Derek Ross on Nostr: Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them ...
Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?
Published at
2023-02-15 19:42:51Event JSON
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"content": "Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?",
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