Mempool Observer Topic - page 88. | Bitcointalksearch.org

SamReomo

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Quote from: franky1 on December 22, 2023, 06:53:32 AM

dont point fingers at miners.

I'm not pointing any fingers toward miners, in fact I believe that they deserve to have some extra fees sometimes as a reward for their contribution to the Bitcoin network. The high fees aren't caused by miners, those are caused by the ordinals.

I'm not against the miners nor I'm against the developers as they're also trying to fix the issues. it's an issue in the network that we all are facing and we all should work as a community to solve the issue. I hope that the developers will soon find a solution for the issue.

stompix

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Quote from: DaCryptoRaccoon on December 22, 2023, 06:41:36 AM

Yay more fees just what everyone wants around the holiday season!

If you're concerned about Santa, I have some insider info you might be happy hearing:

Quote from: Lucius on December 18, 2023, 06:52:18 AM

Quote from: stompix on December 17, 2023, 11:54:12 AM

I just hope Santa isn't buying presents with Bitcoin, fees will bankrupt him!
/ second rant over

I heard that Santa has good relations with some miners and that he pays very favorable fees, so that children should not be afraid that there will be no presents this year🎅

I can vouch for Lucius, he knows what he's talking.

Quote from: slaman29 on December 22, 2023, 06:47:12 AM

Just yesterday I needed to send, but I have an "exchange" hot wallet. Paid only 15k sats so still under a dollar. Bring high fees on!

For you unfortunately I have some bad news:

Quote

15,000 SATS = 6.57 USD

And since this is getting traction and attention, a bit of TA:

One can easily see the fourth inversed bottom top forming clearly!

franky1

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Quote from: SamReomo on December 22, 2023, 06:46:24 AM

Quote from: DaCryptoRaccoon on December 22, 2023, 06:41:36 AM

Miners must be loving it right now!

Yeah, the miners are getting huge rewards in the form of those high fees

miners dont see transactions
miners dont choose transactions
miners are just given whatever cut of reward the POOL decides.

dont point fingers at miners.
realise who is making transaction decisions
look at the devs that refuse to fix the exploits they create

asic owners were not in poverty when the bitcoin price was $17k so dont even pretend miners deserve fee's now..
also the spot market will take care of miners when the reward halves
so fees are not essential

realise its all about dev politics thats causing the issues we see.
it has absolutely nothing to do with asic economics

whomever is telling you to look at miners is the guy that doesnt want you to scrutinise the core devs indecision and sponsored deals

slaman29

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Livecasino, 20% cashback, no fuss payouts.

More, more, more! I admit it hurts a little but at the end of the day I seldom send as a DCA guy, I usually receive and yes, that means I don't really need to worry much.

Just yesterday I needed to send, but I have an "exchange" hot wallet. Paid only 15k sats so still under a dollar. Bring high fees on!

SamReomo

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Quote from: DaCryptoRaccoon on December 22, 2023, 06:41:36 AM

Miners must be loving it right now!

Yeah, the miners are getting huge rewards in the form of those high fees and they definitely should be loving to see those high fees, but they deserve to have those fees for their contribution in running of the Bitcoin network.

I'm happy to see this thread as we can discuss about the high fee issue here rather than creating new threads about high fees every here and there. I think OP has thought a better solution to bring all those fee related issues in a single thread. Let's discuss about the fees here from now on.

DaCryptoRaccoon

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Yay more fees just what everyone wants around the holiday season!

With the block count being ahead small transactions users going to feel the pain the most.

Miners must be loving it right now!

stompix

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I've seen that lately people are actually more concerned about fees that looking at the price, so, I was saying to myself, why not a mempool observer thread?
Rather than starting 13 angry topics out of 30 in every single section of the forum, how about we have our fun in one!
I mean:

In case you're just looking for the next block fee, you don't have to go though all the topic!
Courtesy of Bitmover:

Quote from: bitmover

Maybe we can get one of the AI here with all their tricks and coding skillzzz to make a fee buddy! Grin

So, till then let's start:

And if you think x-mas is coming and there will be a lul the incoming transactions, I have some bad news for you:
The difficulty adjustment is coming in 24 hours and the current pace is 5.4%, that means 95 extra blocks have been mined compared to normal, a thing that might change to less blocks mined next period, meaning less capacity, which you guess it, means higher fees!

Topic: Mempool Observer Topic - page 88. (Read 22280 times)