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Random because each transaction is generated individually so the total amount is noisy (although that averages out to be somewhat smooth at scale) and has both daily and weekly cycles, with more transactions done during the day than at night. Demand can also be affected by speculative movements in the exchange rate. Bram Cohen blog post with helpful background to the market for block space; Therefore the market for block space asks users to make a tradeoff between confirmation time and cost. Users with high time requirements may pay a higher than average miner fee to be confirmed quickly, while more patent users under less time pressure can save money by being prepared to wait longer. Reference Implementation [ edit ] The following sections describe the behavior of the reference implementation as of version 0. Earlier versions treated fees differently, as do other popular implementations (including possible later versions). 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