Topic: Electrum fees question (Read 129 times)
Thx, I think I originally missed that website was in bytes not kilobytes and now it makes since since it shows 2.6 mBTC free to be confirmed in 24 blocks
With dynamic fees it was asking for 3+ mBTC as the minimum and manually I can set it at 0.3 mBTC at minumum. I check prediction bitcoin fees website and they say cheapest fee is 0.005 mBTC. How come there is such huge difference?
For 5mbtc per kilobyte (0.005btc/KB) it'll get confirmed within the next block. The 0.003btc per kilobyte is considered to be the amount currently to get your transaction confirmed in 25blocks (about 4-5 hours). As every block is found on average every 9-10 minutes.
With dynamic fees it was asking for 3+ mBTC as the minimum and manually I can set it at 0.3 mBTC at minumum. I check prediction bitcoin fees website and they say cheapest fee is 0.005 mBTC. How come there is such huge difference?
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