until the mempool is back to normal levels https://blockchain.info/unconfirmed-transactions
this link should show something around 2000-4000 before fees drop, right now it is 80K which is half the maximum it used to be during the BCH pump. that shows it is dropping with a good speed but unfortunately it is going to be a slow process since each block is only containing about 2500 transactions and people also making "new" transactions.
Topic: When will the miner fees drop? (Read 174 times)
When will those miner fees finally drop back down to acceptable levels? It's great that BTC is regaining the lost value, almost back to what it was valued at before the pump and dump, but those fees are still not back to baseline levels. How long is it gonna take for the miner fees to become 10-20 sat/b again?
I guess it will be staying at that height, the price and demand are getting back to the usual number, instead of the fees, I will just be looking at how long the transactions are taking and a lot of transaction not being confirmed.
I really don't know for sure when. Miners are opportunist that they are asking BIG FEES on transactions of bitcoins users. Bitcoin nowadays worth a lot. And by that, they are seeing opportunity for themselves so, high fee.
When will those miner fees finally drop back down to acceptable levels? It's great that BTC is regaining the lost value, almost back to what it was valued at before the pump and dump, but those fees are still not back to baseline levels. How long is it gonna take for the miner fees to become 10-20 sat/b again?
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