Author

Topic: Tf is with the fee (7 day one is the same) (Read 169 times)

newbie
Activity: 3
Merit: 0
January 06, 2018, 11:30:41 PM
#6
I have 14.66 usd in bitcoin and I wanna buy something that coasts about 10 usd in bitcoin, but the transaction fee is over 20 usd in bitcoin...

Should I just change currencies? or wait until the fees go down? OR should re-install bitcoin core too see if anything changes.
legendary
Activity: 1946
Merit: 1427
January 06, 2018, 06:23:02 AM
#5


The hell is with the fee, last time I paid less than 3 bucks, now you are asking me to pay this much!?

Not sure when the "last time" was when you made a transaction, but the mempool has increased, which could be the reason for an increase in fees, or your output is different then last time ( more bytes, more small outputs)

Have you broadcastes yet? Could you give a tx ID?

The last time I made a transaction was on the 3'rd of December, and I have no clue how you broadcast, kinda new.

This was my last transaction:

Status: 5366 confirmations
Date: 3/12/2017 10:22
To: 1BHUbcsYPasyfKs7p5y7rSs1ATCBBUk5EQ
Debit: -0.00070600 BTC
Transaction fee: -0.00016032 BTC
Net amount: -0.00086632 BTC
Transaction ID: d80501e1a652ce6bd9e22a6b78b108ea16118b6c6a7108a0ad6636415ac3af23
Transaction total size: 226 bytes
Output index: 1


By broadcasting i simply mean if you have sent out the new transaction yet, so i could see if your transaction had either alot of dust, or if it was simply an error of your wallet ( by not calculating the right fees).


https://blockchain.info/tx/d80501e1a652ce6bd9e22a6b78b108ea16118b6c6a7108a0ad6636415ac3af23

This transaction indeed has quite a low fee compared to today's standards, ( only 70 sat/b while the norm today is around ~550sat/b for a transaction that you want to confirm fast.)

So you shouldn't be too worried if your wallet is suggesting you to atleast pay x2/x3 that amount today, since that is currently the median ( ~220sat/b)
newbie
Activity: 3
Merit: 0
January 04, 2018, 09:59:02 PM
#4
https://cdn.discordapp.com/attachments/216471336388788226/398501269553283082/unknown.png

The hell is with the fee, last time I paid less than 3 bucks, now you are asking me to pay this much!?

Not sure when the "last time" was when you made a transaction, but the mempool has increased, which could be the reason for an increase in fees, or your output is different then last time ( more bytes, more small outputs)

Have you broadcastes yet? Could you give a tx ID?

The last time I made a transaction was on the 3'rd of December, and I have no clue how you broadcast, kinda new.

This was my last transaction:

Status: 5366 confirmations
Date: 3/12/2017 10:22
To: 1BHUbcsYPasyfKs7p5y7rSs1ATCBBUk5EQ
Debit: -0.00070600 BTC
Transaction fee: -0.00016032 BTC
Net amount: -0.00086632 BTC
Transaction ID: d80501e1a652ce6bd9e22a6b78b108ea16118b6c6a7108a0ad6636415ac3af23
Transaction total size: 226 bytes
Output index: 1
HCP
legendary
Activity: 2086
Merit: 4318
January 04, 2018, 06:11:31 PM
#3
That fee display has nothing to do with transaction size... it is just showing the fee rate... which is "only" showing as 128 sats/byte (hence the 3 day wait)...

If he thinks 128 sats/byte is bad, OP is in for a shock we he sees the current "recommended" fees of 450+ sats/byte here: https://bitcoinfees.earn.com/ and here: https://btc.com/stats/unconfirmed-tx Roll Eyes

Welcome to Bitcoin 2018...
legendary
Activity: 1946
Merit: 1427
January 04, 2018, 11:52:47 AM
#2


The hell is with the fee, last time I paid less than 3 bucks, now you are asking me to pay this much!?

Not sure when the "last time" was when you made a transaction, but the mempool has increased, which could be the reason for an increase in fees, or your output is different then last time ( more bytes, more small outputs)

Have you broadcasted yet? Could you give a tx ID?
newbie
Activity: 3
Merit: 0
January 04, 2018, 11:46:05 AM
#1
https://cdn.discordapp.com/attachments/216471336388788226/398501269553283082/unknown.png

The hell is with the fee, last time I paid less than 3 bucks, now you are asking me to pay this much!?
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