mutatrum on Nostr: Inscription madness. Several blocks full of consolidation transactions, arpund 150 ...
Inscription madness.
Several blocks full of consolidation transactions, arpund 150 transactions fill a block:
They all consolidate 250 UTXOs of 294 sats each, but even with 1.78 sat/vB, they burn 40% on the transaction fee. Spend 30k to salvage 43k sats. Times many, many transactions.
I counted at least 500 of these transactions, but maybe many, many more, as I didn't dig into the rest of the mempool.
Oh well, miners be happy.
Published at
2024-10-01 21:02:26Event JSON
{
"id": "44ca506a71b470ec989114e5c2c76c14101a3c434428db9c1d51e1795551bc61",
"pubkey": "bdbe1bdbc9b25a8d89d8fdaf0be1a0dcd837bac9691f597892903a5fdd86e27f",
"created_at": 1727816546,
"kind": 1,
"tags": [],
"content": "Inscription madness.\n\nSeveral blocks full of consolidation transactions, arpund 150 transactions fill a block:\n\nhttps://image.nostr.build/7259b497e9b1a012cfc8b801648073f2e1349567f40ccd1b08915b5f7c95e89f.png\n\nThey all consolidate 250 UTXOs of 294 sats each, but even with 1.78 sat/vB, they burn 40% on the transaction fee. Spend 30k to salvage 43k sats. Times many, many transactions.\n\nhttps://image.nostr.build/d2d341ec816096f1e4dffe01c2bd437800674ef4f4385cc2ee8c51228d5d6a48.png\n\nI counted at least 500 of these transactions, but maybe many, many more, as I didn't dig into the rest of the mempool.\n\nOh well, miners be happy.",
"sig": "e4acf57e6546cd3c4db614d6be6389bec34f34fbbd8633eda1c8738bd35087bfe9f5ae85e166c607c27955180f49b58e88f4035dfdbf484cd9806c7c2ade7c39"
}
