Mempool Observer Topic

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 1 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 1 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 1 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 1 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 11 sat/vB
• halfHourFee: 10 sat/vB
• hourFee: 9 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 2 sat/vB
• hourFee: 2 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 1 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 9 sat/vB
• halfHourFee: 6 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[Wind_FURY]

Time to update FeeBuddy to display fractional fee rates? @bitmover

The limitation for now lies in mempool.space api

https://mempool.space/api/v1/fees/recommended

Even in their website the recommended fee is still using integers.

As soon as they update,  feebuddy will be updated as well.

Maybe mempool.space doesn't want to update it. As many people use mempool.space, and they probably work very close to miners, they don't want to make fees go to even lower rates.



I will try later on to figure out something if they do not update it by their own....

Or they probably think there's no need to change anything for now because they're still hoping that demand for block space will come back? Do they actually believe that fees under 1 sat/VB is merely a temporary matter?

Plus we can't blame the miners if they don't want the fees to go down to lower rates. They would go out of business, and mining would centralize towards the more efficient and well-capitalized miners.

[bitmover]

Or they probably think there's no need to change anything for now because they're still hoping that demand for block space will come back? Do they actually believe that fees under 1 sat/VB is merely a temporary matter?

Plus we can't blame the miners if they don't want the fees to go down to lower rates. They would go out of business, and mining would centralize towards the more efficient and well-capitalized miners.

I believe they do not want to encourage other people to send transactions lower than 1 sat/vB. A lot of people, and wallets, use mempool.space API to calculate transaction fees. If they add such feature, it is very likely that fees will drop even more.

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 1 sat/vB
• hourFee: 1 sat/vB
• economyFee: 1 sat/vB
• minimumFee: 1 sat/vB

[Wind_FURY]

Or they probably think there's no need to change anything for now because they're still hoping that demand for block space will come back? Do they actually believe that fees under 1 sat/VB is merely a temporary matter?

Plus we can't blame the miners if they don't want the fees to go down to lower rates. They would go out of business, and mining would centralize towards the more efficient and well-capitalized miners.

I believe they do not want to encourage other people to send transactions lower than 1 sat/vB. A lot of people, and wallets, use mempool.space API to calculate transaction fees. If they add such feature, it is very likely that fees will drop even more.

That would be bad indeed. There's a debate happening that miners actually need more profit margins counted in sats rather than profit margins counted in U.S. Dollars. What's your opinion about it?

I believe that miners should be counting them in fiat because their expenses ARE in fiat. It would not make sense to count them in units of Bitcoin if real world bills are denominated in fiat, no?