Monday, 17 August 2020

Should the bitcoin reference implementation consider lowering the min-relay fee to 0.500 SAT/vbyte?

With the mempool emptying daily, there is plenty of opportunity for TXNs below 1.000 SAT/vbyte to clear. Unfortunately, although it is configurable, most nodes take the default config as gospel so low fee TXNs don't propagate through the network to the miners.

Why not have allow lower fee TXNs into the mempool, or make the floor more dynamic like:

if(mempool.size < _10_MB) { min_relay_tx_fee = min_relay_tx_fee >> 1; }

Just seems like eventually, if the market price keeps rising, that it might make since to lower the floor to give miners more TXNs to choose from. I'm sure a miner would prefer a low-fee pool to an empty one.

submitted by /u/brianddk
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