franky1
Legendary
Offline
Activity: 4214
Merit: 4475
|
|
January 23, 2024, 09:42:57 PM |
|
seems someone does not want the mempool purge limit to go below 21sat (min accepted 22sat)
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 23, 2024, 11:00:02 PM |
|
- fastestFee: 64 sat/vB
- halfHourFee: 51 sat/vB
- hourFee: 41 sat/vB
- economyFee: 41 sat/vB
- minimumFee: 24 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
BabyBandit
Member
Offline
Activity: 252
Merit: 68
Freedom speech and decentralized places. 💕
|
|
January 24, 2024, 04:32:43 AM |
|
Fee's quite low now, saw it was around 35 sat/vB a day ago or two but didn't go under 30 sat/vB at least what I noticed. Seems to be hard to go down under 25 sat/vB "again" but at least it's getting better but also can get up very fast again so if you gonna send BTC maybe now can be a good time doing so.
|
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 24, 2024, 05:00:02 AM |
|
- fastestFee: 34 sat/vB
- halfHourFee: 33 sat/vB
- hourFee: 32 sat/vB
- economyFee: 32 sat/vB
- minimumFee: 23 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
joker_josue
Legendary
Online
Activity: 1652
Merit: 4564
**In BTC since 2013**
|
|
January 24, 2024, 08:00:04 AM |
|
[/url] What happened, for a repeated increase in the fee, and now everything is back to the way it was before? Someone wanted to get rid of BTC, and the best way was to make a super expensive transaction?
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
bitmover
Legendary
Online
Activity: 2296
Merit: 5921
bitcoindata.science
|
|
January 24, 2024, 10:53:53 AM |
|
[/url] What happened, for a repeated increase in the fee, and now everything is back to the way it was before? Someone wanted to get rid of BTC, and the best way was to make a super expensive transaction? Not one, but a few super expensive transactions For example, this block. It has many transactions of 100+ inputs outputs. https://mempool.space/pt/block/000000000000000000001397ca64ceaf23fb846dcd47abbc97df006fb9b7b4a3
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 24, 2024, 11:00:02 AM |
|
- fastestFee: 28 sat/vB
- halfHourFee: 28 sat/vB
- hourFee: 28 sat/vB
- economyFee: 28 sat/vB
- minimumFee: 18 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
stompix (OP)
Legendary
Offline
Activity: 2884
Merit: 6310
Blackjack.fun
|
|
January 24, 2024, 11:19:53 AM |
|
What happened, for a repeated increase in the fee, and now everything is back to the way it was before? Someone wanted to get rid of BTC, and the best way was to make a super expensive transaction? Somebody started minting ordinals like this: https://ordiscan.com/inscription/57015372a ton of them: https://ordiscan.com/address/bc1put7stra8wjckxws33vq22v9fzsmmrrdsamdeezjyq3gqte0lc22q7vsaez/activityBut unlike others they didn't go for the next block fee and out of the blue paid 5x times the average The previous block was Median fee ~30 sat/vB$1.63 Next block: Median fee ~202 sat/vB $10.97 And as soon as those finished fees went down a ton, much like the Binance consolidation a few days ago, but that was only half a block worth of fees, but they still paid 240sat/vb. Now corelating that with the discussion in the mining speculation topic, see how high block rewards can come out of the blue? And finally some good news, we're down to 350vMB till 10sat/vb, Texas wakes up and we're up 15blocks so that means 15vMB of transactions on top of normal capacity getting processed, theoretically best case scenario we might see 21~22 sat/vb for a bit on Monday morning after the weekend is gone!
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
joker_josue
Legendary
Online
Activity: 1652
Merit: 4564
**In BTC since 2013**
|
|
January 24, 2024, 01:42:07 PM |
|
Now corelating that with the discussion in the mining speculation topic, see how high block rewards can come out of the blue? But their emergence in a timely manner makes perfect sense to me. What I find strange is that this altar has been perpetuated for a long time. But, of course, in reality everything is very unpredictable in this field.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 24, 2024, 05:00:02 PM |
|
- fastestFee: 32 sat/vB
- halfHourFee: 30 sat/vB
- hourFee: 28 sat/vB
- economyFee: 28 sat/vB
- minimumFee: 24 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 24, 2024, 11:00:03 PM |
|
- fastestFee: 29 sat/vB
- halfHourFee: 28 sat/vB
- hourFee: 26 sat/vB
- economyFee: 26 sat/vB
- minimumFee: 20 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 25, 2024, 05:00:01 AM |
|
- fastestFee: 26 sat/vB
- halfHourFee: 25 sat/vB
- hourFee: 25 sat/vB
- economyFee: 25 sat/vB
- minimumFee: 24 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 25, 2024, 11:00:01 AM |
|
- fastestFee: 37 sat/vB
- halfHourFee: 35 sat/vB
- hourFee: 31 sat/vB
- economyFee: 31 sat/vB
- minimumFee: 25 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
NotATether
Legendary
Offline
Activity: 1596
Merit: 6730
bitcoincleanup.com / bitmixlist.org
|
|
January 25, 2024, 12:05:41 PM |
|
Fees have actually dipped below 30 sats/byte somehow. Are people bored of Ordinals already? What happened, for a repeated increase in the fee, and now everything is back to the way it was before? Someone wanted to get rid of BTC, and the best way was to make a super expensive transaction? Somebody started minting ordinals like this: https://ordiscan.com/inscription/57015372a ton of them: https://ordiscan.com/address/bc1put7stra8wjckxws33vq22v9fzsmmrrdsamdeezjyq3gqte0lc22q7vsaez/activityBut unlike others they didn't go for the next block fee and out of the blue paid 5x times the average The previous block was Median fee ~30 sat/vB$1.63 Next block: Median fee ~202 sat/vB $10.97 And as soon as those finished fees went down a ton, much like the Binance consolidation a few days ago, but that was only half a block worth of fees, but they still paid 240sat/vb. Now corelating that with the discussion in the mining speculation topic, see how high block rewards can come out of the blue? And finally some good news, we're down to 350vMB till 10sat/vb, Texas wakes up and we're up 15blocks so that means 15vMB of transactions on top of normal capacity getting processed, theoretically best case scenario we might see 21~22 sat/vb for a bit on Monday morning after the weekend is gone! I'm pretty sure a lot of Ordinals exchanges do not have a robust software tooling, so they're either using a hardcoded fee or they are just using a fee that the operator has to put in. I don't see automated software constantly overpaying 5x, 10x on fees unless its a bug. It's more like people who are (extremely) impatient.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 25, 2024, 05:00:02 PM |
|
- fastestFee: 35 sat/vB
- halfHourFee: 33 sat/vB
- hourFee: 32 sat/vB
- economyFee: 32 sat/vB
- minimumFee: 23 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 25, 2024, 11:00:02 PM |
|
- fastestFee: 24 sat/vB
- halfHourFee: 24 sat/vB
- hourFee: 24 sat/vB
- economyFee: 24 sat/vB
- minimumFee: 22 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
bitmover
Legendary
Online
Activity: 2296
Merit: 5921
bitcoindata.science
|
|
January 26, 2024, 02:48:39 AM |
|
I'm pretty sure a lot of Ordinals exchanges do not have a robust software tooling, so they're either using a hardcoded fee or they are just using a fee that the operator has to put in.
I don't see automated software constantly overpaying 5x, 10x on fees unless its a bug. It's more like people who are (extremely) impatient.
I think we will see 1 sat vB transactions again in a few months. There are less transactions in the mempool (used to be 250k, now about 220k) and fees are already 20~ instead of 30.
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
nutildah
Legendary
Offline
Activity: 2982
Merit: 7976
|
|
January 26, 2024, 02:53:42 AM |
|
I think we will see 1 sat vB transactions again in a few months.
That would be great, but I think every time fees start to approach that level, someone will say, "Oh, now's the perfect time to inscribe my series of byte-perfect CryptoDickButts." We'll see.
|
|
|
|
FeeBuddy
Copper Member
Member
Offline
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
|
|
January 26, 2024, 05:00:01 AM |
|
- fastestFee: 24 sat/vB
- halfHourFee: 24 sat/vB
- hourFee: 24 sat/vB
- economyFee: 24 sat/vB
- minimumFee: 24 sat/vB
|
bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0 Data from mempool.space.
|
|
|
NotATether
Legendary
Offline
Activity: 1596
Merit: 6730
bitcoincleanup.com / bitmixlist.org
|
|
January 26, 2024, 07:31:18 AM |
|
That would be great, but I think every time fees start to approach that level, someone will say, "Oh, now's the perfect time to inscribe my series of byte-perfect CryptoDickButts."
Is that seriously a thing now?
|
. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
|
|
|
|
|