Mempool Observer - Discussion about Bitcoin Fees

[bitmover]

Just like in bitcointalk, I created this thread so we can observe the mempool.

This images always show the mempool in realtime:

Recommended fees:

Code: [Select]

[img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]

Code: [Select]

[img]https://bitcoindata.science/api/chart.php[/img]
Anyone can use those images, just use the codes above. Data  is always updated.

[tranthidung]

Anyone can use those images, just use the codes above. Data  is always updated.

Great tool and I like the chart as it summaries what's going on with Bitcoin transaction fee.

Welcome to [Huge List] Bitcoin Helpful Links/ Tools

I'd like to know did you use data from mempool.space to make this chart, as I recalled you did it with your previous tools.

Or you actually run your Bitcoin full node 24/7 and use it for your tools nowadays?

Do you want to host something like https://mempool.jhoenicke.de/#BTC,24h,weigh
It's open source code.

[Yamane_Keto]

I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?

Your charts are helpful and I will use them in the future. The code is simple, thank you.

Welcome to [Huge List] Bitcoin Helpful Links/ Tools

with such lists we will have a new Ratimov

[tranthidung]

I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?

Only Mining pools can add their own transactions without any fee, 0 sat/vbyte is possible but as normal Bitcoin users, you can not use that fee rate and get confirmations nowadays.

with such lists we will have a new Ratimov

Ratimov/ Symmetrick is not here and in Bitcointalk, already RIP.

Don't bring the saga back and it even does not belong here. Also I am not him.

[bitmover]

I'd like to know did you use data from mempool.space to make this chart, as I recalled you did it with your previous tools.

Or you actually run your Bitcoin full node 24/7 and use it for your tools nowadays?

I still use data from mempool.space, they have an amazing API
https://mempool.space/docs/api/rest

I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?

I think you are correct. I will fix that! Coinbase have 0 sat/vbyte fees

[examplens]

That is a tool, nice work again 

I don't know if you may have overlooked it, but it would also be handy to display the time on a horizontal line on this chart. It would make reading the chart much easier.

also, not sure why don't you add a source (bitcoindata.science/API for example) to your graphics, maybe even a link if possible.

[bitmover]

That is a tool, nice work again 

I don't know if you may have overlooked it, but it would also be handy to display the time on a horizontal line on this chart. It would make reading the chart much easier.

Yeah, this is needed.

I will add you axis labels,  probably the date for each day. This is still a work in progress.

also, not sure why don't you add a source (bitcoindata.science/API for example) to your graphics, maybe even a link if possible.

Good idea! I will do that!

[Don Pedro Dinero]

It's crazy about the mempool and fees these days. They had finally come down to about 30 sats/vByte and between Saturday and Sunday 100,000 transactions were dumped on the mempool, raising the fees above 200 sats/vByte. Since then it seems that nobody is spaming the mempool and both pending transactions and fees are gradually dropping, but it has seemed like a roller coaster over the last few days.

[dkbit98]

Can we adjust the size of image and make it smaller?
Maybe forum administration can add your mempool observer tool in top right corner or somewhere in the page bottom.
This can be optional settings selected from profile page settings, and fees for other altcoins can also be included.

[bitterguy28]

It's crazy about the mempool and fees these days. They had finally come down to about 30 sats/vByte and between Saturday and Sunday 100,000 transactions were dumped on the mempool, raising the fees above 200 sats/vByte. Since then it seems that nobody is spaming the mempool and both pending transactions and fees are gradually dropping, but it has seemed like a roller coaster over the last few days.

Its not just for few days but since last year december that the mempool is roller coaster I manage to customized my fee once  and confirmed faster and the next time i tried it stocked up to 5 days same sats/vByte that i used , We don't know till when this will run because we have had this in the past but not as long as we are experiencing now , even the free acceleration from viaBtc is been abused by Bot that we cannot use their free service as its always slots full

[Yamane_Keto]

I think you are correct. I will fix that! Coinbase have 0 sat/vbyte fees

Did you make any changes? It doesn't appear for me.

Code: [Select]

[img]https://bitcoindata.science/bot/chart.php[/img]I did not imagine that we would see a minimum fee of 23 satoshi, so the situation began to improve from mid-November.

[examplens]

Did you make any changes? It doesn't appear for me.

The tool is designed so that the image always shows the current fee. The moment you reloaded the page or post where it was shared, regardless of when it was posted. Also, you don't need to use the "code" tag.
So for example, this (posted without a code tag)

Code: [Select]

[img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]
will show like this (you will see that the same values are here and in the first bitmover's post)



I suggest you visit https://bitcoindata.science for more info

[bitmover]

Did you make any changes? It doesn't appear for me.

The tool is designed so that the image always shows the current fee. The moment you reloaded the page or post where it was shared, regardless of when it was posted. Also, you don't need to use the "code" tag.
So for example, this (posted without a code tag)

Code: [Select]

[img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]
will show like this (you will see that the same values are here and in the first bitmover's post)



I suggest you visit https://bitcoindata.science for more info

I made some changes in the chart, as you suggested @examplens. Now I added my domain name, I will also add the dates in the x axis soon.

You can check in the OP

[examplens]

I made some changes in the chart, as you suggested @examplens. Now I added my domain name, I will also add the dates in the x axis soon.

You can check in the OP

I saw the changes, it's a good direction.
It might be useful to have one horizontal line that will mark the entire length of the chart, for example, 40 sat/vb. Somehow we all agreed that the 40 sat/vb fee is acceptable as usable. It would be easier to follow because a little while ago there was a short jump to 360, which significantly affects the appearance of the chart.

[Litzki1990]

The sat/vB was limited to 30 to 40 for a while but today when I monitor Mempool the sat/vB minimum is showing above 60.  For some time now it has been well observed that Mempool is fluctuating between 30 and 40 but Mempool is above 60 and may increase further in next few hours from now. Minimum sat/vB if bitcoin transfer now still costs 5 to 6 dollars in transaction fee.