FACT CHECK
Ok, as of right now, the price to send a transaction in the next block is about 140 satoshis per byte and a typical 1 input/2 output transaction is about 225 bytes. At $14k per bitcoin, a satoshi is worth $0.00014. So, 140 X 225 X $0.00014 = $4.41 per transaction.
Value of a Satoshi = Bitcoin price divided by 100,000,000
Typical Transaction Size = 225 bytes
Current fee in Satoshis per byte for next block = 140
Satoshi Value x Typical Transaction Size x Satoshi fee per byte = Transaction Cost.
Currently:
$0.00014 X 225 X 140 = $4.41
At the peak:
$0.00020 x 225 x 1000 = $45.00
Ok, as of right now, the price to send a transaction in the next block is about 140 satoshis per byte and a typical 1 input/2 output transaction is about 225 bytes. At $14k per bitcoin, a satoshi is worth $0.00014. So, 140 X 225 X $0.00014 = $4.41 per transaction.
Value of a Satoshi = Bitcoin price divided by 100,000,000
Typical Transaction Size = 225 bytes
Current fee in Satoshis per byte for next block = 140
Satoshi Value x Typical Transaction Size x Satoshi fee per byte = Transaction Cost.
Currently:
$0.00014 X 225 X 140 = $4.41
At the peak:
$0.00020 x 225 x 1000 = $45.00
Nice calculation sharing. I remember I have been charged for $30+ on my last transaction this month. Sooner or later the transaction fee will be sky high once bitcoin climbs to a new height.