Fees seem low recently particularly after the massive spike around the halving and all the speculation around Runes.
I was going to post this in the mempool territory however as Iā€™m just starting to understand fees and have some questions I thought it might make more sense to post here.
What are your thoughts on the reasons for low fees?
Have Runes died a death or should we expect more of these types of projects?
What is happening with the difficulty adjustment and mining in general particularly in terms of profitability?
Thanks. šŸ™
What are your thoughts on the reasons for low fees?
The explanation is easy: little demand for block space. I know people need to know why, but after many years I've come to the conclusion that there's no point. It's better to keep things simple and focus on what you can control.
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So in other words there are currently less people wanting to transact on the mainchain?
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It doesn't mean there are fewer people, it means there are fewer high-priority transactions.
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Thanks. šŸ™
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