Post
Topic
Board Bitcoin Technical Support
Merits 3 from 3 users
Re: [AUG 2018] Fees are low, use this opportunity to Consolidate your small inputs!
by
Carlton Banks
on 22/08/2018, 12:46:41 UTC
⭐ Merited by TheQuin (1) ,LoyceV (1) ,BitCryptex (1)
Relevant information:

Default fees are proposed to be lowered in Bitcoin 0.18.0

Basically, the minimum will drop from 1sat/vbyte to 0.2sat/vbyte.

0.18.0 is scheduled for release in March 2019, which assumes nothing delays the release. And it may take time for the full effects be felt on the network, as miners may still refuse transactions less than 1sat/vbyte for a while (until a large enough backlog of < 1sat/vbyte transactions develops, I should imagine). Maybe this time next year we could be celebrating even cheaper fees Cheesy