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Mempool is over 200 megabytes. Binance is guilty.

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Mempool is over 200 megabytes. Binance is guilty.

I noticed a sharp increase in the mempool

https://preview.redd.it/mnr0kwqei00a1.png?589&format=png&auto=webp&s=ef48e6f8f7b08ff90c7e2c502a55d1e0f9a1aa4f

And yes, I know that only the size of the memepool matters to you. But mempool size is very important for my work. I receive a lot of small transactions and regularly collect all coins to one address, paying 1 satoshi for 1 byte of the transaction. Such a low commission allows me to collect coins from 300 exits for only ~ $ 8 at today's rate. But now the mempool has grown and I have to pay 20 satoshi for 1 byte of information, $160 per transaction! Or I will have to wait a very long time for confirmation of my transaction (several days or months).

I decided to figure out why the mempool grew so much. Looking at the list of transactions, I found thousands of similar transactions: all of them had 100 inputs and 1 output. Output-adress are always the same:

bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h

According to BitInfoCharts, this address belongs to the Binance.

https://preview.redd.it/msk2vixgi00a1.png?892&format=png&auto=webp&s=bce215f90380aceb1d05867d0df43ff5e788c85e

After exploring the transactions, I came to the conclusion that Binance does the same thing as I do: it collects all the coins from its many addresses to 1 address. but I do it regularly, and binance has a lot of addresses from which it has never collected.

For example, you can take the address

1G7Sdt9v9XukQFnpLDLJmpDgd9c7Xn2BUF

https://preview.redd.it/23b1kxzii00a1.png?660&format=png&auto=webp&s=0ab65bc987654653aa49c9dbf941a8a45dd04477

This address has received $5-$30 daily since 2/2/2022. Every day received and never spent until yesterday. And yesterday they started collecting coins from it on bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h. At the same time, I found a addresses not like this one, were regularly replenished, but after 1-3 days everything was transferred from them to bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h. It turns out that Binance regularly collected coins not from all the addresses of they clients, but only from a part. I admit that this was done so that it would be impossible to analyze how much BTC Binance have.

P.S. Binance, I hate you. Regularly at night and on weekends, BTC blocks could not fill up this year, and now you have lined up 200 blocks ahead and, apparently, you need at least another 60 megabytes. Instead of collecting little bits throughout the year and paying 1 satoshi per byte, today you paid 12 satoshis, which led to the fact that you paid 23BTC more fees than you should have.

submitted by /u/DogsFifthLeg
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