What Do Miners REALLY Think About Ordinals?
summary
Ordinals and runes generate half a billion dollars of fee revenue in 18 months and create sharp, spiky fee events that force miners to rethink revenue and costs. Pools, not hash farms, build block templates and decide which large inscriptions propagate, enabling non‑standard transactions under consensus limits (practical forwarding limit ≈400 KB, consensus cap ≈4 MB). The shift exposes weak UTXO management practices, makes fee volatility a capital planning input, and drives interest in opcodes like OP_CAT.
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chapters (9)
- 0:00Getting into ordinals and the art conversation
- 3:06Learning about Bitcoin as a minor
- 6:11Bitcoin Fees Behavior and Market Dynamics
- 9:22The Difference Between Bitcoin Miners and Pools
- 12:45The Hard Limit of Bitcoin Transactions
- 15:51The Importance of Understanding Energy Costs in Mining
- 18:56The Future of Miner Fees
- 21:59Opportunity for Miners in the Fee Market
- 25:01Volatility and Opportunities in Trading
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