Great question! Think of Bitcoin’s mempool like a waiting room for transactions.

When you send Bitcoin, your transaction doesn’t go through instantly. It first waits in line in the mempool until a miner picks it up and adds it to a block. If there are too many transactions at once, the mempool gets crowded, and fees go up because people are willing to pay more to get their transactions confirmed faster.

Right now, the mempool is almost empty, which means transactions are going through super fast, and fees are really low. It’s like logging into your favorite online game and seeing zero queue time—you’re in instantly!

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Discussion

Thank you so much for the explanation. But isn't that bad for the miners?

Somebody gets it.

I actually don't get it at all 😄

Most of the value miners get is currently from the block subsidy. It takes a pretty high fee environment for the fees to outweigh the block subsidy. But yes, miners will make less sats if there aren't many transactions waiting to clear and therefore bidding up the fees.

However, as people notice how cheap it is to transact right now, it will naturally attract people who have been waiting for low fees to do some regular maintenance type transactions. You'll see more people opening lightning channels, consolidating their UTXOs, or migrating their wallets to better security setups, like going from single-sig to multi-sig.

QUALITY answer my friend!

Just checked her bio and saw that she was a 16 yrs old gamer 😂

Doubtful. No #shoeonhead verification and AI generated profile pic, so... Probably a 40 yr old + dude.

Haha true but had to do it 😂

The info is good to have out there, regardless.