It didn’t let me go forth with that though... greyed out the slider and everything...
Preferences > Edit fees manually > then try again 
Topic: [Aug 2022] Mempool empty! Use this opportunity to Consolidate your small inputs! - page 58. (Read 88281 times)
December 09, 2018, 07:51:53 AM
December 09, 2018, 07:42:53 AM
Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
You can manually adjust the fee in Electrum.It didn’t let me go forth with that though... greyed out the slider and everything...
I’ll have to try it again sometime, i probably went wrong somewhere.
I’ll move some to lightning in the summer and put the rest in cold storage so it shouldn’t matter...
December 07, 2018, 02:46:58 PM
Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
You can manually adjust the fee in Electrum. December 07, 2018, 02:40:58 PM
I feel this thread should be more active. Since fees are still low and I have within 25 blocks transactions taking just an hour to clear (at most). It’s probably good to try and keep it bumped...
Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
Although electrum doesn’t go below 2 says per byte now (since I last tried it anyway).
November 17, 2018, 04:17:18 AM
Interesting subject, it put another perspective in the Bitcoin process. The Fees and the number of inputs, maybe auto-optimizing should be a feature, most people wouldn't know how to consolidate their wallet.
October 15, 2018, 10:12:35 PM
It's once again starting to appreciate higher from previous days and I even saw mempool clogged with too many transactions during last few days. I've had a test transaction that went wrong, I checked how much time does it take to confirm and didn't add more fee (intentionally kept priority at normal) and it turned grey for me. This is the transaction that confirmed after ~9 hours - https://www.blockchain.com/btc/tx/fb266692b2b43d511be23f6de16c9eeb63af331f9c444b65a07ccf076c89b695
I also have a thread regarding this - https://bitcointalksearch.org/topic/just-a-test-transaction-and-finally-stuck-5050686
P.S.: Posted my thread reference here for others to learn not to make such mistakes.
I also have a thread regarding this - https://bitcointalksearch.org/topic/just-a-test-transaction-and-finally-stuck-5050686
P.S.: Posted my thread reference here for others to learn not to make such mistakes.
September 22, 2018, 12:05:27 AM
I am really, really interested to see what happens to fees this time around if movement heats up big time again.
Is it anywhere related to scaling? Will SegWit also be unable to keep it lower for longer term?
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Since the last glut we've had massively increased batching, more Segwit and - whisper it - Bcash and Bitmain looking weaker than ever so the chance of blockchain spamming by vested interests to scare people into it may be considerably lower.
I think it's good enough for the health of altcoins when Bitcoin blocks go full and fees go high (just a thought), as everyone starts to look for alternatives to cope up with the situation that occurs everytime the network becomes malicious with spamming and needs to get many of those big fee transactions flushed out for these low-fee days to be seen again.
September 01, 2018, 03:05:37 PM
I am really, really interested to see what happens to fees this time around if movement heats up big time again.
Since the last glut we've had massively increased batching, more Segwit and - whisper it - Bcash and Bitmain looking weaker than ever so the chance of blockchain spamming by vested interests to scare people into it may be considerably lower.
Since the last glut we've had massively increased batching, more Segwit and - whisper it - Bcash and Bitmain looking weaker than ever so the chance of blockchain spamming by vested interests to scare people into it may be considerably lower.
September 01, 2018, 01:06:19 PM
You don't have to wait to enjoy unfairly cheap transactions! Just grab your phone and install Eclair wallet (Android). Funding a channel is quite easy, you don't even need a tutorial on that.
There are two reasons I haven't done that yet:1. I can't really use it yet where I'd want to use it.
2. I try to install as little apps as possible on my phone, both for security and performance reasons.
Bitcoin Lightning Network (LN)
Basics of the Lightning Network (by BitCryptex)
Lightning Network FAQ (by BitCryptex)
Lightning Network simply explained (Youtube video)
Basics of the Lightning Network (by BitCryptex)
Lightning Network FAQ (by BitCryptex)
Lightning Network simply explained (Youtube video)
September 01, 2018, 01:02:36 PM
I can't wait to use it indeed!
You don't have to wait to enjoy unfairly cheap transactions! Just grab your phone and install Eclair wallet (Android). Funding a channel is quite easy, you don't even need a tutorial on that. I am eager to help you with that!
What about adding some information about the Lightning Network to your bumps? There are still many people who don't know much about it.
September 01, 2018, 07:45:36 AM
Why it won't last forever 
? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year 
?
I think you just answered your own question: block space is still limited, and whenever blocks are full, fees can skyrocket again. ? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year ?Especially since the most bitcoin users have some sort of one-up mentality regarding fees, causing them to spiral extremely quickly.
It's not only the users, the wallets they use contribute too. If you combine those two, uninformed users cause high fees, and that's one of the reasons I opened this topic.The Lightning Network is great for micro-payments since its transactions are instant and cheap.
I can't wait to use it indeed! August 31, 2018, 02:09:21 PM
Why it won't last forever ? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year ?
? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year ?The cost of transaction depends on the number of transactions in the mempool (unconfirmed transactions) and its size. People who want to have their transaction confirmed in the next block usually pay higher fee than average which slowly leads to growing fees. The number of transactions per block is limited by the block weight which is about 4 MB thanks to SegWit. Keep in mind that some transactions are still made between legacy type of addresses and because of that we won't use the maximum capacity anytime soon. As another user mentioned above, second-layer solutions like the Lightning Network can help but they won't replace on-chain transactions. The Lightning Network is great for micro-payments since its transactions are instant and cheap.
August 31, 2018, 02:05:19 PM
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Why it won't last forever ? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year ?Because in the future the interest in bitcoin will either rise/fall, causing less/more transactions ( as there is a bigger userbase/(Or smaller, but obviously most of us don't think so.)) While the transaction capacity stays the same. = resulting in higher fees.
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40 sat/byte that would be 0.6$/per transaction if I'm correct
The correlation between the sat/b and $ value of the transaction fee is entirely dependent on how "big" your transaction is.
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Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year
If bitcoin is going to become more widely adopted, and doesn't take "counter measures" against that (LN), then yes, there is a huge possibility fees will shoot through the roof again. Especially since the most bitcoin users have some sort of one-up mentality regarding fees, causing them to spiral extremely quickly.
More demand and the same "supply"(=transaction capacitity.)
August 31, 2018, 01:55:34 PM
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Why it won't last forever ? 40 sat/byte that would be 0.6$/per transaction if I'm correct...Are we going to see transactions that cost 10$-50$ and barely gets confirmed again like last year ? 
August 22, 2018, 07:46:41 AM
Relevant information:
Default fees are proposed to be lowered in Bitcoin 0.18.0
Basically, the minimum will drop from 1sat/vbyte to 0.2sat/vbyte.
0.18.0 is scheduled for release in March 2019, which assumes nothing delays the release. And it may take time for the full effects be felt on the network, as miners may still refuse transactions less than 1sat/vbyte for a while (until a large enough backlog of < 1sat/vbyte transactions develops, I should imagine). Maybe this time next year we could be celebrating even cheaper fees
Default fees are proposed to be lowered in Bitcoin 0.18.0
Basically, the minimum will drop from 1sat/vbyte to 0.2sat/vbyte.
0.18.0 is scheduled for release in March 2019, which assumes nothing delays the release. And it may take time for the full effects be felt on the network, as miners may still refuse transactions less than 1sat/vbyte for a while (until a large enough backlog of < 1sat/vbyte transactions develops, I should imagine). Maybe this time next year we could be celebrating even cheaper fees
August 20, 2018, 12:23:31 AM
You might want to put the date in the subject of the 1st post.
I've added the month to the title. Fees have been low on most days for the past half year.I also noticed the OP still said "20 sat/byte can confirm within 3 hours". When I created that thread, that was a really low value. Now, 1 sat/byte is likely to be enough. I've updated this and a few other small details.
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Or see if there is a way to sticky this.
Only Mods can do that. 
August 19, 2018, 09:06:04 PM
You might want to put the date in the subject of the 1st post.
Or see if there is a way to sticky this.
This way when someone is scrolling through the forum they might get the bump to say "Oh, that's right I have all this dust to merge into 1 address. I know fees are low today (19-Aug) and you know fees are low today, posting the last date would help the casual user / person who browses the forum to know that fees are low today.
-Dave
Or see if there is a way to sticky this.
This way when someone is scrolling through the forum they might get the bump to say "Oh, that's right I have all this dust to merge into 1 address. I know fees are low today (19-Aug) and you know fees are low today, posting the last date would help the casual user / person who browses the forum to know that fees are low today.
-Dave
August 04, 2018, 07:52:24 AM
yes I was doing some tests I have TX that are
Total Input 0.07330624 BTC
Total Output 0.07327012 BTC
Fees 0.00003612 BTC
Fee per byte 14.054 sat/B
Time to confirm - + 10 Minutes 43 Sec
and I tested another
Total Input 0.11017229 BTC
Total Output 0.11016775 BTC
Fees 0.00000454 BTC
Fee per byte 1.816 sat/B
Time to confirm - + 27 Minutes 12 Sec
Both tx's were broadcast after last block announced for comparison. While the lower fee TX was for higher amount was interesting to see position from tip move for both TX
I do agree lower fee TX is what people want like you said in original post some people leave it to tug of war game and let wallet decided. many just send and forget.
Total Input 0.07330624 BTC
Total Output 0.07327012 BTC
Fees 0.00003612 BTC
Fee per byte 14.054 sat/B
Time to confirm - + 10 Minutes 43 Sec
and I tested another
Total Input 0.11017229 BTC
Total Output 0.11016775 BTC
Fees 0.00000454 BTC
Fee per byte 1.816 sat/B
Time to confirm - + 27 Minutes 12 Sec
Both tx's were broadcast after last block announced for comparison. While the lower fee TX was for higher amount was interesting to see position from tip move for both TX
I do agree lower fee TX is what people want like you said in original post some people leave it to tug of war game and let wallet decided. many just send and forget.
August 04, 2018, 07:28:43 AM
from 5-15 sato/byte you can still be positon close to the tip for the next block.
If you pay that much, you're still overpaying. I just made this transaction, which confirmed in 9 minutes with just 1.151 sat/byte. That's $0.04 to send funds to 10 legacy addresses. August 04, 2018, 07:21:21 AM
Very good write up and topic I like to keep my eye on the blocks and the unconfirmed rate and wait for a suitable time to send the transactions helps even with low fee waiting untill a block is announced on the explorer and sending at this moment I find even with the lower end of the scale from 5-15 sato/byte you can still be positon close to the tip for the next block.
@LoyceV best consolidate those euros
@LoyceV best consolidate those euros
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