Yesterday, the cost of the Bitcoin(BTC) transaction reached a record low. Users now only need to pay 1 satoshi per 1 byte in order for their transaction to be included in the next block. In other words, the transaction for a minimum commission will be confirmed in approximately 10 minutes and the average commission fee for BTC, according to bitinfocharts.com, is about 1.23$. Note that during the period of peak Bitcoin prices in December 2017, the commission reached a maximum of 55$ for transfer of BTC . Among the reasons for the reduction of those commissions, experts refer to the use of batch processing of transactions by cryptocurrency-exchanges and large organizations.
@steemitaddict
finally good news. transaction on exchange platforms will be lowered as well. 10 minutes of verification sounds fair, good news to the miners . @jtoption
well, yes its much better now than it was.
In Dec the median daily bitcoin transaction fees where crazy it was more than $10 which really scared traders but it seems its declining steadily since Feb but one thing I believe is this is one hell of an industrialization. Cryptocurrency is a different world and it is getting better
@steemaddict.......@jtoption
Hi there
thx for update. indeed fees are super low now (no volume)
How have you been doing lately? Thanks for engaging with my posts lately. I appreciate.
Im trying to build a group of like-minded people and I would like to keep in touch with you and support each other on steemit.
So since we were already following each other, then please let me suggest reading this post:
https://steemit.com/contest/@mslifesteem/6-contests-to-follow-to-grow-from-minnow-to-dolphin
For many new players those kind of contests are great way to start.
Take care, Piotr
Sorry for 2 separate posts in one topic.
I just noticed that you still really have very little steam power. Try to consider powering up.
I've been following many new members of this community and @achim303 wrote today quite a good post which would explain "Why do we need steem power?"
https://steemit.com/steemit/@achim03/my-first-progress-report-about-steemit
How to purchase steem power (old article but still valuable):
https://steemit.com/steemit/@oaldamster/how-to-buy-steem-power-the-quick-and-easy-way
Hope you're gonna have a good weekend :)
Cheers, Piotr
Thanks for sharing, those are great posts... yes I do need powering up :) I will try and get some steem after the market goes green again .
isnt better to buy steem once it's red and cheap? :)
try to power up at least 50-100$