Are mining pools colluding on transaction fees?

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tom51Full Member
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#1Aug 15, 2019, 08:57 PM
So I was browsing a mining stats site and spotted something odd. ViaBTC mined a bunch of blocks lately, 54 out of 94 weren’t full. That’s over half not filled.
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gang2015Member
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#2Aug 16, 2019, 12:03 AM
F2Pool is in the same boat. Out of 112 blocks they’ve mined, 68 were not full. Like, what’s going on with that?
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planktonHero Member
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#3Aug 16, 2019, 05:20 AM
SBI Crypto is even worse, 13 out of 20 blocks mined were incomplete. And Ocean pool isn't far behind, just 6 out of 10 filled!
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pr0to88Member
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#4Aug 16, 2019, 07:53 AM
I noticed that blocks from these pools often skip certain transaction types. It looks like they refuse to take transactions with very low fees like under 1 sat/vB.
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cyberaltMember
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#5Aug 16, 2019, 11:28 AM
Yeah, it’s about time they do that. Letting fees drop to nothing doesn't help anyone really.
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wallet_vaultFull Member
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#6Aug 16, 2019, 01:25 PM
Not a cartel move, just them realizing they need to make some changes.
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v3ct0r365Member
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#7Aug 17, 2019, 09:39 AM
There's a thread here about low fees if you wanna check it out. I even managed to get fees as low as 0.5 sats.
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gang2015Member
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#8Aug 17, 2019, 10:08 AM
Something’s definitely off with the network's dynamics lately.
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wallet_vaultFull Member
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#9Aug 17, 2019, 01:28 PM
Totally agree, I sent a TX and F2Pool didn’t mine it because it was under 1 sat/vB. My mistake, should've known better.
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dave.forkMember
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#10Aug 17, 2019, 04:11 PM
If they keep this up, they’ll end up with empty blocks or need to accept lower fee transactions.
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im_cobraFull Member
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#11Aug 17, 2019, 08:34 PM
Mining sections should be more active about this. These pools are just ignoring low-fee transactions because they can.
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dave.forkMember
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#12Aug 18, 2019, 12:39 AM
That’s a good point. If most miners start rejecting low-fee TXs, they might make a bit more in the long run.
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pr0to88Member
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#13Aug 18, 2019, 04:53 AM
But would they really? A lot of low fee transactions would probably disappear altogether if the minimum goes up.
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im_cobraFull Member
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#14Aug 18, 2019, 07:37 AM
Yeah, but I doubt many people are using BTC regularly for small transactions.
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dave.forkMember
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#15Aug 18, 2019, 10:46 AM
Exactly, we’re nowhere near the transaction volume needed to justify those fee increases.
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tom51Full Member
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#16Aug 18, 2019, 01:44 PM
Bitcoin's already pretty cheap compared to Ethereum and others. The fees aren't gonna get much lower.
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wallet_vaultFull Member
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#17Aug 18, 2019, 06:01 PM
Right now it's cheap at 1 sat/vB, but it might become more costly for certain uses like consolidation.
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gang2015Member
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#18Aug 18, 2019, 09:26 PM
Chill out. I lost access to my email for this account, so I miss replies sometimes.
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tom51Full Member
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#19Aug 18, 2019, 11:50 PM
I think miners are purposefully keeping fees low to fill their blocks, even with all the spammy transactions.
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wallet_vaultFull Member
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#20Aug 19, 2019, 03:06 AM
I’ve seen estimates suggesting there's a ton of spam transactions, like a million every week.
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