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See e.g. https://estimatefee.com https://estimatefee.com If this continues as it is now, once mining blocks no longer creates new bitcoins, we'll surely be loo
by BillinghamJ 9y ago
See e.g. https://estimatefee.com https://estimatefee.com
If this continues as it is now, once mining blocks no longer creates new bitcoins, we'll surely be looking at fees of $100+ for confirmation within 24 hours.
- emagdnim2100 9y agoThis may be a misconception - a decrease in the rewards paid to miners wouldn't obviously be "made up for" by an increase in transaction fees. The fee is basically a bid to be included in the next 1MB block, so it should be a pure product of transaction volume (and, of course, the BTC/USD exchange rate by extension). However, I agree that both the transaction volume and the exchange rate are likely to continue increasing. But, if I'm missing something, it would be interesting to know!