RE: Why Do People Always Forget What Happens When Charts Look Like This?

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Why Do People Always Forget What Happens When Charts Look Like This?

in bitcoin •  8 years ago 

What are you talking about? I can send a transaction with 10 cent fee only. If you pay 2-3 dollar per transaction you must be either out of your mind or you have thousands of micro transactions in your input.

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Very interested in these 10 cent bitcoin transactions....

You better know what to do. ;)

  ·  8 years ago (edited)

The median confirmed transaction fee, which means normal transaction sizes are $2 now.

https://twitter.com/nikzh/status/867722742354849792

The median transaction fee in the mempool, ie. unconfirmed transactions, is $0.78

http://bitcoinexchangerate.org/fees

The recommended fee to get in the next block is 81,360 satoshis or $2.26

https://bitcoinfees.21.co

If you pay 2-3 dollar per transaction you must be either out of your mind or you have thousands of micro transactions in your input.

You could have said this a year ago, it is straight up false today. The median transaction size is still 226 bytes, so this is NOT unusual transactions. For unusual transactions you can be paying upwards of $10.

Can you give a source on your $0.10 fee claim? How many such transactions are being confirmed?

nikzh Nikita Zhavoronkov tweeted @ 25 May 2017 - 12:43 UTC

The average #Bitcoin transaction fee is now over $3. https://t.co/GPOMBM3lMA

Disclaimer: I am just a bot trying to be helpful.