Post
Topic
Board Bitcoin Discussion
Merits 19 from 7 users
Topic OP
Call for reconfiguration of nodes to relay transactions with fee-rates <1 sat/vb
by
Greg Tonoski
on 31/01/2025, 08:57:52 UTC
⭐ Merited by LoyceV (7) ,pooya87 (5) ,d5000 (2) ,vapourminer (2) ,stwenhao (1) ,hosemary (1) ,JayJuanGee (1)
The minrelaytxfee default value of 1000/kvB (1 sat/vbyte) has been set in Bitcoin nodes since 2013 or earlier. In 2013, 1000 sats were priced at $0.01, today it is about 100 times more. Wouldn't you like to consider adjusting your node configuration and lower the hurdle, perhaps? I would suggest setting minrelaytxfee=0.00000001 (which translates to 0.001 sat/vbyte) as a rule of thumb. The value could be set in a bitcoin.conf file. There is negligible number of such reconfigured nodes relaying transactions with fee-rates below 1 sat/vbyte currently.

There is the intention to unblock transactions with fee-rate below 1 sat/vbyte in Bitcoin. Probably consolidation and multisig types of transactions would benefit the most.