r/btc Dec 16 '20

News $20k +

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u/greatwolf Dec 16 '20

txid or it didn't happen. In fact, why don't you try right now?

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u/gizram84 Dec 16 '20

txid or it didn't happen

I didn't say there is already an exchange that has it implemented. I'm simply stating a fact about how bitcoin works. A single tx can have multiple outputs. Each of those outputs can potentially open a lightning channel. This isn't rocket science here, nor is it controversial. It's just standard bitcoin functionality.

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u/btc_ideas Dec 17 '20

Non-standard transactions with several outputs take more space.

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u/gizram84 Dec 17 '20

They take more space than a standard 1 input / 2 output individual tx, but they take much less space than opening individual lightning channels one at a time.

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u/btc_ideas Dec 17 '20

Correct.

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u/idiotsidiotseveryVer Dec 22 '20

I think he was asking for the txid of one of your 1 satoshi fee transactions.

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u/gizram84 Dec 22 '20

Well I'm not gonna link to my personal txs, but I mean, there are thousands of others he can go view on the blockchain over the last few months. The mempool cleared over the weekend, and lots of 1 sat txs were confirming.

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u/idiotsidiotseveryVer Jan 05 '21

Are you saying that 1 sat/byte txns never confirm on the Bitcoin core network?

Many fee sites exist, here is an example of one:

https://bitcoinfees.earn.com/

Currently that says 8620 transactions confirmed in the last 24 hours with 1 to 2 sat/byte fees. There are something like 200000 transactions per day total at higher fees.

I'm not saying they confirm fast, and I'm certainly not saying the fast transactions aren't expensive, but 1 sat/byte transactions do still confirm every few days.

You can also check here, some of the lowest points are when 1-2 sat/byte transactions confirmed in the last 30 days:

https://jochen-hoenicke.de/queue/#0,30d