Mempool Observer Topic - page 8. | Bitcointalksearch.org

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: franky1 on April 11, 2024, 01:11:36 PM

Quote from: stompix on April 11, 2024, 11:48:27 AM

Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.

the halving wont kill off the miners. the spot price has already and will look after miners
in short mining had no issues 6 months ago at 6.25btc for <$218.75k (btc was under $35k 6 months ago)
even if 1btc is still $70k next month.. 3.125btc will be $218.75k

miners were not screaming poverty 6 months ago where 1btc was under $35k/btc

Well actually Nov 2023 coins were 35k but the diff was not 86t.

it was 62t.

So a 70k which would be equal to 35k after the ½. needs to drop by 62/86 due to the diff increase.

so miners will have really torn a-holes soon.

JayJuanGee

legendary

Activity: 3710

Merit: 10196

Self-Custody is a right. Say no to"Non-custodial"

Quote from: franky1 on April 11, 2024, 01:11:36 PM

Quote from: stompix on April 11, 2024, 11:48:27 AM

Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.

the halving wont kill off the miners. the spot price has already and will look after miners
in short mining had no issues 6 months ago at 6.25btc for <$218.75k (btc was under $35k 6 months ago)
even if 1btc is still $70k next month.. 3.125btc will be $218.75k

miners were not screaming poverty 6 months ago where 1btc was under $35k/btc

Another thing, even if half the miners closed down, which I agree with franky they are likely not going to be shutting down in large portions. Maybe we won't even lose 10% of them, unless the BTC price goes back down to $50k or perhaps lower. None the less, how does fewer miners affect how many transactions are processed? The question of how many transactions for normies are being processed likely has to do with if there is any space left for them after the "higher paying" transactions get processed first.

And, I don't claim to know what might be the latests rush for blockspace that seemed to have started around Monday-ish (4-ish days ago).. and has been pretty steady since.

franky1

legendary

Activity: 4214

Merit: 4458

Quote from: stompix on April 11, 2024, 11:48:27 AM

Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.

the halving wont kill off the miners. the spot price has already and will look after miners
in short mining had no issues 6 months ago at 6.25btc for <$218.75k (btc was under $35k 6 months ago)
even if 1btc is still $70k next month.. 3.125btc will be $218.75k

miners were not screaming poverty 6 months ago where 1btc was under $35k/btc

stompix

legendary

Activity: 2828

Merit: 6108

Blackjack.fun

And we're back in business..

Over 90sat/vb for next block, back to $10 per simple tx.
I suppose I don't have to mention the culprit, right? Grin

Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.

cryptosize

sr. member

Activity: 1624

Merit: 294

Quote from: NotATether on March 22, 2024, 08:01:00 AM

Quote from: nutildah on March 21, 2024, 10:37:44 PM

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

FFS... we can't have enough of these asset protocols Sad

BTC closely follows nature's laws.

If parasites exist in nature to suck blood out of big animals, then why shouldn't digital parasites exist in the BTC ecosystem?

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 12 sat/vB
halfHourFee: 12 sat/vB
hourFee: 12 sat/vB
economyFee: 8 sat/vB
minimumFee: 4 sat/vB

bitmover

legendary

Activity: 2212

Merit: 5622

Non-custodial BTC Wallet

My domain is under heavy DDOS attack (near 1 million of attack per day). I had to increase cloudflare configurations to a more aggressive setup, to keep the website up. however, those configs from cloudflare have taken FeeBuddy down...

I will try to fix it later!

In a few hours or days FeeBuddy will be back plotting date every few hours!

Edit: Just made a test with him, manually. Let's see if he gets back automatically later on.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: nutildah on March 21, 2024, 10:37:44 PM

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

FFS... we can't have enough of these asset protocols Sad

stompix

legendary

Activity: 2828

Merit: 6108

Blackjack.fun

Quote from: nutildah on March 21, 2024, 10:37:44 PM

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

Oh, so the the one I mentioend before that took a whole block:

Quote from: stompix on March 03, 2024, 05:40:25 AM

https://ordiscan.com/inscription/63026232

was a rune and not an ordinal...?
And despite being called runes, they...are , what?

https://twitter.com/LeonidasNFT/status/1764216092514213988
ord.io/63140674

And, I hope I'm getting this wrong but no way in hell is he planning to inscribe 112k of those things, right?

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

Quote from: nutildah on March 21, 2024, 10:37:44 PM

Quote from: alani123 on March 21, 2024, 07:02:20 PM

Quote from: NotATether on March 21, 2024, 08:07:31 AM

Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh

Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

Have anyone see it's technical detail[1]? While ordinals use witness data and UTXO, runes use UTXO and OP_RETURN which create somewhat less bloat. And while ordinals idea looks fresh at it's time, both ordinals and runes looks outdated as Bitcoin sidechain/L2 gaining popularity. So yeah, i hope Runes lose it's popularity quickly.

[1] https://rodarmor.com/blog/runes/

nutildah

legendary

Activity: 2982

Merit: 7986

Quote from: alani123 on March 21, 2024, 07:02:20 PM

Quote from: NotATether on March 21, 2024, 08:07:31 AM

Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh

Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.

Yes it was the whole Runes launch by Rodarmor. He got bored with Ordinals and invented a new ordinals-like system... Seems like he's just trying to milk a cash cow by this point. I suspect this fad will be even more short-lived than Ordinals.

alani123

legendary

Activity: 2394

Merit: 1412

Leading Crypto Sports Betting & Casino Platform

Quote from: NotATether on March 21, 2024, 08:07:31 AM

Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh

Probably some new ordinal drop or a BRC drop?
There's so many of these it's hard to keep track. It's like the shitcoin craze of 2013 or the ICO bubble of 2017.

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 24 sat/vB
halfHourFee: 23 sat/vB
hourFee: 22 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 43 sat/vB
halfHourFee: 39 sat/vB
hourFee: 34 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Um I realize I am very late to this but how tf did fastestfee go all the way up to 50+ sats/vb a few days ago? Huh

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 27 sat/vB
halfHourFee: 25 sat/vB
hourFee: 22 sat/vB
economyFee: 6 sat/vB
minimumFee: 3 sat/vB

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 13 sat/vB
halfHourFee: 11 sat/vB
hourFee: 10 sat/vB
economyFee: 8 sat/vB
minimumFee: 4 sat/vB

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 13 sat/vB
halfHourFee: 13 sat/vB
hourFee: 13 sat/vB
economyFee: 10 sat/vB
minimumFee: 5 sat/vB

FeeBuddy

copper member

Activity: 126

Merit: 16

bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0

fastestFee: 35 sat/vB
halfHourFee: 33 sat/vB
hourFee: 29 sat/vB
economyFee: 12 sat/vB
minimumFee: 6 sat/vB

cryptosize

sr. member

Activity: 1624

Merit: 294

Tons of consolidation going on right now...

Topic: Mempool Observer Topic - page 8. (Read 10046 times)