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Topic: Mempool Observer Topic - page 12. (Read 10750 times)

legendary
Activity: 2828
Merit: 6108
Blackjack.fun
March 22, 2024, 07:54:22 AM
Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

Oh, so the the one I mentioend before that took a whole block:


was a rune and not an ordinal...?
And despite being called runes, they...are , what?

https://twitter.com/LeonidasNFT/status/1764216092514213988
ord.io/63140674

And, I hope I'm getting this wrong but no way in hell is he planning to inscribe 112k of those things, right?

legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
March 22, 2024, 06:31:55 AM
Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh
Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.
Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

Have anyone see it's technical detail[1]? While ordinals use witness data and UTXO, runes use UTXO and OP_RETURN which create somewhat less bloat. And while ordinals idea looks fresh at it's time, both ordinals and runes looks outdated as Bitcoin sidechain/L2 gaining popularity. So yeah, i hope Runes lose it's popularity quickly.

[1] https://rodarmor.com/blog/runes/
legendary
Activity: 2982
Merit: 7986
March 21, 2024, 10:37:44 PM
Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh
Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
March 21, 2024, 07:02:20 PM
Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh
Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 21, 2024, 06:59:58 PM
     
  • fastestFee: 24 sat/vB
  • halfHourFee: 23 sat/vB
  • hourFee: 22 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 21, 2024, 12:59:57 PM
     
  • fastestFee: 43 sat/vB
  • halfHourFee: 39 sat/vB
  • hourFee: 34 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
March 21, 2024, 08:07:31 AM
Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 21, 2024, 06:59:58 AM
     
  • fastestFee: 27 sat/vB
  • halfHourFee: 25 sat/vB
  • hourFee: 22 sat/vB
  • economyFee: 6 sat/vB
  • minimumFee: 3 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 21, 2024, 12:59:57 AM
     
  • fastestFee: 13 sat/vB
  • halfHourFee: 11 sat/vB
  • hourFee: 10 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 20, 2024, 06:59:58 PM
     
  • fastestFee: 13 sat/vB
  • halfHourFee: 13 sat/vB
  • hourFee: 13 sat/vB
  • economyFee: 10 sat/vB
  • minimumFee: 5 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 20, 2024, 12:59:58 PM
     
  • fastestFee: 35 sat/vB
  • halfHourFee: 33 sat/vB
  • hourFee: 29 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
sr. member
Activity: 1624
Merit: 294
March 20, 2024, 07:11:06 AM
Tons of consolidation going on right now...
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 20, 2024, 06:59:58 AM
     
  • fastestFee: 12 sat/vB
  • halfHourFee: 12 sat/vB
  • hourFee: 12 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 20, 2024, 12:59:58 AM
     
  • fastestFee: 11 sat/vB
  • halfHourFee: 10 sat/vB
  • hourFee: 9 sat/vB
  • economyFee: 6 sat/vB
  • minimumFee: 3 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 19, 2024, 06:59:59 PM
     
  • fastestFee: 13 sat/vB
  • halfHourFee: 13 sat/vB
  • hourFee: 13 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 19, 2024, 12:59:58 PM
     
  • fastestFee: 27 sat/vB
  • halfHourFee: 23 sat/vB
  • hourFee: 19 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
hero member
Activity: 644
Merit: 592
Leading Crypto Sports Betting & Casino Platform
March 19, 2024, 07:48:23 AM
It seems Saturday-Sunday are the best days to use BTC mainnet fee-wise... am I wrong?
I've heard the same story by many people dealing with Bitcoin and I've noticed myself and also took my time to observe it more. My resolve is that it is not particularly true, but most times, it is true. As we know, activities and priorities (Demand and Size) are the major factors that dictate the fees to be paid at a period. These often influence the fees upwards during the working days since a whole lot of companies dealing with clients/customers will be open for service and continue to fulfil their Bitcoin obligations for withdrawals, and many other clients/customers continue to move in funds through BTC while depositing.

Fine, most of these activities would have doused during the weekend due to the official closure of the service of the companies. However, since Bitcoin is an electronic means of payment that doesn't regard the weekend, companies may decide at some weekends to process customer's withdrawals on both Saturdays and Sundays, while customers too may decide to send in a deposit on those days. And at some weekends, this could become much more comparable to that of the weekdays if the activities are much, which could influence an upward fee on that weekend.

If this is again coupled with a high number of Unconfirmed transactions, much reduction may not be seen in the transaction fees on that weekend. That's if we'll see any reasonable reduction at all.
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 19, 2024, 06:59:58 AM
     
  • fastestFee: 20 sat/vB
  • halfHourFee: 19 sat/vB
  • hourFee: 18 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 126
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
March 19, 2024, 12:59:57 AM
     
  • fastestFee: 26 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 22 sat/vB
  • economyFee: 6 sat/vB
  • minimumFee: 3 sat/vB
legendary
Activity: 2982
Merit: 7986
March 18, 2024, 10:02:08 PM
It seems Saturday-Sunday are the best days to use BTC mainnet fee-wise... am I wrong?

Without looking at any backing data that seems to make the most sense. A lot of people trade from work, use BTC from work, and then of course Wall Street is closed to there is no action going on during the weekend from them.

Interesting that even though Casey Rodarmor recently launched his second ordinals-based endeavor (Runes), mempool activity has barely budged. This is great news for normal users of Bitcoin. Ordinals holders must be in a state of shellshock from getting rekt so hard, maybe that explains the lack of interest in Runes thus far.
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