You should be noticing that last few weeks, the mempool is packed with tx and people are paying very high tx fee. I also paid some crazy tx fees until yesterday I realised that if I pay low fees still it's not taking much longer time.

I had some issues yesterday to send some fund and in the process of solving it I discovered this low fees phenomenon which I thought worth sharing with everyone. I am just not sure which board to share. I have Bitcoin Discussion in mind. I also have Development & Technical Discussion, Mining, Bitcoin Technical Support, Beginners & Help, Currency exchange in mind then I though to post it in Bitcoin Discussion with the hope that more people will read this to get benefit. I can not just post the same topic in several boards.

Check this image: https://i.imgur.com/9ahocyt.png (I did not embed it intentionally because this will take the entire space)

1 to 6 sat/B is crazy then everything looks normal.
91 to 96 sat/B is again crazy then until 104 sat/B looks normal
105 to 106 sat/B is crazier until 160 sat/B
161+ sat/B is where the most of the miners are picking the transactions.

So automatically the current recommendation is 160+ sat/B.

If you are using Electrum then it's recommending any value from 1 to over 100 which I experienced yesterday for the tx to confirm within the next 10 blocks.

Yesterday when I did my first tx then I manually picked my fees since I did not have much worry about the tx confirmation time. I picked under 2 sat/B. I was assuming this will not confirm in weeks LOL but it did not happen(!) The tx was confirmed after 672 minutes!



Then in the 2nd tx instead of paying the crazy fees I again picked low fees (3 sat/B). It was confirmed after 98 minutes!



Now if you see the regular fees which Electrum recommended me then you will see the craziness.



Check the fees differences. I can bring you more 10+ tx I made in the last few day and all are the same with high paying tx because I used Electrum recommended fees.

So, my suggestion is that,
Stop paying high fees while you can spend very less fees for a transaction. Pick something even less than 2 sat/B.

I hope it helps.

Cheers :-)

Note: Please feel free to share this in other boards which were mentioned earlier. More people needs to see this. Thanks.

Thanks TryNinja, HCP and nc50lc.

Some of the explanations from HCP make sense to me. Here was the situation for me,

I have this HD wallet but when I spend then I pick an address, take its private key and restore the single address wallet to spend from it. This specific address had more than enough balance which I was suppose to spend. And before spending the issue raised tx, I sent another tx few hours ago which had very low fee (believe me it was only 1.9 sat/B LOL) and for this reason it was unconfirmed at the time I was initiating the 2nd tx. So when I tried the 2nd tx, I always ended up with the errors I mentioned on my OP (@nc50lc, there were always the green icons on the left and one unconfirmed tx).

So, it's confusing why it had to add my previous tx with the new tx I was initiating?

The tx was created and the UTXO was already exist if my third paragraph on this post make sense to you. There were only one unconfirmed tx and those confirmed txes were confirmed long ago in that specific address (wallet)

I am most certain about it which concludes that if you have an unconfirmed tx then you can not initiate another tx? (this is actually the same happened here. Later once the unconfirmed tx confirmed then I was able to create the 2nd tx. )

Yes, this is a Segwit address.
Segwit addresses start with 3 or bc1.
Legacy address start with 1

I hope now you will be able to identify the addresses.  

Good to see more slots. More people will have chance of champagne party :-P

Correct!

The output in red is basically the entire transaction of the previous unconfirmed payment I made. I did not include this payment with the current tx I was initiating.

The greed output was my actual payment. Including the fees it was suppose to be 0.00522031BTC but if you see the image, on the amount sent section it added up amount from previous tx too (total: 0.01711596 btc).

Basically I wanted to send the fund to a gambling site to bet. If I was successful to send the fund then I would lose the bet LOL (Lucky me)

Anyway, sorry about the off - topic. I am still not sure why it's happening,

1. Why the earlier tx included with the current one?
2. Is this the reason of the error(s) I experienced?

Sorry about the late response. I already forgot about this since I was watching the match that I was intended to bet.

Additional question:
What happen if I sign a tx but do not broadcast?

Ah, that doubles my enthusiasm  
Okay, I stop my spamming now LOL. Good luck to every one who apply

If KXIP can take AB de Villiers then the match will be in KXIP's control. Few minutes ago I was telling my brother in law that RCB always play good at the start and then at the end they lose control. This team is very much dependent in Kohli and AB de Villiers.

Anyway, last two balls two fours. Seems like they have a chance but I am not still sure about RCB. Any moment they can lose AB de Villiers and then game is off for them.

Let's see what we have today. It's getting exciting.

I guess the chance is that there will be only one more spot left to apply :-P

@Hhampuz, well there you have it :-D

Nice sarcasm LOL

I will try my luck :-)


Username: Royse777
Post Count: 1935
BTC Address (must be SegWit): bc1qsvtx9svs5t3n2afe5fc8nl9jjdtfk3prxphwj4

Cheers :-)

And he has the back injury, bowlers know that he has weakness in body length deliveries. Also consider the age.

Gayle is a legend and it's always pleasure to see he hits those sixes. RCB is responding well like they did in all the matches. Just hope that they do not lose track at the end or they will have another loss. I think it will be the 7th consecutive loss if they fail today.

Here you guys will find the match details: https://www.bbc.com/sport/cricket/43914118

Vishnu.Reang is right. Every team will play against each of the nation in the group stage. If I am not wrong then top four will play the semi and then final in the Lord's.

It's a one and half month long event. This year surely is a cricket year :-)

It's not football that in a camp few weeks of practice makes good understanding between players. Cricket is different. For sure West Indies have good player but I doubt they are fit for ODI matches. They are doing well in T20 but T20 and ODI are two different format.

Besides finding a good combination in betting and bowling is crucial. It requires lots of matches to play and experiments in both net and real matches.

If the 2nd innings wins then sure you are going to win this RCB one too :-)

My bad luck that I can not bet since I am having trouble sending BTC to my gambling account LOL. I am still considering to bet for KXIP. The rate is good for them which is tempting me LOL

Oh sorry, I don't think it's necessary.

These are the files only and them has nothing to do with the new installations. Consider them as a file you copy and paste from any other computer or drive.

Good to see your comment. I was waiting for you :-)

I wish I could share the unconfirmed tx which I spent earlier today. It's low fees so I am thinking this will take a long time to confirm.

Anyway here is the senior:




I am trying to spend 0.005BTC
The fees will be 0.00022031BTC  at 50.3 sat/B (as you can see)

If you check the 4 outputs then you will see the red one is the output that I spent earlier and the tx is still unconfirmed. I am not sure why it's coming in this transaction?

By the way the other two outputs marked as black are the same address which I am sending from. I am using single address.


As far as I understand that it's good to have latest update installed. This keeps you safe from any unexpected risks. By the way, I am still having the same problem. I think it's not about the version I have, it's something to do with the unconfirmed tx I have. I am just not sure. I am still waiting for TryNinja.

Cheers :-)

I do not have a local transaction but I have an unconfirmed transaction. Is this related to this transaction? If yes then how?

Thanks in advance.

I just tried.

Updated to the latest but still I see the same massage. I am going to uninstall again and then delete everything from my appdata folder. Then restart the system before installing a fresh copy.

We are aware of the Electrum update phishing scam that happened few months ago and we have seen a lot of people to lose their funds. Today I was trying to send some funds and every time I am trying, I am seeing some different messages including a suggestion  to update the Electrum.





I am thinking to update my Electrum with a fresh download.


Is anyone facing the same error?

Man! I also don't understand how does this D/L method works. I feel like they do a lot of unrealistic calculation. I can not give you specific examples but in lot of occasions I have seen the unfairness. It just do not add up with the real situation.

My thinking is that why do we need a method to find a winner. Just leave it and declare abundant or an unfinished match. If you do not know what will be the outcome of the next ball (out or dot, single, double, two, three, four or six or possibly anything) then how do you calculate based on mathematics.  

It's amazing to see how Ronnie comes up with some great pick. I am sure he does some extensive research. My pick was for this match was MI and seems like they are going to lose it LOL I am glad I did not bet in this match.

Next match I think RCB is going to lose but here again I would not surprise if they win because from last few days I am always finding myself in the losing side.

By the way, I noticed something unusual. Whoever bet last they wins LOL

When a team in their bottom psychologically then it's hard to pull up. RCB is psychologically down at the bottom. I do not think Dale Steyn can do much. When I was picking my pick then I thought the same.

RCB is a strong team comparing with some other teams in this IPL but it's the management/captaincy is not right. I doubt they know which is their best combination for opening partnership.