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0 pointslatchkey4y ago0 comments

LOL! Pretty sure those community calls did not include ALL miners. With regards to the rest, it is all political theater.

The mechanics I'm referring to are in the 50+ page document that I read, that I'm sure most people (miners) are not even aware of: https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackm...

As for profitability changes, that's almost impossible to measure right now. There is too many variables. One is that there isn't any wallet support for 1559 yet (MM came out today and is apparently, um, lacking). People are still over paying for transactions. Difficulty + price changes + pool luck + changes in hardware stability also make things nearly impossible to track accurately. I have a margin of error, but it doesn't look too bad right now actually.

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Tenoke4y ago

>LOL! Pretty sure those community calls did not include ALL miners.

They included the biggest miners and overall > 50% of the mining power as far as I could tell.

>The mechanics I'm referring to are in the 50+ page document that I read,

I wish you'd specify what mechanic in particular you think others misunderstood and you didn't, as I included the main ones from their arguments.

latchkeyOP4y ago

Exactly. 50% isn't enough to reach consensus. I also know pools that voted against it, which kind of regret that now that they understand things better. A big issue is that miners and some of the pools were still raw over progpow.

Point #1 is a big one. A huge number of people thought that fees would go down.

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