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I was observing my mempool those days and it's very cool how we can measure with much more precision now the use of the timechain. For example now it's around 0,17s/vb and the minimum is 0,10 when it gets more expensive those days it tops 4s/vb but the average remains around 0,7s/vb. Then I wonder if there's much more monetary use now because there's no block half empty now like there was a lot before sub 1s/vb.
0 sats \ 1 reply \ @adlai 18h
I believe 1 sat / vbyte is an arbitrary/coincidental price level, and doesn't have fundamental significance. The fundamental signifciance derives from comparing total fees with the subsidy (block reward)
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but if a block was half full miners get zero fees on that empty space. With sub 1s/vb it's much likely to get full blocks even if the total fees are less in total.
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If we consdier the new minium that is 0,10 and the average low transactions around 0,18s/vb it's still 80% more expensive than the minimum, a very good sign. Before you start asking, no I am not jew.
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