1.7.2020 - 3 days remaining in Epoch 10
6, 212 BTC MINT VOLUME - CURRENT EPOCH
4,190 BTC MINT VOLUME - PRIOR EPOCH
2,022 (48%) GROWTH IN BTC MINT VOLUME
If MINT Fee was not raised .05% - the additional volume required to match Dark Node income is
1,553.24 BTC or $59,000,000 USD. This volume amount of 1,553.24 BTC is 3.3X as much volume as the arbitrage wallet has produced in its entire existence.
For the last two epochs, Dark Node operators navigated the market correctly by increasing MINT fees, allowing new dark node operators to experience steady income growth while maintaining a healthy dark node growth rate per epoch.
RenVM is still in the very early days, showing consistent growth in income builds faith and stabilizes the value of REN tokens. This value will price where the market feels DarkNode ROI is enticing. The more steady growth we can demonstrate, as opposed to large swings in income, the more future operators will want to join the network.
I predict we continue to see increases in volume over the next epoch, if we raise fees to 0.3%, we will capture this value and continue to price discover market Mint Rates