What's the easiest way to get a notification when the mempool frees up? \ stacker news ~bitcoin

What's the easiest way to get a notification when the mempool frees up?

2364 sats \ 18 comments \ @o 18 Mar bitcoin

I want to make sure not to miss the next consolidation opportunity.

I also don't want to receive too many notifications (noise vs signal).

287 sats \ 2 replies \ @TheBTCManual 18 Mar

Why don't wallets have this feature baked in, would make life so much easier

128 sats \ 0 replies \ @kilianbuhn 18 Mar

What Bitcoin node do they pull? And how often would they - remids me of traffic reduction on certificate/revocation servers - same problem. Also there are many different slow/medium/fast fee estimations. Or how long does the mempool have to clear up for notifications to trigger.

It can be done for sure. But doing it such that it it's a good UX takes effort

0 sats \ 0 replies \ @ch0k1 19 Mar

Some of them (Zeus) have it baked in

200 sats \ 4 replies \ @expatriotic 18 Mar

Could always compose and broadcast the tx and wait for prices to drop

136 sats \ 1 reply \ @o OP 18 Mar

The problem with that is that you can't delete a tx from the mempool, so if you ever need to move funds elsewhere you'll have to do a CPFP which is even costlier.

10 sats \ 0 replies \ @expatriotic 18 Mar

If you don't mind waiting...

If waiting is an issue then pay the higher fee to begin with.

If you're waiting for a notification then clearly you don't mind waiting I thought.

Every case is different

31 sats \ 0 replies \ @arealpeacemonger 18 Mar

Just did this for the first time last week. The transaction was in the mempool for around a week, then cleared yesterday. Magic.

0 sats \ 0 replies \ @kepford 18 Mar

If you are patient you can be rewarded. Your transaction can also wait for months. I've had this happen but it wasn't a big deal. I was experimenting anyway. Just a word of warning.

120 sats \ 1 reply \ @kepford 18 Mar

One note, I have really not found a good way to do this other than just keep an eye on them manually. The services linked below tend to have smaller mempools and lack accuracy to the detail I'd like. Mempool.space is the most accurate place I have found to track fees and that's what I tend to use. I found the ntfy service to be way off on the low side. If you watch fees though you start to see patterns when they drop and rise based on time of day and time of week but there's no hard and fast rules.