Bump: this is the time if you want to consolidate at 2.0 sat/vbyte 
It's the weekend again, and fees keep touching a tad under 2.00 sat/vbyte. 
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! (Read 88277 times)
November 17, 2024, 03:28:32 AM
Bump!
October 27, 2024, 07:23:23 AM
I am a victim of this vicious game too.
I've paid high fees, I've paid low fees. Sometimes, after waiting months for a good opportunity, I just give up and do it.Quote
Fees are unpredictable.
Agreed. But today is a good day 
October 27, 2024, 04:02:52 AM
I am a victim of this vicious game too. Fees are unpredictable... Unfortunately!
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
October 27, 2024, 03:54:49 AM
If fees are high long enough, the amount that sounds reasonable to me slowly moves upward. I've consolidated too early at too high a price in the past.
I paid some unnecessary high fees ~last week to consolidate. Didn't realize it will get such lower in this short time. October 13, 2024, 04:07:12 AM
And if I keep reading Loyce's opinion, I will lower it to 2-3 sats/vB. 
Ideally, it should be 1 sat/vbyte 
If fees are high long enough, the amount that sounds reasonable to me slowly moves upward. I've consolidated too early at too high a price in the past.
October 13, 2024, 03:46:22 AM
Fees at 6 sats/vB right now.
I used to think anything less than 10 sats/vB was reasonable for consolidation.
But, apparently I was wrong.
I 've changed my mind and lowered my personal hard cap at 5-6 sats/vB.
And if I keep reading Loyce's opinion, I will lower it to 2-3 sats/vB.
October 13, 2024, 03:24:39 AM
Fees at 6 sats/vB right now.
I'll leave the topic title unchanged. I assume anyone consolidating would read more than just the title, and this topic isn't meant to get a fast confirmation. If it takes a week that should be totally fine. 
October 13, 2024, 03:20:02 AM
Fees at 6 sats/vB right now.
October 11, 2024, 01:47:16 PM
Feeling like stupid. I saw 2 sats per byte earlier but didnt consolidate.
With a bit of luck, by Sunday they’ll have gone down. With some exceptions fees tend to drop over the weekend, and considering how the mempool has been lately, with still many transactions but lower fees, it's likely you’ll have more opportunities to consolidate in the near future.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
October 11, 2024, 12:50:45 PM
Feeling like stupid. I saw 2 sats per byte earlier but didnt consolidate.
October 11, 2024, 10:27:49 AM
There is a bump in Bitcoin transactions again, reaching 40 sat/vByte at the moment. Ordinal spammers occupied the network again, mempool is getting full of ordinals transactions.
Even when fees were low, blocks were still filled for 80-95% with data spam. That's still the same now, so it looks like they're competing against other data spam now.Quote
The only thing that I like here is that too many spammers pay 100x and 1000x times more fees then necessary to get transaction confirmed. I hope their pockets will empty ASAP.
By my estimate, they've spent hundreds of millions of dollars on this. Shaking down gullible people is big business. 
October 11, 2024, 10:12:38 AM
There is a bump in Bitcoin transactions again, reaching 40 sat/vByte at the moment. Ordinal spammers occupied the network again, mempool is getting full of ordinals transactions.
Does anyone know why is there an increased activity from Ordinals? Is there any hype again? It's very strange how it comes and goes in waves. Transaction fees were high yesterday too but it settled down, today they make it again. The only thing that I like here is that too many spammers pay 100x and 1000x times more fees then necessary to get transaction confirmed. I hope their pockets will empty ASAP.
September 29, 2024, 07:18:51 AM
Which also means that transactions with 1.84 sat/vB
You mean 1.85 sat/vbyte Sure, I edited my post. Ok, that wraps up my question. Thank you all.
September 29, 2024, 06:55:33 AM
Which also means that transactions with 1.84 sat/vB
You mean 1.85 sat/vbyte September 29, 2024, 06:49:36 AM
The sending address has 1,347,328 dust transactions, so I can't easily find the input used in this transaction, but let's assume the unconfirmed input paid 1.84 sat/vbyte (and let's assume the transaction size was similar). That means CPFP bumps it up to 1.85 sat/vbyte, while it lowers the effective fee rate on the new transaction (also to 1.85).
Which also means that transactions with 1.85 sat/vB were successfully processed! Trying to keep my question on-topic
September 29, 2024, 05:43:53 AM
I can see that the fee rate is 1.86 sat/vB.
The effective fee rate was 1.85 sat/vB?
Mempool.space indicates that it must have been a CPFP.
But normally, a CPFP is used when someone want to bump the fee rate, not to decrease it.
The sending address has 1,347,328 dust transactions, so I can't easily find the input used in this transaction, but let's assume the unconfirmed input paid 1.84 sat/vbyte (and let's assume the transaction size was similar). That means CPFP bumps it up to 1.85 sat/vbyte, while it lowers the effective fee rate on the new transaction (also to 1.85). The effective fee rate was 1.85 sat/vB?
Mempool.space indicates that it must have been a CPFP.
But normally, a CPFP is used when someone want to bump the fee rate, not to decrease it.
September 29, 2024, 04:27:35 AM
A CPFP is used when, as in the name, a child transaction wants to pay for its parent. That does not necessarily mean to increase the effective fee rate. You might want to spend unconfirmed coins, but you not need to increase the over all (or effective) fee rate.
I never though about it this way. I will give it a try just to check. I have only used RBF twice. Thanks!
September 29, 2024, 04:13:59 AM
But normally, a CPFP is used when someone want to bump the fee rate, not to decrease it.
A CPFP is used when, as in the name, a child transaction wants to pay for its parent. That does not necessarily mean to increase the effective fee rate. You might want to spend unconfirmed coins, but you need not to increase the over all (or effective) fee rate. What you said applies in RBF, wherein you need, not only to provide a greater fee, but sufficiently greater. You can try RBF a 2 sat/vb transaction with a 2.01 sat/vb, and you can verify that it won't propagate.
September 29, 2024, 04:04:53 AM
Question:
I saw this transaction.
I can see that the fee rate is 1.86 sat/vB.
The effective fee rate was 1.85 sat/vB?
Mempool.space indicates that it must have been a CPFP.
But normally, a CPFP is used when someone want to bump the fee rate, not to decrease it.
I saw this transaction.
I can see that the fee rate is 1.86 sat/vB.
The effective fee rate was 1.85 sat/vB?
Mempool.space indicates that it must have been a CPFP.
But normally, a CPFP is used when someone want to bump the fee rate, not to decrease it.
September 29, 2024, 02:53:35 AM
Transactions paying slightly less than 2.00 sat/vbyte are getting confirmed again.
Jump to: