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Wrong; there is a large backlog of transactions paying over 50 sat per byte [1], which is over $10 in fees for most transactions. [1] https://jochen-hoenicke.d
by tromp 6y ago
Wrong; there is a large backlog of transactions paying over 50 sat per byte [1], which is over $10 in fees for most transactions.
[1] https://jochen-hoenicke.de/queue/#BTC,24h https://jochen-hoenicke.de/queue/#BTC,24h
- iso8859-1 6y agoWhy is it $10? According to https://www.buybitcoinworldwide.com/fee-calculator/ https://www.buybitcoinworldwide.com/fee-calculator/ Fee rate: 51 satoshis/vbyte SegWit transaction with 1 input, 2 outputs: ~172 vbytes In total: ~8772 satoshis == ~4.48 USD
- tromp 6y agoBecause the average transaction is over 400 bytes in size [1]. [1] https://bitcoinvisuals.com/chain-tx-siz https://bitcoinvisuals.com/chain-tx-siz