related posts
42 sats \ 2 replies \ @orthwyrm 16 Dec 2023
lol and it's not really even a bullmarket yet
You DID open up your channels when the mempool was clear, right?
...right?
reply
0 sats \ 1 reply \ @sudocarlos 17 Dec 2023
Who can even remember mempools were clear? I remember adding some channels at 10 sats/vB when people thought mempools might clear (note: they didnt)
reply
0 sats \ 0 replies \ @orthwyrm 17 Dec 2023
Oh it happened a number of times last year. Examples:
https://bitcoinmagazine.com/business/what-empty-bitcoin-mempools-mean
reply
1 sat \ 0 replies \ @Rock 16 Dec 2023
According to mempool.space, I believe the record highs for fees are somewhere ~1400 sats/vByte, from back in Dec 2017.
reply
0 sats \ 0 replies \ @freetx 16 Dec 2023
-
There is nothing anyone can do about: Good for the miners though....Not just from current income, but this basically proves mining will survive in new reduced subsidy eras
-
I always wonder how much of these high fee events are caused by poor default choices in software. I remember during one of the previous high fee events, it was discovered that many of the popular wallets were recommending fees 2-3x higher than necessary. It only takes 20-30% of the bids to be abnormally high to suddenly incite a bidding war if block space is low....For example I know that Coinbase and the like normally overpay significantly...what about all the mobile wallets....
reply
0 sats \ 5 replies \ @siggy47 16 Dec 2023
Where is the discussion? Hello? Anyone home?
reply
243 sats \ 0 replies \ @Natalia 16 Dec 2023
the fee is insane, was waiting for low fee to do some swaps 😅
reply
0 sats \ 3 replies \ @harrr 16 Dec 2023
What would you like to discuss?
reply
0 sats \ 2 replies \ @anon 16 Dec 2023
Record high meempool fees
reply
0 sats \ 1 reply \ @harrr 16 Dec 2023
Ok, go!
reply
0 sats \ 0 replies \ @anon 16 Dec 2023
What about the magic internet money wizards? Udi?
reply