Post
Topic
Board Speculation
Re: Have the fees gone down?
by
Baofeng
on 23/02/2018, 03:05:39 UTC
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

Yes, the fees has been down. Mempool is not that clogged and the unconfirmed transactions is down between 3K-4K at any given time. One reason for the dramatic downturn is that the network spammer has suddenly stop.

Segwit though is not yet accepted by big exchanges but soon they will like Coinbase. And we all know that exchanges are one of the biggest network spammer as well but most of them have withdrawals in batch, which also help alleviate the network congestion.