Topic: Transaction fees got higher ? (Read 671 times)
Ok, thank you all for the good replies, now I will check before if I have an urgent transaction to see if the blockchain is jammed or not and put the fee accordingly.
How more unconfirmed transactions there are the longer you can wait for it got processed. I found on this forum a nice website http://www.bitcoinqueue.com/ you can read more about it here: https://bitcointalksearch.org/topic/bitcoinqueuecom-real-time-queue-charts-1511347. There you can easily see how much unconfirmed transaction there are on what time and how you can calculate the fees.
Hello, I used to do transactions with 25 sat/byte and it would be confirmed in 10 minutes at max. Now I use 60 sat/byte and it takes hours to confirm, did the miners raise their fees for confirming transactions ?
No, blocks are getting filled to the brim, not a sign of them raising their criteria for fee. The problem is the huge influx of transactions that pays a higher or equal fee than you. You can try to use bitcoinfees.21.co as a estimate for TX fee.Shouldn't fees be a bit lower now that Bitcoin is more expensive ?
No, they can choose not to do that. If they did set a limit, they would likely have no effect on the confirmation times unless its a collective effort by many big miners. But anyway, pools usually don't regulate them unless there is a need (eg. Huge and obvious spam attacks).
I didn't really hear about any increase in fees or anything similar.
It jut depends on the number of transactions at that very specific time. Sometimes they are so many (really a lot) that miners can't catch up with the transactions which leads to delay in confirmations.
It jut depends on the number of transactions at that very specific time. Sometimes they are so many (really a lot) that miners can't catch up with the transactions which leads to delay in confirmations.
Network is congested like it has been for months, sometimes it gets really bad.
Check these:
http://www.bitcoinqueue.com/
https://blockchain.info/unconfirmed-transactions
https://btc.com/stats/unconfirmed-tx
Check these:
http://www.bitcoinqueue.com/
https://blockchain.info/unconfirmed-transactions
https://btc.com/stats/unconfirmed-tx
Hello, I used to do transactions with 25 sat/byte and it would be confirmed in 10 minutes at max. Now I use 60 sat/byte and it takes hours to confirm, did the miners raise their fees for confirming transactions ?
Shouldn't fees be a bit lower now that Bitcoin is more expensive ?
Shouldn't fees be a bit lower now that Bitcoin is more expensive ?
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