Post
Topic
Board Bitcoin Technical Support
Re: Any means of combining multiple output into 1 ?
by
Findingnemo
on 17/01/2024, 21:39:57 UTC

If the price of Bitcoin dumps, shouldn't we get lower fees ?
Even if it goes up for a few more months or even years who knows, there's a point where we will get small tx fees.


The fee we set for our transaction is decided by the traffic on the mempool at the time which can be as low as possible which is 1sat/vb or crazy high as of now due to congestion which is irrespective of the value of bitcoin.

Practically, there will be a lot of activity going on the network when there is a surge or correction which increases the traffic but it what we face is beyond that, and its due to the invasion of the network by spam transactions in the name of brc20 project.