Its not possible to measure when the things will be normal but still the answer for your question can be, Mempool gets less number of transactions only when the price of bitcoin gets stable for few days, either increase or decrease in the price is going to be a cause for more people to buy or sell their coins.

There is no way for them to "speed up" or "expedite" confirmations... They (the miners) have hardware running to find a sha256(sha256(block header)) that's under the current target. It's not like they can increase the target by themselfs nor do they have a button they can click to increase their hashrate (in order to do this, they have to buy expensive ASIC's, which can take several weeks to arrive and configure). An increase in the target will only happen if the average time between blocks is > 10 minutes, at this point the difficulty will be decreased and the target will increase at the next difficulty adjustment.

If you look at any block explorer, for example this one: https://blockstream.info/ you'll see that the last 10 blocks were completely full (out of the 10 blocks that were shown). This basically means that individual miners are not hindering anything, they're doing everything they can to confirm as many transactions as possible.

Appartently there was a significant drop in hashrate recently, it's being attributed to chinese miners turning their gear off because they have to pay higher power prices this season (it's a rumour, there's no proof AFAIK), so they can't mine profitably. This might cause the average time between 2 blocks to be > 10 minutes. But still, we'll have to wait untill the next diff adjustment... An individual miner cannot change, fix, or speed up anything.

The problem is basically that more transactions are broadcasted per timeframe than can be fitted into blocks at the same timeframe... It can be caused by to many transactions, or by a drop in the network's hashrate (so less blocks will be solved). In this case, it looks like it's both; more transactions + drop in the hashrate.

I noticed that there has been more misinformed posts and questions than normal about the mempool, based on a lack of understanding of Bitcoin, how it works, its inticracies, and its "imperfections".

Please research, and understand how it works before posting misstatements, and find out that its "imperfections" actually are caused by important design-decisions that make Bitcoin robust and censorship-resistant.

If you can't explain why the fee is so high and you only say it's only a matter of "supply and demand" so supply and demand cannot explain why the stock market goes up or why it goes down but overall there is a rational to it and overall it does go up like real estate ... however Bitcoin is much more anonymous than the stock market, so I was asking for a rational behind this which so far I didn't get except for the first poster who somehow explained it might be related to China.

And I see in Bitcointalk lots of threads with Broken English such as this:

https://bt.irlbtc.com/view/5285043.0

Title: Can Bitcoin trasnaction can canceled
Can (a) Bitcoin trasnaction (=transaction) can (get) cancelled?

So apparently broken English is fine but a proper "research" is not? I honestly don't get you. From all the threads being posted here this specific thread is the one that is bothering you?

 

The price has been pretty "stable" in the past 24 hours around $13,200 - $13,500

And the mempool is also 12MB smaller than yesterday.

Included my post to you for everyone to see the context.

I can explain, but as someone who has a service that pays in Bitcoin, do you actually want to learn and understand how Bitcoin works, and know why the network is the way it is?

Plus yes, it has something to do with "demand and the supply", but not the supply/demand you're thinking about.

Or with that reply, are you simply trolling?

When everyone stops sending the transactions and shift to other coins .

The transaction charges are high and it is really frustrating to wait for a much longer time for the coins to get confirmed especially when you need a confirmation in many gambling sites and now i am waiting for days to get a confirmation and missed a few matches to wage a bet and that really is frustrating but glad some zero confirmation sites are there as well.

In the last 30 days, there are 3 periods in which mempool size exceeds 50 MB (first in early days of October, second around 21 October at 53 MB -- the purple arrow, and the third is now with 62 MB in mempool. In percent, there is an increase of 17% in mempool size compares to what it was on 21 October 2020. After that day, mempool was dipped and almost clear.

I am not over pessimistic but nothing is too bad like a catastrophe here and now.

• Institutional and weekend effects
• A bit stability of bitcoin next few days
• We can have better fee rate. It is my expectation but if it happens, people should move or consolidate their bitcoin when fee is cheaper before mid of November.

https://jochen-hoenicke.de/queue/#1,30d