Added 4$ fee to 20$ payment and blockchain shows 54.157 sat/B

neochiny

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Crypto.games

Quote from: sildoker on May 19, 2017, 02:36:39 PM

https://blockchain.info/tx/edfbfc6a2cc70b8cb638cb489d01cd487d06357dde68459c73af188c9c42f14f

That's gonna take a long time. If it confirms at all. Maybe use an accelerator?

I think it'd be better to wait for the network to drop it though, then send when it's not too congested and suggested/fastest and cheapest
fees are lower.

Quote from: Scott J on May 19, 2017, 03:09:14 PM

This thread makes me wonder how much BTC is sat in addresses that currently cost more to send from then they contain in value.

Has anyone made this calculation?

Hmm. True. Even having to pay Half of the total value would make one pause. That's like 50% goes to fees(taxes).

freebutcaged

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Quote from: Scott J on May 19, 2017, 03:09:14 PM

This thread makes me wonder how much BTC is sat in addresses that currently cost more to send from then they contain in value.

Has anyone made this calculation?

Simply spend your balance as a miner fee and only transact a few thousands satoshis, if miners could be trusted to return the coins to their owners after they mined the block containing those fees they could send back to the same address.

So if you have $20 and the cost would be $10 to get a confirmation, what if we could spend $1 and pay a miner fee of $19 but then any miner included our transaction could send $17 to our address after deducting $2 as their own real and legitimate fee?

I guess that would be expecting from vultures to wear a tie

.

Scott J

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This thread makes me wonder how much BTC is sat in addresses that currently cost more to send from then they contain in value.

Has anyone made this calculation?

xhomerx10

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Quote from: sildoker on May 19, 2017, 02:36:39 PM

Hey whats coming on why it shows so low sat/b??

https://blockchain.info/tx/edfbfc6a2cc70b8cb638cb489d01cd487d06357dde68459c73af188c9c42f14f

29 inputs! That's why the seemingly high fee is actually so low.

27QVUTZj8rgZP1

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Quote from: sildoker on May 19, 2017, 02:36:39 PM

Hey whats coming on why it shows so low sat/b??

https://blockchain.info/tx/edfbfc6a2cc70b8cb638cb489d01cd487d06357dde68459c73af188c9c42f14f

Your transaction size is too large, >4KB. While average transaction size is 200-300 BYTES, yours has 4354 BYTES.

It will take a while to process, if it is going be processed actually. Your fee should be BTC0.009 (~$16) to be considered adequate.

BIG PROBLEM!

HI-TEC99

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Your transaction has a lot of inputs which is why it has a high total fee. However it only pays a fee rate of 54.157 sat/B, which is very low. Transactions that pay such a low sat/B rate will take a long time to confirm today.

In addition, your transaction has one input from an unconfirmed parent transaction that pays a fee rate of 120.533 sat/B. Your transaction can't confirm until this parent transaction confirms.

https://blockchain.info/tx/920262a5a3b213cd93de164ac448519dd973d6c372317e32843aa7ed9ce7f8a6

That input from an unconfirmed parent transaction itself has an input from yet another an unconfirmed parent transaction that pays a fee rate of 120.533 sat/B

The parent transaction above can't confirm until this transaction below confirms.

https://blockchain.info/tx/f8ae31fa91129a3a57dc2a008ba0c6ac28b4328da1b1112effec33fa58dddc3a

Scott J

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Quote from: sildoker on May 19, 2017, 02:36:39 PM

Hey whats coming on why it shows so low sat/b??

https://blockchain.info/tx/edfbfc6a2cc70b8cb638cb489d01cd487d06357dde68459c73af188c9c42f14f

It looks like it has a lot of inputs which has increased the size to 4354 bytes.

If you were simply sending from one address to another the fee would be large.

sildoker

newbie

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Hey whats coming on why it shows so low sat/b??

https://blockchain.info/tx/edfbfc6a2cc70b8cb638cb489d01cd487d06357dde68459c73af188c9c42f14f

Topic: Added 4$ fee to 20$ payment and blockchain shows 54.157 sat/B (Read 820 times)