Bitcoin Forum

I have a bunch of mining proceeds on a hot wallet. About $3000 US but it is comprised of a ton of small transactions. I was going to move it to my trezor after being spooked by the nicehash incident. Using their recommended fees it was going to be $1000 to send.  :o.

I am no rush for this I don’t care if it takes a week. What kind of sat/byte should I choose?

Same here.. I have a wallet with many small transactions, the fee to move it to my ledger nano wallet would be $1.3k, I can set a custom fee but I'm afraid of it getting stuck and never confirming.

On choosing the most applicable fees you can visit https://bitcoinfees.earn.com/ (https://bitcoinfees.earn.com/) and check for the fees that has the lowset number of minutes to confirm. It just so happened that the mempool is so congested right now and you might really need to pay more right now.

This site is a bit confusing for me, tell me if I got it right.

See the screenshot

https://i.imgur.com/7MxV2gp.png

Is it right? 11 - 20 satoshis and it takes 35 minutes to confirm?

how little of hurry are you in?

if you can wait a few weeks then this hype will go and things will go back to normal. on a weekend night you should be able to move everything for 10-100 times less than you'd have to pay now. bitcoin has never been as boiling as it is right this very moment.

fee for every byte (or kilobyte). This may be the downright fee partitioned by those amount of bytes clinched alongside a transaction, for example, 40 satoshis/byte alternately 0. 0004 bitcoins/kilobyte. This will be those The majority critical estimation to miners. Those motivation behind may be that they use this choose if on incorporate your transaction in the obstructs they endeavor to process.

What is the name of your wallet provider? Usually some wallets like CoinBase will give you an option of what transfer fee you prefer before sending the amount to the address. And how much the transfer fee will depend on how many bytes amd also how many transactions are happening at that time. Also if you are sending to the sam wallet provider e.g. CoinBase to CoinBase it would be free and instant.

This is not good time for send such transaction because fees are too high now and there is over 200k unconfirmed transaction.Even if situation is "normal" you still need to pay high fee just because of too many inputs as you say.

On bitcoinfees.earn.com you can see that recommended fee is 460 satoshis/byte and for 226 bytes size transaction you get 103 960 satoshi fee.So you will need to know size of your transaction,can you check it before you send your BTC?

I suggest you to wait that this situation calm down and then use some "normal" fee,and also use some of transaction accelerator if you want to speed up the transaction.

If you are not nervous, you can choose a lower fee, you can check the current network congestion in the block browser, the lower fee is also good.

I also have a problem:

I have Bitcoin Core wallet and this what I get:
https://i.imgur.com/5zryjV6.png

0.02 BTC / 300$ for a fee and the transaction size of 4.465 kB - are they really that big?