0 sats \ 3 replies \ @petertodd 11 Feb 2023 \ parent \ on: Discussion about increasing default mempool size limit in Bitcoin Core bitcoin
What are your calculations for "less than 24hr"?
You can't do that math by assuming transactions are processed first-in-first-out. That's not how the mempool works.
I created a transaction a few days ago at 1sat/vbyte myself. It's still waiting, because obviously, why wouldn't it? The fee market has been such that it's never been worth mining a 1sat/vbyte tx.
I meant assuming no new transactions comes in, what could fit into mined blocks next 24h.
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Exactly my point: assuming no new transactions come in is ridiculous. New transactions always come in. And in circumstances where there's been high enough demand to reach the mempool limit, it's even more likely that new transactions will be coming in!
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5 days uncomfirmed with a 1sat/vbyte, to myself so no worries, more of an experiment. Just bumped the fee to 3sat/vbyte and the default rate went up more for the current block. I'm in no rush. But it is fun watching all this. Happy for the miners during the current market.
Also all this is showing me how important Lightning is for instant and low fee transactions. I got too accustomed to empty mempool layer one transactions. Like all things. This too shall pass.
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