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Topic: Bitcoin network congestion (even with Bench32 add.). Raise fees if you're hurry! - page 2. (Read 364 times)

full member
Activity: 364
Merit: 127
To conclude, I would like to announce this current situation for someone who wanted to make transactions via Bench32 addresses today, they should inrease fees much higher than minimum figures if they have urgent needs.

Lol, just set it to optimum fee and it will be confirmed in a jiffy. Addressing it to a minimum will really take a few hours if the network is congested.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever

The current best transaction rate as per btc.com is 0.00001btc which is 1 Satoshi per byte. The fees is not so high.
Why can't we just use the optimum fees ? Saving a few chunks won't get us a white house.
hero member
Activity: 2366
Merit: 838
Today, I sent Bitcoin using Segwit eligible address (Bench32), with minimum fees.
I often sent my bitcoin out of Electrum with fee option set at minimum, because I don't have reason to hurry too much that put me to increase transaction fees.
Transactions via Bench32 addresses often finished in less than 30 minutes, or even faster.
However, it has not been confirmed fastly like usual today.
My transaction has still been unconfirmed around one hour and a half of hour.

On the other hand, there are more than 8000 unconfirmed transactions on the Bitcoin legacy network.
https://www.blockchain.com/btc/unconfirmed-transactions

To conclude, I would like to announce this current situation for someone who wanted to make transactions via Bench32 addresses today, they should inrease fees much higher than minimum figures if they have urgent needs.
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