Citadel Dispatch CD95: Bitcoin Miner Incentives with Nick Hansen and BitMEX Research
Mar 21, 2023
Nick Hansen and BitMEX Research discuss topics such as mempool clearance, miner incentives, out-of-band payments, mining centralization, and miner extractable value. They explore the challenges faced in the cryptocurrency mining industry, the impact of inscriptions on miner incentives, and the concept of out-of-band transactions. They also delve into Miner Extractable Value (MEV) in Ethereum, minor extracted value in Bitcoin, proposed changes in Stratum V2, selfish mining, spy mining, empty blocks, and the dynamics of Bitcoin mining pools.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 4min
Mempool Clearance and Bitcoin Mining Incentives
04:15 • 7min
Transition from Decentralized Storage to Bitcoin Mining and Development of Mining Platforms
11:08 • 3min
The Impact of Inscriptions on Miner Incentives and Interactions with the Network
14:36 • 5min
Bitcoin Miner Incentives and the Concerns of Out-of-Band Transactions
19:51 • 4min
Miner Extractable Value (MEV) and its Impact on Ethereum
23:27 • 22min
Minor Extracted Value and NFT Auctions
45:15 • 33min
Implications of Out-of-Band Payments and Proposed Changes in Stratum V2
01:18:08 • 10min
Selfish Mining, Spy Mining, and Empty Blocks
01:28:04 • 22min
Bitcoin Mining Pools and Fee Markets
01:50:01 • 15min