I noticed something odd today. I sent a transaction with a 10,000 satoshi/KB fee earlier to pile up a bunch of small inputs. With fees being so steep right now, I thought it would take ages to confirm. But guess what, it got confirmed today by Bitfury, even though fees haven't dipped below 200,000/KB for a long time.
I'm not upset about this, but it makes me think... is Bitfury, along with some other miners, confirming these lower fee transactions just to keep their blocks filled and avoid raising any eyebrows? Meanwhile, the higher fee transactions are left to pile up in the mempool, driving those fee estimates even higher?
Bitfury confirming low fee transactions?
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hodler2019Legendary
Posts: 2182 · Reputation: 12913
#2Feb 7, 2020, 03:35 PM
I suppose you could refuse all fees over 20,0001 satoshi /KB
but the bottom line is the network can do about 600,000 transactions on a 144 block day
so why not take higher fees rather then lower fees.
https://blockchain.info/charts/n-transactions
we are over 350,000 transactions per day
the reason we don't do the 600,000 max is every transaction would need to be around 227bytes
Interesting stat here.
https://blockchain.info/stats
Percent of income from transaction fees = 19%
Looks like the "when the block reward runs out" issue some folks worry about is ALREADY getting eliminated pretty quickly.
Hello Sir/Ma,
Compliments of the season. Trust this message meets you well? I am hoping that you're able to help or assist me with a problem I have with freebitco.in website.
I made a deposit that has not been credited to my balance for about 3 months now, not sure why this has happened as I've never really had problems in my 7 years+ using the site. All attempts to reach support either through the contact form made available on the website and via their official email have been futile.
Can you please assist me with this?
This is the transaction hash - ecf4659f060045db0c59e566b360e5773279d9fb641dbb6cb06f5ab3287a3058 (https://www.blockchain.com/explorer/transactions/btc/ecf4659f060045db0c59e566b360e5773279d9fb641dbb6cb06f5ab3287a3058)
There are 2 deposits made to my freebitcoin account (both are long confirmed),
- 0.02323614 BTC (No. 15 on the transaction list)
- 0.00323868 BTC (No. 76 on the transaction list)
I was credited the second deposit of 0.00323868 BTC but never the first of 0.02323614 BTC.
Please help me. Looking forward to your response.
Thank you.
Use RBF of CPFP - use google to learn how they work.
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