Mining fees going up

in #bitcoin5 years ago

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