Will the BTC ½ ing cause a rise in fees?

[philipma1957]

I picked  0.50-1.00 btc per block.

Looking back at all of 2023 we had more high fee more of the time since fee charts came out.

most fee charts cover from 2017 on.

https://mempool.jhoenicke.de/#BTC,all,weight

the link above shows fees and 2023 clear had high fees very often.

[SamReomo]

There is a chance that during halving fees may rise to some higher values but I don't think that will happen unless if number of transactions increase during that time. I believe when we get more unconfirmed transactions in mempool that might be a cause of increased fees.

There's another chance that ordinals creators might mint more of their tokens on blockchain and that will surely increase the fees to very high extent because those ordinals creators want their transactions to get complete faster and for those they are ready do pay high fees.

[Stompix]

You ill not have high fees without people willing to:
- move coins
- pay higher fees to do so

The only thing that can trigger a rush of those is:
- people taking their profits and rushing to exchanges , it's not happening now so might not in the future either
- a new ordinal craze triggered by the price increase and FOMO, possible
- temporary for 14-20 days a huge loss in hashrate as lower margin quit that would rise the blocktime to maybe 12-15 minutes, definitely possible and I'm quite expecting it

That being said, with more and more coins being held by custodial wallets, thus the profit taking would most likely be offline, with no real need to spend it (why spend it when you can get 10% return in a week) I doubt we will see a prolonged chain and mempool congestion.
It will happen for hours and days maybe at random but not that in 80 days from now the averge fee will be double for all this epoch.

[Vx1]

There is a chance that during halving fees may rise to some higher values but I don't think that will happen unless if number of transactions increase during that time. I believe when we get more unconfirmed transactions in mempool that might be a cause of increased fees.

There's another chance that ordinals creators might mint more of their tokens on blockchain and that will surely increase the fees to very high extent because those ordinals creators want their transactions to get complete faster and for those they are ready do pay high fees.

Anda benar, biaya yang tinggi di dalam jaringan kripto adalah di sebabkan oleh padatnya lalu lintas di jaringan tersebut. Semakin ramai, maka akan semakin mahal fee transaksi yang kita butuhkan. Lalu apakah setelah Bitcoin halving nanti akan menyebabkan meningkatkannya biaya transaksi?! Jawabannya adalah semua itu tergantung dari situasi padatnya aktivitas di BTC.  Jika aktivitas ramai maka bisa dipastikan biaya akan semakin tinggi.

[notblox1]

I think there is a good chance fees are going to get much higher in next few months.
There are many projects asking for testnet coins and that will also affect main blockchain when they get released and there will be more transactions.
It is best to be prepared for this and move coins in your wallet while fees are still acceptable.

[philipma1957]

I think there is a good chance fees are going to get much higher in next few months.
There are many projects asking for testnet coins and that will also affect main blockchain when they get released and there will be more transactions.
It is best to be prepared for this and move coins in your wallet while fees are still acceptable.

I SEE them rising. 2023 had the highest fees for the longest time periods. I THINK 🤔 this higher fee action is kind of certain to happen soon after the 1/2 ing.

[BitMaxz]

I think there is a good chance fees are going to get much higher in next few months.
There are many projects asking for testnet coins and that will also affect main blockchain when they get released and there will be more transactions.
It is best to be prepared for this and move coins in your wallet while fees are still acceptable.

I SEE them rising. 2023 had the highest fees for the longest time periods. I THINK 🤔 this higher fee action is kind of certain to happen soon after the 1/2 ing.

That can happen again because I think Bitcoin will be more active after the block halving and the Bitcoin network will become congested just like what happened in the past.
Just look at the effect of ORDI recently that makes the Bitcoin network very active and congested which makes the recommended fee high according to mempool.space.
So without the ordinals after blockhalving I believe there will be many multiple transactions coming that can clog the network and push the fees high.

[PX-Z]

Fees in btc rate will usually remain when halving occurs, but when the conversion of BTC/USD increases which usually does, fees in the USD rate increase too, of course.

It only fluctuates on this recent development of Ordinals. Knowing it can highly affect the price, miners might do their own thing to remain in the market, and pushing the fee rate in ATH is a high advantage to them. So i could think they might do it in a certain level.

[philipma1957]

Fees in btc rate will usually remain when halving occurs, but when the conversion of BTC/USD increases which usually does, fees in the USD rate increase too, of course.

It only fluctuates on this recent development of Ordinals. Knowing it can highly affect the price, miners might do their own thing to remain in the market, and pushing the fee rate in ATH is a high advantage to them. So i could think they might do it in a certain level.

Fees were higher longer in 2023 than any other year.

I personally think big mines are prepping for this 1/2 by experimating with fee manipulation.