The solution for high fees: We decided to share the fees by the campaign members. Here is how it works.
Let's understand how we calculated the fees, until the mempool become normal we will continue calculating the fees this way.
The formula is to take fees from every members based on the percentage they have allocated from the btc we spent in that specific week.
This means everyone is participating in the transaction fees. I hope this is the best solution. We don't need to wait for two weeks or four weeks payment interval.
Let me know your thoughts.
If I had to plan to pay bi-weekly or four weeks interval then I have to hold a lot of BTC. Currently in total I hold over 1 BTC in my 2 of 2 multi-sig wallet. For a four weeks interval payment my wallet will have over 5 BTC before I complete a whole cycle of payment for each interval.
My wallet is very secure (one needs to access two device to move any fund) but still I do not feel comfortable to hold such amounts in the escrow wallet. So I decided to clear every week's payment as quick as possible. So that I do not feel the burden.
As a solution, taking a very small amount of BTC from every output address make much sense. The amount is so small for individuals that one can easily ignore. I hope that explains why we decided to share the fees. Many members suggested the same, thanks to all.
W44 payment has been rebroadcasted with higher fees
The cost for this new transaction was 0.00059976 BTC which was equally deducted from all the output addresses, percentage wise. The deduction has been reflected in W45 payment.
Payment sent for Week#45 (it will take a few days to confirm, please be patience)
Fees deducted from the transaction: 0.0006035 BTC
Current balance in the escrow address: 0.08505042 BTC
Please
check spreadsheet (W45). If you have any issue then please drop a message on the telegram group or below on this thread. I will check. Please do not PM or DM me about post count etc.
We have another very good week. Thank you to all.