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Monday Mining Metrics: Unconfirmed TX's Stacking in Mempool
Bitcoin Mining Update - 11/20/2023
4% Projected Difficulty Increase
After starting the epoch with a negative forecasted difficulty adjustment, blocks have begun to come in faster than the 10 minute target, which means that difficulty is due to increase for the sixth consecutive time.
Transaction fees have remained persistently high and the mempool continues to accumulate unconfirmed transactions.
This type of fee environment will bode extraordinarily well for Bitcoin miners. Users looking to have low-fee transactions placed into blocks may have missed their opportunity. Bitcoin is the most secure financial settlement network in the world; with limited block space coupled with increasing demand for access to the network means users have to pay more.
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