Free transaction thresholds adjusted

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Steve Sokolowski
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Location: State College, PA

Free transaction thresholds adjusted

Post by Steve Sokolowski » Mon Aug 09, 2021 6:19 pm

The free transaction thresholds have been adjusted for many coins.

The most notable adjustment was made to bitcoin, where the free threshold was lowered from $1000 to $4. Transactions this weekend cost 2 cents per output, so we were able to payout 160 customers who had amounts owed between $4 and $1000. You should consolidate these transactions in your wallet before the fees grow large again.
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Banished_Privateer
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Re: Free transaction thresholds adjusted

Post by Banished_Privateer » Tue Aug 10, 2021 2:08 pm

When will the fees return to 'normal'?
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Steve Sokolowski
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Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Free transaction thresholds adjusted

Post by Steve Sokolowski » Wed Aug 11, 2021 6:51 am

Banished_Privateer wrote: ↑Tue Aug 10, 2021 2:08 pm When will the fees return to 'normal'?
Whenever the demand for the bitcoin network rises again. Myself, I'm shocked that the mempool cleared out, despite there being only 1MB blocks after 12 years in existence and prices being so high. It doesn't make sense, but we took advantage of it to send over $50,000 yesterday.

Often, demand is lowest on Sundays.
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