This is really insane but it reminds me how crypto users become too naive on paying huge fee just to purchase a hype tokens. This is same scenario when NFT hype is still new on ERC20 which users is paying high fee just to purchase hype NFT.
Whales don’t care much on fee if they are expecting high return for being first to purchase new hype tokens.
Topic: This is beyond craziness - page 3. (Read 694 times)
Bitcoin transaction fee can be part of it, but the main reasons are the BRC20 tokens. You can see how the transaction of SATS would have increased recently. ORDI s still part of them. There are some like RATS that are part of them. There are many BRC20 tokens and there are more that will be created if this continues. Something needs to be done.
I visited mempool.space to have a look on average Bitcoin transaction fees and holy shit, Fees are up to 600 sat/vByte when bitcoin's price is more than 42,000 USD. But that's not something that catch my attention, I checked block and recently, some minutes ago, someone sent transaction with 105,629 sat/vByte fees.
Check this: https://mempool.space/tx/abd0372aaaac6392eb5be258dcf282ffc152b9fd99a75945342be84416c93b36
This is even worse, just found it while I am writing this post: https://mempool.space/tx/0cef268fff70c605dd91a00586d4edefc00ea47fc3c38500c67692aea8f6e9c9
Here is the worst: https://mempool.space/tx/8a199391385b767b3923f8005012d7ab7fce66e78bc9ca302db2e6bd6bf730ff
What the hell is going on? Who can afford so high fees? Fees are so high and people still pay for it, mempool is clogged and getting even more clogged. I thought I was not a poor guy but now I feel like the poorest person in the world
Does anyone know what's the reason behind these high fees? These are not ordinal transactions.
P.S. Bitcoin miners are getting higher reward from fees rather than from mining a block. Has this ever happened before?
| Fee | 14,999,300 sat |
| Fee rate: | 105,629 sat/vB |
| Effective fee rate: | 36,880 sat/vB |
Check this: https://mempool.space/tx/abd0372aaaac6392eb5be258dcf282ffc152b9fd99a75945342be84416c93b36
This is even worse, just found it while I am writing this post: https://mempool.space/tx/0cef268fff70c605dd91a00586d4edefc00ea47fc3c38500c67692aea8f6e9c9
Here is the worst: https://mempool.space/tx/8a199391385b767b3923f8005012d7ab7fce66e78bc9ca302db2e6bd6bf730ff
What the hell is going on? Who can afford so high fees? Fees are so high and people still pay for it, mempool is clogged and getting even more clogged. I thought I was not a poor guy but now I feel like the poorest person in the world
Does anyone know what's the reason behind these high fees? These are not ordinal transactions.
P.S. Bitcoin miners are getting higher reward from fees rather than from mining a block. Has this ever happened before?
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