Topic: Bitcoin transaction fees and pending transactions back to normal ? (Read 244 times)
September 01, 2017, 05:34:39 AM
There never was any change on this end. We have monitored every single Bitcoin transaction that we have made over the past 18 months and that's about 14,000 of them. The average time from sending to confirmation is 7 minutes. Anyone that is using a service that is not properly designed, is charging them to higher fees, or is taking too long to process needs to consider finding another service.
August 29, 2017, 12:46:45 PM
It looks like bitcoin transactions have returned to the new normal again since the Segwit switchover. You no longer need to pay $10 USD to get a transaction through in a reasonable amount of time and the queue of pending unconfirmed transactions have dropped back to normal levels.
actually it has not. i don't know what the numbers were by the time that article was written but currently the number of unconfirmed transactions is about 25K and that is not the normal level. the normal level is around 2K-3K.
despite that, transaction fees have come down a little which shows most of this is a spam with very low fee that is residing in the mempool for longer time.
August 29, 2017, 12:13:29 PM
And that's why bitcoin price has started to rise again.
August 29, 2017, 12:06:15 PM
It looks like bitcoin transactions have returned to the new normal again since the Segwit switchover. You no longer need to pay $10 USD to get a transaction through in a reasonable amount of time and the queue of pending unconfirmed transactions have dropped back to normal levels.
Continue Reading => https://zycrypto.com/bitcoin-transaction-fees-pending-transaction-normal/
Continue Reading => https://zycrypto.com/bitcoin-transaction-fees-pending-transaction-normal/
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