HIP 69: Re-assertion Fee Reduction

• Author(s): @TheRealJohnMac50
• Start Date: 2022-07-24
• Category: Economy
• Original HIP PR: HIP draft - Re-assertion Fee Reduction #453
• Tracking Issue: This
• Status: In Discussion

Summary

The average daily mining reward per hotspot is currently equal to around 50,000 DC; and it costs 1,000,000 DC to reassert a hotspot's location.

As a result, it would take nearly a month for the average hotspot to earn enough to pay for one location reassertion.

Therefore, if we are trying to expand the network and want hotspots in saturated areas to move into less saturated areas (or moreover in lone wolf-like areas), the current reassertion price is not viable and needs to be reduced.

Rendered View

https://github.com/helium/HIP/tree/main/0069-reassertion-fee-reduction.md