- fastestFee: 32 sat/vB
- halfHourFee: 28 sat/vB
- hourFee: 26 sat/vB
- economyFee: 12 sat/vB
- minimumFee: 6 sat/vB
Topic: Mempool Observer Topic - page 54. (Read 23892 times)
- fastestFee: 72 sat/vB
- halfHourFee: 59 sat/vB
- hourFee: 45 sat/vB
- economyFee: 16 sat/vB
- minimumFee: 8 sat/vB
- fastestFee: 29 sat/vB
- halfHourFee: 27 sat/vB
- hourFee: 26 sat/vB
- economyFee: 12 sat/vB
- minimumFee: 6 sat/vB
- fastestFee: 33 sat/vB
- halfHourFee: 30 sat/vB
- hourFee: 27 sat/vB
- economyFee: 10 sat/vB
- minimumFee: 5 sat/vB
- fastestFee: 27 sat/vB
- halfHourFee: 26 sat/vB
- hourFee: 25 sat/vB
- economyFee: 14 sat/vB
- minimumFee: 7 sat/vB
- fastestFee: 31 sat/vB
- halfHourFee: 30 sat/vB
- hourFee: 28 sat/vB
- economyFee: 20 sat/vB
- minimumFee: 10 sat/vB
- fastestFee: 48 sat/vB
- halfHourFee: 44 sat/vB
- hourFee: 40 sat/vB
- economyFee: 20 sat/vB
- minimumFee: 10 sat/vB
- fastestFee: 42 sat/vB
- halfHourFee: 39 sat/vB
- hourFee: 35 sat/vB
- economyFee: 14 sat/vB
- minimumFee: 7 sat/vB
- fastestFee: 37 sat/vB
- halfHourFee: 35 sat/vB
- hourFee: 32 sat/vB
- economyFee: 12 sat/vB
- minimumFee: 6 sat/vB
- fastestFee: 54 sat/vB
- halfHourFee: 52 sat/vB
- hourFee: 48 sat/vB
- economyFee: 12 sat/vB
- minimumFee: 6 sat/vB
- fastestFee: 50 sat/vB
- halfHourFee: 45 sat/vB
- hourFee: 42 sat/vB
- economyFee: 16 sat/vB
- minimumFee: 8 sat/vB
Feebuddy is back
I hope I don't get attacked again lol
I hope I don't get attacked again lol
Reward Per Block 3.13+6.94 BTC ($642,310.23) next halving @ block 1050000 (in 209927 blocks ~ 1427 days)
Reward (last 24h) 684.38+1014 BTC ($108,328,460.18)
Reward (last 24h) 684.38+1014 BTC ($108,328,460.18)
Fees have gone down a lot:
Quote
Reward Per Block 3.125+0.8181 BTC ($251,581.15) next halving @ block 1050000 (in 209169 blocks ~ 1420 days)
Reward (last 24h) 456.25+119.44 BTC ($36,730,847.62)
Reward (last 24h) 456.25+119.44 BTC ($36,730,847.62)
Right now they are no longer compensating for the block reward halving, not even close.
Block time is all over the place but on average the fees are below 1 BTC , if it weren't for those huge breaks between blocks that drive up fees (last block had a 40-minute delay) we would probably have constantly touched 30sat/vb there are just 10vMB of fees above 30. But still not low enough!
- fastestFee: 101 sat/vB
- halfHourFee: 84 sat/vB
- hourFee: 70 sat/vB
- economyFee: 20 sat/vB
- minimumFee: 10 sat/vB
Still 150 sats is way too high to be doing normal transactions comfortably (i.e. you are not a hedge fund or exchange doing transactions of 0.1BTC). I regret not doing an atomic swap for Lightning Network sats while I had the chance.
A few days back they were hovering around 45 sats to 60 sats which seems way high as in USD they were coming around $4 to $5 approximately. At the moment 215,077 TXs are unconfirmed which is not a good sign. Bitcoin network cannot handle such congestion and the worst part is that it started just after the halving. A small amount of transaction cannot be made even if the fee goes down to 150 sats as in USD it will be valued around $19 to $ 20 approximately. It is not a good sign and I think as in the past when the transaction fee went down it will again which will take time.
"tHeY hAvE A rIgHt tO uSe bItCoIn tO sEnD vALiD TrAnSaCtIoNs jUst aS mUcH aS yOu AnD I dO"
Here are some suggestions for people who think that Ordinals and Runes are perfectly legitimate on the BTC blockchain :
- Remove the "No junk mail" sticker from your letterbox.
- Automatically redirect the content of the spam folder in your incoming mail folder.
- Stop using the phone filtering options offered by your internet box.
Why ? Well, all those leaflets in your letterbox, all those emails in your mailbox and all those phone calls to sell you frozen foods and sofas are completely justified : they're not doing anything wrong, they're just using communications channels to send valid messages, just as you and I do. tHeY hAvE A rIgHt tO uSe ThOsE cHaNnElS tO sEnD vALiD mEsSaGeS jUst aS mUcH aS yOu AnD I dO.
And for the other people, i suggest you read this article : Bitcoin Filters Work By Default, and That's a Good Thing! (https://stacker.news/items/397842)
Here are some suggestions for people who think that Ordinals and Runes are perfectly legitimate on the BTC blockchain :
- Remove the "No junk mail" sticker from your letterbox.
- Automatically redirect the content of the spam folder in your incoming mail folder.
- Stop using the phone filtering options offered by your internet box.
Why ? Well, all those leaflets in your letterbox, all those emails in your mailbox and all those phone calls to sell you frozen foods and sofas are completely justified : they're not doing anything wrong, they're just using communications channels to send valid messages, just as you and I do. tHeY hAvE A rIgHt tO uSe ThOsE cHaNnElS tO sEnD vALiD mEsSaGeS jUst aS mUcH aS yOu AnD I dO.
And for the other people, i suggest you read this article : Bitcoin Filters Work By Default, and That's a Good Thing! (https://stacker.news/items/397842)
Fees have come down to levels that are no longer so crazy, although 150/180 sats/vByte is too high. I wonder if the 1,000 sats/vByte craze can happen again or was it just because people wanted to put those spam images in halving blocks. I thought that this of the ordinals was a fad that would pass but they have just released a new protocol with these effects.
Still 150 sats is way too high to be doing normal transactions comfortably (i.e. you are not a hedge fund or exchange doing transactions of 0.1BTC). I regret not doing an atomic swap for Lightning Network sats while I had the chance.
Fees have come down to levels that are no longer so crazy, although 150/180 sats/vByte is too high. I wonder if the 1,000 sats/vByte craze can happen again or was it just because people wanted to put those spam images in halving blocks. I thought that this of the ordinals was a fad that would pass but they have just released a new protocol with these effects.
Of course, it can also be because somebody was too keen to do it, didn't know too well what's doing and now he/she may be crying for stupidly spending so much money.
PS. I don't care if it's a whale or not, it's still wasted money for a piece of useless movie clip nobody will care about in a year (or even a week).
PS. I don't care if it's a whale or not, it's still wasted money for a piece of useless movie clip nobody will care about in a year (or even a week).
Since the fee was so high but the transaction size was only 223.75 vB. I think the guy was trying to fill the whole block with that ordinal data but might have messed up and used a link of the ordinal instead of the image itself.
I think he might have been trying to do what happened on block 839855
You don't get art bro /s 
Of course, it can also be because somebody was too keen to do it, didn't know too well what's doing and now he/she may be crying for stupidly spending so much money.
PS. I don't care if it's a whale or not, it's still wasted money for a piece of useless movie clip nobody will care about in a year (or even a week).
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