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Author Topic: [Bitcoin]Naira Scarcity and BTC Mempool Congestion. How una dey survive?  (Read 2860 times)

Online Agbe

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #15 on: January 02, 2024, 12:47:25 AM »
ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.

Yes you are correct someone contacted me about the viabtc to help accelerate transactions but when i tried to do that i couldn't, I waited for the free time to come as usually said after 1 hours then someone can submit his txt id for acceleration.
I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #15 on: January 02, 2024, 12:47:25 AM »

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #16 on: January 02, 2024, 10:58:10 AM »
 Omor this scarcity of cash for this Xmas season  just day tiring, I Don they think am since why anytime e reach festive period, common thing we day used go day add price, cash no go day bank to collect, pos go day increase charges fee and it affecting the common man, using cash to still buy cash e day very bad and I no know weather we go blame our government or the masses way day follow make things difficult for the common man


Offline Igebotz

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #17 on: January 03, 2024, 10:32:35 AM »
I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.

We dey battle with Ordinals NFTs for BTC block space causing high gas fee and BTC network congestion, Ordinals don mint NFTs full for BTC network and are using their bots to spam the free ViaBTC accelerator to get their JPEG minted.
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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #18 on: January 03, 2024, 05:28:23 PM »
I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.

We dey battle with Ordinals NFTs for BTC block space causing high gas fee and BTC network congestion, Ordinals don mint NFTs full for BTC network and are using their bots to spam the free ViaBTC accelerator to get their JPEG minted.
nawao this kind thing. Bitcoin wey we dey take dey manage dey settle some kind of bills wey dey worry instant nai dis guys carry their wahala come spam di network wey dey worry people like dis. Dey even come to the extend of spamming di free ViaBTC wey we dey take dey manage accelerate our transactions. E be like shey dis people are there for something else. Well even at that we know shey everything go pass. Let's be patient with it. Dis can even help some us to hodle.

Offline Igebotz

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #19 on: January 06, 2024, 11:00:32 PM »
The mempool is less congested now, went from 154sat/vB to 38sat/vB since my last update Una fit dey run una tx now.

« Last Edit: January 07, 2024, 08:17:22 AM by Igebotz »
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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #20 on: January 07, 2024, 01:53:05 AM »
ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.

But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.

This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
I heard that the congestion don come down small and the transaction fee sef e don come down so now people fit go go back to their non custodial wallets and use them again. You know shey everyone wants to accelerate their transaction very fast so small open space dem go use am accelerate and make their transaction very fast. Well we thank God everything. At least people coin save in dis period.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #21 on: January 07, 2024, 12:36:49 PM »
But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.

This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
I heard that the congestion don come down small and the transaction fee sef e don come down so now people fit go go back to their non custodial wallets and use them again. You know shey everyone wants to accelerate their transaction very fast so small open space dem go use am accelerate and make their transaction very fast. Well we thank God everything. At least people coin save in dis period.

I just hope bitcoin developers go fit come up with something real quick to stop ordinals from spamming the bitcoin network. As transaction fee don come down no mean say e no go rise again. Make ordinals go build their own blockchain, run am the way dem want, we really see sege for their hands in the month of december.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #21 on: January 07, 2024, 12:36:49 PM »


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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #22 on: January 07, 2024, 11:01:16 PM »
December been choke because of the congestion and fees during the time be like say e reach times two.
I no know why things dey always dey harder when December or such kind of celebration season reach.
I know the kind small hell wey I see and as I been dey tell my friend, ordinals and most of the new projects on Blockchain dey very contributory to the palava of memepool congestion and hike in transaction fees.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #23 on: January 13, 2024, 10:32:15 AM »



A little congestion on the mempool, 80% fee increase from the last time I updated this thread. Sad news is that ViaBTC is still not accepting free tx acceleration at the moment still. Don't get stuck, always check the mempool before making transactions.
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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #24 on: January 13, 2024, 02:57:12 PM »
December been choke because of the congestion and fees during the time be like say e reach times two.
I no know why things dey always dey harder when December or such kind of celebration season reach.
I know the kind small hell wey I see and as I been dey tell my friend, ordinals and most of the new projects on Blockchain dey very contributory to the palava of memepool congestion and hike in transaction fees.
Ordinals come use style bring one kind hardship for we bitcoiners because you get bitcoin to sell cash out small funds to use hold body, e go turn to India fee because of high transaction fee based on the mempool congestion. If you be person wey no fit take the pain risk the high fee, na so your transaction go dey for the mempool because no miner to add am to the next block for confirmation. I no fit cry on the 28th wey I suppose travel my Btc transaction disappoint me and I just dey house dey try ViaBTC accelerator to see whether e go dey possible for me to add am join their free 100 transaction but no way. Na till on 30th na e I come fit travel. If una see the joy wey dey my body say my coins show for CEX, e be like say I win jackpot. As I dey so, I still get one transaction for my local wey never confirm for two weeks now but wetin I won do nothing, as I dey wait patiently for any mempool to add the transaction back to their next block. Ordinals make bitcoin transactions dey vex person.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #25 on: January 13, 2024, 03:02:48 PM »
Nigerians are very strong people in any situation we found ourselves we must survive, as for the mempool congestion it was meant to happen, when their are more unconfirmed transaction and more coming what do we expect, I think to solve this stuff is to improve on better transaction accelerators because if this eventually continues, it might lead to where new investors will be thinking otherwise, bitcoin is improving daily, ordinarily it's transaction processes are expected to improve too, this will enable it's smooth usage, how will be using an amount that you are suppose to hold or exchange to pay for a fee for fast processing of your transaction no matter how it sounds it is very annoying most times, every one is not meant to hold at the same time, though this is may thought.

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #26 on: January 13, 2024, 06:53:47 PM »
Naira scarcity no follow for the things wey dey worry me self because I can easily get cash from filling stations if I really need to use cash. The only time the thing trouble me na when I travel go village for the Xmas, omo it was not easy o, e remain small make person share him money with the POS operators.

With my card sha, I no get plenty problems... make money dey inside and we go dey ok. Na to get the robbers be the koko

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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #27 on: January 17, 2024, 01:09:00 PM »
Naira scarcity no follow for the things wey dey worry me self because I can easily get cash from filling stations if I really need to use cash. The only time the thing trouble me na when I travel go village for the Xmas, omo it was not easy o, e remain small make person share him money with the POS operators.

With my card sha, I no get plenty problems... make money dey inside and we go dey ok. Na to get the robbers be the koko

Na deliberate act wey CBN and banks dey run every Xmas period for their own selfish gains. Den dey make the naira scarce make POS and other money exchangers come dey buy from them to sell to the public. You no notice say everything concerning naira scarcity don end?
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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #28 on: January 17, 2024, 03:21:48 PM »
ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.

But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.

This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.

I don reason the matter seriously and as e be now e look like the transaction fee don increase again but no be as e  been dey before. You no go dey reason how much you want spend for fee compared to wetin you want withdraw. Just this morning I say make I check as network matter be for trust wallet based on say I want to make withdrawal. I try $10 wetin I see baffle me, the fee wey I see for trust wallet scare me . You can imagine say the fee Na $12 I see. Omo, I just adjust from them immediately because I no fit troway money like that na. E too expensive for me to do .
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Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?
« Reply #29 on: January 17, 2024, 10:25:00 PM »
~~~

Just this morning I say make I check as network matter be for trust wallet based on say I want to make withdrawal. I try $10 wetin I see baffle me, the fee wey I see for trust wallet scare me . You can imagine say the fee Na $12 I see. Omo, I just adjust from them immediately because I no fit troway money like that na. E too expensive for me to do .

Wait dem Dey fit adjust transaction fee for Trust wallet? I never really use that wallet for bitcoin before so I nor know the settings.

But hope say you know say TW nah closed source wallet? If at all I go say make you go download BlueWallet for your phone, he better pass say you Dey TW.

Concerning the fee – at the time of making this post the fee is:

Fastest Fee: 64 sats/vbyte
HalfHour Fee: 59 sats/vbyte
Hour Fee: 53 sats/vbyte
Economy Fee: 48 sats/vbyte
Minimum Fee: 24 sats/vbyte
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