From: Prayank <prayank@tutanota.de>
To: lf-lists@mattcorallo.com
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>,
lightning-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Removing the Dust Limit
Date: Mon, 9 Aug 2021 12:25:50 +0200 (CEST) [thread overview]
Message-ID: <MgeRbNh--3-2@tutanota.de> (raw)
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> As feerates have gone up over time, and as we expect them to go up further, we should be considering drastically increasing the 3 sat/vByte basis to something more like 20 sat/vB.
I have no opinion on changing or removing dust limit. However, fee rates are not going up. Yes, we expect them to go up and miners revenue from fees as well. Although, fees/day (in terms of BTC) has been decreasing in each cycle. Fee rates have been ranging between 1 sat/vByte to 200-300 sat/vByte, regularly reset to 1-5 sat/vByte and very low since long time now except when hash rate went down.
Fees per MB since 2016: https://i.imgur.com/XEkkf99.png
Highest in this cycle on April 19 2021: 2.5 BTC
Highest in previous cycle on December 18 2017: 10 BTC
It stays low all the time except few days in each cycle.
--
Prayank
A3B1 E430 2298 178F
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next reply other threads:[~2021-08-09 10:25 UTC|newest]
Thread overview: 6+ messages / expand[flat|nested] mbox.gz Atom feed top
2021-08-09 10:25 Prayank [this message]
2021-08-09 11:58 ` [bitcoin-dev] Removing the Dust Limit Karl
-- strict thread matches above, loose matches on Subject: below --
2022-03-12 13:02 vjudeu
2021-08-08 18:52 Jeremy
2021-08-08 21:14 ` Matt Corallo
2021-08-08 21:41 ` Oleg Andreev
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