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Bitcoin Forum / Re: ordinals and inscriptions
« Last post by Lucius on Today at 04:08:57 PM »~snip~
20 sat/vbyte is already an acceptable figure for consolidation
We are currently at 16 s/vB and I don't see why the fees wouldn't go even lower if there is no new mempool spam. In reality, the number of transactions related to Bitcoin is quite small and is mostly between CEXs and clients and vice versa.
~snip~
Because according to a study I recently read, the cost of mining 1 Bitcoin is equivalent to about 80K$. If this is true, miners will seek to make up the difference by raising fees.
If that were the case, most miners would stop mining, but I think that the price is much lower and depends on the price of electricity, the rent of the space where the devices are located and their efficiency. In addition, miners who are long in this business certainly have some BTC and money that can help them in transitional times like the one we are in now.