Mempool Observer Topic

[nutildah]

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?

Oh yeah, it was first a thing on Ethereum, and they're actually quite expensive:

https://opensea.io/collection/cryptodickbutts-s3

For 1.25 ETH, you can own this bad boy right now:



They look terrible, lol. I still think CryptoPunks look terrible, but you can't say that in my world, its verboten.

[ABCbits]

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?

Oh yeah, it was first a thing on Ethereum, and they're actually quite expensive:

https://opensea.io/collection/cryptodickbutts-s3

For 1.25 ETH, you can own this bad boy right now:



They look terrible, lol. I still think CryptoPunks look terrible, but you can't say that in my world, its verboten.

Why spend 1.25 ETH when you can just screenshot it . Anyway, i agree people would create their Bitcoin TX with better mempool condition. Surely some of us plan to consolidate UTXO.

[BlackHatCoiner]

Why spend 1.25 ETH when you can just screenshot it

You wouldn't steal a car.

[FeeBuddy]

     

• fastestFee: 27 sat/vB
• halfHourFee: 26 sat/vB
• hourFee: 25 sat/vB
• economyFee: 25 sat/vB
• minimumFee: 24 sat/vB

[bitmover]

Why spend 1.25 ETH when you can just screenshot it

You wouldn't steal a car.

Be ause you cant sell a screenshot , but you can sell an NFT.
Basically a ponzi scheme 

I see values in NFT when we are talking about items in games, domains, etc... but images? Wtf

[stompix]

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.

Yeah, lol, no, they will!

Binance has been constantly overpaying 4x and 5x for withdrawals for years, at the same time they pay only a fraction for their own consolidation and then if indeed of liquidity they raise the fees to 4x what's needed (the same as their withdrawals rates).
Don't underestimate stupid deigns nor how long they can go around unfixed despite their owners losing thousands of $.

Why spend 1.25 ETH when you can just screenshot it . Anyway, i agree people would create their Bitcoin TX with better mempool condition. Surely some of us plan to consolidate UTXO.

And why spend 1.25 ETH when you can just have a brand new collection of dogecoinbuttcatdicksfish for a few cents! 
If you think what was happening on BTC was nuts, wait and see what the wow much such ordinals community is capable of tossing on chain!

Well, at least fees are going down on our side, btw, does feebudy have some autodestruct code that gets triggered when fees hit 1 sat/vb? 

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 28 sat/vB
• hourFee: 27 sat/vB
• economyFee: 27 sat/vB
• minimumFee: 23 sat/vB

[franky1]

                                                                                                   ^        ^
                                                                                                    A        BC
at first i thought pools were letting in zero fee's .. then realised it was just a couple "empty blocks"
A https://www.blockchain.com/explorer/blocks/btc/827402
B https://www.blockchain.com/explorer/blocks/btc/827452
C https://www.blockchain.com/explorer/blocks/btc/827453

just checked on a few recent actual blocks.. rather than averages of the fee buddy and charts here..
and some blocks do average below 20byte/sat (i know feebuddy measures in vbyte, which is different )

[cryptosize]

I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.

Maybe during the next bear market (2026-2027)...

[FeeBuddy]

     

• fastestFee: 34 sat/vB
• halfHourFee: 33 sat/vB
• hourFee: 31 sat/vB
• economyFee: 31 sat/vB
• minimumFee: 23 sat/vB

[FeeBuddy]

     

• fastestFee: 31 sat/vB
• halfHourFee: 28 sat/vB
• hourFee: 26 sat/vB
• economyFee: 26 sat/vB
• minimumFee: 24 sat/vB

[FeeBuddy]

     

• fastestFee: 38 sat/vB
• halfHourFee: 32 sat/vB
• hourFee: 29 sat/vB
• economyFee: 29 sat/vB
• minimumFee: 25 sat/vB

[stompix]

I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.
Maybe during the next bear market (2026-2027)...

Or in a month:
When are we going to see the mempool empty again and 1sat/b confirmations?

1 month   - 2 (12.5%)
3 months   - 1 (6.3%)
Next year   - 5 (31.3%)
Never again!   - 8 (50%)

It took less than a month since I've opened that topic to see 1 sat/vb again, of course it was not that bad at that time as it is now, the purging was at 7.7 and the actual size of the mempool was about 2/3 of this but still it took one month of normalized traffic, if this trend continues we we will probably hit at least under 10sat/b in a few weeks.

[FeeBuddy]

     

• fastestFee: 32 sat/vB
• halfHourFee: 29 sat/vB
• hourFee: 28 sat/vB
• economyFee: 28 sat/vB
• minimumFee: 21 sat/vB

[FeeBuddy]

     

• fastestFee: 24 sat/vB
• halfHourFee: 24 sat/vB
• hourFee: 24 sat/vB
• economyFee: 24 sat/vB
• minimumFee: 22 sat/vB

[franky1]

     

• fastestFee: 24 sat/vB
• halfHourFee: 24 sat/vB
• hourFee: 24 sat/vB
• economyFee: 24 sat/vB
• minimumFee: 22 sat/vB

min fee still above 20 when fast fee at 24.. seems like something is preventing cheap fees from getting through

[FeeBuddy]

     

• fastestFee: 33 sat/vB
• halfHourFee: 30 sat/vB
• hourFee: 28 sat/vB
• economyFee: 28 sat/vB
• minimumFee: 24 sat/vB

[NotATether]

I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.

Maybe during the next bear market (2026-2027)...

I don't think we're going to see 1 sat/vB ever. But that's just me.

[FeeBuddy]

     

• fastestFee: 45 sat/vB
• halfHourFee: 41 sat/vB
• hourFee: 37 sat/vB
• economyFee: 37 sat/vB
• minimumFee: 25 sat/vB

[FeeBuddy]

     

• fastestFee: 29 sat/vB
• halfHourFee: 29 sat/vB
• hourFee: 29 sat/vB
• economyFee: 29 sat/vB
• minimumFee: 24 sat/vB