Author

Topic: Very high tx fee in mycelium (Read 160 times)

legendary
Activity: 2562
Merit: 1064
July 02, 2018, 06:59:42 AM
#12
That's the only reason why I don't use Mycelium anymore, and I mean the only reason.  I love the wallet otherwise, but not having the ability to set the fee lower than their minimum is just ridiculous.  Last year I had money basically stuck in the wallet because in order to send about $175, it would have cost me over $40.  Network fees have come down considerably since then, but I learned my lesson from that.  

Mycelium also doesn't support segwit, and that was another factor in my decision to ditch it.  I could have lived without the segwit thing, but it's the fee that was the deal-breaker.  It's too bad the developers aren't updating the wallet, because they could fix these things easily I would think.
Now I am really confused , Mycelium shows a max of 50 sat fee and default is 8/9/20 and I can get it as low as 1 or 2 sat , is there is something I am missing here  ! . From where you guys getting this high sat fee !

I updated my Mycelium. Was using old version. Now they have slide option, where you can move lower fee to send.
I think it is better to switch on other wallet that can reduce the miners fee like segwit address and don't worry anymore about the fees.
Try to use the electrum on mobile they support segwit addresses and make sure to save your seed phrase because electrum on mobile there's no option to backup private keys.

Last time when I used Electrum mobile version, it was very laggy, now I don't have any issue with mycelium. If I can change fee than I am happy to use Mycelium.
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
July 01, 2018, 06:58:05 PM
#11
That's the only reason why I don't use Mycelium anymore, and I mean the only reason.  I love the wallet otherwise, but not having the ability to set the fee lower than their minimum is just ridiculous.  Last year I had money basically stuck in the wallet because in order to send about $175, it would have cost me over $40.  Network fees have come down considerably since then, but I learned my lesson from that.  

Mycelium also doesn't support segwit, and that was another factor in my decision to ditch it.  I could have lived without the segwit thing, but it's the fee that was the deal-breaker.  It's too bad the developers aren't updating the wallet, because they could fix these things easily I would think.
Now I am really confused , Mycelium shows a max of 50 sat fee and default is 8/9/20 and I can get it as low as 1 or 2 sat , is there is something I am missing here  ! . From where you guys getting this high sat fee !

I updated my Mycelium. Was using old version. Now they have slide option, where you can move lower fee to send.
I think it is better to switch on other wallet that can reduce the miners fee like segwit address and don't worry anymore about the fees.
Try to use the electrum on mobile they support segwit addresses and make sure to save your seed phrase because electrum on mobile there's no option to backup private keys.
legendary
Activity: 2562
Merit: 1064
July 01, 2018, 07:23:49 AM
#10
That's the only reason why I don't use Mycelium anymore, and I mean the only reason.  I love the wallet otherwise, but not having the ability to set the fee lower than their minimum is just ridiculous.  Last year I had money basically stuck in the wallet because in order to send about $175, it would have cost me over $40.  Network fees have come down considerably since then, but I learned my lesson from that.  

Mycelium also doesn't support segwit, and that was another factor in my decision to ditch it.  I could have lived without the segwit thing, but it's the fee that was the deal-breaker.  It's too bad the developers aren't updating the wallet, because they could fix these things easily I would think.
Now I am really confused , Mycelium shows a max of 50 sat fee and default is 8/9/20 and I can get it as low as 1 or 2 sat , is there is something I am missing here  ! . From where you guys getting this high sat fee !

I updated my Mycelium. Was using old version. Now they have slide option, where you can move lower fee to send.
HCP
legendary
Activity: 2086
Merit: 4361
July 01, 2018, 02:53:07 AM
#9
The fee numbers are dynamic... so they change with time. What someone sees "now" is not necessarily what you'll see 2 1/2 hours later...

Currently I see the following sat/byte options for each level:
Low-Prio: 1/1/1
Economic: 1/1/1/1/1/2/3/3/4
Normal: 5/6/7/8/8/18/28/38/48
Priority: 58/70/83/95/107/118/129/140/150

The "default" choices when I slide between Low-Prio/Economic/Normal/Priority are: 1/1/8/107 sats/byte respectively
sr. member
Activity: 840
Merit: 266
June 30, 2018, 03:37:14 PM
#8
That's the only reason why I don't use Mycelium anymore, and I mean the only reason.  I love the wallet otherwise, but not having the ability to set the fee lower than their minimum is just ridiculous.  Last year I had money basically stuck in the wallet because in order to send about $175, it would have cost me over $40.  Network fees have come down considerably since then, but I learned my lesson from that.  

Mycelium also doesn't support segwit, and that was another factor in my decision to ditch it.  I could have lived without the segwit thing, but it's the fee that was the deal-breaker.  It's too bad the developers aren't updating the wallet, because they could fix these things easily I would think.
Now I am really confused , Mycelium shows a max of 50 sat fee and default is 8/9/20 and I can get it as low as 1 or 2 sat , is there is something I am missing here  ! . From where you guys getting this high sat fee !
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
June 30, 2018, 12:59:06 PM
#7
That's the only reason why I don't use Mycelium anymore, and I mean the only reason.  I love the wallet otherwise, but not having the ability to set the fee lower than their minimum is just ridiculous.  Last year I had money basically stuck in the wallet because in order to send about $175, it would have cost me over $40.  Network fees have come down considerably since then, but I learned my lesson from that. 

Mycelium also doesn't support segwit, and that was another factor in my decision to ditch it.  I could have lived without the segwit thing, but it's the fee that was the deal-breaker.  It's too bad the developers aren't updating the wallet, because they could fix these things easily I would think.
sr. member
Activity: 840
Merit: 266
June 30, 2018, 12:51:32 PM
#6
When normal tx fee is 1-2 satoshi each byte, in Mycelium it's 80-130 satorshi each byte. How Mycelium can be so incapable not setting normal fee in their wallet?
I do not know what kind of problem you have, but mycelium have fee of 8 sat-economic  9 sat-normal  20 sat-priority as default on my APP and I can change the slider for less if I want but I just use default . 80-130 is totally not normal, maybe you accidentally changed the slider without notice but even in that case the maximum sat is 50 in the slider . ( I am talking about Android version )
full member
Activity: 448
Merit: 110
June 30, 2018, 12:29:54 PM
#5
When normal tx fee is 1-2 satoshi each byte, in Mycelium it's 80-130 satorshi each byte. How Mycelium can be so incapable not setting normal fee in their wallet?
Why not tweak the miner fee to 1 sat/byte yourself? Yes, I understand that the 1 sat/byte option is listed as low priority but your transaction will still get confirmed all the same. It's not like there are that many bitcoin transactions in the mempool like we had back in 2017.
HCP
legendary
Activity: 2086
Merit: 4361
June 26, 2018, 12:50:06 AM
#4
I suggest you use segwit addresses instead if you don't want to pay higher miners fee.
You can't with Mycelium. They do not currently support SegWit... they pretty much ignored most of the user base and implemented the BCH module first Roll Eyes


Users have been asking since August 2017: https://github.com/mycelium-com/wallet-android/issues/379
legendary
Activity: 3374
Merit: 3095
Playbet.io - Crypto Casino and Sportsbook
June 24, 2018, 06:41:51 PM
#3
I think mycelium is following what is the normal fee for a legacy wallet, but if you are using a segwit address the fee must be lower.

Check this site https://bitcoinfees.earn.com/

The network is not normal and I think there is a high number of transaction made day by day that can result of the fee increases.

I suggest you use segwit addresses instead if you don't want to pay higher miners fee.
legendary
Activity: 2758
Merit: 6830
June 24, 2018, 08:16:48 AM
#2
IIRC, can't you put a fee of 1 sat/byte (with the fee slide) even when they are suggesting a tx that high?
legendary
Activity: 2562
Merit: 1064
June 24, 2018, 04:44:44 AM
#1
When normal tx fee is 1-2 satoshi each byte, in Mycelium it's 80-130 satorshi each byte. How Mycelium can be so incapable not setting normal fee in their wallet?
Jump to: