you should start using a wallet that gives you two main things:
- an accurate estimation of the fees
- ability to make RBF transactions.
the first one is going to be more than enough, if the wallet is suggesting good estimated fees you would never have to change the fees with RBF, Core and Electrum are the two that i know does this properly. and for RBF the electrum is pretty easy to use.
you just click on the transaction and click increase.
Topic: Considering a Trx Today, What is an Appropriate Miner's Fee? (Read 366 times)
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Ahh! Thank you for the clarification. Yeah, my upcoming trx would be stuck in Bitcoin Purgatory for a looooonnnngggg time underpaying that much.
I sure hope that the developers and miners reach a deal (to resolve the scaling problems) like is rumored. I'm getting tired of all the drama and wankerism.
Ahh! Thank you for the clarification. Yeah, my upcoming trx would be stuck in Bitcoin Purgatory for a looooonnnngggg time underpaying that much.
I sure hope that the developers and miners reach a deal (to resolve the scaling problems) like is rumored. I'm getting tired of all the drama and wankerism.
You can do the maths from the recommended fees page. It'll be fast enough for you since it gets your transactions into the next block (in nearly all cases).
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
0.0033 seems a little cheap thoughQuote from: bitcoinfees.21.co
The fastest and cheapest transaction fee is currently 330 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
You can do the maths from the recommended fees page. It'll be fast enough for you since it gets your transactions into the next block (in nearly all cases).
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
Quote from: bitcoinfees.21.co
The fastest and cheapest transaction fee is currently 330 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
Many thanks, Qartada. When I pull the trigger (a purchase of platinum), I will pay at least what you recommend -- bearing in mind any change in the mempool. BTC @ $2240 makes my trigger fingers wanna pull....
0.0033 seems a little cheap though, although that works out to pretty close to the $1.00 / address rule of thumb I was recently using. But, I'll let you know what I send when I do, maybe by PM. It has to go through pretty fast, or my order might get rejected.
You can do the maths from the recommended fees page. It'll be fast enough for you since it gets your transactions into the next block (in nearly all cases).
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
Quote from: bitcoinfees.21.co
The fastest and cheapest transaction fee is currently 330 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
For the median transaction size of 226 bytes, this results in a fee of 74,580 satoshis.
Now you can do the maths:
-226 / 1000 = 4.42477. That's what you have to multiply 74,580 satoshi to get the recommended fee for 1000 bytes.
-74,580 x 4.42477 = 330000 satoshi. That's what you need to pay, and you can do the same maths no matter what the recommended fee per byte is at the time.
330000 satoshi = 0.003 Bitcoin.
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I just had a quick look around a couple of recent blocks, and I saw several trx in the range of about BTC0.004 (with size around 226 bytes).
I want a quick confirmation (business, timeliness is important), but obviously don't want to pay too much (or at least WAY too much). I am not sure how many addresses would be involved in sending out my BTC, perhaps three or four, so the size of my trx would be around 1000 bytes.
Would BTC0.016 or so (+/- $20) be too much? About right? Thoughts appreciated.
I just had a quick look around a couple of recent blocks, and I saw several trx in the range of about BTC0.004 (with size around 226 bytes).
I want a quick confirmation (business, timeliness is important), but obviously don't want to pay too much (or at least WAY too much). I am not sure how many addresses would be involved in sending out my BTC, perhaps three or four, so the size of my trx would be around 1000 bytes.
Would BTC0.016 or so (+/- $20) be too much? About right? Thoughts appreciated.
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