observer on Nostr: even with the huge backlog and 3mb+ blocks the total fees per block from monkey jpegs ...
even with the huge backlog and 3mb+ blocks the total fees per block from monkey jpegs is so low its basically miner welfare at -$4k. In 2017 the fees were sometimes 4x the subsidy. Equivalent fees today would be ~$550k PER BLOCK.
Published at
2023-02-11 07:35:56Event JSON
{
"id": "bbcbde10a17b5d25a4981bb6fac88577baba1a26f82354536fba370341c3018a",
"pubkey": "eebf4cb59d5ebc09af1983254df7cf570967705bafb162acaab61110d40936bc",
"created_at": 1676100956,
"kind": 1,
"tags": [],
"content": "even with the huge backlog and 3mb+ blocks the total fees per block from monkey jpegs is so low its basically miner welfare at -$4k. In 2017 the fees were sometimes 4x the subsidy. Equivalent fees today would be ~$550k PER BLOCK.",
"sig": "21757150c33358bd6d4d4830f08f00a4e5ecd2d3a1599b9e650cf2380392e4592b14685ff3461f9eb5b3e36d8ecea7246569a82cab7b5b3aba9d262d968a6f4c"
}
