24 Dec Mempool congested again…Fees hovering at $3.5
So every time the bitcoin price goes up, it is pretty much expected that the transaction fee would climb up too.
In the past whenever BTC price went up, mempool got congested driving the fees up with it. This time the fees is hovering at $3.5
For small value transactions, it really doesn’t make sense to pay such a high amount, plus not everyone currently supports lightning network.
I am able to reduce my fee a little bit by trying some of the methods mentioned here. But other than that there really isn’t much else to do.
I have brought up this topic multiple times on this channel but there never seems to be a concrete solution.