I don't know what drives this frenzy.
Ignorance, people who don't understand at all what they are doing.
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! - page 3. (Read 88487 times)
August 23, 2024, 11:08:03 PM
Ignorance, people who don't understand at all what they are doing.
August 23, 2024, 01:17:50 PM
It's crazy some people willing to pour their money into TX fee.
Absolutely, I've no words when I see that there are 11 transactions yesterday on August 22nd which paid more than 0.1BTC transaction fee, the highest paid a jaw-dropping 0.5243909BTC in fees. See this query for the transactions I'm speaking of:https://blockchair.com/bitcoin/transactions?s=fee(desc)&q=fee(10000000..100000000),block_id(857000..)#f=hash,input_count,output_count,time,fee,block_id
I don't know what drives this frenzy. All I know, I don't want to be part of it, because very likely a lot of blinded greedy people will loose money and/or their coins. Much fewer profit from this madness, allowing even such crazy fees to throw out.
But at least some miner receive unexpected extra income.
And it blew over quickly, so actual users where not much affected.
That's the only good thing I can take from the current situation. 
August 23, 2024, 08:52:51 AM
It's crazy some people willing to pour their money into TX fee.
People will be willing to do a lot of things when you say your project is revolutionary and get enough hype around it. Bonus points for making it as complex as possible....But at least some miner receive unexpected extra income.
And it blew over quickly, so actual users where not much affected.- Jay -
August 23, 2024, 04:14:12 AM
Here[1] is where I read it. There are also a bunch of tweets talking about it. I have no clue what exactly they are doing and how it concerns bitcoin, will give it a quick read later.
It is madness that things like this and rune can affect the price of bitcoin tx insanely.
[1] https://x.com/mononautical/status/1826604180251050388
- Jay -
It is madness that things like this and rune can affect the price of bitcoin tx insanely.
[1] https://x.com/mononautical/status/1826604180251050388
- Jay -
So you park your coins but you still have control over them and you can earn from that but not in the first stage of the project where you won't be rewarded for staking, but.....
Seriously, what the x am I reading? What is this?
And speaking about blocks, just found this one:
https://ordiscan.com/blocks
An explorer like mempoolspace but in which you can see the "art" that is inscribed in each block.
I visited Babylon website and read few recent news, but there's no mention of how much profit Bitcoin owner could make.
This much
Quote
Do I get rewards for staking?
No. This is a locking-only phase without a PoS chain. There is no PoS staking reward nor incentives for participation
. No. This is a locking-only phase without a PoS chain. There is no PoS staking reward nor incentives for participation
August 23, 2024, 03:43:49 AM
I don't even know what this means 
But I do know it has nothing to do with Bitcoin itself.
Here[1] is where I read it. There are also a bunch of tweets talking about it. I have no clue what exactly they are doing and how it concerns bitcoin, will give it a quick read later. But I do know it has nothing to do with Bitcoin itself.It is madness that things like this and rune can affect the price of bitcoin tx insanely.
[1] https://x.com/mononautical/status/1826604180251050388
- Jay -
It's crazy some people willing to pour their money into TX fee. I visited Babylon website and read few recent news, but there's no mention of how much profit Bitcoin owner could make. But at least some miner receive unexpected extra income.
August 22, 2024, 10:17:14 AM
60 coins worth of fees in 6 blocks.
Fees are low again. It blew over.I'm curious how many people were involved in this, I wouldn't be surprised if it's one person doing this, hyping all the BS they made up, so he can sell it later.
Mempool.space calls this a consolidation. All I see is dust being created and consolidated in massive quantities. There are still far too many gullible people in crypto.
August 22, 2024, 08:56:35 AM
60 coins worth of fees in 6 blocks. Here is hoping that this is not a month long event like dec 2023 was.
August 22, 2024, 08:21:55 AM
This is the definition of absurdness:
Imagine using Bitcoin Core's default target of 20 minutes: 13.33052 mBTC/kvB! For 40 minutes, it recommends 0.03833 mBTC/kvB. Absurdness indeed!Here[1] is where I read it.
Thanks for the link, but you missed my sarcasm: I don't want to know what it means 
It's spam. August 22, 2024, 08:21:31 AM
I don't even know what this means But I do know it has nothing to do with Bitcoin itself.
Here[1] is where I read it. There are also a bunch of tweets talking about it. I have no clue what exactly they are doing and how it concerns bitcoin, will give it a quick read later. But I do know it has nothing to do with Bitcoin itself.It is madness that things like this and rune can affect the price of bitcoin tx insanely.
[1] https://x.com/mononautical/status/1826604180251050388
- Jay -
August 22, 2024, 08:16:47 AM
This is the definition of absurdness:
August 22, 2024, 08:16:15 AM
You jinxed it, now we are over 1,000 sats/vbyte and it is a ridiculous jump, was under 4 sats just a few hours ago.
Madness! Spam transactions like this one bump the fee every 3 minutes, from 330 to 529 to 837 to 1058 sat/vbyte.Quote
I read it is due to some staking going on in Babylonlabs, can anyone confirm this and how long it is expected to last for?
I don't even know what this means But I do know it has nothing to do with Bitcoin itself.What's up with Mempool Googles?
The question mark used to have data blocks too. Now it's "empty".
August 22, 2024, 08:07:12 AM
...I just hope it stays in the range of 3-5 sats/vbyte.
You jinxed it, now we are over 1,000 sats/vbyte and it is a ridiculous jump, was under 4 sats just a few hours ago.I read it is due to some staking going on in Babylonlabs, can anyone confirm this and how long it is expected to last for?
- Jay -
August 18, 2024, 06:53:57 PM
This! While the ETH TX fees which have been considered in the worst in the past few years have really dropped in the recent times. It's absolutely annoying. I just hope it stays in the range of 3-5 sats/vbyte. Still hard to maintain given there are some 264,409 unconfirmed transactions waiting in the mempool.
August 18, 2024, 06:24:40 AM
It looks like the Ordinal spammer's vacation is over:
August 06, 2024, 02:23:37 AM
I have been doing 4.09 sats they clear quick and easy.
You could get away with less, currently fees dip under 3.00 sats all the time. August 05, 2024, 04:50:19 PM
Bump
nice bump
I have been doing 4.09 sats they clear quick and easy.
I just add that little 0.09 top off
July 24, 2024, 09:59:36 AM
is there a similar site like https://jochen-hoenicke.de/?
You can switch to another option https://mempool.jhoenicke.de/#BTC,24h,weight, it works there.By the way, the electrum-server electrum.jochen-hoenicke.de:50006 is 370 blocks behind too.
I hope nothing happened to the owner and soon everything will be back to normal.
Just used it to consolidate a wallet thanks.
I like jochens site.
https://mempool.jhoenicke.de/#BTC,24h,count
I like the link above. and I look to see if the tx is at 1000 or less.
July 24, 2024, 02:31:45 AM
July 24, 2024, 02:16:21 AM
is there a similar site like https://jochen-hoenicke.de/?
You can switch to another option https://mempool.jhoenicke.de/#BTC,24h,weight, it works there.By the way, the electrum-server electrum.jochen-hoenicke.de:50006 is 370 blocks behind too.
I hope nothing happened to the owner and soon everything will be back to normal.
July 24, 2024, 01:53:41 AM
Does anyone know what is going on with Jochen Hoenicke's site and his mempool? It no longer shows any data for the periods 2h to 2d. It starts displaying data on the 4d chart and older. It seems it stopped getting updates in the morning of 22 July. Hopefully, he will resume his work. In the meantime, is there a similar site like https://jochen-hoenicke.de/? I am not talking about Mempool.space and their lookalikes.
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