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Topic: Mempool Observer Topic - page 70. (Read 21873 times)

legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
January 28, 2024, 05:19:12 AM
I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.

Maybe during the next bear market (2026-2027)...

I don't think we're going to see 1 sat/vB ever. But that's just me.
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 28, 2024, 12:00:01 AM
     
  • fastestFee: 33 sat/vB
  • halfHourFee: 30 sat/vB
  • hourFee: 28 sat/vB
  • economyFee: 28 sat/vB
  • minimumFee: 24 sat/vB
legendary
Activity: 4424
Merit: 4794
January 27, 2024, 10:25:50 PM
     
  • fastestFee: 24 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 24 sat/vB
  • economyFee: 24 sat/vB
  • minimumFee: 22 sat/vB

min fee still above 20 when fast fee at 24.. seems like something is preventing cheap fees from getting through
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 27, 2024, 06:00:01 PM
     
  • fastestFee: 24 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 24 sat/vB
  • economyFee: 24 sat/vB
  • minimumFee: 22 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 27, 2024, 12:00:01 PM
     
  • fastestFee: 32 sat/vB
  • halfHourFee: 29 sat/vB
  • hourFee: 28 sat/vB
  • economyFee: 28 sat/vB
  • minimumFee: 21 sat/vB
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
January 27, 2024, 08:24:38 AM
I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.
Maybe during the next bear market (2026-2027)...

Or in a month:
When are we going to see the mempool empty again and 1sat/b confirmations?


Quote
1 month   - 2 (12.5%)
3 months   - 1 (6.3%)
Next year   - 5 (31.3%)
Never again!   - 8 (50%)

It took less than a month since I've opened that topic to see 1 sat/vb again, of course it was not that bad at that time as it is now, the purging was at 7.7 and the actual size of the mempool was about 2/3 of this but still it took one month of normalized traffic, if this trend continues we we will probably hit at least under 10sat/b in a few weeks.
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 27, 2024, 06:00:01 AM
     
  • fastestFee: 38 sat/vB
  • halfHourFee: 32 sat/vB
  • hourFee: 29 sat/vB
  • economyFee: 29 sat/vB
  • minimumFee: 25 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 27, 2024, 12:00:02 AM
     
  • fastestFee: 31 sat/vB
  • halfHourFee: 28 sat/vB
  • hourFee: 26 sat/vB
  • economyFee: 26 sat/vB
  • minimumFee: 24 sat/vB
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 26, 2024, 06:00:01 PM
     
  • fastestFee: 34 sat/vB
  • halfHourFee: 33 sat/vB
  • hourFee: 31 sat/vB
  • economyFee: 31 sat/vB
  • minimumFee: 23 sat/vB
sr. member
Activity: 1666
Merit: 310
January 26, 2024, 12:32:07 PM
I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.

Maybe during the next bear market (2026-2027)...
legendary
Activity: 4424
Merit: 4794
January 26, 2024, 12:28:59 PM

                                                                                                   ^        ^
                                                                                                    A        BC
at first i thought pools were letting in zero fee's .. then realised it was just a couple "empty blocks"
A https://www.blockchain.com/explorer/blocks/btc/827402
B https://www.blockchain.com/explorer/blocks/btc/827452
C https://www.blockchain.com/explorer/blocks/btc/827453

just checked on a few recent actual blocks.. rather than averages of the fee buddy and charts here..
and some blocks do average below 20byte/sat (i know feebuddy measures in vbyte, which is different )

copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 26, 2024, 12:00:01 PM
     
  • fastestFee: 30 sat/vB
  • halfHourFee: 28 sat/vB
  • hourFee: 27 sat/vB
  • economyFee: 27 sat/vB
  • minimumFee: 23 sat/vB
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
January 26, 2024, 07:48:51 AM
I'm pretty sure a lot of Ordinals exchanges do not have a robust software tooling, so they're either using a hardcoded fee or they are just using a fee that the operator has to put in.
I don't see automated software constantly overpaying 5x, 10x on fees unless its a bug. It's more like people who are (extremely) impatient.

Yeah, lol, no, they will!

Binance has been constantly overpaying 4x and 5x for withdrawals for years, at the same time they pay only a fraction for their own consolidation and then if indeed of liquidity they raise the fees to 4x what's needed (the same as their withdrawals rates).
Don't underestimate stupid deigns nor how long they can go around unfixed despite their owners losing thousands of $.

Why spend 1.25 ETH when you can just screenshot it Tongue. Anyway, i agree people would create their Bitcoin TX with better mempool condition. Surely some of us plan to consolidate UTXO.

And why spend 1.25 ETH when you can just have a brand new collection of dogecoinbuttcatdicksfish for a few cents!  Grin
If you think what was happening on BTC was nuts, wait and see what the wow much such ordinals community is capable of tossing on chain!

Well, at least fees are going down on our side, btw, does feebudy have some autodestruct code that gets triggered when fees hit 1 sat/vb?  Grin

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
January 26, 2024, 06:59:21 AM

Be ause you cant sell a screenshot , but you can sell an NFT.
Basically a ponzi scheme  Cheesy

I see values in NFT when we are talking about items in games, domains, etc... but images? Wtf
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 26, 2024, 06:00:01 AM
     
  • fastestFee: 27 sat/vB
  • halfHourFee: 26 sat/vB
  • hourFee: 25 sat/vB
  • economyFee: 25 sat/vB
  • minimumFee: 24 sat/vB
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
January 26, 2024, 05:56:50 AM
Why spend 1.25 ETH when you can just screenshot it Tongue
You wouldn't steal a car.


legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
January 26, 2024, 04:09:53 AM
That would be great, but I think every time fees start to approach that level, someone will say, "Oh, now's the perfect time to inscribe my series of byte-perfect CryptoDickButts."

Is that seriously a thing now?
Oh yeah, it was first a thing on Ethereum, and they're actually quite expensive:

https://opensea.io/collection/cryptodickbutts-s3

For 1.25 ETH, you can own this bad boy right now:



They look terrible, lol. I still think CryptoPunks look terrible, but you can't say that in my world, its verboten.

Why spend 1.25 ETH when you can just screenshot it Tongue. Anyway, i agree people would create their Bitcoin TX with better mempool condition. Surely some of us plan to consolidate UTXO.
legendary
Activity: 3010
Merit: 8114
January 26, 2024, 03:41:15 AM
That would be great, but I think every time fees start to approach that level, someone will say, "Oh, now's the perfect time to inscribe my series of byte-perfect CryptoDickButts."

Is that seriously a thing now?

Oh yeah, it was first a thing on Ethereum, and they're actually quite expensive:

https://opensea.io/collection/cryptodickbutts-s3

For 1.25 ETH, you can own this bad boy right now:



They look terrible, lol. I still think CryptoPunks look terrible, but you can't say that in my world, its verboten.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
January 26, 2024, 02:31:18 AM
That would be great, but I think every time fees start to approach that level, someone will say, "Oh, now's the perfect time to inscribe my series of byte-perfect CryptoDickButts."

Is that seriously a thing now?
copper member
Activity: 350
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
January 26, 2024, 12:00:01 AM
     
  • fastestFee: 24 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 24 sat/vB
  • economyFee: 24 sat/vB
  • minimumFee: 24 sat/vB
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