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Author Topic: From Low to High — Bitcoin Fees Jump Over 129% in 4 Days  (Read 116 times)

Offline sirty143

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From Low to High — Bitcoin Fees Jump Over 129% in 4 Days
« on: March 02, 2024, 05:33:23 AM »
From Low to High — Bitcoin Fees Jump Over 129% in 4 Days

After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending... See more for yourself here.

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From Low to High — Bitcoin Fees Jump Over 129% in 4 Days
« on: March 02, 2024, 05:33:23 AM »

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Offline ABCbits

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Re: From Low to High — Bitcoin Fees Jump Over 129% in 4 Days
« Reply #1 on: March 03, 2024, 10:38:07 AM »
Considering Bitcoin.com past history, i wonder if they have specific goal when writing this news. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m (which used by the news) also calculate average from all TX which include transaction TX with big size and overpaid fee, which may give false impression that $11.48 needed for fast confirmation on regular-sized transaction (1 input and 2 output). Anyway, it's not surprising since this problem usually happen when Bitcoin price rise a lot in short time.
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