- fastestFee: 4 sat/vB
- halfHourFee: 4 sat/vB
- hourFee: 4 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
Topic: Mempool Observer Topic - page 31. (Read 22910 times)
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 6 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 4 sat/vB
- halfHourFee: 4 sat/vB
- hourFee: 4 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
Fees are low also because miners are churning block at very high rate:
NEW: Bitcoin’s 7-Day SMA Hashrate Peaks at 677 EH/s, Sets Record
Bitcoin’s mining power has surged to unprecedented levels, setting a new record with a seven-day simple moving average (SMA) hashrate of 677 exahash per second (EH/s) on July 25, 2024. This significant increase, up from 659 EH/s recorded on May 25, reflects a growing confidence in the network’s stability and the profitability of mining activities.
I guess the fees will rise after the difficulty adjustment.
NEW: Bitcoin’s 7-Day SMA Hashrate Peaks at 677 EH/s, Sets Record
Quote
Bitcoin’s mining power has surged to unprecedented levels, setting a new record with a seven-day simple moving average (SMA) hashrate of 677 exahash per second (EH/s) on July 25, 2024. This significant increase, up from 659 EH/s recorded on May 25, reflects a growing confidence in the network’s stability and the profitability of mining activities.
I guess the fees will rise after the difficulty adjustment.
@bitmover, the smiley that FeeBuddy leaves, does it change depending on the amount of fee it prints?
Yeah, it depends on feerate.
happy smiles for very low fees, and crazy/sad smiles for very high ones!
Although it has been quiet for days or even weeks, there are still transactions like this with 250 sat/vB
@bitmover, the smiley that FeeBuddy leaves, does it change depending on the amount of fee it prints?
@bitmover, the smiley that FeeBuddy leaves, does it change depending on the amount of fee it prints?
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 4 sat/vB
- halfHourFee: 4 sat/vB
- hourFee: 4 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 4 sat/vB
- halfHourFee: 4 sat/vB
- hourFee: 4 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
- fastestFee: 5 sat/vB
- halfHourFee: 5 sat/vB
- hourFee: 5 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
- fastestFee: 4 sat/vB
- halfHourFee: 4 sat/vB
- hourFee: 4 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
Ordinals/Rune/Onchain Spam was successful in making us accostumet do a worst unchain experience.
Look on the bright side. Sooner or later, you'd have to come up with reality: On-chain is not designed to be inexpensive indefinitely. On the contrary, it is designed to be expensive. You should take this experience as a warning for what's coming in a few years and plan accordingly. The current mempool situation is way below my expectations. I felt that the transaction fee will go high but on the contrary it went below 12 sat/vB. The current transaction fee is hovering around 4 sat/vB which is where it should be. For some, when converted in USD might seem high but it is still better to where it was earlier. I pray that it remains the same and it doesn't go beyond those satoshis.
As I said, before ordinals we were used to 2 sats/vB transactions.
Now we are happy to transact at double that price.
Ordinals/Rune/Onchain Spam was successful in making us accostumet do a worst unchain experience.
- fastestFee: 8 sat/vB
- halfHourFee: 7 sat/vB
- hourFee: 6 sat/vB
- economyFee: 4 sat/vB
- minimumFee: 2 sat/vB
The current mempool situation is way below my expectations. I felt that the transaction fee will go high but on the contrary it went below 12 sat/vB. The current transaction fee is hovering around 4 sat/vB which is where it should be. For some, when converted in USD might seem high but it is still better to where it was earlier. I pray that it remains the same and it doesn't go beyond those satoshis.
- fastestFee: 7 sat/vB
- halfHourFee: 7 sat/vB
- hourFee: 6 sat/vB
- economyFee: 2 sat/vB
- minimumFee: 1 sat/vB
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