More BTC mining profits - will it last?

Mining & Hardware ASIC Mining
#1

So all of us mining Sha-256 are enjoying more profits over the past few days. Now I personally do not have to knowledge to verify this but a pool operator said this

We also have managed to confirm that the network congestion was indeed caused by BRC-20 mint tokens, so it was not an attacker, but rather lots of new functionality being added to BTC. We will keep a close eye on the developments.

Do you reckon that mining profitability is here to stay assuming this is correct?

Happy Hodling, with these transaction fees :sweat_smile:

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#2

I don’t think it will last long, the block reward of 13btc is very abnormal, which may cause delays in the packaging of normal transactions.

#3

this type of functionality was enabled with taproot, it’s just now that people are starting to take more advantage of it. I suspect we’ll see these things move to other layers as volume and fees increase though. And will also drive more lightning adoption for every day payments. I think stacks (STX) is a pretty interesting layer for thinks like tokens and nfts.

I guess the bottom line is that people value issuing a token on the main chain enough to pay these fees.

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