Mempool Observer Topic

[FeeBuddy]

     

• fastestFee: 47 sat/vB
• halfHourFee: 39 sat/vB
• hourFee: 32 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[bitmover]

Fees are getting really lower. 17 sat vB, amazing.  Less than a month after 1200 sat vB when bitcoin was finally killed for good by Runes.

[FeeBuddy]

     

• fastestFee: 20 sat/vB
• halfHourFee: 19 sat/vB
• hourFee: 18 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 21 sat/vB
• halfHourFee: 19 sat/vB
• hourFee: 18 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

[FeeBuddy]

     

• fastestFee: 27 sat/vB
• halfHourFee: 25 sat/vB
• hourFee: 22 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 23 sat/vB
• halfHourFee: 21 sat/vB
• hourFee: 19 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 27 sat/vB
• halfHourFee: 25 sat/vB
• hourFee: 23 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 18 sat/vB
• halfHourFee: 18 sat/vB
• hourFee: 18 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

[FeeBuddy]

     

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

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 27 sat/vB
• hourFee: 23 sat/vB
• economyFee: 14 sat/vB
• minimumFee: 7 sat/vB

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 28 sat/vB
• hourFee: 24 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 17 sat/vB
• halfHourFee: 17 sat/vB
• hourFee: 17 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[NotATether]

Lots of consolidations and very little actual transactions, I guess this is to be expected at these fee rates?

[FeeBuddy]

     

• fastestFee: 17 sat/vB
• halfHourFee: 17 sat/vB
• hourFee: 17 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 24 sat/vB
• halfHourFee: 22 sat/vB
• hourFee: 20 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 17 sat/vB
• halfHourFee: 17 sat/vB
• hourFee: 17 sat/vB
• economyFee: 12 sat/vB
• minimumFee: 6 sat/vB

[FeeBuddy]

     

• fastestFee: 18 sat/vB
• halfHourFee: 17 sat/vB
• hourFee: 16 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

[FeeBuddy]

     

• fastestFee: 26 sat/vB
• halfHourFee: 23 sat/vB
• hourFee: 20 sat/vB
• economyFee: 6 sat/vB
• minimumFee: 3 sat/vB

[DeathAngel]

Fees seemingly coming right down, well, until the next round of pathetic jpeg spamming.

[JayJuanGee]

Fees seemingly coming right down, well, until the next round of pathetic jpeg spamming.

Yes... .This is largely reasonable, even for poor people to buy bitcoin and transact on the blockchain.. yet surely these periods of uncertainty cannot really bring a lot of assurance that UTXOs should be kept in small amounts, so there likely still exist some incentives for those smaller transaction sizes to be conducted with 3rd parties, even if someone might be buying $50 per week, he might want to wait until he gets up to somewhere between $500 to $1k before he moves that BTC to his own private address.  And even if the JPEG nutjobs do not end up coming back, there may be some signs that we have to be careful in regards to how small we might be wiling to keep any of our UTXOs.. Most of my UTXOs are more than $500, but I do have a few that are around $100, so there can be some concerns about circumstances in which those ones can be used...or if they might have periods in which they are not economical to use.

By the way when I look back at the recently processed blocks (https://mempool.space/block/00000000000000000001a72cf36c19a5cf2f2213b85fb13b6ca1962c23f23b8c) , I do see some of the recently processed ones getting down into the 12 - 13 sats per vbytes, and they don't go as low as what fee buddy is suggesting to be possible.. 

I would still be concerned to try to send transactions as low as 12-13 sats per vbyte, even though it does look like they might have decent odds of going through in the coming days,. but surely if there was some desire to consolidate UTXOs, then we would be wanting to get as low a fee as possible, so maybe 15 sats per vbyte with a single input is still going to run about 1,650 sats.. which is about a $1 at current prices.