Mempool is nearly empty, less than 0.2MB. People still paying more 200sat/byte

[TopT3ns]

More money for miners is fine by me. That way my cheap transactions are more accepted, I guess. I try to never pay more than 1$ even if sending more than 1 BTC.

send more than 1 bitcoin and the transaction fee is not more than $1, I think it is very unlikely, because until now if you are still using mempool it still costs more than $1, if you have already done that maybe you can provide information on how you do so so that everyone can know that there is a very cheap bitcoin transaction option.

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[CyberKuro]

More money for miners is fine by me. That way my cheap transactions are more accepted, I guess. I try to never pay more than 1$ even if sending more than 1 BTC.

As long as there aren't too many expensive fees on the mempool, it will take days even weeks for cheap transactions to be confirmed (based on experience).
The most costly fee I ever paid probably around $3 and still have to wait more than 5 hours at that time when the mempool flooded, insane.
it was when the price of bitcoin suddenly rise significant, or we can say 'pump', fortunately that's not the case lately as many people just pay 1-5 sat/byte

[Mahanton]

It's now 199sat/byte within 5 blocks.
Kinda expensive still, but you can always use the Mempool method which you'll only going to pay for 1sat/byte. Mempool are now cleared and you'll get confirmations faster than the last couple of weeks that transactions with 1sat/byte got stucked for almost 2 weeks.

Mempool size is not large enough to justify such a high fee (200 Sat/Byte). I guess users are still ignorant of the smaller Mempool size and therefore they continue to pay higher fee. This in turn is pushing up the median transaction fee. I guess it will come down in the next few days, as users realize that they can get instant confirmation even with lower fee.

Not just ignorant, some don't want to learn and stick to what they usually do as they're afraid their transactions get stucked for a few days or worse weeks.
ETA method has also come down today, but then again why would someone pay 111sat/byte for a single transaction when you can do it with 1sat/byte and get almost the same waiting time to get confirmations (base on the Mempool condition today).

I'm really happy these past few days as my transactions went thru even if I paid very low tx fee. Whenever, I need to send funds, I check the mempool to see what's going on. And yes, even if you pay 5-10sat/byte right now, it will go thru fast as the pending transactions is really small (like 2500+) as compared weeks ago with 100k+ pending txs. If I am the person who needs to transfer btc, I will take this opportunity as it is actually very cheap right now.

When talking about the best time on making transactions then this is on when the mempool isnt clogged because thats the main reason on why fees do really go up because
there are people whom do set 200-300 or more sats/byte which would really drive the fees on that high yet miners will be prioritizing that.We dont know if those people who do
stuck with 200 sats/byte mentioned on op is just miners tending to spam out the network or those people who do just simply stick into whats being set-up neither a exchange wallet
or even on electrum sliding up that ETA setting or using by default.

[aesma]

At the end of the day you have to consider why you need the bitties moved fast. Lack of anticipation ?

One main reason would be when paying something in BTC (or selling it), in person. You're buying a car or a stash of fiat, of course the seller will want at least one confirmation before handing out the item, and staying for hours or days with that seller isn't practical.

[rdluffy]

I was using your tool to keep tracking mempool and finally I'll be able to organize my wallets in the way I want

We are in bull times, and this is the moment when newbies come to BTC and they are using estimate fees of wallets probably. It's not easy at the beggining to understand and calculate your fee manually, so they leave on auto, and I know even people who are used to BTC, still have doubts about put the fees manually.
Exchanges usually pay higher fees too, they prefer to quickly transfer and there's a lot of volume to deposit and withdraw these days

Edit: did a 2 sat transaction and it was confirmed in 20 minutes 

[bitmover]

Edit: did a 2 sat transaction and it was confirmed in 20 minutes 

Great, that's what you can achieve if you know what you are doing. Even in the middle of a bull run there are times when the mempool cools down.

Most of fee estimators of  wallets out there are crazy, suggesting like 200 sat/byte.

Personally, i barely use more than 10 sat/byte

[bryant.coleman]

A lot of these transactions are being made by the inexperienced users and they are just afraid of their transactions getting stuck. They don't mind paying $5 or $10 extra to get a quick confirmation. I doubt whether a lot of them even know about the Mempool and its impact on the transaction fees. And the worst thing is that, these guys push up the median transaction fee, forcing other users to pay high amounts.