Pages:
Author

Topic: Mempool Observer Topic - page 32. (Read 12426 times)

legendary
Activity: 4270
Merit: 4534
February 09, 2024, 04:22:16 AM
Ok.

Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT.  Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly

there is no centralised mempool that mining pools use
each fullnode sets its own default mempool limit. some purge more the 300mb some less, some more

mempool.space's node has a lower storage amount
this does not mean that your transaction is forgot by the entire network. just not seen by one websites node

dont be upset that one website doesnt see your transaction.. mempool.space is not a network feature mining pools grab transactions from.. its jsut a website of a name of something but does not signify by namesake that its what the network uses as anything central to te network

for instance blockchain.com is not the central storage of the network blockchain. its just a website with a name. the name does not mean its the central repository of everyones blockdata people grab data from.. its just once instance showing its own nodes display..

by seeing that mining pools do randomly select (lottery) cheaper transactions proves that mining pools do see cheaper transactions IN THEIR mempools of THEIR nodes. but you are just part of the lottery of the ~120 of 17k tx basket of your fee range yet to be selected at random..
jr. member
Activity: 269
Merit: 4
February 09, 2024, 04:04:15 AM
Note the minimum fee here is 9sat/byte

that does not mean that blocks are grabbing all transactions 9sat up
it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy
you just have to be patient

yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed


using
https://jochen-hoenicke.de/queue/#BTC,2h,count

there is about 17,000 transactions waiting paying 14-17sat/b
so you are in a waiting list with 17k other transactions of about your fee rate

looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range)
https://www.blockchain.com/explorer/blocks/btc/829631


out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b
meaning only ~9% of a block selector chooses the lottery of your range. but your range has 17k other competitors

so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%)



Ok.

Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT.  Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly
legendary
Activity: 4270
Merit: 4534
February 09, 2024, 03:10:06 AM
Note the minimum fee here is 9sat/byte

that does not mean that blocks are grabbing all transactions 9sat up
it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy
you just have to be patient

yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed


using
https://jochen-hoenicke.de/queue/#BTC,2h,count

there is about 17,000 transactions waiting paying 14-17sat/b
so you are in a waiting list with 17k other transactions of about your fee rate(51k minus 34k)

looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range)
https://www.blockchain.com/explorer/blocks/btc/829631


out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b
meaning only ~11% of a block selector chooses the lottery of your range. but your range has 17k other competitors

so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%)
jr. member
Activity: 269
Merit: 4
February 09, 2024, 03:02:22 AM
     
  • fastestFee: 22 sat/vB
  • halfHourFee: 22 sat/vB
  • hourFee: 22 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB


Note the minimum fee here is 9sat/byte
legendary
Activity: 4270
Merit: 4534
February 09, 2024, 02:59:52 AM
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending


Ok. I can agree with you on this. However, during that period, the fees were high but now, the fees are relatively moderate and with the same amount today as fees, the transaction should be confirmed.  In my own opinion, the transaction should be detected by mempool at least. This is unfair. I have sent fees of 10 sat/byte and mempool.space detected it.

your tx wont confirm fast because currently (2 hour ago)
fastestFee: 27 sat/vB
halfHourFee: 25 sat/vB
hourFee: 23 sat/vB
economyFee: 20 sat/vB

fees of 23sat/b took hour+
so you have to wait and hope your transaction out of the many that also pay 16sat/b get picked up

also mempools detecting it does not mean MINING pools pick it up. especially if there are megabytes of other transactions 17sat/b+ waiting ahead of you.. even though SOME mining pools selectively choose a couple transactions outside of "highest first" policy. to appear helpful. would make those couple transactions of lesser fee just pot luck getting ahead of the queue.. not a policy that guarantees you getting added any time soon

put it this way.. right now
https://jochen-hoenicke.de/queue/#BTC,2h,weight
there are about 50mb of transactions ahead of yours
~4mb a block means 12 blocks of transactions paying 17sat/b before getting to yours
and if everyone even in last couple hours pays more then 17sat/b it then treats the 17sat/b+ more priority even if your transaction is 10 hours old, but their 17sat/b is 2 minutes old, they come first(in usualy highest fee first) policy
jr. member
Activity: 269
Merit: 4
February 09, 2024, 02:50:37 AM
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending


Ok. I can agree with you on this. However, during that period, the fees were high but now, the fees are relatively moderate and with the same amount today as fees, the transaction should be confirmed.  In my own opinion, the transaction should be detected by mempool at least. This is unfair. I have sent fees of 10 sat/byte and mempool.space detected it.
legendary
Activity: 4270
Merit: 4534
February 09, 2024, 01:39:48 AM
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.

your transaction pays 16sat/b
however mempool.space has a "no priority" minimum of 20sat/b meaning their mempool purged your transaction but blockchain.com did not purge it and still sees it as pending
jr. member
Activity: 269
Merit: 4
February 09, 2024, 01:11:48 AM
I am surprised to see mempool.space here in bitcointalk . Anyway, welcome!

My question is : can you synchronise mempool.space to the blockchain.com Explorer?  I actually sent Bitcoin from my blockchain wallet and mempool.space was unable to detect the transaction. This is weird. The transaction ID is 42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9

. The link on blockchain Explorer is
blockchain.com/explorer/transactions/btc/42105820754888a816820be27bd8670b5789e82ffd9f88cb68446c1afe414fa9
. When I search for it on mempool.space, it shows transaction not found.
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 09, 2024, 01:00:00 AM
     
  • fastestFee: 27 sat/vB
  • halfHourFee: 25 sat/vB
  • hourFee: 23 sat/vB
  • economyFee: 20 sat/vB
  • minimumFee: 10 sat/vB
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 08, 2024, 07:00:01 PM
     
  • fastestFee: 22 sat/vB
  • halfHourFee: 22 sat/vB
  • hourFee: 22 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
February 08, 2024, 04:49:51 PM
     
  • fastestFee: 21 sat/vB
  • halfHourFee: 21 sat/vB
  • hourFee: 21 sat/vB
  • economyFee: 21 sat/vB
  • minimumFee: 11 sat/vB


Time to consolidate if needed guys, fees are almost "normal" now!  Cool
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 08, 2024, 01:00:01 PM
     
  • fastestFee: 21 sat/vB
  • halfHourFee: 21 sat/vB
  • hourFee: 21 sat/vB
  • economyFee: 21 sat/vB
  • minimumFee: 11 sat/vB
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 08, 2024, 12:28:49 PM
Oh dear.
I think we have left FeeBuddy unattended for too long, and now it's made a mess.

Probably because he loses attention when fees go down?
Like chartbuddy he needs outrageous price swings to have people paying attention or he will go on rampage.

And I just love the new mempool features (and icons):


Shows a ton of consolidation happening lately, maybe 20sat/vb is for some a sweet spot and they are afraid things might get worse again. but we're just 120vMb from hitting 10sat/vb and if the hashrate keeps the  pace we're going to have extra 90 blocks till next Thursday, combined with an weekend, maybe , maybe!!!
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
February 08, 2024, 10:04:04 AM
just as mysteriously as it stopped working, it came back lol. Feebuddy is back

He came back, but angry. The graph line now goes off scale! Roll Eyes

Or has it always been like this, and I'm just now noticing?  Undecided

You are right, it is off scale. I need to push the line a few more pixels.
I didn't noticed it. Thanks.
legendary
Activity: 1694
Merit: 4687
**In BTC since 2013**
February 08, 2024, 09:34:55 AM
just as mysteriously as it stopped working, it came back lol. Feebuddy is back

He came back, but angry. The graph line now goes off scale! Roll Eyes

Or has it always been like this, and I'm just now noticing?  Undecided
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
February 08, 2024, 07:47:59 AM
Oh dear.

I think we have left FeeBuddy unattended for too long, and now it's made a mess.

Something is wrong with feeBuddy.

I noticed he was down for more than 24h. He was unable to login into the server, I don't know why but the auth tokens were not working.

just as mysteriously as it stopped working, it came back lol. Feebuddy is back
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
February 08, 2024, 07:18:21 AM
Oh dear.

I think we have left FeeBuddy unattended for too long, and now it's made a mess.

But it DID make sense, https://bitcointalksearch.org/topic/m.63607204

Canchain,and MoBox. Roll Eyes

Two more "projects" building on top of Bitcoin that are using their capital, both human and financial capital, very inefficiently by wasting their time and resources in developing those projects that will be hard to boot-strap with users because the network will be too expensive to use.

SatoshiDice and there was an on-chain sports betting service that closed because running everything on-chain, although very ideal, was becoming impractical and too expensive.

Nowadays, the price of bitcoin makes such ventures too expensive for any practical use.
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 08, 2024, 07:00:00 AM
     
  • fastestFee: 26 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 23 sat/vB
  • economyFee: 22 sat/vB
  • minimumFee: 11 sat/vB
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 08, 2024, 01:00:01 AM
     
  • fastestFee: 26 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 23 sat/vB
  • economyFee: 22 sat/vB
  • minimumFee: 11 sat/vB
copper member
Activity: 168
Merit: 16
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 07, 2024, 07:00:00 PM
     
  • fastestFee: 21 sat/vB
  • halfHourFee: 21 sat/vB
  • hourFee: 21 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB
Pages:
Jump to: