Post
Topic
Board Services
Re: Help Needed with a Stuck Transaction
by
BTCSUMUP
on 09/04/2024, 19:47:53 UTC
I hope that it will clear out soon Smiley And I do hope you're right. Its crazy that every time it get close the fees goes up
The bombardment of Inscriptions continues:
https://talkimg.com/images/2024/04/09/Vx8gW.png
To give you an idea, considering that your sender paid 13 sat/vB for the transaction, the current block values are sitting between 48 - 469 sat/vB, and in the image you see that most of the block is composed by inscriptions whose fees are responsible to cause such a spike in fee value within the mempool.
If you zoom out of Johoe's Bitcoin mempool size[1] and select 1 week period, you'll see that the jump in fees started around 8th of April (~03:00 PM), which matches around with the time that you started having trouble getting confirmation of your transaction. A fee of 13 sat/vB around that time would be okay, but the bombardment of inscriptions isn't something that one can guess sadly.

[1]https://jochen-hoenicke.de/queue/#BTC,1w,weight

Thank you for your thorough analysis and for shedding light on the frustrating situation surrounding the recent spike in transaction fees due to what seems to be a bombardment of spammy transactions on the Bitcoin network. It's disheartening to see how some individuals misuse the network, causing inconvenience for others like myself who rely on it for legitimate transactions.

Let's hope for swift resolution Smiley Its to crazy