We really don’t know what is running for the Select network. And do I remember correctly that they pay more to the node operators on the Select network?
The biggest problem is that there are not enough customers.
October 2023:
Today:
While the available space including Select now has doubled, stored customer data is basically not growing. And if it is growing it seems growth is happening on the Select network.
So if there was some initial hope that increased usage will somehow compensate for the reduced rates does not work well it seems.