Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fees lower than alts
by
jrrsparkles
on 12/05/2021, 07:37:10 UTC
Mining network back in the action so the huge clog of 200K transactions were abled to clear in the last few days not the network back to normal which may need 40-50sat/byte for a transaction when the network is highly spiked up but yes earlier today the 3-4 sat for the fastest transaction remains for very long time for the users to make cheaper transactions.

Each coin's transaction price is going to get more expensive in the fee when the more transactions are created at the same time.

Was that just fora short period of time? When I last checked the transaction fees they were still double digit. I thought about depositing BTC at an exchange but no was too expensive.
It was in 4sat/byte for few hours but now the fee was higher still its not going to take too long since the Mempool has only about 10 to 15K unconfirmed transactions which will be cleared in few hours unless the users keep pushing the prices higher and higher.