Topic: Low transaction fee :( (Read 1292 times)

Quote from: ranlo on July 04, 2015, 08:52:10 AM

So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

It depends on the size of the transaction and network load. 0.00001/kb is fine for non urgent transactions while 0.0001/kb is better for fast transactions. However, the network load can still affect the confirmation speed seen from the recent stress test and most people had to pay 0.0002BTC/kb to get fast confirmations.

I specifically stated to remain competitive. Stating that I'm wrong and then bringing up costs for less important transactions means you didn't read my post. If you don't need it confirmed quickly, that transaction is less of a priority and therefore you don't need competitive fees. No crap. You don't need ANY fees in this case.

That is not true. Even if the coin age is high, some miners may not include your transaction if it has no fees because it decrease their profit.

I run that as a test every couple months. I've yet to have an issue with it -- they usually confirm within 3 blocks.

Edit: this isn't to say it won't be an issue in the future, though. But with the increasing block sizes and such on the horizon, I don't think it will be.

Muhammed Zakir

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Quote from: ranochigo on July 04, 2015, 07:08:34 AM

So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

It depends on the size of the transaction and network load. 0.00001/kb is fine for non urgent transactions while 0.0001/kb is better for fast transactions. However, the network load can still affect the confirmation speed seen from the recent stress test and most people had to pay 0.0002BTC/kb to get fast confirmations.

I specifically stated to remain competitive. Stating that I'm wrong and then bringing up costs for less important transactions means you didn't read my post. If you don't need it confirmed quickly, that transaction is less of a priority and therefore you don't need competitive fees. No crap. You don't need ANY fees in this case.

That is not true. Even if the coin age is high, some miners may not include your transaction if it has no fees because it decrease their profit.

hcf27

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Quote from: ?? on ??

Quote from: ranochigo on July 04, 2015, 07:08:34 AM

So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

it took the transaction ~13 minutes to get confirmation so it was ok.
the time-frame of 5-15 minutes is usually what my experience is with confirmations.

It took 828 minutes to be exact

"Summary
Size   977 (bytes)
Received Time   2015-06-30 11:43:50
Included In Blocks   363279 ( 2015-07-01 01:31:26 + 828 minutes )"

ranlo

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So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

It depends on the size of the transaction and network load. 0.00001/kb is fine for non urgent transactions while 0.0001/kb is better for fast transactions. However, the network load can still affect the confirmation speed seen from the recent stress test and most people had to pay 0.0002BTC/kb to get fast confirmations.

I specifically stated to remain competitive. Stating that I'm wrong and then bringing up costs for less important transactions means you didn't read my post. If you don't need it confirmed quickly, that transaction is less of a priority and therefore you don't need competitive fees. No crap. You don't need ANY fees in this case.

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So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

It depends on the size of the transaction and network load. 0.00001/kb is fine for non urgent transactions while 0.0001/kb is better for fast transactions. However, the network load can still affect the confirmation speed seen from the recent stress test and most people had to pay 0.0002BTC/kb to get fast confirmations.

hcf27

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So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

Thanks for the info, yeah I put it up to 0.0002

My transaction took 871 to confirm haha, so yeah pretty annoying

ranlo

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Quote from: hcf27 on June 30, 2015, 05:14:46 PM

So, I have a medium Priority transaction that is not confirming, I know I have to wait but just wanted to know if this is happened to any of you and how long have you actually waited?...

I have read that it can take up to a week if you dont pay any fees, but I did, I paid the normal fee that Electrum charges me and it was always fine, only this time it is "medium priority"

Anywayz, here is the transaction: https://blockchain.info/tx/ca044196bde76b52dc49f3f3b4d3f4c1ae493d92fa4f5b45dd35ec1ca9fbc33a

Thanks!

To answer this question (I know it has been confirmed now), you really need 0.0002 BTC in fees to be competitive. Most places use 0.0001 BTC or higher. When you go lower than 0.0001, I believe it's almost the equivalent to not adding any fees at all (i.e., sending the transaction with NO fees). That said, they will still confirm, once it's gotten to the point where its age has brought it to a more "desirable" state.

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Quote from: gentlemand on June 30, 2015, 05:04:32 PM

https://blockchain.info/tx/12c1338c47c9682b1fb9eea9fbb1746da31f772a5e77cd8d577505ca5dc0004a

Very Soon (High Priority) but still not confirmed Roll Eyes

The blockchain stress,

All blocks today seem pretty full, read this on reddit:

https://www.reddit.com/r/Bitcoin/comments/3bmfty/situation_with_blocks_today/

Nope, there is still a pool mining empty block now Sad

See block 363266 (link: https://blockchain.info/block/0000000000000000088390da860e3624e9c6f3162dcce3f2f166bb371e018de7)
I don't know why while there are so many unconfirmed transactions, but they still mine empty blocks!!!

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There's been the 'stress testing' that's been happening today. I don't know how organised it's been or whether it had much effect. I didn't pay much attention. I guess the people who really wanted to get past that accounted for it and stuck a higher fee in.

another stress testing?

They should be rare, and now they are really prejudicing the users.

Few more in such short time and they should be called stress attacks

hcf27

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Quote from: lorylore on June 30, 2015, 05:18:00 PM

https://blockchain.info/tx/12c1338c47c9682b1fb9eea9fbb1746da31f772a5e77cd8d577505ca5dc0004a

Very Soon (High Priority) but still not confirmed Roll Eyes

The blockchain stress,

How long does the blockchain stress take? I saw a thread here about this but how long?

I am not sure, until they decide to stop I guess, until they proove their point, whatever that is..

With all this going on lately I have been finding litecoin more and more attractive..

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Quote from: gentlemand on June 30, 2015, 05:13:07 PM

https://blockchain.info/tx/12c1338c47c9682b1fb9eea9fbb1746da31f772a5e77cd8d577505ca5dc0004a

Very Soon (High Priority) but still not confirmed Roll Eyes

The blockchain stress,

How long does the blockchain stress take? I saw a thread here about this but how long?

hcf27

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Quote from: gentlemand on June 30, 2015, 05:04:32 PM

There's been the 'stress testing' that's been happening today. I don't know how organised it's been or whether it had much effect. I didn't pay much attention. I guess the people who really wanted to get past that accounted for it and stuck a higher fee in.

Oh was that today? I thought it was last week...well if my transaction got cought in the middle of a stress test I guess I could be waiting a while haha.

Not sure what the point of this tests are, I suppose they benefit the miners who receive higher fees

Yup. Last week. Then there was supposed to be another one a few days ago that didn't do much. Then one today. I don't know what they hope to achieve but that's the most likely reason you're getting held up.

Oh.. ok.. crap! lol

Thanks for the info

hcf27

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https://blockchain.info/tx/12c1338c47c9682b1fb9eea9fbb1746da31f772a5e77cd8d577505ca5dc0004a

Very Soon (High Priority) but still not confirmed Roll Eyes

The blockchain stress,

All blocks today seem pretty full, read this on reddit:

https://www.reddit.com/r/Bitcoin/comments/3bmfty/situation_with_blocks_today/

real789

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If you can't understand my post please report it

https://blockchain.info/tx/12c1338c47c9682b1fb9eea9fbb1746da31f772a5e77cd8d577505ca5dc0004a

Very Soon (High Priority) but still not confirmed Roll Eyes

The blockchain stress,

gentlemand

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Welt Am Draht

Quote from: gentlemand on June 30, 2015, 05:04:32 PM

There's been the 'stress testing' that's been happening today. I don't know how organised it's been or whether it had much effect. I didn't pay much attention. I guess the people who really wanted to get past that accounted for it and stuck a higher fee in.

Oh was that today? I thought it was last week...well if my transaction got cought in the middle of a stress test I guess I could be waiting a while haha.

Not sure what the point of this tests are, I suppose they benefit the miners who receive higher fees

Yup. Last week. Then there was supposed to be another one a few days ago that didn't do much. Then one today. I don't know what they hope to achieve but that's the most likely reason you're getting held up.

hcf27

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Quote from: lorylore on June 30, 2015, 05:10:10 PM

Quote from: gentlemand on June 30, 2015, 05:04:32 PM

There's been the 'stress testing' that's been happening today. I don't know how organised it's been or whether it had much effect. I didn't pay much attention. I guess the people who really wanted to get past that accounted for it and stuck a higher fee in.

Oh was that today? I thought it was last week...well if my transaction got cought in the middle of a stress test I guess I could be waiting a while haha.

Not sure what the point of this tests are, I suppose they benefit the miners who receive higher fees

hcf27 after this what do you think, does it worth paying low tx fees ? i think no if you have 0.0001 in your balance

I put my fees higher up to 0.0002 per kb, thing is this was a default setting on my electrum and I never had an issue, so its not like I intentionally tried to save up 0.0001 on fees lol

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