Topic: When are we going to see the mempool empty again and 1sat/b confirmations? (Read 603 times)

I missed that.

Was it a high priority when it's got down to 2 sats/vB and 4 sats/vB? High priority is at 30 sats/vB and low is at 11 sats/vB.

It probably because we're getting used to the higher fees and that's why most of us likely did just let it go and thought that it will take any longer.

funny part is doomad  and is dozen soldiers promote crap that has less userbase then things not even advertised.
funny part is he thinks because he has 12 people that kiss his ass that must mean everyone prefers his minset..
funny part is doomad and chums try to kiss a certain dev/mods ass and hope to earn merits as pats on the back for ass kissing
its funny because i criticise that same dev/mod and i dont care about merit or pats on the back.. yet that dev/mod gives me merit more regularly than doomad

its funny that doomad and his kiss ass army of 12 have not realised their ass kissing doesnt work. their campaigns fail and they just make themselves look stupid


i understand that doomad loves to recruit idiots into his schemes and defends those cult recruits idiocies with compliments and tell them them to ignore and block anyone that goes against the doomad cult mantra.. but cult leader is gonna be cult leader. and he will never change

but atleast the wider community can learn from others mistakes
and yes correcting mistakes is helpful, not ass kissing idiots

if people dont like to be corrected, they will never learn

anyway back to the point yet again (after the distractions of the cult group defending each others sensibilities)

the easiest ways to start seeing transactions bid as low as 1sat/byte again is to start using 1sat/decabyte so bidding starts lower than 1sat/byte to allow wiggle room for competition before even getting to 1sat/byte... instead of expecting the minimum being 1sat/byte where they then expect bids to go to that min in a competing market(facepalm)

You do realise the odds of everyone suddenly thinking the same way you and your special brain do is pretty remote, right? 

If you insist on always having such a "unique" perspective about everything, then you can't expect people to agree with many of your views. 

It's as though you're perfectly cognisant of that fact that you're out of step with everyone else, yet you still get pissy about how everyone else is out of step with you.  Make it make sense, plz.



No, the funny part is you wouldn't be calling us an ass kisser army if we happened to agree with you all the time.  You and your ego would fucking love that, even though in such a scenario that would make us ass kissers towards you.  Again, you insist on having batshit mental stances on everything, so it's only natural that the number of people agreeing with you is going to be minuscule.  Please cry more.

funny part is im not the one trying to get an ass kisser army of idiots to start using crap you lot promote
i dont promote things nor try to incite people to join me in any campaign or promotion of crap things
(you loved seeing the meme crap on the network causing a fee war, you promoted it too)

anyways
it is VERY EASY for users to start measuring transactions in decabytes meaning a lean tx of 226byte can start from 23sat total meaning a ~0.1sat/byte average. and if everyone started measuring transactions from a starting point of 1sat/decabyte then we can see the whole community then compete for priority at a better cost average start point (later measure tx from 1sat/kb)

but hey i understand that you lot dont want to think outside of the box of certain software defaults or think about maths properly

We're breathing fresh air once again. It seems the mempool is now free of dead monkeys, or perhaps only a few are left. I don't know if it hit 1 sat/vB for high priority transactions ever since the ordinals took over the mempool, but yesterday it went as low as 2 sat/vB. Right now, it's still low at 4 sat/vB.

There wasn't much who participated in the poll but it's funny how the majority thought this will not subside ever again. Many also thought this will only subside next year. Little did they know it would only take even less than a month for it to clear out. Perhaps even OP wasn't expecting this since the shortest option in the poll was 1 month.

Just like any hype, those monkeys couldn't live long.

nah. unlike you ass kissers who love attention and wanna get famous. i just prefer to correct idiots.. not my fault certain people show how foolish they are soo easily

if a OP makes a topic about sat per BYTE and makes examples of 20sats per BYTE=<$1 but then real math does not come confirm his calculations.. and when corrected he pretends he was always talking about Vbyte(a cludge misrepresented and undercounted bad math form) it just easily shows he cant do basic math of basic byte counting and sat counting

but ill leave you guys to ass kiss each other and stroke each others egos to feel better. seems its all you ever do on this forum, back up each other stupidity and junk trash promotions of cludgy code

so a repeat of the lesson:
minimal real byte TX of notmal transaction of expected lean tx of 1in 2 out legacy is 226bytes
20sat/byte=4520sats      4520sats = $1.24 today
and thats for a lean tx.. an average tx is nearly double the bytes so average tx is over $2

As is often the case, things happen when you least expect them, and given the poll, this was a case in point. It looks like we will soon be able to consolidate on weekends at 1 sat/Vbyte in a few blocks. I remember sending a couple of transactions at that rate last year that were confirmed in the next block.

Agreed, lasted longer than I thought it was going to as well. There will likely be resurgences, however they will be weaker and more brief with each passing one. The most hyped artwork was simply clones of pre-existing projects, for people who wanted to own their own Bored Ape or CryptoPunk... Most NFT manufacturers and promoters are largely out of incapable of forming original ideas.


He was tired of being ignored so he decided to take personal shots at the OP to get attention, how classy.

ITT:  Disreputable user takes a contrary stance because they think they're special.  No one else cares and continues to do things in the way normal people do them.

dont quote 20sat/b and the pretend you meant vbyte

again you quoted "Assuming 20sat/b". and your exampled link is just 13sat/byte
thats why its only 69c because YOU cant tell the difference

now calculate what sat for byte is at a rate of 20sat per byte. as you first promoted

and by the way vbyte is cludgy misrepresented math that doesnt even count real bytes.. but you do love bad math so i can understand why you prefer to say one thing and mean another

And it's here:

The mempool having just leftovers

Only 21 blocks worth of tx left


The interesting thing, in the poll just one person out of 15 said 1 month which turned out to be true.


Of course franky, of course, you see, the only problem is that you know the ancient math, that one where we only had numbers from 1 to 2 
https://mempool.space/tx/9ed475ae427fdc2862ef2fc556d59130883aeb98902799c8bcddc10639de662e


Not my problem you're stuck in the past and you're using furlongs and pints while everyone has moved away.

$1 is 0.00003846 (at a whole btc rate of $26k)
a lean tx of 226byte means the sat/byte rate is 17sat/byte

this means if you know maths(doubt you do)
that if the same lean tx was 20sat/byte the total would be 0.00004520 which is $1.17
and thats for a LEAN tx. average tx are bigger meaning they pay more then $1.17

It went on longer than I thought it would.  But it seems 'greater fools' are a finite resource and they will run out eventually.  This silliness was never going to be economically viable on a permanent basis.  It was only going to last as long as people were buying the pictures and not enough people are doing that anymore.

It still saddens me that some people were ready and willing to sacrifice permissionless freedom to try and stamp it out sooner, though.  It would have failed and would only harm the network in the long run.

Look at the mempool prior to April this year!


I think the number is way smaller than we might have thought before, it would have been one thing if the fee would have hovered around 100sat/b but with it being for months in the 10-20sat/b and the biggest users (exchanges) already paying way above that I don't think there are that many users who have postponed their transactions and they have such a long batch of it to broadcast.
Assuming 20sat/b for a tx it was still under $1 so the most we can expect is consolidation.


Interesting so the dump from 44k to 8k (with a ton of zeros before that I'm not going to count) happened roughly 24 hours after the mempool started its decline and in the same timeframe with the stop in minting them, so it might be possible that the hype and usage was already dead and the congestion was because of the project still going out of inertia and long-missing periods?