Post
Topic
Board Bitcoin Discussion
Re: What's the average fee you guys are paying for transaction these days?
by
LoyceV
on 17/11/2017, 22:09:21 UTC
If only people would stop competing to pay the maximum fee, fees wouldn't be so high!
https://btc.com/stats/unconfirmed-tx now says 150 Satoshis/byte is enough to be included in the next block. The moment blocks are full, this jumps to 400, and then quickly continues to 600. Last weekend, it reached more than 1000!

The problem here is: no matter how much you pay, blocks are still full! I only use a high fee if I'm in a rush, yesterday I made a transaction with less than 30 Satoshis/byte, it took 12 hours to confirm.
If you let your wallet set the "best" fee (and most wallets do this by default now!), fees can spiral upwards very quickly. Set your own fee to stay in charge.