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Title: What is supposed to happen with "legit" fees that are below the standard... Post by: Bit_Happy on April 16, 2014, 08:47:55 PM I used 50% of the suggested fee, since I was sending a small amount of BTC.
According to blockchain.info ... "Estimated Confirmation Time = Very Soon (High Priority)" ...but that isn't correct since it's been totally unconfirmed for almost an hour. What is supposed to happen (on average/in general) with "legit" fees that are below the standard amount for a new transaction? Do they get ignored "almost as badly" as no fee at all? Title: Re: What is supposed to happen with "legit" fees that are below the standard... Post by: BitchicksHusband on April 16, 2014, 08:51:29 PM I used 50% of the suggested fee, since I was sending a small amount of BTC. According to blockchain.info ... "Estimated Confirmation Time = Very Soon (High Priority)" ...but that isn't correct since it's been totally unconfirmed for almost an hour. What is supposed to happen (on average/in general) with "legit" fees that are below the standard amount for a new transaction? Do they get ignored "almost as badly" as no fee at all? In theory, worse. Miners have two buckets. One is to get as many fees as possible and the other is an altruistic "free" bucket (kind of like pro bono legal work). A very low fee doesn't fit into either bucket. But it should get picked up eventually when things are slow. I posted a 3 Satoshi fee once (just to get rid of an annoying 3 satoshis at the end of my wallet balance) and it took about a day, but did eventually go through). Title: Re: What is supposed to happen with "legit" fees that are below the standard... Post by: Meuh6879 on April 16, 2014, 09:19:53 PM normal fee : 0,0001 BTC
high fee : 0,0002 BTC what is the amount of your fee ? bitcoin-QT don't allow to "decrease" this rate ... and Android Wallet, too. so ... ::) play in the rules ! And you can touch the 7min for 1 confirmation. http://mrwgifs.com/wp-content/uploads/2013/06/Deal-With-It-Telephone-Glasses-Gif.gif Title: Re: What is supposed to happen with "legit" fees that are below the standard... Post by: greenlion on April 16, 2014, 09:38:47 PM I think it's pretty well-established vis-a-vis Murphy's Law that the exact moment you decide to put a transaction through with a suitable fee you've guaranteed that we're going to be in one of the statistically-infrequent periods where it takes upwards of a half-hour to produce the next block!
Title: Re: What is supposed to happen with "legit" fees that are below the standard... Post by: jbrnt on April 16, 2014, 10:29:11 PM What is supposed to happen (on average/in general) with "legit" fees that are below the standard amount for a new transaction? Do they get ignored "almost as badly" as no fee at all? My impression is that pools treat all transactions, with fees less than the current standard 0.0001btc, as free tranactions. So, not "almost as badly", is "exactly as badly" as no fee at all. Regarding the estimated confirmation time in blockchain.info, I have no clue how this new estimation aglo works. I have seen transactions has "very soon" status for 12hours. I prefer their old system stating the actual place in the queue. |
