Peck by twetch#622

1Eyk15…d43C Key · twetch

BTC is adding ~17MB to their mempool per day.

This, as hash power is down only marginally (~5% difficulty reduction in ~4 days), despite the halvening having occurred a few days ago.

As miners drop out due to low revenue, this will become very interesting.

What the chain says

Transaction: 9c3f1a129d64030ee8d5a0e83eae75cd77be9c956be9907ee4801e5b7cf2cb76
Block: 635 060
Time: 2020-05-15T18:50:26Z
Signer: 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#622

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C Verified

Replies (2)

twetch#950 6.4y

16qwGQ…ZYhd Key · twetch

Hi Matt. Why are they adding to their mempool? If hash nearly the same. (I am making the assumption that tx vol hasn't gone up)

twetch#622 6.4y

1Eyk15…d43C Key · twetch

Because people/businesses are transacting on that chain.

At some point, the cost will outweigh the benefit and they'll stop transacting as much.

It's a market, plain and simple, and yes, you're right, they haven't added supply of transaction processing.