Mempool Observer Topic - page 28. | Bitcointalksearch.org

NotATether

legendary

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bitcoincleanup.com / bitmixlist.org

Quote from: bitmover on February 15, 2024, 08:38:17 AM

Just as I said earlier, I still think we will see 1 sat vB soon.

All this crazy about fees was caused by ordinals/inscriptions/jpegs or whatever.

Wheen this stops and the mempool contains only bitcoin normal Transactions , fees will drop even more.

Does anyone know if there's a site that displays ordinals statistics in real time similar to mempool.space?

Sure, I could use the mempool googles and look for any blocks that have "Data" tagged on them, but that 1) lumps all the OP_RETURN and other data transactions along with it and 2) is not very convenient to see how the volume is changing over the past few days and weeks.

Because right now, it is very hard for me to look at the mempool and make a prediction if we are going to lower in fees or this is it.

bitmover

legendary

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bitcoindata.science

Quote from: stompix on February 15, 2024, 05:46:48 AM

11sat/b did happen multiple times but under 10 will be really tough, it will trigger a lot of consolidations, not that they aren't happening even now but the other bad news is that the adjustment is in a few hours, we had 7.3% in the previous epoch an not probably 7.8-7.9% up, pretty hard to have another 7% to keep the same number of extra blocks mined, we're 143 blocks ahead so basically we had an extra day of transactions capacity.

Just as I said earlier, I still think we will see 1 sat vB soon.

All this crazy about fees was caused by ordinals/inscriptions/jpegs or whatever.

Wheen this stops and the mempool contains only bitcoin normal Transactions , fees will drop even more.

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 13 sat/vB
halfHourFee: 13 sat/vB
hourFee: 13 sat/vB
economyFee: 6 sat/vB
minimumFee: 3 sat/vB

stompix

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Blackjack.fun

Quote from: bitmover on February 14, 2024, 10:18:56 PM

FeeBuddy just posted a few days ago 11 sat vB.
Ofc you can get something like 11 or 12 Sar vB anytime now. Maybe even 9.
Fees are low now. It is already a good time to make transactions.

11sat/b did happen multiple times but under 10 will be really tough, it will trigger a lot of consolidations, not that they aren't happening even now but the other bad news is that the adjustment is in a few hours, we had 7.3% in the previous epoch an not probably 7.8-7.9% up, pretty hard to have another 7% to keep the same number of extra blocks mined, we're 143 blocks ahead so basically we had an extra day of transactions capacity.

That being said I've consolidated 10 larger inputs at 12sat/vb, just to have them in my spending wallet ready if we go into another orc/src/brc/trc/mmorpg whatever madness. Anyhow, this is just beautiful:

Quote from: Shishir99 on February 15, 2024, 02:27:37 AM

I have seen here or somewhere else that someone has to consolidate their six- to seven-year-old TX's.

I know a guy Roll Eyes

Shishir99

sr. member

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Quote from: bitmover on February 14, 2024, 10:18:56 PM

FeeBuddy just posted a few days ago 11 sat vB.
Ofc you can get something like 11 or 12 Sar vB anytime now. Maybe even 9.

Fees are low now. It is already a good time to make transactions.

I didn't make any transactions in the last couple of days. But the mempool seems kind of reasonable right now. It's a good time to consolidate the transactions. I don't remember who said that but I have seen here or somewhere else that someone has to consolidate their six- to seven-year-old TX's. I hope they won't miss this opportunity. To be honest, I haven't checked the fees in the last two weeks.

We never know if another BRC-20 project is cooking. When these new projects are released, their transaction volumes and the number of inscriptions increase and they congest the mempool. I hope no more new projects in the coming weeks.

FeeBuddy

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Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 15 sat/vB
halfHourFee: 15 sat/vB
hourFee: 14 sat/vB
economyFee: 10 sat/vB
minimumFee: 5 sat/vB

bitmover

legendary

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bitcoindata.science

Quote from: dansus021 on February 14, 2024, 09:45:19 PM

Quote from: seolein on February 12, 2024, 04:35:17 AM

based on your experience guys, do you think it is likely that we go even below 10sats/vb anytime soon (before the halving)?
need to do some consolidation

I don't believe so but if you want to transfer or do consolidation you better do it now while the fee is low because in experience when the bitcoin halving or the bull run begin the fee is increase again because so many people move their money from their cold wallet into exchange hot wallet/

FeeBuddy just posted a few days ago 11 sat vB.
Ofc you can get something like 11 or 12 Sar vB anytime now. Maybe even 9.

Fees are low now. It is already a good time to make transactions.

dansus021

copper member

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Part of AOBT - English Translator to Indonesia

Damn the fee is low but my salary goes directly to exchange it simply because back then the fee is crazy and it seems the party over the brc20 is done

Quote from: seolein on February 12, 2024, 04:35:17 AM

based on your experience guys, do you think it is likely that we go even below 10sats/vb anytime soon (before the halving)?
need to do some consolidation

I don't believe so but if you want to transfer or do consolidation you better do it now while the fee is low because in experience when the bitcoin halving or the bull run begin the fee is increase again because so many people move their money from their cold wallet into exchange hot wallet/

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 30 sat/vB
halfHourFee: 28 sat/vB
hourFee: 25 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 48 sat/vB
halfHourFee: 46 sat/vB
hourFee: 43 sat/vB
economyFee: 16 sat/vB
minimumFee: 8 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 24 sat/vB
halfHourFee: 24 sat/vB
hourFee: 23 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 36 sat/vB
halfHourFee: 33 sat/vB
hourFee: 30 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 18 sat/vB
halfHourFee: 15 sat/vB
hourFee: 13 sat/vB
economyFee: 8 sat/vB
minimumFee: 4 sat/vB

OgNasty

donator

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Leading Crypto Sports Betting & Casino Platform

Nice to see the mempool continue to come down. It seems like whoever was clogging the chain has decided to give it up, or maybe Ordinals are finally losing a bit of interest as the Bitcoin price rises and Ordinals holders realize they're sitting on the sidelines watching their BTC get ever further out of their reach to reattain them. I'd like to see another 40mb or so find it's way to the blockchain so that I can consolidate some inputs without having to drop too much on transaction fees and will be continuing to keep an eye on this.

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 13 sat/vB
halfHourFee: 13 sat/vB
hourFee: 13 sat/vB
economyFee: 8 sat/vB
minimumFee: 4 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 20 sat/vB
halfHourFee: 17 sat/vB
hourFee: 14 sat/vB
economyFee: 4 sat/vB
minimumFee: 2 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 12 sat/vB
halfHourFee: 12 sat/vB
hourFee: 12 sat/vB
economyFee: 6 sat/vB
minimumFee: 3 sat/vB

FeeBuddy

copper member

Activity: 168

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 16 sat/vB
halfHourFee: 16 sat/vB
hourFee: 16 sat/vB
economyFee: 8 sat/vB
minimumFee: 4 sat/vB

franky1

legendary

Activity: 4270

Merit: 4534

anyone else think that the next node release should measure fees in bumps of 1sat per 10byte(100sat/kb)
instead of 5sat per byte(5000sat/kb) bump default, especially when entering the year of the next halving cycle/ATH year

where by if a 226byte tx was
266sat(1sat/byte) then 1356sat (6sat/byte) then 2486sat(11sat/byte) defaults
but instead were starting from
23sat(1sat/10byte) 46sat(2sat/10byte) 68sat(3sat/10byte)

cryptosize

sr. member

Activity: 1666

Merit: 310

Quote from: FeeBuddy on February 12, 2024, 01:00:01 PM

fastestFee: 53 sat/vB
halfHourFee: 48 sat/vB
hourFee: 42 sat/vB
economyFee: 10 sat/vB
minimumFee: 5 sat/vB

Here we go again... Roll Eyes

Topic: Mempool Observer Topic - page 28. (Read 12325 times)