#Bitcoin #mempool struggles
Discussion
How to support poor #Bitcoin miners? Just bump the #fee a bit.
20 #BTC per transaction seems quite #fair.
https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd
For anyone wondering how a 20 #BTC fee on a fairly small transaction looks like
https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd
Even saved 24%
My question is, why did that transaction cost so much?
The sender (you) always sets the fee. You can choose to pay 1 or 10 #sats per vB or even a whole #bitcoin per vB, if you feel like it. This person decided to set it to 8.2 M/vB.
Weird that they would set the fee that high. Doesn’t make any sense to me.
What’s vB?
It doesn't make sense, unless somebody (the miner who found the block) wanted to burn the #sats and recreate new ones - all paid fees are getting burned and the miner creates new ones. Sorry, can't find any link explaining it, RN.
As for your question: a Virtual byte. https://bitcoin.stackexchange.com/questions/89385/is-there-a-difference-between-bytes-and-virtual-bytes-vbytes