Mempool Observer Topic

[hZti]

How long would it take to confirm a 1 sat/vB transaction?

24+ hours? Has anyone tried it for consolidation?

I tried a 1 sat/vB consolidation as an experiment a month or so ago using a pruned node just to see if it will work and how long it would take.
Blockchain explorers still show it as unconfirmed. My node is still running. The transaction is composed of more than 50+ dust UTXOs
Do unconfirmed month old transactions still get confirmed if ever fees get low enough a month after? Or is a rebroadcast needed?

It depends on the wallet software. I have tried something similar with blue wallet and every time the transaction was dropped from the mempool it was instantly resubmitted automatically. Eventually after 6 month it was confirmed when there was a timeframe where fees went to 1 sat/vByte.

So you can simply try it and wait for it to get confirmed. Just check that it is not thrown out of the mempool and if it is just resubmit it.

[stompix]

First of all, can anyone explain what causes such a sudden sharp rise in number of transactions? This just happened now.

That is a bit of a misleading graph, it's not tx per second, it is in vb/s.
So assuming I'm the only user if I send a consolidation one like :
https://mempool.space/tx/c5d2b9d5ae8941f05fd9be2a040564ab0c81f9af3cacde4bf3862e5c4a5299e7
that is ‎43 000 vb/s
if I send 10 of this
https://mempool.space/tx/9021a8d8061c5201aac5441e9bb171c572d2d9a62fa94e7a9a46948b3f809741
‎it's 1920 vb/s

Basically any service consolidating will make a spike in that graph.

Here is the transaction: https://mempool.space/tx/78e35dc01f976166bab5dcc5089c2649c97427cd28c4bc0ebde55a0fcb23d87f
Just what the hell is going on?

Ordinal minting bot badly configured, not the first time:
https://ordiscan.com/address/bc1qgc7nldyvcz6uqjfmpx8nvj7zh644xz0tj8k9xp

[FeeBuddy]

     

• fastestFee: 21 sat/vB
• halfHourFee: 18 sat/vB
• hourFee: 16 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 60 sat/vB
• halfHourFee: 51 sat/vB
• hourFee: 38 sat/vB
• economyFee: 14 sat/vB
• minimumFee: 7 sat/vB

[FeeBuddy]

     

• fastestFee: 22 sat/vB
• halfHourFee: 20 sat/vB
• hourFee: 18 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 15 sat/vB
• halfHourFee: 14 sat/vB
• hourFee: 14 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[stompix]

So... What kind of game is MARA Pool playing

And as they did it again twice in the last days, obviously the answer is the money game
Behold::::::

https://ordiscan.com/inscription/63026232


But the funny thing is that's a resized image since: 


I wonder why some can't stick to simple art that can be understood by anyone, much like:
https://ordiscan.com/inscription/63126854

Luckily enough outside consolidation and "art" there is not that much activity, fees are still around 12-15 sat/b

[FeeBuddy]

     

• fastestFee: 48 sat/vB
• halfHourFee: 43 sat/vB
• hourFee: 38 sat/vB
• economyFee: 14 sat/vB
• minimumFee: 7 sat/vB

[FeeBuddy]

     

• fastestFee: 32 sat/vB
• halfHourFee: 29 sat/vB
• hourFee: 23 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 45 sat/vB
• halfHourFee: 44 sat/vB
• hourFee: 41 sat/vB
• economyFee: 14 sat/vB
• minimumFee: 7 sat/vB

[FeeBuddy]

     

• fastestFee: 50 sat/vB
• halfHourFee: 45 sat/vB
• hourFee: 43 sat/vB
• economyFee: 16 sat/vB
• minimumFee: 8 sat/vB

[FeeBuddy]

     

• fastestFee: 85 sat/vB
• halfHourFee: 75 sat/vB
• hourFee: 66 sat/vB
• economyFee: 18 sat/vB
• minimumFee: 9 sat/vB

[Synchronice]

Guys, if I want to find out ordinals transactions, should I choose inscription filter on mempool.space? I want to find out whether recent high transaction fees are because of ordinals or whether it is a normal process.

Here is the transaction: https://mempool.space/tx/78e35dc01f976166bab5dcc5089c2649c97427cd28c4bc0ebde55a0fcb23d87f
Just what the hell is going on?

Ordinal minting bot badly configured, not the first time:
https://ordiscan.com/address/bc1qgc7nldyvcz6uqjfmpx8nvj7zh644xz0tj8k9xp

As far as I understand, the author of those ordinals is paying a lot just to mint text 832991.bitmap on blockchain, am I right? Why the hell should someone buy NFT that is a text 832991.bitmap?

I wonder why some can't stick to simple art that can be understood by anyone, much like:
https://ordiscan.com/inscription/63126854

We live in a strange world where it's normal to pretend that you are an animal captivated in human's body and request a special care at school or other places. So, now it makes sense to say that this is a piece of art for some people.

[FeeBuddy]

     

• fastestFee: 106 sat/vB
• halfHourFee: 101 sat/vB
• hourFee: 95 sat/vB
• economyFee: 24 sat/vB
• minimumFee: 12 sat/vB

[FeeBuddy]

     

• fastestFee: 47 sat/vB
• halfHourFee: 44 sat/vB
• hourFee: 42 sat/vB
• economyFee: 18 sat/vB
• minimumFee: 9 sat/vB

[stompix]

As far as I understand, the author of those ordinals is paying a lot just to mint text 832991.bitmap on blockchain, am I right? Why the hell should someone buy NFT that is a text 832991.bitmap?

Because it's part of a collection:
https://ordinalswallet.com/collection/bitmap
You see how it immediately raises in value? 
https://magiceden.io/ordinals/item-details/db2b94318f07079b8bd78b38d1bc4134cad49d22b44459538db3fdee5f20a876i0

Beautifullllll

We live in a strange world where it's normal to pretend that you are an animal captivated in human's body and request a special care at school or other places. So, now it makes sense to say that this is a piece of art for some people.

Nice way to say it but I'm still on the opinion some people should be flogged till they can't see lines or colors anymore!

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 28 sat/vB
• hourFee: 26 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 26 sat/vB
• hourFee: 23 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 83 sat/vB
• halfHourFee: 64 sat/vB
• hourFee: 45 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 23 sat/vB
• halfHourFee: 21 sat/vB
• hourFee: 19 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB