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Spike of bitcoin transaction fees...any way to figure out what happened?
146 sats \ 6 comments \ @Signal312 26 Mar bitcoin
This is what the fees looked like yesterday - there was a spike to around 30 to 50 sats/vByte from around block 889415 to block 889437. It's pretty prominent, fees in general have been very low.
Is there any way of figuring out what specifically caused this?
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191 sats \ 0 replies \ @justin_shocknet 26 Mar
At a glance, it looks like miners averaged only 3.5 blocks per hour during that span, which is below the target of 6... that means less block space being bid on in that short time frame.
Cause for that could be a lot of hash went offline temporarily, or simply just variance.
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135 sats \ 2 replies \ @SwapMarket 26 Mar
Runes.
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0 sats \ 1 reply \ @Signal312 OP 26 Mar
Oh cool, thanks!
How can I learn a little more about how to figure this out? Is there a way to search for it, like in mempool.space?
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34 sats \ 0 replies \ @SwapMarket 26 Mar
yes, at mempool.space filter with mempool gogles
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88 sats \ 1 reply \ @Wumbo 26 Mar
One would have to try to determine the address being spent from and the infer from that data who the owner is.
Example: Maybe it was a betting market paying out NCAA tournament bets.
FYI: there is a mempool territory. https://stacker.news/~mempool
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0 sats \ 0 replies \ @Signal312 OP 26 Mar
Oh, thanks, I didn't notice that territory.
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