https://coincurrencynews.com/2016/10/20/blockchain-unconfirmed-transactions-increase/
Any idea why this could happen?
Well, I haven't noticed any delay today. I made a transaction around 30 minutes ago and with transaction fee just slightly over 20,000 sats it took less than 5 minutes to get confirmations.
So I'm wondering are all those delays happening because very low transaction fees were included or you might have a delay even with higher transaction fees?
Well, it's an auction, if you pay high enough fee you'll always beat everybody else, but they cannot all win the auction.
You can check stats here:
https://btc.com/stats/unconfirmed-tx
Thanks for your reply and thanks for the great link, I have bookmarked it because I think it's really helpful. But I can't agree that this is like an auction because in auction only one person wins a lot, so to win you should pay more than others. Here we have a slightly different situation - to be the winners, or in other words to have our transactions confirmed fast, we just shouldn't be among those who is paying much less than others.