Post
Topic
Board Bitcoin Discussion
Re: How are Bitcoin transaction fees so low?
by
NeuroticFish
on 01/01/2022, 20:27:08 UTC
how is this remotely possible?

As said, what it counts is the size (bytes) of the transaction and how congested the network is.
Now, since people were partying, also week-end is here, the number of transactions sent to be confirmed is low, hence the miners can easily get to confirm even the minimum 1 sat/vbyte ones.
But no worries, the things should get closer to normal when working days start, and the mempool will get congested again when the price gets to move again big.