At 100 sat/vByte, each block costs more than 1 BTC in fees.
With 10 min block time, that's 144 blocks a day.
So they would need to burn 144 Bitcoin a day.
In current exchange rate, $5.7m.
$171m a month.
I guess it sounds doable but wouldn't that just increase the bitcoin price in $ terms, while also increasing fees in both sats and $?
It seems unsustainable in the end...
If the btc price doubles (because the attacker keeps buying), and fees double (200 sats/vByte), that's quadruple the cost... $684m per month.
Unsustainable if you ask me.
ODT / ⚡ODT⚡
npub1uw…wkpsa
2023-12-28 14:03:11
in reply to nevent1q…am38
Author Public Key
npub1uw5r5zph90dmvckkus2leadcqhhhhjctywrezt9d4kwhtvftnfuquwkpsaPublished at
2023-12-28 14:03:11Event JSON
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"content": "At 100 sat/vByte, each block costs more than 1 BTC in fees.\nWith 10 min block time, that's 144 blocks a day.\nSo they would need to burn 144 Bitcoin a day.\nIn current exchange rate, $5.7m.\n$171m a month.\nI guess it sounds doable but wouldn't that just increase the bitcoin price in $ terms, while also increasing fees in both sats and $? \nIt seems unsustainable in the end... \nIf the btc price doubles (because the attacker keeps buying), and fees double (200 sats/vByte), that's quadruple the cost... $684m per month.\nUnsustainable if you ask me.\n",
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