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I don't know exact details, but if it works like bitcoin miners can refuse to put renewals in blocks if the fees is not high enough.

• xur17 7y ago
  In which case you can just wait until there are less transactions waiting to be confirmed, driving the price up (it's a renewal, so you have plenty of time to complete it).
  • remram 7y ago
    You can't wait to renew, or someone who's willing to pay the price will steal your domain.
    • xur17 7y ago
      I'm pretty sure you have a time period during which you can renew the domain.