From my understanding with all the things that you said. You are looking for a way to know how much is your sending fee comparing to fiat money is that right?
We are also frustrated with understanding your question.
E.g. If you want to make a purchase like $10 the amount of fee that you will be paying will be just cents if you convert to bitcoin. You could just put it in optimum fee don't make any changes into the fees as it will be confirmed by miners in less than an hour or so.
Topic: How do if the Bitcoin Sending Fee will be super high or super low? - page 4. (Read 725 times)
March 25, 2019, 02:19:30 AM
March 25, 2019, 02:18:51 AM
I need to read it few times in order to understand the main problem you wants to share. Are you getting problem in blockchain wallet especially about the fee? I'm using blockchain wallet in my android phone as well, but I have never experienced any issues. If your main problem is in deciding the fee you need to pay to send, blockchain gives you 3 options to choose and I usually use the priority fee so my transaction will be confirmed faster.
March 25, 2019, 01:47:51 AM
your whole topic is hard to understand, you should really try to improve your English or visit the local board and post in your own language instead.
i don't know what you have in mind when you say "blockchain wallet" but if it is not about the blockchain.com wallet then the answer is that any wallet that is designed by a competent developer has a good fee estimation based on the memory pool. for example Electrum contacts Electrum nodes which run modified bitcoin-core and they will give it the appropriate fee and the user can set it to the recommended value depending on his needs.
that is completely wrong. it has nothing to do with number of miners because with difficulty adjustments number of miners wouldn't matter anymore.
is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees
i don't know what you have in mind when you say "blockchain wallet" but if it is not about the blockchain.com wallet then the answer is that any wallet that is designed by a competent developer has a good fee estimation based on the memory pool. for example Electrum contacts Electrum nodes which run modified bitcoin-core and they will give it the appropriate fee and the user can set it to the recommended value depending on his needs.
It's also about the number of miners in the system. As the number of miners increases, the ratio of the demand is increased and the fee falls.
that is completely wrong. it has nothing to do with number of miners because with difficulty adjustments number of miners wouldn't matter anymore.
March 25, 2019, 01:35:45 AM
Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
Actually, it's simple. It's all about supply-demand. As the transaction supply increases, transaction fee increases.
It's also about the number of miners in the system. As the number of miners increases, the ratio of the demand is increased and the fee falls.
You can still find a great&technical answer in mining section if you want. There are a lot of thread in there.
https://bitcointalk.org/index.php?board=14.0
March 25, 2019, 01:15:34 AM
Do I find out the hard way after I make my purchase with the educated guess that Bitcoin pricing is stable long enough that from my understanding the more popular Bitcoin is worth and the more money each Bitcoin is worth among other factors is what influences the Bitcoin Fee is there an app of some sort I can use on my Cell Phone to let me know the current Blockchain Wallet Sending Fees will be as that is the Wallet I am using for simply Sending Bitcoin into and Sending out of.
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
Any help explaining how this works would be greatly appreciated as it is frustrating not knowing what my Bitcoin Fee is going to be hence I don't know how much money in Bitcoin more than what I am spending on my purchase that I need to acquire?
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