Call for nodes reconfiguration: minrelaytxfee=0.00000001
The minrelaytxfee default value of 1000/kvB (1 sat/vbyte) has been set in Bitcoin nodes since 2013 or earlier. In 2013, 1000 sats were priced at $0.01, today it is about 100 times more. Wouldn't you like to consider adjusting your node configuration and lower the hurdle, perhaps? I would suggest setting minrelaytxfee=0.00000001 (which translates to 0.001 sat/vbyte) as a rule of thumb. The value could be set in a bitcoin.conf file. There is negligible number of such reconfigured nodes relaying transactions with fee-rates below 1 sat/vbyte currently.
There is the intention to unblock transactions with fee-rate below 1 sat/vbyte in Bitcoin. Probably consolidation and multisig types of transactions would benefit the most.
Published at
2025-01-31 10:10:15Event JSON
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"content": "The minrelaytxfee default value of 1000/kvB (1 sat/vbyte) has been set in Bitcoin nodes since 2013 or earlier. In 2013, 1000 sats were priced at $0.01, today it is about 100 times more. Wouldn't you like to consider adjusting your node configuration and lower the hurdle, perhaps? I would suggest setting minrelaytxfee=0.00000001 (which translates to 0.001 sat/vbyte) as a rule of thumb. The value could be set in a bitcoin.conf file. There is negligible number of such reconfigured nodes relaying transactions with fee-rates below 1 sat/vbyte currently. \n\nThere is the intention to unblock transactions with fee-rate below 1 sat/vbyte in Bitcoin. Probably consolidation and multisig types of transactions would benefit the most. ",
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