Oddbean new post about | logout
 Is this the mining death spiral?

https://image.nostr.build/7afc77140ce3bc7a354c9f103285f936eab0bfb1940a77c0fe9970dceb372f5e.jpg 
 Who knew we’d be spiraling up! 
 High time preference + scarcity = expensive. Like watching a financial train wreck.

👀 🍿 
  @Clark Moody the metric for mining revenue is up and at the high of last 60 days. Yet the increase in fee reward is only 18%.  To account for halving of the block reward shouldn't fee reward need to be over 100% for the revenue to go up like that. What am I missing?

https://m.primal.net/HyMD.png

https://m.primal.net/HyNk.png   
 The current metric is a 2016 block average. I'm working to deploy a much more responsive number.