Post
Topic
Board Bitcoin Discussion
Re: Gemini has paid 100k in fees for a Pizza Day message
by
franky1
on 23/05/2025, 10:57:11 UTC
paid 100k...?? nope

I was browsing the mempool and saw that a block had fees ranging from 1sat/vb to 280 000 sat/vb
This tx was the culprit:
https://mempool.space/tx/8245e67349565e481c622fe3437408db7344cdf730edb193c1466326eb021c0b



Worth it?!?

math(simplified):
1btc: $110k
0.1btc:$10k
0.01btc:$1k

fee: 0.016btc aka 1600777sat

0.016btc: $1.76k

also mempool.space has a good math trick too.. press the fee(it a button) and it changes the fee to sat or $$ value for you, saves you doing the math

but to answer question.. paying $1.76btc is not worth it to normal users just writing a message(social media is free).. but for companies advertising budget, can be quite cheap to promote a business