ordinals

1/ 
Early Winds Phenomenon: 

There's a unique situation that I've seen occur a few times now, particularly with the DMT-NAT mints that are hosted on either Luminex/Unisat, where being among the first to mint a highly anticipated drop you may, in fact, be less likely to successfully inscribe.

Revised Edition

🧵👇

2/ 
Though there is an exception: if you are lucky and the block clears as soon as you send at whatever sufficient s/vb value then, by the grace of the mempool, you are marked safe. If you are looking to inscribe another batch then, as you know, another block, another array of circumstances.

4/
What's different about this block? The former ones in the mempool have gone through in a span of 8-12 minutes yet this one in particular with the anticipated drop live is taking 25-35 minutes. How can this be a problem for those who got an early wind with no block that luckily insta-sent after sending to inscribe?

5/ 
At the beginning of the block when you were looking to inscribe a batch at, lets say, s/vb values of 27 and 29, respectively, for medium and high prio. Throughout the span of that congested block the competent s/vb value for you not to get front run could double to quadruple.

6/
It is very important you ascertain a competent s/vb value to hedge against potentially having someone else front run you, having to accelerate, or reinscribe a batch which can shift your predetermined cost of entry.

7/
To those who catch wind a bit later (in the middle of the block, perhaps), the prior 27 and 29 s/vb values at the beginning of the block are now insufficient because med and high values are, lets say, 67 and 71 now and you're already beat because you thought a custom value of 55 was good when high prio was 29.

8/ 
So, because those who caught wind of the collection later had a higher perceived s/vb value of what's required to be competent, anything before it gets pushed to the back of the block because the block has yet to even close.

9/
I remember minting Natcorns on Luminex and I sent 99 s/vb for 25 when high prio was only 24 s/vb at the beginning of the block. By the end of that 30 minute block high prio s/vb was 87. I still got frontran on 4/25 but managed to secure 21.

10/
Others who sent at 40-60 s/vb at the beginning of the block (with the same perceived conditions as myself) were concerned with the state of their transaction and were employing new strategy, while I was  comfortable with the s/vb value I sent and let the transaction continue.

11/
Not that I'm a genius, because I certainly could have ended up overpaying at the close of the block if given the contrary, but luckily I ended up with 80%ish of the batch I sent for. All things considered, the true nature of the mempool is PvP and things can go either way despite what we prepare for.

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I do believe that knowledge and the shared cultivation of it can help us all navigate our ways through web3 effectively and ensure that every moment of our time is as fulfilling as it can be here. These scenarios are new and no one should be subject to the risk associated with lack of understanding toward them.

13/
I have had my fair share of mints with this type of structure and hope that the thread was good food for thought. I dubbed the scenario the "Early Winds Phenomenon." In short, being so early could play out adversely relative to fluctuating s/vb values on a block with certain conditions.

14/
This is an edit of the initial thread I made a few days ago. I’ve had the honor of getting the peer review of @obonox and with his insight we’ve made the adjustments necessary to convey this matter to you guys even more concisely.

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I wont delete the initial cast because it should be there as a reminder that we should always strive for progress over perfection.

16/
I'm also casting this in the /ordinals channel. I feel it is more suited to the content. 

Pleasure to share with you all. 

Stay safe, stay sharp, be well. Love yall, happy Friday and have a blessed Weekend

3/ 
Now, on the other hand, a perplexing issue arises on the block(s): a highly anticipated mint of such likes goes live, for instance, note the remaining inscriptions and live timestamp on Luminex; note the s/vb values on mempool(dot)space.