A monero block was mined recently with 0 transactions in it

That happens on Bitcoin now and then too, fwiw

Monero is averaging 30k transactions per day right now but blocks are random on a two minute average and it's not uncommon for a block to be mined immediately after another before any transactions are included in it. Monero has no transaction backlog right now. It can accommodate a pretty high transaction throughput so it has room to grow, and is showing growth.

Good info, didn't know what kind of volume it did. And yeah, empty blocks happen often enough, due to how miners optimize searching, sometimes immediately after previous block, at which time they don't yet include txns and are content to trade off speed with fees. If I understand correctly

If you run a miner you can watch the pending transactions coming in. Because there is no backlog the entire mempool gets included in the next block, so the mempool is then empty for a couple seconds as new transactions begin to trickle in.

Yeah, my understanding is when new block hits you are better off starting to line an empty block than figure out what txns to include before you start searching. A short time after you can build non empty and try for fees.

So Monero fees are interesting, because since the blocks generally aren't completely full and there's no transaction backlog, you can pay virtually no fee and be included in the next block. Most wallet software however tends to badly overestimate fees and people overpay all the time. The coinbase reward is 0.6XMR, but you sometimes see blocks containing total fees up to 0.025, a significant addition to the reward, while other blocks contain virtually nothing for fees.

Not the same lmao there isn’t a lot of demand for monero

You finally back ! 💯🌊🏄‍♂️

Have fun watching it 😘 Monerospace.org #Monero, because privacy is a human right 🥰

6 transactions in the last block

Good it's still working!

Whatever you say lol

The best part is that I can reveal my payment address to you without revealing any of my financial activity 43sThEBruwWaqt57MCFuVPMzn6nBGAd2jTroiVGEjaMZLiRrDeZKXmHTMeV6BTfg6fcmgsqDRPbWvTzwEwUa8AqWBaBUDhW

But I don’t give a fuck about your financial activity so why would you share that with me