The average block time is ~9.8 minutes, which means that we may need a longer time to return to normal fees.
Perhaps I misunderstood your comment but I wouldn't say that the average block time directly impacts the fees that are being broadcasted. Perhaps you were saying that there should be more discussing in increasing the mining time? I don't see how that would impact the fees in any meaningful way.
Topic: Bitcoin transaction fee $917 (Read 170 times)
i know this is good to miners reward
but not to users
i want to know what cause this skyrocket in fee after halving 840000
-
but not to users
i want to know what cause this skyrocket in fee after halving 840000
-
Like the price, sometimes you have to anticipate this type of situation, Fee, it was known that there would be an increase, it was 100% feasible, what we had no idea was how much the sat/vB fee increase.
It is halving 840000, Spam began as many people tried to have their transactions included in block number 840000, and since the size of the block was limited, there was competition over fees reaching more than 5k sat/vB.
The average block time is ~9.8 minutes, which means that we may need a longer time to return to normal fees.
These fu*ker had nothing good to do. Without hitting the block to the dead end they could start buying BTC. A $100 from each could make huge pressure in buy orders and price could hit $100K easily 😂 The average block time is ~9.8 minutes, which means that we may need a longer time to return to normal fees.
Mempool congestion is super high now. I have never seen such congestion before. Even with a 600+ vMB is not enough to get the next block LOL
Cause?
My wild guess is Bitcoin Ordinals.
Yes. Cause?
My wild guess is Bitcoin Ordinals.
But the mempool is slightly lower than 600 sat/vbyte for now
The average block time is ~9.8 minutes, which means that we may need a longer time to return to normal fees.
Perhaps I misunderstood your comment but I wouldn't say that the average block time directly impacts the fees that are being broadcasted. Perhaps you were saying that there should be more discussing in increasing the mining time? I don't see how that would impact the fees in any meaningful way.[1]https://rodarmor.com/blog/runes/
i know this is good to miners reward
but not to users
i want to know what cause this skyrocket in fee after halving 840000
It is halving 840000, Spam began as many people tried to have their transactions included in block number 840000, and since the size of the block was limited, there was competition over fees reaching more than 5k sat/vB.but not to users
i want to know what cause this skyrocket in fee after halving 840000
The average block time is ~9.8 minutes, which means that we may need a longer time to return to normal fees.
i want to know what cause this skyrocket in fee after halving 840000
Read through this thread:Everyone is celebrating about the fourth halving but what is this?
Mempool congestion is super high now. I have never seen such congestion before. Even with a 600+ vMB is not enough to get the next block LOL
Cause?
My wild guess is Bitcoin Ordinals.
Yes. Cause?
My wild guess is Bitcoin Ordinals.
But the mempool is slightly lower than 600 sat/vbyte for now
i know this is good to miners reward
but not to users
i want to know what cause this skyrocket in fee after halving 840000
https://www.blockchain.com/explorer/transactions/btc/6329d474890da8c2b93d2244bbe51bf6a4e504cc3c34539bb56e91011a578585
Mempool congestion is super high now. I have never seen such congestion before. Even with a 600+ vMB is not enough to get the next block LOLbut not to users
i want to know what cause this skyrocket in fee after halving 840000
https://www.blockchain.com/explorer/transactions/btc/6329d474890da8c2b93d2244bbe51bf6a4e504cc3c34539bb56e91011a578585
Cause?
My wild guess is Bitcoin Ordinals.
/*edited*/
i know this is good to miners reward
but not to users
i want to know what cause this skyrocket in fee after halving 840000
https://i.postimg.cc/hGvTZyw8/image.png
https://www.blockchain.com/explorer/transactions/btc/6329d474890da8c2b93d2244bbe51bf6a4e504cc3c34539bb56e91011a578585
but not to users
i want to know what cause this skyrocket in fee after halving 840000
https://i.postimg.cc/hGvTZyw8/image.png
https://www.blockchain.com/explorer/transactions/btc/6329d474890da8c2b93d2244bbe51bf6a4e504cc3c34539bb56e91011a578585
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