Why Have Bitcoin’s Transaction Fees Skyrocket Recently?steemCreated with Sketch.

in #altcoins7 years ago

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Full Article here at Minergate BLOG
Updated 2018-01-05

During the past few weeks, bitcoin’s transaction fees have markedly increased and today, it typically costs around $20 to send a payment across bitcoin’s network. The reasons underlying this rise in transaction fees are rather complex but can be namely attributed to an increased number of transactions and the limited amount of transactions that the bitcoin network can handle per second. For today, the bitcoin network can process around 7 transactions per second.


Bitcoin Network Congestion:

Bitcoin price has skyrocketed during the past couple of months, reaching a historical high of around $20,000 earlier in 2017. The soaring bitcoin price has been associated with a steep rise in the number of transactions across the network, which led to great delays in confirmation of transactions...

How Are Bitcoin Fees Calculated?

The system used for calculating bitcoin’s transaction fees is totally unrelated to the number of coins sent throughout the transaction. Instead, transaction fees are calculated on a satoshi/byte basis, so the amount of fees you pay is related to the size of the transaction in bytes...

Monero’s transaction fees have risen too:

The rise in the price of Monero XMR has also led to an increase in transaction fees. Presently, the fees needed to send a transaction across Monero’s network equal 0.00024 XMR. Consequently, with an average transaction size of around 13,058 bytes, the current approximate transaction fee equals 0.003120 XMR, or $1.248, considering the current price of Monero (1 XMR = $400)...

"In the end, it is worth mentioning that the rise in bitcoin’s transaction fees (and other cryptocurrencies too such as Monero) represents a big challenge that will slow down the globalization of decentralized blockchain based cryptocurrencies."

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Con questi costi di trasazione sarà la fine di Bitcoin. Altri monete saranno piu economici, meno male ho sempre i miei DOGE che non costa un cazzo per fare una trasazione.

io resto sempre della mia idea. il bitcoin non è (si fa per dire) una crittovaluta ma un bene rifugio. diciamo l'"oro di internet". usarlo quotidianamente per transazioni è fuori discussione.


meno male ho sempre i miei DOGE che non costa un cazzo per fare una trasazione.

Come con gli steem-coin. Un vero steemer però non dovrebbe disperdere sforzi e valore in altre crittovalute. Qui di seguito un ottimo articolo che rende l'idea di quello che sto dicendo ;)
https://steemit.com/steemit/@arthuradamson/rome-and-steemit-was-not-built-in-a-day-the-rise-and-fall-of-rome-and-how-steemit-can-learn-from-this-story

Sono d'accordo, ci vuole una migliore distribuzione di Steem. Più distribuzione vuol dire più valore complessivo. Un altro punto interessante è qui:

https://steemit.com/steem/@tylersr/the-real-value-of-steem-is-in-the-blockchain-not-the-voting-system

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