I'd double check on the fees before sending now as they're quite volatile.
I paid 93 sats per byte nlyesterday to end up 47mb from the tip of the mempool (at the time of sending that was considered enough to get confirmed in the next block and then there was a spike).
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! - page 47. (Read 88277 times)
January 01, 2021, 02:38:52 PM
November 26, 2020, 03:07:32 PM
I'll have to remember that. I'm still looking at bitcoinfees all the time as it lays out the numbers in a clean manner (and you can view just the api page to get raw numbers.)
https://bitcoinfees.earn.com/api/v1/fees/recommended
But yeah, while it's graphical, it would not hurt to also look at Johoe's site.
https://jochen-hoenicke.de/queue/#0,2d
https://bitcoinfees.earn.com/api/v1/fees/recommended
But yeah, while it's graphical, it would not hurt to also look at Johoe's site.
https://jochen-hoenicke.de/queue/#0,2d
November 21, 2020, 09:08:14 AM
jochen-hoenicke.de
is pretty much the gold standard to use.
is pretty much the gold standard to use.
November 21, 2020, 08:52:45 AM
What do you mean by "low"?
I mean 1 sat/byte should be enough to get a confirmation today.so far bitcoinfees.earn.com is inaccurate and leads to higher fees.
I'd say the bitcoinfees.earn.com site is fairly accurate in estimating.
I was looking at jochen-hoenicke.de:
(source: screenshot of jochen-hoenicke.de taken by Loycev)
November 21, 2020, 07:38:25 AM
Fees are low while Bitcoin's price is close to ATH. That's new 
What do you mean by "low"?
Looking at https://bitcoinfees.earn.com/, the fees seem to me pretty high.
November 21, 2020, 03:32:26 AM
Fees are low while Bitcoin's price is close to ATH. That's new
November 09, 2020, 05:07:14 PM
Even though you broadcast it to the network again through many different sites, I believe that it's still about the miners' preference to choose the transaction of your fee size. I've got a magic to share (as it's still working for me and I don't know how).
https://www.antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx
Got an account there? Use this and see the magic. Yeah, I know it's an old trick but still works for me (maybe not work in extremely low fees but at least the average fee and definitely less than what's needed to get taken in next block).
November 09, 2020, 07:37:13 AM
It spiked again and now it's over 100 sat/B
https://archive.vn/wip/slQQ5
I had a tx with 1 sat/Byte for the last more than a week and it got confirmed yesterday LOL
https://archive.vn/wip/slQQ5
I had a tx with 1 sat/Byte for the last more than a week and it got confirmed yesterday LOL
I had a TX with one sat that only took a couple of hours today to get confirmed https://live.blockcypher.com/btc/tx/f327299146eea5bdde80f2ce310ff6cf8a16525bfdf020d9314bc5ac8be2851f/ (of course I was sendrawtransaction a few times
)(now if only this TX would get confirmed as well I'd be a happy chappy!
) legendary
Activity: 2464
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November 09, 2020, 06:58:44 AM
It spiked again and now it's over 100 sat/B
https://archive.vn/wip/slQQ5
I had a tx with 1 sat/Byte for the last more than a week and it got confirmed yesterday LOL
https://archive.vn/wip/slQQ5
I had a tx with 1 sat/Byte for the last more than a week and it got confirmed yesterday LOL
November 09, 2020, 06:43:37 AM
Bump: fees are low again. It dipped to 3 sat/byte on Saturday and reached 1 sat/byte yesterday (as expected on a Sunday).
(I don't want to remove my Merited bump)
(I don't want to remove my Merited bump)
October 19, 2020, 01:24:13 AM
@LoyceV
It was actually both incoming and outgoing transactions from different wallets and websites so I couldn't use that option this time. A little bit of betting and withdrawing from the casino, followed by a consolidation at the end as an icing on the cake.
If you withdraw your bitcoin from casinos, exchanges then the situation will be different. It depends on specific casino/ exchange and their policiesIt was actually both incoming and outgoing transactions from different wallets and websites so I couldn't use that option this time. A little bit of betting and withdrawing from the casino, followed by a consolidation at the end as an icing on the cake.
- They charge withdrawal fee on user: charge fee or not
- If charge fee, the fee is dynamic or static.
If no fee for withdrawal (like Fortune Jack after the day they turned back to waiving the fee for users), when you receive withdrawals on your non-custodial wallet, you can consolidate your inputs with coin control features.
If fee is charged, let's see 2 situations:
- Fee is static: it means the fee is fixed by exchange or casino, no matter how low or high fee on the network is and how mempool space is. Simply make withdrawals when you win. Then wait for good period to consolidate your inputs.
- Fee is dynamic: you need to wait till the right time, observe mempool space and make withdrawals when mempool is clear, fee is cheaper. You will save fee for withdrawals. Next, consolidate your inputs after 30 to 60 minutes.
October 18, 2020, 03:48:38 PM
@LoyceV
It was actually both incoming and outgoing transactions from different wallets and websites so I couldn't use that option this time. A little bit of betting and withdrawing from the casino, followed by a consolidation at the end as an icing on the cake.
It was actually both incoming and outgoing transactions from different wallets and websites so I couldn't use that option this time. A little bit of betting and withdrawing from the casino, followed by a consolidation at the end as an icing on the cake.
October 18, 2020, 03:54:21 AM
just before I needed to make a few transactions
If you made several transactions, you could probably have saved more on fees by adding paying all addresses within one transaction. Unless you have a reason (such as privacy and coin control) to make separate payments, you can reduce the total transaction size and thus the total fee by making one transaction.Remember: each input adds a lot more to the transaction size than each output.
October 18, 2020, 03:14:24 AM
Yep, the mempool has been looking really good since last night. It cleared nicely just before I needed to make a few transactions. Right now, fees of 1-2 Sat/vByte are enough for relatively quick confirmations.
This is the state of the mempool from a few minutes ago.
This is the state of the mempool from a few minutes ago.
October 08, 2020, 03:40:57 AM
I don't want to remove this bump because it was Merited.
Consolidate Bump.
At the moment, even just 2 sat/byte is enough for a fast confirmation. In the past days, I've seen fees drop to the minimum several times. I expect you can consolidate at 1 sat/byte this weekend.
Consolidate your small inputs while you can, low fees won't last forever!
When you are in a rush, it saves a lot in fees if you can use only one input address (and ideally use native SegWit: bc1q......).
Consolidate Bump.
At the moment, even just 2 sat/byte is enough for a fast confirmation. In the past days, I've seen fees drop to the minimum several times. I expect you can consolidate at 1 sat/byte this weekend.
Consolidate your small inputs while you can, low fees won't last forever!
When you are in a rush, it saves a lot in fees if you can use only one input address (and ideally use native SegWit: bc1q......).
October 06, 2020, 03:38:26 AM
September 12, 2020, 03:07:35 AM
Thank for the reminder. Sent yesterday some bitcoin (about 0,03btc obtained from around 8 transactions) with 1sat/byte and it took about 5-6 hours to get to other address and be confirmed.
Hey people, dont miss that opportunity.
Hey people, dont miss that opportunity.
August 25, 2020, 05:29:24 AM
I sent you a pm @buwaytress but I used a server beginning 148 if anyone wants one that accepts 1 sat per byte.
Thank you bud! On a reboot today I still got the error message, so I'll try this server out on my next tx. Not that it's an issue for me to pay 2 sats/byte, of course. I was just wondering if or why a lot of miners just suddenly decided to double the min, and when this happened. Seems a bit arbitrary given that we haven't exactly been pushing the limits of average fees recently.
August 24, 2020, 04:56:52 PM
I sent you a pm @buwaytress but I used a server beginning 148 if anyone wants one that accepts 1 sat per byte.
August 24, 2020, 11:40:21 AM
So, today, I wasn't able to set a 1 sat/byte tx, I kept changing different servers, but Electrum insisted that My fee was below the min mempool limit. Tried 1.5 sat, 1.9, all didn't work, 2 sat/byte accepted immediately. Mempool isn't THAT crowded now and I've done plenty of 1 sat/byte even above 100k txs.
Is this an Electrum thing? I know some time back they set the min fee to 1...
Is this an Electrum thing? I know some time back they set the min fee to 1...
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