Quote from: Diced90 on May 17, 2017, 12:18:14 PM

Quote from: kvlolo on May 17, 2017, 12:42:17 AM

According to https://bitcoinfees.21.co/, it needs 420 satoshis/byte to get fast confirmations. Anyone know why the fees are going higher and higher?

Cost of doing business just got high and that suggested 420 satoshis/byte you will be paying is to speed things up for you

You don't have to pay it unless you want to join the waiting list which might take several hours for you and everyone else.

It's not same all the time. Right now there are 197k+ unconfirmed transactions and as the popularity is increasing so is the traffic. I think it'll be 500satoshi/byte when Bitcoin price reaches 2k. Need to find a solution about it.