How Does Block Space Availability Directly Influence the Miner’s Zero-Fee Decision?

Block space availability is the primary factor influencing a miner's decision to include a non-whitelisted zero-fee transaction. If the block is full, the opportunity cost of including a zero-fee transaction is the foregone revenue from a fee-paying transaction, making the zero-fee inclusion irrational.

If, however, the block is not full (low-traffic environment), the opportunity cost is zero. In this case, a miner might include the zero-fee transaction simply to fill the block, as it does not displace any profitable transactions.

How Does a Fee Market Differ from a Fixed-Fee Structure in a Blockchain?
Can a Miner Include a Lower-Fee Transaction before a Higher-Fee One?
What Is the Role of “Layer 2” Solutions in the Future of Transaction Fees?
Explain the Difference between “Delta-Neutral” and “Gamma-Neutral” Trading Strategies in Options
Why Might a Miner Process Their Own Zero-Fee Transaction?
What Is a ‘Whitelisting’ Policy for Zero-Fee Transactions?
How Does the Cost of Carry Affect a Miner’s Hedging Decision?
How Does a Transaction with a Zero Fee Get Confirmed in a Low-Traffic Blockchain?

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