Mempool Observer Topic

[FeeBuddy]

     

• fastestFee: 26 sat/vB
• halfHourFee: 25 sat/vB
• hourFee: 25 sat/vB
• economyFee: 20 sat/vB
• minimumFee: 10 sat/vB

[1714605771]

1714605771

[1714605771]

1714605771

[1714605771]

1714605771

[FeeBuddy]

     

• fastestFee: 21 sat/vB
• halfHourFee: 21 sat/vB
• hourFee: 21 sat/vB
• economyFee: 18 sat/vB
• minimumFee: 9 sat/vB

[FeeBuddy]

     

• fastestFee: 26 sat/vB
• halfHourFee: 24 sat/vB
• hourFee: 23 sat/vB
• economyFee: 22 sat/vB
• minimumFee: 11 sat/vB

[FeeBuddy]

     

• fastestFee: 26 sat/vB
• halfHourFee: 24 sat/vB
• hourFee: 23 sat/vB
• economyFee: 22 sat/vB
• minimumFee: 11 sat/vB

[NotATether]

Oh dear.

I think we have left FeeBuddy unattended for too long, and now it's made a mess.

But it DID make sense, https://bitcointalk.org/index.php?topic=5478905.msg63607204#msg63607204

Canchain,and MoBox.

Two more "projects" building on top of Bitcoin that are using their capital, both human and financial capital, very inefficiently by wasting their time and resources in developing those projects that will be hard to boot-strap with users because the network will be too expensive to use.

SatoshiDice and there was an on-chain sports betting service that closed because running everything on-chain, although very ideal, was becoming impractical and too expensive.

Nowadays, the price of bitcoin makes such ventures too expensive for any practical use.

[bitmover]

Oh dear.

I think we have left FeeBuddy unattended for too long, and now it's made a mess.

Something is wrong with feeBuddy.

I noticed he was down for more than 24h. He was unable to login into the server, I don't know why but the auth tokens were not working.

just as mysteriously as it stopped working, it came back lol. Feebuddy is back

[joker_josue]

just as mysteriously as it stopped working, it came back lol. Feebuddy is back

He came back, but angry. The graph line now goes off scale!

Or has it always been like this, and I'm just now noticing? 

[bitmover]

just as mysteriously as it stopped working, it came back lol. Feebuddy is back

He came back, but angry. The graph line now goes off scale!

Or has it always been like this, and I'm just now noticing? 

You are right, it is off scale. I need to push the line a few more pixels.
I didn't noticed it. Thanks.

[stompix]

Oh dear.
I think we have left FeeBuddy unattended for too long, and now it's made a mess.

Probably because he loses attention when fees go down?
Like chartbuddy he needs outrageous price swings to have people paying attention or he will go on rampage.

And I just love the new mempool features (and icons):


Shows a ton of consolidation happening lately, maybe 20sat/vb is for some a sweet spot and they are afraid things might get worse again. but we're just 120vMb from hitting 10sat/vb and if the hashrate keeps the  pace we're going to have extra 90 blocks till next Thursday, combined with an weekend, maybe , maybe!!!

[FeeBuddy]

     

• fastestFee: 21 sat/vB
• halfHourFee: 21 sat/vB
• hourFee: 21 sat/vB
• economyFee: 21 sat/vB
• minimumFee: 11 sat/vB

[paid2]

     

• fastestFee: 21 sat/vB
• halfHourFee: 21 sat/vB
• hourFee: 21 sat/vB
• economyFee: 21 sat/vB
• minimumFee: 11 sat/vB

Time to consolidate if needed guys, fees are almost "normal" now! 

[FeeBuddy]

     

• fastestFee: 22 sat/vB
• halfHourFee: 22 sat/vB
• hourFee: 22 sat/vB
• economyFee: 18 sat/vB
• minimumFee: 9 sat/vB

[FeeBuddy]

     

• fastestFee: 27 sat/vB
• halfHourFee: 25 sat/vB
• hourFee: 23 sat/vB
• economyFee: 20 sat/vB
• minimumFee: 10 sat/vB

[okorieemmanuel]

I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

[franky1]

I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending

[okorieemmanuel]

I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending

Ok. I can agree with you on this. However, during that period, the fees were high but now, the fees are relatively moderate and with the same amount today as fees, the transaction should be confirmed.  In my own opinion, the transaction should be detected by mempool at least. This is unfair. I have sent fees of 10 sat/byte and mempool.space detected it.

[franky1]

I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending

Ok. I can agree with you on this. However, during that period, the fees were high but now, the fees are relatively moderate and with the same amount today as fees, the transaction should be confirmed.  In my own opinion, the transaction should be detected by mempool at least. This is unfair. I have sent fees of 10 sat/byte and mempool.space detected it.

your tx wont confirm fast because currently (2 hour ago)
fastestFee: 27 sat/vB
halfHourFee: 25 sat/vB
hourFee: 23 sat/vB
economyFee: 20 sat/vB

fees of 23sat/b took hour+
so you have to wait and hope your transaction out of the many that also pay 16sat/b get picked up

also mempools detecting it does not mean MINING pools pick it up. especially if there are megabytes of other transactions 17sat/b+ waiting ahead of you.. even though SOME mining pools selectively choose a couple transactions outside of "highest first" policy. to appear helpful. would make those couple transactions of lesser fee just pot luck getting ahead of the queue.. not a policy that guarantees you getting added any time soon

put it this way.. right now
https://jochen-hoenicke.de/queue/#BTC,2h,weight
there are about 50mb of transactions ahead of yours
~4mb a block means 12 blocks of transactions paying 17sat/b before getting to yours
and if everyone even in last couple hours pays more then 17sat/b it then treats the 17sat/b+ more priority even if your transaction is 10 hours old, but their 17sat/b is 2 minutes old, they come first(in usualy highest fee first) policy

[okorieemmanuel]

     

• fastestFee: 22 sat/vB
• halfHourFee: 22 sat/vB
• hourFee: 22 sat/vB
• economyFee: 18 sat/vB
• minimumFee: 9 sat/vB

Note the minimum fee here is 9sat/byte

[franky1]

Note the minimum fee here is 9sat/byte

that does not mean that blocks are grabbing all transactions 9sat up
it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy
you just have to be patient

yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed

using
https://jochen-hoenicke.de/queue/#BTC,2h,count

there is about 17,000 transactions waiting paying 14-17sat/b
so you are in a waiting list with 17k other transactions of about your fee rate(51k minus 34k)

looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range)
https://www.blockchain.com/explorer/blocks/btc/829631


out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b
meaning only ~11% of a block selector chooses the lottery of your range. but your range has 17k other competitors

so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%)

[okorieemmanuel]

Note the minimum fee here is 9sat/byte

that does not mean that blocks are grabbing all transactions 9sat up
it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy
you just have to be patient

yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed

using
https://jochen-hoenicke.de/queue/#BTC,2h,count

there is about 17,000 transactions waiting paying 14-17sat/b
so you are in a waiting list with 17k other transactions of about your fee rate

looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range)
https://www.blockchain.com/explorer/blocks/btc/829631


out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b
meaning only ~9% of a block selector chooses the lottery of your range. but your range has 17k other competitors

so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%)

Ok.

Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT.  Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly