1 sat/vB is clearing but someone just made a consolidation at 102 sat/vB 🫥
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Sense check Despite a dip in activity there are still 267k “legit” transactions per day. (Average non OP_RETURN related/Inscription over the past 90 days)
Over the past 1000 blocks, more than 30% of transactions have been below the longstanding1 sat/vB default min tx relay fee limit. image If we plot the actual data, we see spikes around round feerates (1,2,3,4 sat/vB) and a (surprisingly ?) large spike in the sub 1 sat/vB fee rates on the right hand side. image We can animate this graph with a 1000 block sliding window for the month of August. There is a wide range in the proportion of blocks which are < 1 sat/vB, but the 144 block rolling average has been on an uptrend in recent months (shown here is data since June, block 900000) image
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> it only takes one determined spammer to make a tool to allow the less determined to spam. - @Nicolas Dorier This is the asymmetry that many filter proponents seem to miss. Most of the kind of transactions they wish to filter out are created using dedicated software (services / tools / platforms). Developers of such software can rapidly bypass any restriction using open source software like libre relay, which will get their transactions to miners. We already see this, with some platforms offering the ability to select broadcast method from a drop down, including direct broadcast to some miners.
Did you use the bitcoin core wallet in the last year?
@softsimon and I are arriving early for @BTC Prague. Get in touch if you are around from the 14th and want to meet up! image
Which filter do you think core will drop / change the default for next? - Max Transaction Size - Minimum Relay Fee - Minimum Output Size
What do I do? Research: I publish chart filled data-driven reports on technical Bitcoin topics. Read at
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