Currently the mempool is pretty empty, so you can get in a transactions with low fees even though we have tons of transactions every day. This is in result of more miners coming online thanks to higher prices. Thus the network is currently mining 10% faster than before the last difficulty adjustment. This will result in a 10%+ difficulty increase starting Friday during the next difficulty adjustment. See difficulty estimate in real time here.
After such difficulty increase the relative speed of mining will drop, and thus it will likely result in a mountain of transactions building up, increasing the tx fees. See the transactions and fees in real time here.
So, if you have any transactions that you can do before Friday, for example consolidating funds, moving to segwit bech32, or opening LN channels, do it now. Here are some ideas why you should move to Bech32.
If price continues to climb by the end of the week, we may see even more miners, and thus the low fees will continue.
[link] [comments]
No comments:
Post a Comment