Four key things to take note of when mining: the subsidy is there to help us build, transaction fees must outstrip subsidies, hardware needs to be bought, and don't focus on dollar-based economics.
Given all the recent drama in the space around lawsuits, trials, and online attacks, Joshua Henslee discusses what he thinks is needed to push the BSV blockchain ecosystem forward.
In his latest video, Bitcoin developer Joshua Henslee explains why the empty block miner is not entitled to the subsidy.
Because of the exceptionally low fee endemic in the current BSV ecosystem, the amount of block reward in fees for most of the transactions hardly make it worthwhile for a miner to put into blocks.
Though it’s not clear at this stage what this unknown entity’s motivations are, Bitcoin miners are bound by the network rules established in the Bitcoin white paper.
Bitcoin Association is taking action to contact all relevant exchanges and miners to freeze all block rewards associated with the malicious miner and will be pursuing criminal charges against the entity/entities responsible.
BSV Blockchain Association’s Jad Wahab and Marcin Zarakowski stressed that Bitcoin was created to operate within the law, thus the need to have a tool that will allow asset freezing if there is a valid court order.