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102 sats \ 5 replies \ @0xbitcoiner OP 18 Sep \ parent \ on: Measuring minrelaytxfee across the Bitcoin network bitcoin
Not sure if I’m mixing it up with something else, but wasn’t the option to set fees below 1 sat only made available from a certain version of Bitcoin Core? Any idea how much miners are making just from transaction fees? Maybe it’s not that much. Or maybe the ones who don’t accept fees under 1 are just filtering out dust.
Didn’t know the article author was on SN. Props to you, @daniela, great work!
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223 sats \ 0 replies \ @Murch 18 Sep
No, the configuration option has been available for a very long time, and there had been some users already that generally accepted transactions even with zero fees. The big change was that suddenly miners started confirming transactions below 1 s/vB, which lead to the default value for minRelayTxFee to be changed in Bitcoin Core 29.1 and Bitcoin Core 30.0.
The average transaction fees per block were about 0.03 BTC in the past week, or about 0.9% of the total block reward.
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33 sats \ 3 replies \ @Scoresby 18 Sep
Core 29 lowered the default, but I believe it was always a config option to lower it.
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0 sats \ 2 replies \ @0xbitcoiner OP 18 Sep
Someone dropped some stats here on node versions, but I can’t find it now. If I remember right, not many were on v29. Could be that, or maybe I’m just oversimplifying?
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223 sats \ 1 reply \ @Murch 18 Sep
v29.0 still had the old default, the recent point release v29.1 dropped the minimum relay transaction feerate to 0.1 s/vB.
According to Clark Moody’s dashboard, about 6.6% of listening nodes are now running Bitcoin Core 29.1.
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21 sats \ 0 replies \ @Scoresby 18 Sep
Ah! Thanks for the detail. I probably should have looked it up.
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