This block gave roughly 1% greater revenue to Mempool, the …
This block gave roughly 1% greater revenue to Mempool, the miner who put it together, than many of their competitors are receiving due to soft caps they've put in place.
Depending on the margins, that is huge.
https://whatsonchain.com/block-height/622766
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1% greater revenue on a 1% margin = double the profit.
That's for a 50MB block with an average fee of ~0.252 sat/B, which is on the low end of currently accepted fees (hence why only Mempool is snatching them up.)
The real question for where fees go from here is... Who has a higher time preference: miners, or users?
If miners have a higher time preference, then miners will start raking up these fees instead of keeping the fees high.
If users have a higher time preference, then users will start bidding fees up again before miners take up the low fee transactions.