...As Bitcoin's exchange rate rose rapidly and more people wanted to get in on the boom, getting into blocks became difficult, and miners prioritize transactions on which users are willing to pay a higher fee. It works a bit like Uber's surge pricing, except the user sets the fee based on how long she's prepared to wait for the transaction to go through -- using one of several sites that link fees to waiting times or show median and average fees.
At the time of this writing, the median fee paid to process the median transaction -- 226 bytes of information -- was 171,760 satoshis, or 0.0017176 Bitcoin, or $11.38. If you just want to pay for a cup of coffee or order something relatively inexpensive on an e-commerce site without waiting many hours for the transaction to clear, this is uneconomical....
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