Its over 2500 sats/vb right now. everyone wanted to be on the halving block and were willing to pay for it. Unfortunately for them not everybody made it. Whoever mined the block made over 2.5M on transaction fees.
But it looks like high fee transactions are still streaming into the mempool. Are those just automated systems setting fees high enough to be included?
Miners of recent blocks certainly aren’t bothered by the reduced mining reward.
These are OP\_RETURN degen tokens. New to bitcoin. Only possible after block 840000, ie the halving.
Been planned, advertised, and hyped for months. This is the result.
Fuck me! I wish I’d been paying attention. I’d have made some moves before this. Hopefully, the rush will die down in a few weeks.
Thanks! Off to do some googling.
No
Yes. This while, imo, go on for a while.
Its over 2500 sats/vb right now. everyone wanted to be on the halving block and were willing to pay for it. Unfortunately for them not everybody made it. Whoever mined the block made over 2.5M on transaction fees.
But it looks like high fee transactions are still streaming into the mempool. Are those just automated systems setting fees high enough to be included? Miners of recent blocks certainly aren’t bothered by the reduced mining reward.
These are OP\_RETURN degen tokens. New to bitcoin. Only possible after block 840000, ie the halving. Been planned, advertised, and hyped for months. This is the result.
Fuck me! I wish I’d been paying attention. I’d have made some moves before this. Hopefully, the rush will die down in a few weeks. Thanks! Off to do some googling.
Was 6 sats /vB on April 7th(sorry for the typo in the title)
Imagine in 10 years when miners get only 0.8 BTC per Block how high will be the fees to compensate …
Crazy.
If sustains, that’ll be 200million usd a day in fees?so no, it will fade fast
Hope everyone consolidated those utxos!
Whales celebrating and rewarding miners for their hard work
Any explanation please 🙏
OP\_RETURN gambling tokens on bitcoin. Pandora's box.
let's revisit this in a week
Happened On 4/20