I stumbled across this paper that was published a month ago, describing mining strategies on the post fixed block reward era. I found it interesting for discussion, and I share it: https://arxiv.org/pdf/2411.11702.
The competition of people trying to get their transactions included in the next block, being the primary factor that determines block reward, is what causes the volatility. If a selfish miner removes honest miners' blocks from the canonical chain, it can extend the block generation time, and make the competition more intense, which will increase his profitability. The existence of real cost (block subsidy) does not allow this strategy to be profitable at the moment.
Topic: Incentive of selfish mining under volatile block rewards - page 2. (Read 350 times)
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