Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
franky1
on 07/01/2024, 15:41:18 UTC
I noticed the same thing. Right now on electrum, The fee is going from 1 to 2, 2 to 5, 5 to 10, 10 to 20, 20 to 30, 30 to 50, 50 to 70, 70 to 100 sats... If I remember right, It used to be 1 to 2, 2 to 3 and so on. It feels like they did intentionally to increase the fees even more.

There is  huge difference between 30 sats/b and 50 sats/b fee. Why can't I fine tune it?

This is becoming ridiculous.

ofcourse they are. there are many many github conversations where they admit they do it on purpose sayingcrap like
"It should read something like
"At a minimum, the new fee rate must be high enough to pay an additional new relay fee (5 sats/vB) to enter the node's mempool."

because the wallet uses WALLET_INCREMENTAL_RELAY_FEE which is 5 sats/vB by default."
and reason it as
Quote
WALLET_INCREMENTAL_RELAY_FEE was introduced in #9615 presumably to account for a situation where the users mempool was less full than that of most peers. Bumping by exactly DEFAULT_INCREMENTAL_RELAY_FEE might then cause the bumped transaction to not get relayed.

In addition, because the GUI doesn't let the user specify the new fee rate yet (bitcoin-core/gui#647), it would be very annoying to have to bump 20 times to increment by 20 sat/vbyte.

they literally say they increased it from 1 to 5sat/vb to be "less annoying" pfft

end result people using GUI (softwares graphical user interface) they are defaulted to paying more to get priority in higher increments