Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
stompix
on 26/12/2023, 15:11:20 UTC
Me and difficulty adjustments. I should really quit, I've won 6 times at Kempton today on horses but this adjustments.. Cry

Quote
The difficulty adjustment is coming in 24 hours and the current pace is 5.4%, that means 95 extra blocks have been mined compared to normal, a thing that might change to less blocks mined next period, meaning less capacity, which you guess it, means higher fees!

Turn out my prediction as completely off the mark, pace is just as fast:
Quote
Current Pace:   105.2454%  (512 / 486.48 expected, 25.52 ahead)

so it means we had
-on average extra 5% capacity
-weekend + two Christmas holiday days
and yet the fees hold high and hover from 60 to 100 sat/vb, also the distance to 10sat/vb is still the same , 213vMB as I type, almost no changes, so guess this was the last chance to see fees in the 20sat/vb, I doubt new years eve will be able to do something either, despite following the same weekend pattern.

Wanna repeat the era that gave birth to every failed fork of Bitcoin? I would rather not.

You know, depending on how you look at it and how biased you are , one might think of this like:
Do you really want to let people chose again what they want, like in a 4 years cycle elections?  Roll Eyes