Is this the mining death spiral? https://image.nostr.build/7afc77140ce3bc7a354c9f103285f936eab0bfb1940a77c0fe9970dceb372f5e.jpg
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.