Reported minimum relay fees

MinRelayFee	Nodes 10/09	Nodes 15/09
1 sat/vB	25,125 (89.0%)	24,695 (86.5%)
No FEEFILTER sent	2,135 (7.6%)	2,331 (8.2%)
0.1 sat/vB	569 (2.0%)	1105 (3.9%)
9170997¹	84 (0.3%)	73 (0.3%)
.001 sat/vB	81 (0.3%)	91 (0.3%)

I'm surprised that so much of the network (~87%) is still at 1 sat/vB, especially considering that we are seeing almost 40% of all transactions having a sub-1 sat/vB feerate.

source

4% of nodes having a more permissive policy leads to sub-1 sat/vB transactions being 40% of all transactions.

@0xB10C thinks these nodes were doing IBD or were not caught up to the chain tip in some way. ↩

102 sats \ 2 replies \ @0xbitcoiner OP 3h

Not sure if I’m mixing it up with something else, but wasn’t the option to set fees below 1 sat only made available from a certain version of Bitcoin Core? Any idea how much miners are making just from transaction fees? Maybe it’s not that much. Or maybe the ones who don’t accept fees under 1 are just filtering out dust.

Didn’t know the article author was on SN. Props to you, @daniela, great work!

33 sats \ 1 reply \ @Scoresby 3h

Core 29 lowered the default, but I believe it was always a config option to lower it.

0 sats \ 0 replies \ @0xbitcoiner OP 3h

Someone dropped some stats here on node versions, but I can’t find it now. If I remember right, not many were on v29. Could be that, or maybe I’m just oversimplifying?

0 sats \ 0 replies \ @nitter 3h

https://xcancel.com/OrangeSurfBTC/status/1968293577362145485

Reported minimum relay fees

4% of nodes having a more permissive policy leads to sub-1 sat/vB transactions being 40% of all transactions.

Footnotes