|
Title: Is the default fee too low? Post by: TCM on January 07, 2016, 04:52:11 PM Hi,
I sent a transaction using 0.11.2 and the recommended fee for "normal" confirmation time over 6 hours ago and it's still unconfirmed. Has the default fee become too low somehow? Cheers Title: Re: Is the default fee too low? Post by: cr1776 on January 07, 2016, 05:22:40 PM Hi, I sent a transaction using 0.11.2 and the recommended fee for "normal" confirmation time over 6 hours ago and it's still unconfirmed. Has the default fee become too low somehow? Cheers What wallet software are you using? Bitcoin Core? What version? If so, did you let it run for a while so it could determine what the optimal fee was? Title: Re: Is the default fee too low? Post by: TCM on January 07, 2016, 05:26:36 PM Yes, Core 0.11.2. I start it on and off when I need to do something with my wallet. Usually it catches up several days and then I do a transaction. This particular transaction was sent with
Edit: 0.000013 BTC fee, not 0.00013. Title: Re: Is the default fee too low? Post by: RodeoX on January 07, 2016, 05:28:50 PM Could you post the Tx ? It may help us to see what the status of this transaction is.
Title: Re: Is the default fee too low? Post by: cr1776 on January 07, 2016, 05:33:51 PM Yes, Core 0.11.2. I start it on and off when I need to do something with my wallet. Usually it catches up several days and then I do a transaction. This particular transaction was sent with 0.00013 BTC fee which seems reasonable? It does in the abstract, but that is just abstract. Currently, Bitcoin Core uses an algorithm to monitor the network and see how long transactions take to confirm and then uses that to determine what fee is needed to get a transaction to confirm quickly. If it doesn't have sufficient information since it had just been started, it could be miscalculating. If you have the tx id, that might be helpful ;-) Title: Re: Is the default fee too low? Post by: bitbollo on January 07, 2016, 05:36:05 PM Yes, Core 0.11.2. I start it on and off when I need to do something with my wallet. Usually it catches up several days and then I do a transaction. This particular transaction was sent with Edit: 0.000013 BTC fee, not 0.00013. I make the same mistake with multibit classic... I have waited so far 2 weeks :D and I am not joking :) https://bitcointalk.org/index.php?topic=1304586.msg13377808#msg13377808 But probably was a period full of spam txs. Title: Re: Is the default fee too low? Post by: TCM on January 07, 2016, 05:37:26 PM Currently, Bitcoin Core uses an algorithm to monitor the network and see how long transactions take to confirm and then uses that to determine what fee is needed to get a transaction to confirm quickly. If it doesn't have sufficient information since it had just been started, it could be miscalculating. Quote If you have the tx id, that might be helpful ;-) I have but I don't want to create data points. :)Title: Re: Is the default fee too low? Post by: HITTI2 on January 07, 2016, 05:39:52 PM It is, without notification luckily I had no payments to be made on a time limit. If I had a payment due, due to a loan, payment might have defaulted because of this.
https://bitcointalk.org/index.php?topic=1318056.msg13475585#msg13475585 |