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TheBitcoinManual 1y ago

Mempool looking chill after OKx doing some UTXO spring cleaning with

- 2385 transactions

- spending 357092 inputs

- consuming 103 MvB

- 246.65 s/vb avg fee rate

- cost 254.28 BTC in total fees

- (17.6 million USD in fees 🤯)

- recouped 1738.26 BTC

https://coinedition.com/okx-backlog-snarls-bitcoin-transactions-fees-surge/

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Nunya Bidness 1y ago

No one died so a Darwin Award can't be given but, damn . . . there should be some kind of award for this level of dumbassery.

nostr:note152vd5rp8dychc4exmwa46h2r6fwmvk4dzwq7d3e4ex6fukryjsss6yh7kk

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Nunya Bidness 1y ago

Paid ~15%.

Holy moly.

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TheBitcoinManual 1y ago

Lol you telling me you're an exchange and paying 254 BTC in fees was the better option than hiring a dev to run scripts to stagger these transactions?

Pretty sure they could have saved over 200 BTC easy

Make it make sense

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Nunya Bidness 1y ago

It's never going to make sense.

Not ever.

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Slimey Limey 1y ago

Good article. I’ll plug the s9.

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TheBitcoinManual 1y ago

Cold have netted some sweet blocks, some fees were more than the subsidy

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Robertrobert 1y ago

OKx not OK. Learned a valuable lessen…maybe.