Bitcoin Forum

Economy => Service Discussion => Topic started by: XarXymtroa on July 30, 2019, 05:03:26 PM



Title: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: XarXymtroa on July 30, 2019, 05:03:26 PM
https://btc.com/stats/unconfirmed-tx
Been this way for the past few days.  Any chance the site is messed up and does anyone know of a more an accurate site to check txs?

Thank you!


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: BitcoinGirl.Club on July 30, 2019, 05:06:57 PM
https://btc.com/stats/unconfirmed-tx
Been this way for the past few days.  Any chance the site is messed up and does anyone know of a more an accurate site to check txs?

Thank you!
You can use followings:

https://bitcoinfees.earn.com/
https://jochen-hoenicke.de/queue/#0,24h

By the way, These days transaction fees are low. I have sent coins for 1 sat/Byte yesterday and got confirmed in less than 10 minutes.

PS: The site https://btc.com/stats/unconfirmed-tx is working fine. If you compare with https://jochen-hoenicke.de/queue/#0,24h then you will see both is showing same outcome.


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: XarXymtroa on July 30, 2019, 05:15:34 PM
https://bitcoinfees.earn.com/ is suggesting 80 Sats
https://jochen-hoenicke.de/queue/#0,24h i am not certain
https://btc.com/stats/unconfirmed-tx suggests 14.
So which is it?


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: OmegaStarScream on July 30, 2019, 05:30:47 PM
https://bitcoinfees.earn.com/ is suggesting 80 Sats
https://jochen-hoenicke.de/queue/#0,24h i am not certain
https://btc.com/stats/unconfirmed-tx suggests 14.
So which is it?

earn.com was the first to offer this service, but it's far from being reliable now (overestimation). I've been using coinb.in  (https://coinb.in/#fees) for some time and I find it to be the most accurate.


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: XarXymtroa on July 30, 2019, 05:37:45 PM
https://bitcoinfees.earn.com/ is suggesting 80 Sats
https://jochen-hoenicke.de/queue/#0,24h i am not certain
https://btc.com/stats/unconfirmed-tx suggests 14.
So which is it?

earn.com was the first to offer this service, but it's far from being reliable now (overestimation). I've been using coinb.in  (https://coinb.in/#fees) for some time and I find it to be the most accurate.

Thanks for reply!    coinb.in says 32 Sats, which is even more then https://btc.com/stats/unconfirmed-tx   :o
Still confused appreciate any input!!


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: o_e_l_e_o on July 30, 2019, 07:12:26 PM
Don't use bitcoinfees.earn.com, unless it is absolutely critical your transaction is included in the next block. It always grossly overestimates the fee you need to pay. For example, right now it is suggesting 50 sat/byte, even though there is less than 0.1MB of transactions with a fee above 50 sat/byte. While 50 sat/byte will almost certainly guarantee you entry in to the next block, so would a fee of 20 sat/byte or even less.

https://coinb.in/#fees is somewhat better. It will suggest a fee which will get you within the next couple of blocks. Right now it is suggesting 12 sat/byte, which is a reasonable amount for a fairly speedy transaction.

For a more accurate idea, go to https://jochen-hoenicke.de/queue/#1,8h and scroll down to the bottom graph entitled "Mempool Size in MB". Given that each block is 1MB (give or take), and you can see how much volume there is at each fee, you can estimate what fee you need for your required speed. Right now there is 0.983MB paying a fee of 12 or more, so a fee of 12 sat/byte may get you in to the next block, 10 sat/byte won't, and 20 sat/byte almost certainly will.

And as always, if you transaction isn't time critical, you can just set a fee of 1 sat/byte and wait a few hours or days for it to confirm and save yourself some money.


Title: Re: Bitcoin transactions stuck @ 14 Satoshis/vbyte | 0.00014 BTC/KvB
Post by: joniboini on July 31, 2019, 12:50:22 PM
Still confused appreciate any input!!

Those sites might use different data to give you the estimation. So, better data will give you a better estimation. Even if their estimation is somehow radically different, that doesn't mean those websites or blockchain is broken per se.

I do suggest you use Johoe's, it takes some time to get the gist but it's really a great tool to use.