Post
Topic
Board Bitcoin Technical Support
Re: [Mar 2024] Fees are lower, wait for opportunity to Consolidate your small inputs
by
stompix
on 12/04/2024, 12:56:06 UTC
that's 154tx a day
It's 15k per day.

56 000 000/365 is 153 424, nobody would have cared for an extra 14k a day when the blocks were mostly empty!

I really don't get it: tens of millions of spam transactions, paying hundreds of millions if not billions of dollars in transaction fees. Madness!

Not really billions!
First, we had a very bad day in terms of blocks, only 117 blooks in the last 24 hours so by bye early 25% of the capacity, then the total fees are not that bad either, only 7.9 millions, and in this you include people that don't mint ordinals, binance that pays 150sat/vb  or Bitfinex that has no second thoughts on 469 sat/vb

So in the end, it takes little effort to clog the network, cause...you know...1MB is enough for everyone  Wink