Transactions in mempool fell off a clif?

[Coose365]

Anyone have an idea of why txn count has fallen so hard recently? it hasn't been anywhere near this low in over 6 months.

https://mempool.jhoenicke.de/#BTC,1y,count

https://mempool.space/mempool-block/0

[FinneysTrueVision]

A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens. The hype for Ordinals has also declined significantly. These NFTs and token minting were taking up a majority of blockspace but now that user interest has plummeted it alleviates the mempool backlog and reduces fees for monetary transfers.

[joniboini]

If you take a look at the all-time mining history, the spike in transactions followed by a significant decrease is not surprising.

I second the opinion that the recent one is affected by the BRC tokens, but it is possible that the BTC price movement also affects it to some extent. I don't think you need to be worried about it as of now, considering people still mine even before BRC tokens were a thing. CMIIW.

[albert0bsd]

A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens.

I wonder what if thet start to mint another shittoken 

If they alrady made some profit with previous experiment, do you believe that they will stop there?

[philipma1957]

A BRC-20 token called Sats which launched earlier this year finally finished minting all their tokens.

I wonder what if thet start to mint another shittoken 

If they alrady made some profit with previous experiment, do you believe that they will stop there?

it is more complex then that.  Viabtc has been paying 104 to 105% due to the excess tx numbers

they have dropped to 99% so about 0.06 x 6.25 = 0.3750 coins per block are gone.


stretch it out to 144 blocks  and that is 54 btc not going to miners per day . about 1.458 million a day lost to miners. Thus miners are dropping like flies at the moment.

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   810677  (5 minutes ago)

Current Pace:   96.7699%  (246 / 254.21 expected, 8.21 behind)

Previous Difficulty:   57119871304635.31                           
Current Difficulty:   57321508229258.04                           
Next Difficulty:   between 55524956869361 and 56899621903499
Next Difficulty Change:   between -3.1342% and -0.7360%
Previous Retarget:   Yesterday at 3:56 AM  (+0.3530%)
Next Retarget (earliest):   October 17, 2023 at 6:30 AM  (in 12d 8h 12m 5s)
Next Retarget (latest):   October 17, 2023 at 3:09 PM  (in 12d 16h 50m 48s)
Projected Epoch Length:   between 14d 2h 34m 12s and 14d 11h 12m 54s


3.3% of 410 eh is 13.53 eh or about 100,000 s19 xp's off line.