Mempool Observer Topic - page 54. | Bitcointalksearch.org

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: dansus021 on February 14, 2024, 08:45:19 PM

Quote from: seolein on February 12, 2024, 03:35:17 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

Activity: 2156

Merit: 983

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, 03:35:17 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: 322

Merit: 21

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: 322

Merit: 21

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: 322

Merit: 21

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: 322

Merit: 21

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: 322

Merit: 21

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

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

OgNasty

donator

Activity: 4760

Merit: 4323

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: 322

Merit: 21

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: 322

Merit: 21

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: 322

Merit: 21

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: 322

Merit: 21

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

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

franky1

legendary

Activity: 4410

Merit: 4766

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, 12:00:01 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

FeeBuddy

copper member

Activity: 322

Merit: 21

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

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

moonie

jr. member

Activity: 34

Merit: 13

Today:

Fastest: 121sat/vByte; $8.43
Medium: 111sat/vByte; $7.81
Low: 101sat/vByte; $7.04
Non-priority: 12sat/vByte; $0.84
Mempool Purging: <5sat/vByte

source: mempool.space

desarpenteur

newbie

Activity: 26

Merit: 5

Quote

Wouldn't (almost) everybody use very low fee because of that? and thus, wouldn't it lead to make a heavy mempool?

Heavy mempool is already here, and not with regular transactions but with shitcoins spamming. People who want to buy cars, coffee or gift cards are not going to wait 6 months for a transaction. I'm not optimistic about the disappearance of the BRC20, I think that this scam will remain, that nothing will be done to prevent them from causing harm by permanently obstructing the blockchain. With a system where the priority of a transaction would also be based on its creation date, the 1 sat/vB would at least have a chance of being integrated into a block, even if it takes 6 months or more. Right now, we're on the way to ensuring that tx's below 5 sats/vB recorded at the end of 2023 will never be included in a block. RBF and CPFP are not the ideal solution for everyone.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: desarpenteur on February 12, 2024, 06:41:04 AM

Has there ever been a BIP to give a sort of priority value to transactions as a function of the passage of time : the more time passes, the more this value increases, which would, for example, make a tx at 1 sats/vB that has been waiting for 6 months a priority compared with a tx at 20 sats/vB that has been waiting for a few minutes.

to even become a formal BIP in cores github. idea's need to go through layers of moderated technical discussion platforms, moderated by the very same core devs that create cores roadmap. thus majority of proposals dont even get a foot in the door of even becoming a formal BIP let alone then becoming code core devs would then allow to be merged.

paid2

hero member

Activity: 504

Merit: 1065

Crypto Swap Exchange

Quote from: desarpenteur on February 12, 2024, 06:41:04 AM

Has there ever been a BIP to give a sort of priority value to transactions as a function of the passage of time : the more time passes, the more this value increases, which would, for example, make a tx at 1 sats/vB that has been waiting for 6 months a priority compared with a tx at 20 sats/vB that has been waiting for a few minutes.

Wouldn't (almost) everybody use very low fee because of that? and thus, wouldn't it lead to make a heavy mempool?

desarpenteur

newbie

Activity: 26

Merit: 5

Has there ever been a BIP to give a sort of priority value to transactions as a function of the passage of time : the more time passes, the more this value increases, which would, for example, make a tx at 1 sats/vB that has been waiting for 6 months a priority compared with a tx at 20 sats/vB that has been waiting for a few minutes.

Topic: Mempool Observer Topic - page 54. (Read 20372 times)