Author: darosior 2022-02-11 06:51:34
Published on: 2022-02-11T06:51:34+00:00
The context provided is a conversation between two individuals discussing the effect of increasing feerate on a miner's reward. The first person explains that increasing feerate isn't always economically rational and gives an example where it could decrease the miner's reward. They also mention that if the miner only has a limited number of transactions, they may be interested in maximizing absolute fees rather than feerate. However, they acknowledge that this argument may not align with today's reality where there is a need for a large backlog of transactions.The second person expresses confusion about why the miner wouldn't want a transaction paying more fees, to which the first person responds that it is because the miner wants to maximize their total reward rather than just the fee per byte. Overall, the conversation highlights the complexities involved in determining the most profitable strategy for miners in the current landscape of Bitcoin transactions.
Updated on: 2023-06-15T16:34:09.631518+00:00