Free transaction thresholds adjusted

Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Free transaction thresholds adjusted

by Steve Sokolowski · · Post #29657

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.
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Free transaction thresholds adjusted

by Steve Sokolowski · · Post #29670

Banished_Privateer wrote: 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.