Alternatively you can use: https://bitcoinfees.21.co/
Alternatively you can use: https://bitcoinfees.21.co/
Can someone enlighten me? Can someone explain it.
What are thos link I clicked it all I see is charts and rates of Bitcoins and Satoshi.
Please and thank you for a helpful and understandable answers for noob like me.
If you open that page, you'll see that at the time of writing, the mempool contains
~10k unconfirmed transactions with a fee between 0 and 20 sat/byte
~8k unconfirmed transactions with a fee between 21 and 40 sat/byte
~1k unconfirmed transactions with a fee between 41 and 60 sat/byte
...
Since a block contains ~2000 transactions, your fee should be high enough to put you in the top 2000 transactions, that way you have a decent chance of getting your tx into the next block.
The graph also shows you the estimated waiting time for a 95% chance of getting into the next x blocks with any given transaction fee. For example, at the time of writing, adding a 20 sat/byte fee will give you a 95% chance of getting your transaction confirmed within 840 minutes.
Under the graph, there is a text that currently reads:
Quote
Which fee should I use?
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
So, basically, if you add a fee of 180 sat/byte, you should be fine.
good to know about this. Thanks for the info.
