The site's down for me, but can someone tell me their source for transaction fees increasing? My node shows the required transaction fee has
decreased slightly since the spam attack started, though not significantly. As far as I can tell, fee-paying transactions are not being affected by the attack at all.
EDIT: Of course, the site comes back up shortly after I post.
This creates a very awkward situation in the Bitcoin world, as the 0.001 BTC fee – worth US$0.43 at the time of writing – is no longer sufficient to get guaranteed confirmations from the next few blocks on the Bitcoin network. ... As a result, only high priority fees will get transactions confirmed these days, a cost currently sitting at 0.0044 BTC or US$1.90.
I've no idea where JP Buntix is pulling these figures from, though I suspect an excretory orifice. I'm seeing
BTC0.00025 (US$0.11) will get an average (570 byte) transaction confirmed in the next block or two. Why does this nonsense pass for news?