The Bitcoin mempool is getting weird. 3 blocks in a row at over 500 sats/vByte.
Discussion
How are people even affording this‽
I know I sure as hell can't. I can't buy $100 of Bitcoin and pay $50 in fees. I can only assume they're selling Shitcoins.
I was going to buy some sats today but I guess I’ll wait
I have $100 on Gemini from gas rewards that I'd like to transfer at some point but I don't want to lose half of it in fees, so I guess I'll wait. I'm in no rush.
Yep things seem odd, but Odell says Bitcoin working as it should which I get but this is a very hyper accelerated fee period . Guess we’ll see how it pans out over time 🤷♂️
Things are working as intended, but the fiat price does not reflect the sats fees IMO.
Seems a good time to start mining, or?
It is. I brought my miners outside to the garage and cranked up the wattage today.
Binance is probably washing money