Over the past few weeks, the size of the Bitcoin mempool, the holding area for unconfirmed transactions waiting to be picked up by miners, significantly decreased by around 90 percent.
As a result, Bitcoin fees significantly declined and the recommended Bitcoin transaction fee calculated by Bitcoin fee estimators integrated into widely utilized wallet platforms such as Blockchain substantially dropped. Now, fees below $1 have become sufficient to obtain first confirmation within 10 minutes.
Read more here: https://cointelegraph.com/news/bitcoin-transaction-fees-significantly-decrease-charlie-shrem-pays-025-fee
10 minutes is very fast - well, thanks for the information
https://steemit.com/funny/@dobro88888888/why-sport
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I just noticed this too. I sent 0.02 BTC and the fee was only $0.15. That's a massive drop. It's taking a looooong time to get confirmed though.
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Thanks for the info Aloha Al
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I am very glad! The Bitcoin transaction fees were ridiculous.
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Now Bitcoin is working Fine . Like Previous Days My Transection is Complete within 5 min.
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But what changed or why it changed?
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