Well. Right now I have bunch of inputs on legacy addresses. Can they be consolidated on one or two "bc1" addresses? Or I have to use the "1"-type- addresses as the destination to consolidate them?
As long as your wallet supports it, you can send funds to bc1 addresses. 
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! - page 48. (Read 84893 times)
June 17, 2019, 06:14:21 AM
June 17, 2019, 05:21:10 AM
Well. Right now I have bunch of inputs on legacy addresses. Can they be consolidated on one or two "bc1" addresses? Or I have to use the "1"-type- addresses as the destination to consolidate them?
June 16, 2019, 07:38:15 AM
I got myself a wonderful confirmation within the second block with 9 satoshis per byte yesterday. Even when fees were much higher in recent days my lowballing has gone through within 24 hours or so.
June 12, 2019, 06:07:27 AM
Might be useful, I did a non-critical spend on June 3rd, it needed to be confirmed before 15th so, an excellent time to test out 1 sat/byte fees. And consolidate at the same time.
I remember 22k in the mempool as I broadcast, it even reached as high as 40k in the next few hours, but it still got confirmed in just 56 hours. So this was done on Monday peak and still cleared up by Wednesday.
Don't know about you guys but I'm loving it =p
I remember 22k in the mempool as I broadcast, it even reached as high as 40k in the next few hours, but it still got confirmed in just 56 hours. So this was done on Monday peak and still cleared up by Wednesday.
Don't know about you guys but I'm loving it =p
June 12, 2019, 12:25:58 AM
I sent from my phone yesterday and had to send at 40sat/byte.
It was quick to confirm being the 25 blocks option so wallets seem to be suggesting higher fees than they should. Blocks don't seem full on block explorers, blockchain is quoting blocks of 1.1 to 1.5 mb and 1.1 certainly seems low. Maybe there's a chance some pools are getting greedy while they can...
It was quick to confirm being the 25 blocks option so wallets seem to be suggesting higher fees than they should. Blocks don't seem full on block explorers, blockchain is quoting blocks of 1.1 to 1.5 mb and 1.1 certainly seems low. Maybe there's a chance some pools are getting greedy while they can...
you can't say blocks are not full just because they are smaller than 1.5 MB. anything north of 990 kbyte can be considered full block depending on what percentage of it is SegWit transactions. so a 1.1 MB block can be full if it had little SegWit transactions in it.
and it doesn't have anything to do with pools, it is just users sending more legacy transactions.
June 11, 2019, 11:06:19 AM
I sent from my phone yesterday and had to send at 40sat/byte.
It was quick to confirm being the 25 blocks option so wallets seem to be suggesting higher fees than they should. Blocks don't seem full on block explorers, blockchain is quoting blocks of 1.1 to 1.5 mb and 1.1 certainly seems low. Maybe there's a chance some pools are getting greedy while they can...
It was quick to confirm being the 25 blocks option so wallets seem to be suggesting higher fees than they should. Blocks don't seem full on block explorers, blockchain is quoting blocks of 1.1 to 1.5 mb and 1.1 certainly seems low. Maybe there's a chance some pools are getting greedy while they can...
June 11, 2019, 08:47:56 AM
~snip~
A few sat/byte is still possible!
I have few 1 sat/byte tx are waiting to confirm from yesterday. Some of them got confirmed few days ago and it was not taking more than few hours. A few sat/byte is still possible!
People are just in too hurry to see their tx to get confirmed. In the past few months I can remember only two tx to use 10sat/byte because those were kind of urgent tx for me.
June 09, 2019, 04:28:29 AM
I just had a transaction with a 2 sat/byte fee confirmed. Took just over an hour.
My 1 sat/byte transaction just now took 9 minutes. Sunday is the time to consolidate, and even if it doesn't get confirmed, chances are it will be confirmed next weekend. Just conslidate funds you don't need for a while. 
June 06, 2019, 10:30:00 AM
I just had a transaction with a 2 sat/byte fee confirmed. Took just over an hour.
https://www.blockchain.com/btc/tx/b696e4e691731ab19f7cc94b7f5bce0ed13e16452eb02d3db5625308f544322e
https://www.blockchain.com/btc/tx/b696e4e691731ab19f7cc94b7f5bce0ed13e16452eb02d3db5625308f544322e
May 22, 2019, 05:42:59 PM
In the past month, I saw recommended fees rise to more than 50-100 sat/byte, when blocks were full during large market fluctuations. Fees are low again! Consolidate your small inputs while you can, low fees won't last forever.
A few sat/byte is still possible!
I have a tx with 2 sat/B from yesterday. I am expecting this will confirm tonight sometimes. Right now the position in Mempool is 4.80MB from tip. Two or three days ago I had few 1 sat/B tx were confirmed.A few sat/byte is still possible!
May 19, 2019, 04:01:45 AM
They're still really high?
I got an estimate from elelctrum of 125 sats per byte earlier for a 25 block transaction.
I ignore those estimates based on my needs at the moment. Yesterday I made 2 transactions with 1.0x sat/byte, and they're confirmed now. As long as you're not in a hurry, it's totally unnecessary to join the "rat race" of highest fees.I got an estimate from elelctrum of 125 sats per byte earlier for a 25 block transaction.
Bitcoin Core's estimate "lags" a bit: It now recommends 23 sat/byte, while https://coinb.in/#fees says 1 sat/byte is enough for a fast transaction.
I accidentally edited my "bump post", this is for next time:
Code:
Consolidate Bump!
At some point last year, and also in the first week of April 2019, I saw recommended fees rise to more than 50 sat/byte, when blocks were full during large market fluctuations. Fees are low again! Consolidate your small inputs while you can, low fees won't last forever.
Recently, fees are up again, so take your time consolidating inputs while you're not in a hurry. A few sat/byte is still possible!
At some point last year, and also in the first week of April 2019, I saw recommended fees rise to more than 50 sat/byte, when blocks were full during large market fluctuations. Fees are low again! Consolidate your small inputs while you can, low fees won't last forever.
Recently, fees are up again, so take your time consolidating inputs while you're not in a hurry. A few sat/byte is still possible!
May 16, 2019, 03:48:25 PM
They're still really high?
I got an estimate from elelctrum of 125 sats per byte earlier for a 25 block transaction.
I got an estimate from elelctrum of 125 sats per byte earlier for a 25 block transaction.
April 25, 2019, 10:16:29 AM
**Bump**
You tight bastard
Current best transaction fee only 9 sats per byte.
Get consolidating your small amounts of coin gentlemen.
Fee reference - https://btc.com/stats/unconfirmed-tx
I'm still stubbornly using 1sat/byte fees for all consolidations and non-critical txs...snip...
You tight bastard
Current best transaction fee only 9 sats per byte.
Get consolidating your small amounts of coin gentlemen.
Fee reference - https://btc.com/stats/unconfirmed-tx
April 11, 2019, 07:50:14 AM
I think earlier this month I sent some transactions which cost me under 3 sat/B but from last few days (around a week now I feel) I even paid over 100sat/B LOL
Yes, miners are enjoying this traffic jam :-)
Yes, miners are enjoying this traffic jam :-)
April 11, 2019, 07:49:44 AM
I'm still stubbornly using 1sat/byte fees for all consolidations and non-critical txs. My last one happened earlier this month (4th April), and took over 72 hours (7th April when the pool cleared up). I don't mind at all really, since I can fall back on RBF. So, really, is this the best people can do? Throw it all at me, brother. Make me wait 1 week =P
@jackg Missed your post on using Electrum to combine txs from different people @jackg, very, very interesting. I might tap you for more help at some point if I want to attempt.
@jackg Missed your post on using Electrum to combine txs from different people @jackg, very, very interesting. I might tap you for more help at some point if I want to attempt.
April 11, 2019, 07:23:57 AM
There is only 200 to 300 transactions per block though on average soo this is going to take a while...
Probably one of those pseudo traffic jams where everyone slows down hours after an accident has been cleared.
Probably one of those pseudo traffic jams where everyone slows down hours after an accident has been cleared.
April 10, 2019, 09:50:33 PM
The miners must be enjoying this though... 
indeed, i am loving the high fees , highest since July 2018
true, but it's ranging between 5k to 20k transaction on mempool which is not bad at all, last week we got up to 65k unconfirmed.
April 09, 2019, 03:38:52 PM
People should really stop using the default "best" fee, it only causes fees to quickly spiral up as everybody is competing for the same scarce blockspace.
Pretty much this. If you look at https://jochen-hoenicke.de/queue/#1,2w and compare last week to now - during the spikes last week, there were generally around 15k transactions with fees below 10 sats/byte. During this week's spikes, by the time you get 15k unconfirmed transactions, fees are up at 80-100 sats/byte. It's completely unnecessary, and if everyone manually calculated their fees, they would all end up paying around 80% less and yet still have their transaction confirm in the exact same amount of time. All it takes is a small minority to spiral things out of control, though.On another note, I have some address consolidation I want to do, but I'm in no hurry, so I guess I'll be sitting twiddling my thumbs for a few days/weeks/months until we get back to 1 sat/byte every evening.
April 09, 2019, 11:32:47 AM
1 sat per byte looks possible again!
Electrum was suggesting 5 sats per byte for within 25 blocks.
Electrum was suggesting 5 sats per byte for within 25 blocks.
April 07, 2019, 05:19:35 AM
My issue is apps like mobile electrum which don't allow you to set a fee below 25 sats per byte in these cases because that's still going to push everyone else up.
The miners must be enjoying this though...
And yeah mine was slower as it was a chain of two (I think)
The miners must be enjoying this though...
And yeah mine was slower as it was a chain of two (I think)
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