What is Nostr?
pkt / Peter Todd
npub1ej4…ndrm
2024-03-15 11:27:47

pkt on Nostr: Good example of the economics of a replace-by-fee-rate replacement: ...

Good example of the economics of a replace-by-fee-rate replacement: https://mempool.space/tx/2506c63f693895c723a7930e264d12dfa3767901f7e3ad2d1278c84d42bf3762

While the absolute fee dropped from $82 to $3, the fee-rate increased from 5sat/vB to 18sat/vB:



F2Pool mined a block with a minimum fee of 10sat/vB. So the truth is the $82 was worthless to them. Much better to take the $3 now; a 5sat/vB transaction might never be economical to mine.

Note that I have no reason to think that F2Pool is running Libre Relay. This kind of situation happens periodically simply because mempools aren't a consensus, so they aren't always consistent. Of course, it helps that a few dozen Libre Relay nodes are out there relaying RBFR replacements when they happen; I know that at least some Libre Relay nodes are directly connected to F2Pool.
Author Public Key
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