I just paid about $5 miners fee, for a 2 hr wait, for moving just $180. That was the cheapest fee on the Mycellium app. - Bitcoins

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Friday, 10 November 2017

I just paid about $5 miners fee, for a 2 hr wait, for moving just $180. That was the cheapest fee on the Mycellium app.

I just paid about $5 miners fee, for a 2 hr wait, for moving just $180. That was the cheapest fee on the Mycellium app.
/u/Alchemy333

This is a far cry from the .02 cents I used to pay like a year and a half ago. So if the fee price is going up as the price and or traffic increases. I have 3 questions:

  1. How is this sustainable?

  2. How did this happen? What is the cause and What are we doing about it?

  3. Can someone point me to what Andreas Antonopoulos's thoughts are about this specifically? A video talk of his or something, that addresses his thoughts on this increase in fees and wait time.

Thanks

submitted by /u/Alchemy333
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