Hi guys, the payment for week 174 has been sent:https://www.blockchain.com/explorer/transactions/btc/99e333f620736ad945a01b259d1c7d6efcf62bb29ec0c863caf7ab8d95975879
The bonus went to:
- hugeblack
- Bitcoin_Arena
- KingsDen
- m2017
- Adbitco
We thank all the applicants for their interest in our campaign. The new member will be
LogitechMouse. Welcome on board!
We would like to address a few questions raised here.
Mempool.space seems to recommend a 19 sat/vB fee for low priority
This is approximate reference information, which, by the way, can change every other minute. We rely on other sources when generating transaction fees, and accusing us of not looking at any particular source of reference information is somewhat strange. But the problem with confirmation, indeed, took place. We apologize to everyone who experienced inconvenience due to this incident.
Этo пpимepнaя cпpaвoчнaя инфopмaция, кoтopaя кpoмe тoгo мoжeт измeнятьcя кaждыe нecкoльк
The transaction support RBF
We prefer the "child-pays-for-parent" mechanism instead of the "replace-by-fee" one in such a critical situation. And we successfully applied it this time, which is why it is incorrect to speak about the amount of commission for a separate transaction, as we send a “descendant transaction” with an overestimated commission after we identify the problem, and it would be more correct to rely on the average commission rate between them.
I wouldn't lightly "accuse" a proven and one of the longest-running campaigns that they wanted to save $20 or $30 here. I am quite sure that it was not their intention to cause a delay in payment to 25 participants due to such an amount.
No one is blaming anyone, but it is strange for a manager to pretend that nothing happened on the bitcoin network and send the same fees as before. Nevertheless, such moments must be taken into account when forming payments to their participants. Indeed, the campaign lasts 174 weeks and pays weekly $2.5k-$3k to its members, but can't pay the $25 commission instead of $5. It's really weird.
As it was correctly noted, we do not aim to save up a few bucks, considering total expenses for all the transactions. We are talking about obtaining up-to-date information in automatic mode, sometimes, in critical situations (such as 400 thousand transactions in the queue), the information we receive can become outdated too quickly. But in 95% of cases, the system works properly and correctly, so we have no incentives for complex improvements and the selection of other sources of information.
In those rare moments when delays occur due to a critically increased load (which happens no more than once a year), we manually adjust the commission, capturing all "exits with change" from hung transactions in order to use the CPFP mechanism.
A vivid example of such a transaction:
https://blockchair.com/bitcoin/transaction/92a0e147e35a5021233eb3a6f134f44dc96ddb757632f8c94b2c3b563434e7d9
