~~
Basically they turn the miners on when the difficulty goes down, and when the difficulty increases they turn the miners off - directing you to another job.
That makes sense to me. Which proves that there are large miners that adopt this strategy. In turn, this makes it clear that mining is less decentralized than it should be.
Is there any way to try to avoid this type of behavior in the future? Unfortunately I don't think so, and I believe it will get "worse".
here look at this post I just did in another section
LN has its own issues.
This fee level dropped a bit. last blocks are running a bit under 1 coin in fees.
See the pattern repeat year after year.
next spring with rewards 3.125 miners will really need fees to grow.
funny how
2016 25 coins to 2-3 btc fees not bad
2020 12.5 coins to 2-3 btc fees bad
2023 6.25 coins to 2-3 btc fees = terrible
2024 3.125 coins to 2-3 btc fees = a miners dream a users nightmare
large players have a vest interest in jacking up btc fees.
and they do it time and time again. It all ties in with how to max your profits.
BT topic.
https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 816325 (26 minutes ago)
Current Pace: 103.1092% (1862 / 1805.85 expected, 56.15 ahead)Previous Difficulty: 61030681983175.59
Current Difficulty: 62463471666732.73
Next Difficulty: between 64404555057593 and 64416304463627
Next Difficulty Change: between +3.1075% and +3.1264%
Previous Retarget: October 29, 2023 at 11:50 PM (+2.3477%)
Next Retarget (earliest): Tomorrow at 12:42 PM (in 1d 0h 53m 33s)
Next Retarget (latest): Tomorrow at 12:46 PM (in 1d 0h 57m 6s)
Projected Epoch Length: between 13d 13h 52m 4s and 13d 13h 55m 37s
we are up to 3.1% that would mean 10) biffa in the lead with about 1 day to go. those blank spots could still mean no winner01) 0.01 to 0.33%. I will pick this and give to joker_josue if I win philipma1957
02) 0.34 to 0.66%
03) 0.67 to 0.99% - joker_josue
04) 1.00 to 1.32%
05) 1.33 to 1.65%
06) 1.66 to 1.98% - Stompix pledges to rollover to next pot.
07) 1.99 to 2.31% - iwantmyhomepaidwithbtc2
08) 2.32 to 2.64%
09) 2.65 to 2.97%
10) 2.98 to 3.30% - Biffa
11) 3.31 to 3.63% - Mikeywith pledged to talkimg
12) 3.64 to 3.96% - Warfare
13) 3.97 to 4.29% - Greyhats
14) 4.30 to 4.62% - alh
15) 4.63 to 4.95% - GazetaBitcoin
16) 4.96 to 5.28% - NeuroticFish pledged to talkimg
17) 5.29 to 5.61% - vapourminer pledged to talkimg
18) 5.62 to 5.94% - Heuristic pledged to talkimg
19) 5.95 to 6.27%
20) 6.28 to 6.60%
21) 6.61 to 6.93%
22) 6.94 to 7.26%
23) 7.27 to 7.59%
24) 7.60 to 7.92%
25) 7.93 to 8.25%
26) 8.26 to 8.58%
27) 8.59 to 8.91%
28) 8.92 to 9.24%
29) 9.25 to 9.57%
30) 9.58 to 9.90%
Sunday and with 27-28 blocks to go 10) biffa is in the lead
https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 816451 (2 minutes ago)
Current Pace: 103.1093% (1988 / 1928.05 expected, 59.95 ahead)Previous Difficulty: 61030681983175.59
Current Difficulty: 62463471666732.73
Next Difficulty: between 64415269217967 and 64415657564012
Next Difficulty Change: between +3.1247% and +3.1253%
Previous Retarget: October 29, 2023 at 11:50 PM (+2.3477%)
Next Retarget (earliest): Today at 12:42 PM (in 0d 4h 31m 33s)
Next Retarget (latest): Today at 12:42 PM (in 0d 4h 31m 40s)
Projected Epoch Length: between 13d 13h 52m 4s and 13d 13h 52m 11s
we are in danger of no winner as it could drop to 09) or 08) which were not picked.
update we shifted to 3.34% putting mikeywith in the lead at block 2005
update we shifted to 3.48% keeping mikeywith in the lead at block 2009