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0 sats \ 1 reply \ @CruncherDefi 5 Sep 2023 \ on: Will the mempool clear before the halving? bitcoin
Can we please stop talking about 'number of transaction pending' or 'MB in mempool pending'? Its totally meaningless.
Look. I can generate 100 MB of bitcoin transactions with 0-sat fees and keep broadcasting those to my peers. Those are legal transactions (in early day of bitcoin it was normal to use 0-sat fee).
Will those txs ever clear? Of course not. 0-sat-fee is too low for today standards. Will those inflate 'MB in mempool pending' and 'number of transactions pending' metrics? Yes!
See? It's kinda meaningless to care about this metric. Blockchain processes ~4MB of data every 10 minutes and that's that. It doesn't care how long is the backlog of txs.
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0 sats \ 0 replies \ @orangesurf 5 Sep 2023
Broadly correct, but to nitpick your peers will almost certainly inform your node of a min relay fee > 0.
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