Very nice, so what happened to make the fees go down?
Anyway good chance I hope the fees stay this low for a long time, I have postponed all my transactions and it looks like I will get them done before the fees go up again.
The fees reduce because the congestion in the mempool has actually reduced. Looking at some of the few past blocks mined I didn’t see smaller transaction amounts like dust amounts which signifies that the ordinals and inscriptions users that have been disturbing us have reduce their mass transaction for now. Probably everything is going to be this way again until maybe after halving before we start seeing movement again because I believe they have just stopped to hodl for the future bull run after that we will see their transactions again.
greetings to all friends, last December was a pretty bad month for all bitcoin users and also those who actively transact with bitcoin because bitcoin fees were really suffocating, even the highest fee i saw reached $20, this caused a lot of topics to be discussed. discussing this phenomenon,
I don’t think it was actually everyone that hated the high transaction fee, at least not the miners, they enjoyed every bit of it if I am being honest because if you look at the transaction fees of last month it’s total for a block is more than the block subsidy itself. I don’t think miners didn’t enjoy it