Topic: How to handle dynamic fees with bitcoind server? (Read 555 times)
Yes, that looks like it should work and help get your transactions confirmed.
Hello,
2 days ago all my new transactions got stuck not being confirmed by network - i assume that it is because paytxfee=0.0001 which made fees like 1s=1b (right?)
My software use simple "sendfrom" so i think the best solution for me is to set something like this (pseudocode)
$val = bitcoin-cli estimatefee 6
if($val > 0 && $val < 0.01) {
bitcoin-cli settxfee $val
} else {
error("Fee out of control")
}
and run this piece of code like every hour from crontab at server? Would it be enough? Is this rock solid solution for fighting unconfirmed transactions?
2 days ago all my new transactions got stuck not being confirmed by network - i assume that it is because paytxfee=0.0001 which made fees like 1s=1b (right?)
My software use simple "sendfrom" so i think the best solution for me is to set something like this (pseudocode)
$val = bitcoin-cli estimatefee 6
if($val > 0 && $val < 0.01) {
bitcoin-cli settxfee $val
} else {
error("Fee out of control")
}
and run this piece of code like every hour from crontab at server? Would it be enough? Is this rock solid solution for fighting unconfirmed transactions?
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