Quote from: Betwrong on May 26, 2020, 05:17:32 PM

Quote from: stompix on May 26, 2020, 08:46:56 AM

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Now I see. Thanks for the explanation!

But still ... I just checked the last 10 blocks, and most of them have around 1 BTC or above in transaction fees. So we can't say, at least these days, that "fees are just a small part of the reward", right?

Of course, it pales in comparison, for example the maximum in fees this month was around here

Quote

14 May from 00>24 114 Blocks > 145.5926338 in fees
Last 24h (this was on may 18th, 127 Bloks > 123.5550215

Comparing with 2017, with 1276.387354 in 24 hours, 60% of the reward.
Now the best we did was around 10-15%

The only difference is that what was then a huge income on an already huge reward is now offering a breathing with hundreds of miners clicking to cents when it comes to revenue.

Quote from: FanatMonet on May 26, 2020, 09:26:42 PM

Miners logically should slightly increase the commission, because their number has decreased after halving, which means that transaction processing may take longer than before. Therefore, the growth of the commission was quite expected.

Miners don't have a commission and they have no way to impose one.

Quote from: philanthropist67 on May 26, 2020, 05:29:46 PM

I still have no idea of how this fee system works in bitcoin. Sometimes minimum transaction fee is 1.1 usd while at times its 0.5 usd. It's very complex, will be happy if somebody can teach me this in simple words.

As simple as possible.
There is a limited amount of blocks that are mined daily with limited space for transactions.
When there are more transactions waiting to be confirmed than space the ones with higher fees get in the ones with lower fees not.

Think of it like the scalper thing, there are no tickets resellers when the stadium is empty, but at the Superbowl you pay three times the price to get in.