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May 08, 2023, 12:31:40 AM |
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I don't know if this the right place to drop this thread. For over week now, the Mining Fee and the Fee Rate for the Sat/B for transaction of coins to another wallet over high. What is really happening in the blockchain? I was trying to made a transaction of 0.003 bitcoin but the change rate is too big that I could not made the transaction. I checking the fee within 4/4 hours to see if the price of the charging rate would come down but it couldn't. And I was thinking of the possible reason of the high hike of price.
This is the first I checked around 9pm on the 7th of May 2023.
Mining Fee: 0.000806 BTC
Fee Rate: 44.3 sat/B
Second rate within 4 hours interval
Mining Fee: 0.001273 BTC
Fee Rate: 454.6 sat/B
Third rate in the same period of time.
Mining Fee: 0.0013 BTC
Fee Rate: 522.1 sat/B
I was checking it because I am in dire need of cash. It the fee is making me to be scared to make a transfer of the coin to an exchange for marketing. Why is it that the fee price is going up every second to scare people?
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