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Topic: Mempool Observer Topic - page 59. (Read 21808 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
February 15, 2024, 07:38:17 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.
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 15, 2024, 06:00:00 AM
     
  • fastestFee: 13 sat/vB
  • halfHourFee: 13 sat/vB
  • hourFee: 13 sat/vB
  • economyFee: 6 sat/vB
  • minimumFee: 3 sat/vB
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 15, 2024, 04:46:48 AM
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:



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




hero member
Activity: 840
Merit: 522
February 15, 2024, 01:27:37 AM
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.
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 15, 2024, 12:00:00 AM
     
  • fastestFee: 15 sat/vB
  • halfHourFee: 15 sat/vB
  • hourFee: 14 sat/vB
  • economyFee: 10 sat/vB
  • minimumFee: 5 sat/vB
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
February 14, 2024, 09:18:56 PM
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 Smiley

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.

copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
February 14, 2024, 08:45:19 PM
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

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 Smiley

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/
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 14, 2024, 06:00:00 PM
     
  • fastestFee: 30 sat/vB
  • halfHourFee: 28 sat/vB
  • hourFee: 25 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 14, 2024, 12:00:00 PM
     
  • fastestFee: 48 sat/vB
  • halfHourFee: 46 sat/vB
  • hourFee: 43 sat/vB
  • economyFee: 16 sat/vB
  • minimumFee: 8 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 14, 2024, 06:00:00 AM
     
  • fastestFee: 24 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 23 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 14, 2024, 12:00:01 AM
     
  • fastestFee: 36 sat/vB
  • halfHourFee: 33 sat/vB
  • hourFee: 30 sat/vB
  • economyFee: 12 sat/vB
  • minimumFee: 6 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 13, 2024, 06:00:00 PM
     
  • fastestFee: 18 sat/vB
  • halfHourFee: 15 sat/vB
  • hourFee: 13 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
February 13, 2024, 12:48:06 PM
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. 
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 13, 2024, 12:00:01 PM
     
  • fastestFee: 13 sat/vB
  • halfHourFee: 13 sat/vB
  • hourFee: 13 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 13, 2024, 06:00:00 AM
     
  • fastestFee: 20 sat/vB
  • halfHourFee: 17 sat/vB
  • hourFee: 14 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 13, 2024, 12:00:00 AM
     
  • fastestFee: 12 sat/vB
  • halfHourFee: 12 sat/vB
  • hourFee: 12 sat/vB
  • economyFee: 6 sat/vB
  • minimumFee: 3 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
February 12, 2024, 06:00:01 PM
     
  • fastestFee: 16 sat/vB
  • halfHourFee: 16 sat/vB
  • hourFee: 16 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB
legendary
Activity: 4424
Merit: 4794
February 12, 2024, 01:07:32 PM
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)
sr. member
Activity: 1666
Merit: 310
February 12, 2024, 12:05:18 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
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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
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