Let’s talk about the mempool.
When the mempool is full, nodes will first clear out transactions with the lowest fee rates. Transactions with fees that are too low may be pushed out of the mempool.
To be honest, I hadn’t paid attention to this before either: check the current fee market before sending Bitcoin and set your fee rate accordingly. If it’s too low, you might have to wait a long time.
$BTC Fees are generally quoted in satoshis per virtual byte (sat/vB). The higher the fee rate, the sooner miners are likely to select your transaction. Current price: 74690.01.
Understanding how it works can help you avoid pitfalls, but it can’t replace risk management.
#BTC
When the mempool is full, nodes will first clear out transactions with the lowest fee rates. Transactions with fees that are too low may be pushed out of the mempool.
To be honest, I hadn’t paid attention to this before either: check the current fee market before sending Bitcoin and set your fee rate accordingly. If it’s too low, you might have to wait a long time.
$BTC Fees are generally quoted in satoshis per virtual byte (sat/vB). The higher the fee rate, the sooner miners are likely to select your transaction. Current price: 74690.01.
Understanding how it works can help you avoid pitfalls, but it can’t replace risk management.
#BTC