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Claim from the site you linked to is not the same as your claim: > Renewals for names are annual and cost a standard network fee. Miners will receive the trans
by ailideex 7y ago
Claim from the site you linked to is not the same as your claim:
> Renewals for names are annual and cost a standard network fee. Miners will receive the transaction fee as part of their block reward.
This could mean:
- Fixed USD fee (it is not this one)
- Fixed coin fee (don't think it is this one either) - but coin price is marked based - so fee is market based
- Price does not depend on domain name but miners basically decide the fee like it is with other cryptos (think it is this one) - still market based - and actually could be gamed to make it higher for some domain names
So ...
- CameronNemo 7y agoCan you explain how the miners can price discriminate against certain domains? Seems like the network fee would need to be identical for every concurrent transaction.
- ailideex 7y agoI don't know exact details, but if it works like bitcoin miners can refuse to put renewals in blocks if the fees is not high enough.
- xur17 7y agoIn which case you can just wait until there are less transactions waiting to be confirmed, driving the price up (it's a renewal, so you have plenty of time to complete it).