Blocks are nice and empty at the moment if anyone wants to consolidate. Just had a 20 sat transaction clear in first block I think.
20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!
I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently.
There is no thing like a 20 sat total fee. Transactions are at least 226 bytes long: at 1 sat/byte this means 226 Satoshi.
EDIT FOR CLARITY: This is not a protocol level limit. 0 sat/tx fees are protocol level valid so actually possible. But as there's no incentive for miners to mine them, I hardly doubt it will be ever mined. Sub 1 sat/byte are also possible, but i THINK many miners set lower bound at 1 sat/byte (coincidentally equal to minimum relay fee): this is to avoid inserting "dust transactions" on their blocks.
So yes, sub 226 satoshi transactions are valid and possible, but very likely not to be mined even with almost empty mempool.
Happy to be proved wrong.
Oh goodness. I am being shamed for spending $2.65 to send $9,500 half way around the world
Yes I meant 20/sat per byte. However I failed to realise that my transaction was 1,400 bytes.... Apparently I have been doing some sweeping of my own. Still a good deal, but perhaps not as good as it could have been.
Edit: forgot to account for blockweight as it was a segwit transaction. So only cost $1.50 fee.
