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Title: Transactions in mempool fell off a clif? Post by: Coose365 on October 04, 2023, 01:24:01 AM Anyone have an idea of why txn count has fallen so hard recently? it hasn't been anywhere near this low in over 6 months.
https://mempool.jhoenicke.de/#BTC,1y,count https://mempool.space/mempool-block/0 Title: Re: Transactions in mempool fell off a clif? Post by: FinneysTrueVision on October 04, 2023, 03:02:19 AM A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens. The hype for Ordinals has also declined significantly. These NFTs and token minting were taking up a majority of blockspace but now that user interest has plummeted it alleviates the mempool backlog and reduces fees for monetary transfers.
Title: Re: Transactions in mempool fell off a clif? Post by: joniboini on October 05, 2023, 12:39:11 AM If you take a look at the all-time mining history, the spike in transactions followed by a significant decrease is not surprising.
I second the opinion that the recent one is affected by the BRC tokens, but it is possible that the BTC price movement also affects it to some extent. I don't think you need to be worried about it as of now, considering people still mine even before BRC tokens were a thing. CMIIW. Title: Re: Transactions in mempool fell off a clif? Post by: albert0bsd on October 05, 2023, 01:38:38 AM A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens. I wonder what if thet start to mint another shittoken ::) ??? If they alrady made some profit with previous experiment, do you believe that they will stop there? Title: Re: Transactions in mempool fell off a clif? Post by: philipma1957 on October 05, 2023, 02:19:40 AM A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens. I wonder what if thet start to mint another shittoken ::) ??? If they alrady made some profit with previous experiment, do you believe that they will stop there? it is more complex then that. Viabtc has been paying 104 to 105% due to the excess tx numbers they have dropped to 99% so about 0.06 x 6.25 = 0.3750 coins per block are gone. stretch it out to 144 blocks and that is 54 btc not going to miners per day . about 1.458 million a day lost to miners. Thus miners are dropping like flies at the moment. https://newhedge.io/terminal/bitcoin/difficulty-estimator Latest Block: 810677 (5 minutes ago) Current Pace: 96.7699% (246 / 254.21 expected, 8.21 behind) Previous Difficulty: 57119871304635.31 Current Difficulty: 57321508229258.04 Next Difficulty: between 55524956869361 and 56899621903499 Next Difficulty Change: between -3.1342% and -0.7360% Previous Retarget: Yesterday at 3:56 AM (+0.3530%) Next Retarget (earliest): October 17, 2023 at 6:30 AM (in 12d 8h 12m 5s) Next Retarget (latest): October 17, 2023 at 3:09 PM (in 12d 16h 50m 48s) Projected Epoch Length: between 14d 2h 34m 12s and 14d 11h 12m 54s 3.3% of 410 eh is 13.53 eh or about 100,000 s19 xp's off line. |