Is there some spamming going on again on the mempool?
It's hard to tell without looking at the actual transactions (which I'm not going to do now). Johoe's site shows a steady increase in fees since yesterday, up to 30+ sat/vbyte now. It looks like this weekend isn't the right time to consolidate. 
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! - page 25. (Read 88281 times)
November 04, 2023, 02:10:17 AM
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
November 03, 2023, 10:53:28 AM
Is there some spamming going on again on the mempool? According to mempool.observer:
Now that we seemed to have got rid of the ordinals, it seems that it was only a small respite.
Now that we seemed to have got rid of the ordinals, it seems that it was only a small respite.
October 26, 2023, 01:04:56 PM
Still a mystery to me why the flow of unconfirmed transactions went above 15-20000 vB/s, especially considering that this didn't happen in May when we had extremely high fees.
There are some three or more factors for it:
- Transactions increment during light hours in USA
- Transactions increment during Weekdays
- A lot of euphory for the bitcoin at 33-34 thousand $ USD
- Some business/developers misunderstand how bitcoin fees works
October 26, 2023, 12:19:23 PM
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions? It doesn't seem very reasonable to me, but I can't find another reason. Any insights?
Consolidation, ordinal minting, it happens all the time, normally you can just go to the next blocks in the queue at mempool.space and see what they are made of it.
In 99% there will be some large blocks linked together and pointing to the same address
This one was from the last spike back in mid-October:
https://mempool.space/address/bc1qthdpgxj73uxumw887ra78pxqj5qy7pt9gf5su5
And nodes rebroadcasting purged sanctions would not make sense since purged ones are low fee, in your graph all the new ones are higher than average fees, with the base in 1-5 sat range basically unchanged!
I either didn't get your answer right, or we are not talking about the same thing. But that's my fault, it was a bit off-topic, as it's not exactly related to the mempool, sorry about that. Thank you for the time you took to reply.
That sounds plausible. Fees were going up, transactions were dropping, and I assume every RBF counts as a new transaction. But still, that would mean each transaction got several fee bumps.
Yes, that's the only explanation I can think of, but numbers don't really match...Still a mystery to me why the flow of unconfirmed transactions went above 15-20000 vB/s, especially considering that this didn't happen in May when we had extremely high fees.
I'll stop the off-topic here. Thank you to those who replied.
October 26, 2023, 09:19:00 AM
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions? It doesn't seem very reasonable to me, but I can't find another reason. Any insights?
Consolidation, ordinal minting, it happens all the time, normally you can just go to the next blocks in the queue at mempool.space and see what they are made of it.
In 99% there will be some large blocks linked together and pointing to the same address
This one was from the last spike back in mid-October:
https://mempool.space/address/bc1qthdpgxj73uxumw887ra78pxqj5qy7pt9gf5su5
And nodes rebroadcasting purged sanctions would not make sense since purged ones are low fee, in your graph all the new ones are higher than average fees, with the base in 1-5 sat range basically unchanged!
After several days of fees around 20+ sat/vbyte, at the moment 2.1 sat/vbyte is likely to get you a quick confirmation. I guess it was Bitcoin's quick price increase that lead to an increase in transaction numbers.
I would blame it more on the luck in block-finding
135 blocks in the 24h interval 3 days ago, 159 a day earlier, that alone is a ~24vM variation.
yes on days that we mine 160 blocks we empty mempool. On days we do 130 blocks mempool fills.
This is all luck-variance. As 130-160 is not huge variance and happens often.
October 26, 2023, 08:12:14 AM
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions? It doesn't seem very reasonable to me, but I can't find another reason. Any insights?
Consolidation, ordinal minting, it happens all the time, normally you can just go to the next blocks in the queue at mempool.space and see what they are made of it.
In 99% there will be some large blocks linked together and pointing to the same address
This one was from the last spike back in mid-October:
https://mempool.space/address/bc1qthdpgxj73uxumw887ra78pxqj5qy7pt9gf5su5
And nodes rebroadcasting purged sanctions would not make sense since purged ones are low fee, in your graph all the new ones are higher than average fees, with the base in 1-5 sat range basically unchanged!
After several days of fees around 20+ sat/vbyte, at the moment 2.1 sat/vbyte is likely to get you a quick confirmation. I guess it was Bitcoin's quick price increase that lead to an increase in transaction numbers.
I would blame it more on the luck in block-finding
135 blocks in the 24h interval 3 days ago, 159 a day earlier, that alone is a ~24vM variation.
October 26, 2023, 04:11:20 AM
I am not sure how to read the graph though.
Take a look at this screenshot from Johoe's Bitcoin Mempool Site:
Note my mouse pointer: it's location is around the time I bumped this topic. Now read the bottom of the popup:
4+: 0.382 vMB
3+: 0.579 vMB
2+: 2.472 vMB
1+: 108.471 vMB
It's obvious 1 sat/vbyte won't be enough for a very long time. But with 3 sat/vbyte, your transaction would have been confirmed in the first block if it was found at this point. If a new block takes longer, fees will quickly rise and 3 sat/vbyte isn't enough. But even if I'd make a transaction that shouldn't take too long, I'd probably risk it with 3.1 sat/vbyte at this point.
The "2+" part is a bit tricky: you can't know if it's 2.0, or 2.8. So if you want to be on top of that, go with 3.1. If you can wait for the entire 2+ section to clear: use 2.1.
October 26, 2023, 03:19:15 AM
Bitcoin Core's estimate is much higher than needed for the purpose of this topic. Look at this graph, hover your mouse on the right, and see what fees were not high enough to be included in the past few hours.
Thank you. I am not sure how to read the graph though. Is there a topic in this forum I could look into? I will search myself, but if you know one, please provide it to me.
October 26, 2023, 03:15:10 AM
Are you sure about these fees? I wanted to consolidate some UTXOs but my node estimates a quick confirmation for 15+ sat/vb
Bitcoin Core's estimate is much higher than needed for the purpose of this topic. Look at this graph, hover your mouse on the right, and see what fees were not high enough to be included in the past few hours. October 26, 2023, 02:43:58 AM
After several days of fees around 20+ sat/vbyte, at the moment 2.1 sat/vbyte is likely to get you a quick confirmation. I guess it was Bitcoin's quick price increase that lead to an increase in transaction numbers.
Are you sure about these fees? I wanted to consolidate some UTXOs but my node estimates a quick confirmation for 15+ sat/vb
October 26, 2023, 12:52:33 AM
After several days of fees around 20+ sat/vbyte, at the moment 2.1 sat/vbyte is likely to get you a quick confirmation. I guess it was Bitcoin's quick price increase that lead to an increase in transaction numbers.
October 25, 2023, 05:47:12 AM
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions?
That sounds plausible. Fees were going up, transactions were dropping, and I assume every RBF counts as a new transaction. But still, that would mean each transaction got several fee bumps. October 25, 2023, 05:02:45 AM
Sorry if it's a bit off-topic, but like many of us I've been looking at mempool.space quite a lot recently. And I don't really get the second graph, "Transaction vBytes per second (vB/s)":
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions? It doesn't seem very reasonable to me, but I can't find another reason. Any insights?
I guess it has to do with the amount of transactions received by mempool.space's nodes, but why was it so high? Is it just that nodes were rebroadcasting purged transactions? It doesn't seem very reasonable to me, but I can't find another reason. Any insights?
October 17, 2023, 10:35:43 PM
Not really sure it's worth installing yet another app on my phone just to up the fee paid. I might see iff I can zappwallet (is that still a thing?)
I do not know much about Zapp wallet, but this are lists of opens source wallet that support RBF: Bitcoin open source wallets that support replace-by-fee (RBF). Not the "Zap Wallet" program/app - (I'm not even sure what the command was now, it's been that long since I've had to do it) zapwallet / zaptransaction - something like that. I tried abandontransaction quite a long time ago and that also didn't work. I was only moving a small amount to the Trust wallet to cover if I have to refund/pay out the wager I have with aoluain in the Rugby discussion thread which I've been holding in my bc1qj9nm97yx377z688cj7h0yl45wve28he05hgrah wallet address for the last two months (it's the semi finals this weekend and the grand-final the weekend after hence the need now to move the funds to cover the transaction).
Quote
Bitcoin open source wallets that support replace-by-fee (RBF)
Not having a stuck transaction for quite a long time I was blissfully unaware "*"of the RBF command in the CORE wallet - I typed in bumpfee (TX) and it added 5sats/vb and the transaction was confirmed in under a minute - fortunately I had some funds in that wallet or I'd still be scratching my head. (Normally I would just use the links in the Broadcast Your RAW Transaction thread, but they haven't budged it either)
"*" and as the pharmacist would say "why would I? I don't need to use it!"
October 15, 2023, 03:17:11 AM
Not really sure it's worth installing yet another app on my phone just to up the fee paid.
After 2 months, I'd do it just to get over it. Or use Electrum from a Linux Live DVD. You may even be able to use CPFP with coinb.in (risks involved!).For small amount, online Electrum or other reputed online wallets like Sparrow et cetera are recommended.
For small amounts (AKA the amounts you can easily afford to lose), it doesn't matter much.Quote
Trustwallet is not recommended at all. It only have one bitcoin address
Does that make Trustwallet the sender? 
October 14, 2023, 09:51:19 AM
Not really sure it's worth installing yet another app on my phone just to up the fee paid. I might see iff I can zappwallet (is that still a thing?)
I do not know much about Zapp wallet, but this are lists of opens source wallet that support RBF: Bitcoin open source wallets that support replace-by-fee (RBF). Follow LoyceV advice, or use 2 sat/vbyte which I do not think is too much.To import seed phrase or private key on a wallet is not difficult, but left to you. Like we have posted before, Electrum is recommended.
The app may have (enabled), not me. As I said earlier, I inadvertently entered 0.00000001 not 0.0000001 so I've just been sitting that one out.
The lowest fee for 1 sat/vbyte is when you use segwit address which is 110 vbyte for 1 input and 1 output, which makes the fee paid to be 110 sat (0.0000011 BTC). Your transaction consists of 4 inputs which are legacy addresses, and 3 outputs which are 1 native segwit, 1 nested segwit and 1 change address which makes your transaction to be 695 byte in size and 695 sat (0.00000695 BTC) in fee.Looks like the only one being suggested is Electrum, for small amounts I find Trust Wallet okay.
For small amount, online Electrum or other reputed online wallets like Sparrow et cetera are recommended. For high amount, cold wallet storage is recommended, like paper wallet if created appropriately offline, reputed hardware wallet or wallet like Electrum on airgapped device.Trustwallet is not recommended at all. It only have one bitcoin address, not having means to pump fee using RBF or CPFP. Many Trustwallet users do complain about error, especially when mempool is congested.
October 14, 2023, 08:39:51 AM
Not really sure it's worth installing yet another app on my phone just to up the fee paid. I might see iff I can zappwallet (is that still a thing?)
The app may have (enabled), not me. As I said earlier, I inadvertently entered 0.00000001 not 0.0000001 so I've just been sitting that one out.
Looks like the only one being suggested is Electrum, for small amounts I find Trust Wallet okay.
Not sure why but one of the explorers keeps saying it's at the end of the queue and never progresses toward the start of the pile.
Quote
By the way, you have enabled RBF, so, what's the problem?
The app may have (enabled), not me. As I said earlier, I inadvertently entered 0.00000001 not 0.0000001 so I've just been sitting that one out.
Quote
It is worth knowing that Trustwallet is a close source wallet and not worth using
Looks like the only one being suggested is Electrum, for small amounts I find Trust Wallet okay.
Quote
1 sat/vbyte transactions are very many and not likely the mempool is going to be congested up to that.
Not sure why but one of the explorers keeps saying it's at the end of the queue and never progresses toward the start of the pile.
October 14, 2023, 07:40:57 AM
It is worth knowing that Trustwallet is a close source wallet and not worth using when there are numerous reputed bitcoin open source wallets.
You can spend unconfirmed transaction on Electrum also if you import BIP39 wallet seed phrase. Trustwallet is BIP39 and importing its seed phrase on Electrum will make that possible.
Any help would be appreciated given "Trust" wallets and "Core" wallets don't include unconfirmed TX in new transactions.
Are those your receiving wallets? I don't use Trust wallet, but in Bitcoin Core, I used this once:I did CPFP with a much higher fee (which took me a while as I had to export/import the privkey first)
After exporting the private key from Bitcoin Core, I used Coin Control in Electrum to send the unconfirmed input. October 14, 2023, 03:06:23 AM
They're still not low enough to shift this transaction
With 1 sat/vbyte, it's part of a very large pool. That's why I prefer to use 1.1 sat/vbyte instead, so at least you're above the large majority on the bottom.Chances are the transaction would have been dropped if you wouldn't have broadcasted it again.
I did CPFP with a much higher fee (which took me a while as I had to export/import the privkey first)
After exporting the private key from Bitcoin Core, I used Coin Control in Electrum to send the unconfirmed input. October 14, 2023, 02:53:51 AM
They're still not low enough to shift this transaction (even using third party broadcast/accelerator sites) after I inadvertently set the fee to 0.00000001 no 0.0000001 - Any help would be appreciated given "Trust" wallets and "Core" wallets don't include unconfirmed TX in new transactions.
1 sat/vbyte transactions are very many and not likely the mempool is going to be congested up to that. If 2 sat/vbyte is used, the transaction likely would have been confirmed. The transaction support RBF which can be used to pump the fee. You would also have been able to
Well, it costs 0.005 BTC to accelerate that transaction via Binance and F2Pool, ViaBTC even asked for 0.0077 BTC. By the way, you have enabled RBF, so, what's the problem? Isn't it possible for you to either use RBF or Child Pays For Parent?
I think there is no other hope unless someone pays out of her pocket or someone has an access to some mining pools to manually include your transaction.
Paid accelerators are very expensive, but definitely he can use RBF. I think there is no other hope unless someone pays out of her pocket or someone has an access to some mining pools to manually include your transaction.
Jump to: