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Author Topic: Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC  (Read 2739 times)
jnano
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June 09, 2021, 02:55:01 PM
 #81

When choosing the non-default BTC mempool on Johoe's site, the hover table strangely shows a wrong "total".
Though not a big deal. Just need to mind instead the "1+" line above it.

ranochigo
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June 09, 2021, 03:25:58 PM
 #82

When choosing the non-default BTC mempool on Johoe's site, the hover table strangely shows a wrong "total".
Though not a big deal. Just need to mind instead the "1+" line above it.


Non-default mempool doesn't strictly enforce standardness in terms of the minimum mempool fees, the disparity arises with the fact that the graph doesn't show transactions that pays a fee of 0 - 1 satoshi. Since default implementation enforces 1+sat/vbyte, there is no disparity in the total. It doesn't matter because the default puts it at 1 sat/vbyte and is also what most miners enforce as well.


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jnano
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June 09, 2021, 11:07:09 PM
 #83

If that's the case it should show also the 0+ stats line. As it is, the numbers just look wrong.
A few months back, before the redesign, it looked correct.

How do you know, by the way? Did check the source code?
nc50lc
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June 11, 2021, 03:26:52 AM
 #84

If that's the case it should show also the 0+ stats line. As it is, the numbers just look wrong.
A few months back, before the redesign, it looked correct.
-snip-
I noticed that too.
With the updated version, when you try to force the minimum to 0, you'll see that there are a lot of accumulating
<1sat/B transaction in his mempool: jochen-hoenicke.de/queue/#BTC,3m,weight,0

But based from this: /jhoenicke/mempool/blob/master/web/queue/mempool.js
He's using the default mempool setting so there shouldn't be any <1sat/B txn in his mempool, it must be a bug in the site or server.

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jnano
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June 11, 2021, 11:05:49 AM
 #85

Cool, didn't know about the minimum parameter.
Though, even with that enabled the total is wrong.
nc50lc
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June 12, 2021, 03:20:30 AM
 #86

-snip-
Though, even with that enabled the total is wrong.
I think I get where your confusion with the total is.
In "Johoe's Bitcoin Mempool Statistics", the numbers you see in each fee rate range is already the total of the ones on top of each range.
So for example, the value in "1+" is the total size of all transactions from 1~2000+ in the graph.

What's been weird in the site since the update is the seemingly stuck <1sat/vB transactions when you enable to 0+ minimum flag.
But we're getting out of topic, you can start a new thread if you want to continue the discussion about that specific mempool statistic site.

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tranthidung (OP)
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July 04, 2021, 03:11:26 PM
 #87

It's Sunday, around 15 UTC and you have chances to enjoy very low fees.

As of writing, you can get a confirmation in next 1 block if you use a fee rate at 2 to 3 satoshi/ (v)byte for your transaction. Total size of mempool from the tip to 2 sat/ (v)byte is less than 0.77 vMB.

Check the mempool at https://jochen-hoenicke.de/queue/#1,24h

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July 05, 2021, 08:44:25 AM
 #88

The situation looks even better this morning. At the moment I am writing this post, there are less than 500 unconfirmed transactions according to what https://mempool.space/ is showing. A 1 sat/vByte is all that is needed today. I hope this lasts.

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