30 Jun '17, 5pm

Bitcoin Transaction Fees Significantly Decrease, Charlie Shrem Pays $0.25 Fee

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. In fact, Blockchain’s newly deployed Bitcoin fee estimator, which has received praise from the community for utilizing a satoshis per byte basis to establish recommended fees for users more accurately, has been recommending a $0.19 fee for regular transactions with an estimated confirmation time of one hour. On June 29, Bitcoin pioneer and cryptocurrency wallet platform operator Jaxx CO...

Full article: https://cointelegraph.com/news/bitcoin-transaction-fees-s...

Tweets

Unconfirmed Transactions and Bitcoin Fees Drop Considerably

Unconfirmed Transactions and Bitcoin Fees Drop ...

news.bitcoin.com 05 Jul '17, 9pm

Another reason people believe transactions and fees are lower is due to less bitcoin activity. For instance, the price of ...

What To Do With Bitcoin Ahead Of SegWit Activation

cointelegraph.com 01 Jul '17, 9am

There is an air of uncertainty among Bitcoiners of what would become of their fate in the near future. With the community ...

Cablegram: A financial news platform that pays contributors in bitcoin & gold

Cablegram: A financial news platform that pays ...

betalist.com 04 Jul '17, 2am

is a distributed network of economic thought leaders who earn gold and bitcoin for publishing high-quality financial stories.