Quote from: bitmover on May 04, 2024, 07:34:57 PM

Quote from: JayJuanGee on May 03, 2024, 03:14:08 PM

I would still be concerned to try to send transactions as low as 12-13 sats per vbyte, even though it does look like they might have decent odds of going through in the coming days,. but surely if there was some desire to consolidate UTXOs, then we would be wanting to get as low a fee as possible, so maybe 15 sats per vbyte with a single input is still going to run about 1,650 sats.. which is about a $1 at current prices.

And I still have hundreds of UTXO to consolidate.i simple Won't consolidate at such fee rates.

I still believe we will see 1 sat vB again. If not in the next months, in 2025.

Let's say that you have a bunch of UTXOs that are $10 or less.. I am not sure how you would have very many UTXOs smaller than $10 because the BTC price has gone up quite a bit, so even if you were receiving transactions for less than $10, the price has gone up too.. .. but yeah the UTXOs could be problematic anywhere between $10 and $100.. and at the same time, I still have difficulties expecting to be able to process transactions less than 5 sats per vbyte on any kind of a regular basis, and maybe we will have similar kinds of difficulties in processing transactions less than 10 sats per vbyte.. -especially on a regular basis, so yeah, I was saying 1,650 for the whole transaction at 15 sats per vbyte (which was currently about $1.,, so yeah maybe getting some for $0.50 .. but then we expect the BTC price to go up and some other efficiencies to be created, but still at the same time ongoing increasing adoption.. So, I having trouble considering those low on chain transaction fees, except maybe once in a while having some temporary dips.