OpticBit avatar

Mining fees going up

opticbit

Published: 30 Apr 2020 › Updated: 30 Apr 2020

Mining fees going up

Mempool over 110mb

1= Bitcoin legacy address

3 = multisig or segwit compatibility P2SH

Bc1 = Segwit native

Segwit reduces the tx size and fees. I still need to watch aantop video on the subject from a few days ago.

There's also a bidding war

https://bitcoinfees.earn.com/

Some wallets are paying high fees needlessly causing feedback loop and driving fees up.

Start looking at liquid/lightning

Leave Mining fees going up to:

Written by

Bitcoin Trading

Read more #bitcoin posts


Best Posts From OpticBit

We have not curated any of opticbit's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From OpticBit