool says they would rather mine an empty block than include transactions with a fee below 1sat/vb, because it is "only" $200.
That's literally wanting to lose $200! Because you think you should get $2,000 for the same type of transactions.

Miners forget one simple thing: they process all the transactions they want with zero fees! I wonder how many mining pools broadcast their transactions to the network and let other pools mine. None do! And I think it's good! Now, just as they want to pay as little as possible in fees, other people have that right too.

Bitcoin needs miners, but miners also need people to use and move Bitcoin. Because if there isn't this interest and movement, bitcoin won't appreciate as it has now. But it is valued, because people are not always holding, they are transacting funds, and it is this dynamic that makes the network grow.

Yes, hashing is expensive, and mining is expensive. But history has proven that the block reward has been more than sufficient to sustain mining and generate high profits. I've known these mining "giants" for over 10 years. I'm well aware of their goals and their interest in promoting these theories that rewards are falling and fees must rise. It's just nonsense designed to line their pockets and make it difficult for others to enter their mining business.
Original archived Re: [Sep 2025]Mempool empty, Consolidate your small inputs @0.24 sat/vbyte
Scraped on 14/09/2025, 11:45:31 UTC
Quote
But, if you want, I can give you my BTC address, and transfer all the fees to me, for transactions below 1sat/vb.
How much power do you have? Enough to get 53k sats?

I don't think you noticed my irony.

I always find it very funny when a mining pool says they would rather mine an empty block than include transactions with a fee below 1sat/vb, because it is "only" $200.
That's literally wanting to lose $200! Because you think you should get $2,000 for the same type of transactions.

Miners forget one simple thing: they process all the transactions they want with zero fees! I wonder how many mining pools broadcast their transactions to the network and let other pools mine. None do! And I think it's good! Now, just as they want to pay as little as possible in fees, other people have that right too.

Bitcoin needs miners, but miners also need people to use and move Bitcoin. Because if there isn't this interest and movement, bitcoin won't appreciate as it has now. But it is valued, because people are not always holding, they are transacting funds, and it is this dynamic that makes the network grow.

Yes, hashing is expensive, and mining is expensive. But history has proven that the block reward has been more than sufficient to sustain mining and generate high profits. I've known these mining "giants" for over 10 years. I'm well aware of their goals and their interest in promoting these theories that rewards are falling and fees must rise. It's just nonsense designed to line their pockets and make it difficult for others to enter their mining business.