Miner's fees

[Mike Mayor]

What are you talking about? None gets on the phone to talk together. Lol wow, you like to create your own conspiracies. I remember paying $20 for transfers during the 2017s high price burst. It was crazy & transactions took forever. Spending bitcoin because quite difficult since transactions didn't go through within the target time window for it to count the purchase. Which meant you had to send it again which cost even more bitcoin. I must have had to have spent a few $100 on transaction fees alone during that time.

[1686274291]

1686274291

[1686274291]

1686274291

[1686274291]

1686274291

[BADecker]

^^^ Just because they are busier than all get-out, do you think that they don't communicate? On the phone, possibly no... because the phone might be too inneficient for them. But one way or another.

[error08]

~
So, will we see a sudden miner fee rise this time?

The case in 2017 is different compare to 2020, there are some improvements such as segwit and lightning network. We will find out in mid-December when the price on the rise to new ATH, although it's not the price but how many unconfirmed transactions on the mempool, it's a common issue in the bitcoin network. However, I don't agree about miners intently cooperate each other to pump the fee, simply there is no evidence to accuse them. Even these days, the fee relatively cheaper than in 2017.

[wiss19]

It’s very, very annoying. You’re not the only that hates this high fees of a thing. Imagine when you have to do just a little transaction and you have to pay a lot of money for a little transaction. Wanted to do a transaction of $50 the other day and my wallet was showing fees of almost $5, which means I had to spend $55 in total.

I have been looking for a solution to this problem. I once installed a wallet that claims to offer the lightening network feature, but I didn’t really trust them, so I had to uninstall it and go back to the normal wallet I was using. I’m still wondering how high the fees will be as the price is on its way up.