Comment Comment by 21 There are 100 MB of transactions which want to get in the next block: https://blockchain.info/charts/mempool-size?timespan=allBut the block is only 1 MB. So 100 times more transactions want in than there is space, thus you need to pay $10 to secure a place for your transaction.Fewer transactions or increased block size would decrease the transaction fee. parent 21 8 years ago
But the block is only 1 MB. So 100 times more transactions want in than there is space, thus you need to pay $10 to secure a place for your transaction.
Fewer transactions or increased block size would decrease the transaction fee.