Re:Bitcoin nears $8,000 as ‘FOMO’ traders pile in after crash
by tom_mellior on Friday November 17, 2017 @05:09PM
(#15726411)
Excellent points, thanks! That looks like a really useful tool for getting a better look at what's going on.
Re:Bitcoin nears $8,000 as ‘FOMO’ traders pile in after crash
by Klathmon on Friday November 17, 2017 @05:29PM
(#15726518)
It's my go-to site for looking at what the mempool state is!
Most of the time if you just use the estimation from your wallet software you should be fine, but if you like to craft crazy transactions to clean up a bunch of dust or like to save money, it's a great resource.
If you look at this[0] representation, you'll see that the vast majority of transactions (like over 90% by size) are extremely small fee transactions (most under 10 sat/byte, 90%+ under 20 sat/byte)
Ignore those low fee transactions, and the mempool is under 8MB (and you can ignore them as long as you pay over 20 sat/byte, since miners will take the highest fee transactions first)
[0] https://core.jochen-hoenicke.de/queue/#24h