With the mempool so low I decided to sweep a few keys and used fees of between .1 sat/byte and .029. They all were confirmed within 2 hours. What are your theories for the recent collapse in the mempool?
Some obvious possibilities are:
- Abatement of spam attacks
- Users restricting use to high value transfers (not realizing low fees can be quickly confirmed). The evidence doesn't seem to support this theory. https://blockchain.info/charts/estimated-transaction-volume
- Users migrating to alts (ETH transactions/day are up over 700% this year and now exceed BTC)
Thoughts?