blockchain fees skyrocketed in the last 4 days

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  • ARCHIVADO98
    SBR Wise Guy
    • 09-27-20
    • 894

    #36
    Originally posted by Optional
    https://bitcoinfees.earn.com/

    Scroll down under the graph of pending transactions and it will tell you exactly how many Satoshis per byte you should set your fee to for optimal speed/cost right now.
    SO if i send a very small amount and want to be cheap.

    And my fee is 2 satoshis/byte. Wil it take 5-6 hours at longest?


    1-2
    5788

    8284
    3-18 25-300
    Comment
    • Optional
      Administrator
      • 06-10-10
      • 61115

      #37
      Originally posted by ARCHIVADO98

      SO if i send a very small amount and want to be cheap.

      And my fee is 2 satoshis/byte. Wil it take 5-6 hours at longest?


      1-2
      5788

      8284
      3-18 25-300

      The further you move away from the optimum fee, the less reliable those time estimates become. I think the time estimate is based on a new block being mined every 10 mins. That doesn't always happen in high demand times.

      I would guess a 2 Satoshi per byte fee could take days right now. But if it is listed there with an estimate, it should get through eventually.
      .
      Comment
      • bleedblue
        SBR Sharp
        • 07-22-08
        • 323

        #38
        This was awesome advice. Saved like 1% on my first transaction. Thank you.
        Comment
        • bleedblue
          SBR Sharp
          • 07-22-08
          • 323

          #39
          Originally posted by mrpapageorgio
          Buy through pro.coinbase.com, then you're only charging .5% for trading under $10k and it drops the more you buy/sell through it.
          This was awesome advice. Saved like 1% on my first transaction. Thank you
          Comment
          • ARCHIVADO98
            SBR Wise Guy
            • 09-27-20
            • 894

            #40
            For someone who wants to be cheap and wait for a week:
            1-2
            6247

            8620
            3-64 30-660
            3-4
            3025

            19380
            3-58 30-600
            5-6
            2913

            18600
            3-55 30-600

            For everyone else:

            Which fee should I use?

            The fastest and cheapest transaction fee is currently 102 satoshis/byte, shown in green at the top.
            For the median transaction size of 224 bytes, this results in a fee of 22,848 satoshis.
            Comment
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