Why is the mining fee so high?

Why is the mining fee so high?

I recently bought $15 CAD worth of bitcoin from an bitcoin ATM nearby, only to receive $5.87 CAD worth of bitcoin(0.00047179BTC).

I am assuming this is because of the miners fee.

Why is it getting so high? Will it eventually drop? In total I payed a over 50% in miners fees.

http://ift.tt/2iYQ1LO

Comments

Popular posts from this blog

Do extra hop channels in a BOLT#11 invoice need to exist on chain?

What exactly is a block?

New 22 THS Bitcoin ASIC Miner, the Holic H22