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Topic: What's with the 10000+ sat / vb Transactions - page 2. (Read 242 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
November 18, 2023, 08:53:01 AM
#4
This is probably due to the fact that people wanted to get to the first positions in the mempool or simply have extra money that they are willing to donate to miners. Smiley
Which means they are just ignorant or they just want to donate bitcoin to miners that mine the next block which will contain their transactions. Less than 500 sat/vbyte is still highly enough to get a transaction into the next mined block. This is just my opinion. It is a waste of money on fee if not donating it to miners. I also think it was not because of wallet wrong fee estimation.
hero member
Activity: 868
Merit: 952
November 18, 2023, 08:48:31 AM
#3
I don't think they are errors because of the number of them happening over the last few hours.
Your thoughts?

I also do not think it is errors because all the three transactions where at first broadcasted with less than 210sats/vbyte fee rate which could have gotten them confirmed in few blocks but the all opted for bumping of the transaction. Also I believe this also not a wallet fee estimation error as wallet which supports fee bumping and taproot address hardly run into such errors when compared to the ones that do not support them.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
November 18, 2023, 08:45:09 AM
#2
This is probably due to the fact that people wanted to get to the first positions in the mempool or simply have extra money that they are willing to donate to miners. Smiley

In fact, such high fees for transactions chosen by users may be the reason for their low awareness of the bitcoin (banal low interaction experience), as well as standard settings (or broken settings) in popular hardware wallets, such as a Ledger or Trezor, which is why inflated commissions were spent.

If these are not errors, then a conscious choice of these users? Take a look at these numbers:
0.08675072 BTC      ~3150$
0.09754833 BTC      ~3550$
0.02717640 BTC      ~990$

Immodest amounts, to be honest, to throw it away like that.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
November 18, 2023, 08:27:15 AM
#1
https://explorer.btc.com/btc/transaction/5bca3df97f4bd155b75432a7fd2907e4ddc1d6e75452e314a0038de921eb3818
https://explorer.btc.com/btc/transaction/134d1e7ff9b765f4ee59d355d4a365845540a537d78380b0e404b92ae0f53193
https://explorer.btc.com/btc/transaction/36b21256456434d7932930124976916cb47d833f12ed15af34d662aa35336de9

I mean there is the mempool is congested and I want to or have to be in the next block and then there are these.
Bad programming of wallets?
People who don't know better?

I don't think they are errors because of the number of them happening over the last few hours.

Your thoughts?

-Dave
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