[Jul 2024] Fees are low, think about Consolidating your small inputs @4.1 sat/vb

[LoyceV]

Blocks are now including 4.1 sat/vbyte transactions. Time to update the title to "July"!

[ABCbits]

Blocks are now including 4.1 sat/vbyte transactions. Time to update the title to "July"!

That's good news. mempool.space now recommend 2 sat/vB for no priority and 5 sat/vB for low priority. Although i would wait for few weeks since i'd rather perform UTXO consolidation at about 1 sat/vB.

[LoyceV]

mempool.space now recommend 2 sat/vB for no priority

I assume this means it's enough to stay in a default mempool without being dropped, but it could still take months to confirm.

i would wait for few weeks since i'd rather perform UTXO consolidation at about 1 sat/vB.

I recently caved, and consolidated at 7+ sat/vbyte. Just my luck for fees to drop right after that

[examplens]

That's good news. mempool.space now recommend 2 sat/vB for no priority and 5 sat/vB for low priority. Although i would wait for few weeks since i'd rather perform UTXO consolidation at about 1 sat/vB.

I planned to wait for 3 sat/vB, but you are quite optimistic about this waiting for 1 sat/vB.
4.1 sat/vbyte sounds pretty good after all over the past months.

[Cricktor]

Although i would wait for few weeks since i'd rather perform UTXO consolidation at about 1 sat/vB.

I can't imagine any soon to see transactions of such low fee rate again. Something tells me, not likely to happen with this ongoing blockchain spam by Runes, Ordinals or whatever name the spammers attach to their fermented monkey shit.

I'm mildly optimistic that this madness may slowly fade out, though I'm not yet too positive. Too much incentive for the next hyped bullshit, unless by some striking magic people come to reason. OTOH, I very much doubt it.