Topic: Low transactions fees but fast - page 2. (Read 1730 times)
So indirectly caused by the news and price dropping, the network was less busy, I guess. The fees were higher than now for months, also as price was under 3000$.
As ranochigo says, network doesn't have as many transactions as two weeks before. You can take a look yourself here: https://blockchain.info/unconfirmed-transactions
Right now I'm looking at it and there's 1,100++ . It's been at very low levels for as far as I can remember this week. Potentially, any block found next should be able to clear that entire backlog immediately. And this has happened with me twice with 10 sats/byte fee transactions, where I was confirmed in the following block. In fact, the last few blocks have all not been full, so I'm guessing the miners are just filling up with whatever they can find.
Two weeks ago, you were competing with tens of thousands of other txs. Miners in general will include txs with higher fees in their blocks. So you always have to pay a fee somewhat proportional to the network's degree of congestion.
But for a better estimate, you can refer to this instead: https://bitcoinfees.21.co/
According to that right now, even a 1 sat/byte fee gives you a 90% chance of getting confirmed in the next block. Even 0 fees could be confirmed in 6 hours
Right now I'm looking at it and there's 1,100++ . It's been at very low levels for as far as I can remember this week. Potentially, any block found next should be able to clear that entire backlog immediately. And this has happened with me twice with 10 sats/byte fee transactions, where I was confirmed in the following block. In fact, the last few blocks have all not been full, so I'm guessing the miners are just filling up with whatever they can find.
Two weeks ago, you were competing with tens of thousands of other txs. Miners in general will include txs with higher fees in their blocks. So you always have to pay a fee somewhat proportional to the network's degree of congestion.
But for a better estimate, you can refer to this instead: https://bitcoinfees.21.co/
According to that right now, even a 1 sat/byte fee gives you a 90% chance of getting confirmed in the next block. Even 0 fees could be confirmed in 6 hours
Neither. The amount of tranaactions on the network has decreased substantially, as compared to weeks before when most transactions were paying upwards of 400 satoshi. The frequency of the blocks was quite high within the previous hour or so and the number of unconfirmed transactions were cleared in a relatively short period of time.
The factor affecting the volume of transaction is another thing altogether.
The factor affecting the volume of transaction is another thing altogether.
Sent just a transaction with priority and had 10 % of fees, I had two weeks before. Transaction went through very fast.
Is it because of price dropping (China news) or a new upgrade?
Is it because of price dropping (China news) or a new upgrade?
Jump to: