BlockChain.Com Wallet - Why transaction FEE Is very HIGH

[Vort3x.Layers]

You didn't lose anything, I am expecting to see 10 satoshi fee probably during this weekend, and you can monitor it if you use mempool.space website
or with my open source browser extension all the time BTC Mempool Fees Extension/add-on for Firefox/Chrome browser.
I would suggest using Electrum wallet in future instead of Blockchain online wallet, and checking mempool before sending your bitcoin.

We passed this weekend - still has n't confirmmed.  
TX Link
What is ETA in the link upper?  
ETA tells in several hours (or more)!

[NeuroticFish]

We passed this weekend - still has n't confirmmed.

Unfortunately accidents have happened - read the news - making the network, instead of clearing up, getting even more full. And the situation is expected to go worse for at least one more week. Sorry. It's an unusual situation and you were unlucky.

TX Link
What is ETA in the link upper?  
ETA tells in several hours (or more)!

That ETA is an estimation. And in this case it's far from accurate.

[o_e_l_e_o]

And the situation is expected to go worse for at least one more week.

I think much longer, probably.

We are now around 130 blocks behind where we would be if the hashrate has remained stable. This deficit has been increasing over the last 24-48 hours. Because of this, the length of this difficulty period will probably be closer to three weeks rather than two (we are currently 4 days in), and we will be stuck mining at a slower-than-average rate that entire time. The mempool didn't clear out at all over the weekend when it usually does, so I expect the it to fill up even more over the coming week.

Given that that transaction is still around 50 vMB from the tip of the mempool, and the mempool is showing no signs of emptying, I think OP will be waiting weeks for a confirmation (or his transaction will drop). He will have to make another CPFP if he needs it faster than this.

[NeuroticFish]

We are now around 130 blocks behind where we would be if the hashrate has remained stable. This deficit has been increasing over the last 24-48 hours. Because of this, the length of this difficulty period will probably be closer to three weeks rather than two (we are currently 4 days in)

Yes, I am aware that the difficulty period will be about 30% longer than the usual 2 weeks, but on the other hand I didn't also rule out that China could, with some luck, get back to business before that time.
Just after the things get to normal, this mess has to also clear up. That part I didn't really count...

[stompix]

I think much longer, probably.

Yes, I am aware that the difficulty period will be about 30% longer than the usual 2 weeks, but on the other hand I didn't also rule out that China could, with some luck, get back to business before that time.

I think that at this point things might go either away, a difficult period if the power outages in China are not repaired (btw, power was supposed to be restored Monday) followed by maybe even a period of trying to get things back to normal or it will simply go away next weekend without any of those.

Behind the numbers that would normally tell for each day going at -30% capacity, we need a weekend to clear it up, there is also the consumer attitude, will people continue to pay $20-30 for a transaction that could wait? I would! Would people stop pulling their coins out of Binance? No, as Binance already charges a fee above this so we won't be seeing any change! Sending coins, again dilemma, is it worth doing a tx?

If the market stays calm, if there is no more news either bad or good we might pull this through before the retargeting, but although it is theoretically possible in the end we might need another two-week epoch on top of this to return to normal if we can consider what we had before was normal. So I will go with o_e_l_e_o , much much longer.

What is ETA in the link upper?  
ETA tells in several hours (or more)!

More means anything from several to a few months at this point.

[NeuroticFish]

there is also the consumer attitude, will people continue to pay $20-30 for a transaction that could wait?

Indeed, the remaining miners receive fatter transaction fees.

But those out of business receive nothing. They have a lot of hardware staying unused and getting older with every moment passing. Plus that they probably have people they have to pay, maybe rent for the space too.
That's not profitable for them and I would expect them do their best to get back in business, the sooner the better.

[Findingnemo]

You didn't lose anything, I am expecting to see 10 satoshi fee probably during this weekend, and you can monitor it if you use mempool.space website
or with my open source browser extension all the time BTC Mempool Fees Extension/add-on for Firefox/Chrome browser.
I would suggest using Electrum wallet in future instead of Blockchain online wallet, and checking mempool before sending your bitcoin.

We passed this weekend - still has n't confirmmed.  
TX Link
What is ETA in the link upper?  
ETA tells in several hours (or more)!

It looks like you have luck, because normally the fees at the weekends are like very less but this week we see the required fee almost touching 300sats even so wait for 2 weeks and your transaction will be removed from the Mempool so you can make a new transaction at the required fee by that time.

[Vort3x.Layers]

I installed Electrum wallet in my windows os machine & import that Blockchain.com wallet to it.
After import Electrum showed that transaction as unconfirmed.(No RBF)
After one week from that unconfirmed transaction Electrum showed it as local instead of unconfirmed.
So i could remove that unconfirmed transaction.
And recreate a new one with 102 satoshi/byte fee.
But mempool says transaction does not exist.
What is going on & why that transaction does not exist?

[Vort3x.Layers]

PROBLEM SOLVED AFTER ONE WEEK USING ELECTRUM WALLET.
THOSE TWO UNCONFIRMED TRANSACTIONS REMOVED FROM MEMPOOL AND NEW ONE WITH HIGHER FEE CONFIRMED AFTER 30 MINUTES.
PEOPLE WHO READ THIS :
NEVER USE 10 SATOSHI / BYTE AS YOUR FEE AND DO N'T LISTEN THAT SUGGESTION IN THIS THREAD.
LOW FEE = BIG TROUBLE = NEVER CONFIRM = YOU SHOULD WAIT WEEKS TO SEE WHAT HAPPENS

[o_e_l_e_o]

NEVER USE 10 SATOSHI / BYTE AS YOUR FEE AND DO N'T LISTEN THAT SUGGESTION IN THIS THREAD.
LOW FEE = BIG TROUBLE = NEVER CONFIRM = YOU SHOULD WAIT WEEKS TO SEE WHAT HAPPENS

Saying "never use x fee" is completely missing the point. The mempool is dynamic. What constitutes an appropriate fee changes sometimes on an hourly basis, and also varies between different transactions made by different people depending on the urgency they need a confirmation. Yes, 10 sats/vbyte is not a good fee to use at the moment, but there will again come a time at some point when the mempool empties and when 1 sats/vbyte transactions are being processed quickly, and at that time paying 10 sats/vbyte will be overpaying by 900%.

The real moral of the story is to not accept a suggested fee given to you by your wallet, especially if you are using a wallet as utterly terrible as blockchain.com. Take a look at the mempool yourself at either https://jochen-hoenicke.de/queue/ or https://mempool.space/ and choose an appropriate fee yourself.