Quote from: stompix on April 30, 2017, 12:16:11 PM

Quote from: Amph on April 30, 2017, 05:29:07 AM

Quote from: Wapinter on April 30, 2017, 12:49:24 AM

Quote from: Amph on April 26, 2017, 08:04:40 AM

remember that are not the miners that make the fee, they could accept even the lowest fee if everyone was using the lowest one and reducing the average, it's up to the peple that decide what fee to use

if for example everyone start now to lower his fee the average would be like the old 10k satoshi per transaction, but instead everyone is rushing to have his/her transaction prioritized and this is increasing the average, miners have no fault here

Due to increasing difficulty,bitcoin mining has become a expensive affair.If there is no reward for miners which can not only cover mining cost but also give them good profit, noone will mine btc anymore.
No mining means death for bitcoin.

mienrs have plenty of profit with the current reward and value of each coins, they don't need any fee actually that is a premium for them now, but since they are greedy they alwaays want more

just do the math for yourself, there are 1800 coins mined each day, this is $2M in revenue, the cost of electricity is around 1/4 $500k per day, plenty of room for profit

Juts taking a look at the last blocks.
Fees are creeping up close to 10% of the block reward.
If the situation goes and we have no change in block size/ln or anything else by the next halving the transactions fees will be larger than the block reward.

And if miners are really greedy they might do some nasty moves like not accepting transactions with fees below x, a real ~~banking~~ bitcoin cartel from a to z.

What? Transaction fees will be larger than the block reward? That is kind of an insane number.
No one will support or use bitcoin anymore with that kind of number.
We know bitcoin is getting more expensive and who would want to make a transaction which is even more expensive than how much you will send.
They will be looking for another option if that happens.