3rd Update: Pool hit 492K, a new high and 120K dump in 24 hours, or 25% of total average bandwidth. Sum Tin Wong.
2nd Update: Pool just hit 482K. The all-time high was 485K in May.
Update: Pool just hit 450K. Wow. Only 360K transactions today, no reason for a 60-70K increase unless miners are rejecting low-cost transactions. Or can't handle them.
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Prelude to our on-going saga...
Bitcoin mempool now in the 380K range, which translates to a 5% transaction loss.
There's definitely a systemic change in behavior. There was enough unused bandwidth this week to draw down 300K, but it didn't happen. Of course, executing 13-day old transactions would shoot the average confirmation time into the stratosphere to perhaps 150 hours, double the previous high. So maybe that's bad advertising, haha.
Notice that a crash in price and demand ended the mempool losses in two previous periods. This cycle is twice as high so far.
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