What would the fee of .0001 BTC mean Tony?
I’ve never understood the sat/vb fee thing🤷🏻♂️
Bitcoin mempool now holds ~690MB of transactions, while getting into the next block only takes 5 sat/vbyte.
Most nodes drop transactions with fees < 3 sat/vbyte https://mempool.space/
Monkey JPEGs NGMI 🙈
Discussion
Because you pay fees according to the data you brodcast to the network ?
So it's units, sats per vb
Check out this thread. It explains the difference between bytes and vbytes: https://bitcoin.stackexchange.com/questions/89385/is-there-a-difference-between-bytes-and-virtual-bytes-vbytes#89418
Thank you 🙏🏻
Some transactions take more space than others, depending on a few factors like if its a native segwit transaction, how many UTXOs had to be used, how many outputs there are. You could have a block that only fits 100 transactions, and another that fits 3000, just due to the size of the transactions; so miners price things per byte (v-byte, see segwit) to get maximum fees per block. 1 transaction that takes 250kb but only pays .000,01B isn't worth 100 transactions that take 2.kB and pay .000,001B each.