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Author Topic: Current BTC fast transaction minimum fee?  (Read 440 times)
Juniis (OP)
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September 19, 2017, 06:56:31 PM
 #1

What is the minimum total fee currently for a transaction i need dome fast?
SM23031997
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September 19, 2017, 07:29:35 PM
 #2

That's easy, bookmark this link into your browser https://btc.com/stats/unconfirmed-tx or start using the Blockchain.info wallet which provides you best fees to pay to get confirmation in next block.

You can Lock the thread now --> Scroll down to the end of page --> In the left-hand side --> click on Lock Topic
Bitfort
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September 19, 2017, 08:11:08 PM
 #3

Alternatively you can use: https://bitcoinfees.21.co/

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Harutooo
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September 20, 2017, 08:03:23 AM
 #4

i recommended you to use high fee but Blockchain.info have low fee   between 0.11 to 0.39
mocacinno
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September 20, 2017, 08:06:28 AM
 #5

i recommended you to use high fee but Blockchain.info have low fee   between 0.11 to 0.39

What???
So, you suggest to pay a fixed fee of 0.11 to 0.39 BTC? At current preev rate, that would be a fee between $434 and $1540. I might not be living in THE richest country in the world, but that fee seems a tid bit high for me... Also the fact you're suggesting a fixed fee makes me uneasy. A fee is calculated based on the size (not the value) of the transaction. A transaction with a lot of inputs/outputs needs a higher fee than a transaction with only 1 input and one output. (important to note is that i'm talking about the NUMBER of inputs/outputs, not about the VALUE of the inputs/outputs)

@OP: bitfort gave the best answer, use https://bitcoinfees.21.co/

A technical way to calculate your fees:
Code:
Step 1: calculate your transaction size.
tx size =~ nr of inputs*147 + nr of outputs*34 + 10 + number of inputs

Step 2: Get the optimal fee from https://bitcoinfees.21.co/

Step 3: multiply the size (in bytes) with the optimal fee (in sat/byte) from bitcoinfees.21.co. The result will be your optimal fee (in satoshi... You need to divide this fee by 100000000 if you want to know your fee in BTC)

Alternative, you can use my fee estimator: http://www.mocacinno.com/page/feeestimate

A GOOD wallet, and the proper knowledge on how to use a GOOD wallet will usually result in an appropriate fee being added without having to calculate sizes. A good wallet should do this task for you.
Stay away from online wallets like blockchain.info. In the past, they've done a horrible job in calculating appropriate fees. I don't know if they fixed this, but they used to be utterly bad at this. Also, when using an online wallet, you're not the only one in controll of your private keys, so you're not the only one in controll of your BTC... Beware!

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Velkro
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September 20, 2017, 11:29:31 AM
 #6

What is the minimum total fee currently for a transaction i need dome fast?
Currently changes a lot. You should find a way to find always what that fee to do transaction fast is.
There are many websites that calculate it for you, but easier is to just use wallet which calculate fee's good.
Electrum is doing it quite well.
Jafri101
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September 20, 2017, 01:15:07 PM
 #7

The transaction fee may be not extremely low  because it may slow down your transaction. But to overcome that you can pay heavy transaction fee or if you are paying low fee then quickly after transaction use accelator that might help you in such case.
TanClan98
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September 20, 2017, 01:32:54 PM
Last edit: September 20, 2017, 01:48:29 PM by TanClan98
 #8

Alternatively you can use: https://bitcoinfees.21.co/
Can someone enlighten me? Can someone explain it.

What are thos link I clicked it all I see is charts and rates of Bitcoins and Satoshi.

Please and thank you for a helpful and understandable answers for noob like me.
mocacinno
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September 20, 2017, 01:39:01 PM
 #9

Alternatively you can use: https://bitcoinfees.21.co/
Alternatively you can use: https://bitcoinfees.21.co/

Can someone enlighten me? Can someone explain it.

What are thos link I clicked it all I see is charts and rates of Bitcoins and Satoshi.

Please and thank you for a helpful and understandable answers for noob like me.


If you open that page, you'll see that at the time of writing, the mempool contains
~10k unconfirmed transactions with a fee between 0 and 20 sat/byte
~8k unconfirmed transactions with a fee between 21 and 40 sat/byte
~1k unconfirmed transactions with a fee between 41 and 60 sat/byte
...

Since a block contains ~2000 transactions, your fee should be high enough to put you in the top 2000 transactions, that way you have a decent chance of getting your tx into the next block.

The graph also shows you the estimated waiting time for a 95% chance of getting into the next x blocks with any given transaction fee. For example, at the time of writing, adding a 20 sat/byte fee will give you a 95% chance of getting your transaction confirmed within 840 minutes.

Under the graph, there is a text that currently reads:
Quote
Which fee should I use?

The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.

So, basically, if you add a fee of 180 sat/byte, you should be fine.

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Mike Mayor
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September 23, 2017, 06:48:44 PM
 #10

I use like 120-150 when I pay online Because they give only 15 minutes. Otherwise I pay about $1 or so. It's reasonable.
I have paid $5 or more when the fees prices started going crazy. I didn't like that. 10% for fees is like PayPal territory.

Alternatively you can use: https://bitcoinfees.21.co/
Can someone enlighten me? Can someone explain it.

What are thos link I clicked it all I see is charts and rates of Bitcoins and Satoshi.

Please and thank you for a helpful and understandable answers for noob like me.


Yes is is rather daunting for a new comer. Bitfort has done a good job explaining. The site he mentions is a good find don't forget to bookmark it. I only knew about it after bing here for a few months. xP It is a very powerful and useful site. One of the top sites you should have close like on your home screen or something.

sandy rivers
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September 27, 2017, 03:54:20 AM
 #11

Alternatively you can use: https://bitcoinfees.21.co/
Alternatively you can use: https://bitcoinfees.21.co/

Can someone enlighten me? Can someone explain it.

What are thos link I clicked it all I see is charts and rates of Bitcoins and Satoshi.

Please and thank you for a helpful and understandable answers for noob like me.


If you open that page, you'll see that at the time of writing, the mempool contains
~10k unconfirmed transactions with a fee between 0 and 20 sat/byte
~8k unconfirmed transactions with a fee between 21 and 40 sat/byte
~1k unconfirmed transactions with a fee between 41 and 60 sat/byte
...

Since a block contains ~2000 transactions, your fee should be high enough to put you in the top 2000 transactions, that way you have a decent chance of getting your tx into the next block.

The graph also shows you the estimated waiting time for a 95% chance of getting into the next x blocks with any given transaction fee. For example, at the time of writing, adding a 20 sat/byte fee will give you a 95% chance of getting your transaction confirmed within 840 minutes.

Under the graph, there is a text that currently reads:
Quote
Which fee should I use?

The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.

So, basically, if you add a fee of 180 sat/byte, you should be fine.


good to know about this. Thanks for the info.
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