about 1st., why would someone , spend bucks just to slow bitcoin network down temporarily, i mean each tx has tx fees.
i can understand setting 1sat/Byte fee, so avg fee would be 190-224 satoshis.
so 0.00000224 Bitcoin equals 0.01 US Dollar , so its kind of cheap to flood network with low fees tx., but still high fees tx get priority. so whats the point ? or they are creating many high fees tx , it will surely cost them.
Yup. They do require high tx fees. Two reasons why this would make sense
1. They flood the network to push for a hidden agenda. They can effectively convince people that Bitcoin can't handle the load.
2. Miners can create an impression that there are loads of high fee transaction on the network. People would start paying a lot more and they would effectively earn a lot more than they spend. This is just a hunch so take it with a grain of salt.
i can understand about 2nd, being there are less miners mining blocks. so if they are not mining blocks, what are they doing ?
They are mining alt coins with SHA256D algorithm, eg. Bitcoin Cash.
