#### Marc

##### New member

**EDIT - Correcting after comment on Reddit**

With Veriblock currently creating 25% of the tx on the Bitcoin network I realised that now there is a direct relationship between the price of verblock and the expected minimum bitcoin transaction fee.

See this post I made on Reddit for background:

https://www.reddit.com/r/VeriBlock/comments/b847ke/_/ek9uk91

The expected tx rate that Veriblock will publish (indirectly via its PoP miners) is:

Tx/Sec= (100000000 x 82.5 x bv ) / ( F x 285 x 30 )

where bv is the price of 1 veriblock coin in bitcoins

and F is the feerate in satoshi per byte.

So rearranging this and assuming maximum tx-rate is 4 tx per sec it means that:

FeeRate = (100000000 x 82.5 x bv) / (4 x 285 x 30) = bv x 240,000

FeeRate is in Satoshi per Byte

bv is price of one VeriBlock coin in Bitcoins.

So if we take the current bv of 0.00001785 we get 4 Sat/Byte.

This is assumes that 100% of the bitcoin network transactions are from Veriblock. It you assume as is currently the case only 20% are then the minimum fee would be 20 Sat/Byte.

This is a floor - as if the fee rate went below that the PoP miners could make money by sending more tx. Also currently they seem to be over excited and are currently publishing a lot more than make economical sense!

Other conclusion is that whilst Veriblock price is above about 1/240,000 there will always be mostly full blocks on bitcoin blockchain. As if the blocks are not full the fee will drop - until the point where Veriblock miners start make money by publishing more transactions. But they can not send tx with a fee less than 1 Sat/Byte as will not get forwarded.

Anyone else agree with my logic?