How can we fasten the transaction of payment in BITCOIN paying high fees?

[equator]

Using higher fees does not guarantee next block inclusion of your transaction.

If you use the recommended fee, you are doing probably the best you can to get it included the fastest as possible.

Unfortunately, sometimes to backlog increases due to spam transactions or slow block finds which may slow down when your transaction gets confirmed.

It doesn't?
I have always thought that it does guarantee it to be sent faster. Then why even put a higher than needed recommended fee in the first place?
I did last night and 24 hours later it still has not had one full confirmation yet on the send.

As their is heavy transaction in the blockchain and due to lack of block size we all have to wait for more time to get confirmation of the transactions. Till the block size is not resolved we will be facing this problem as the bitcoin users are getting more and more increase the transaction are also increased and current block size is not sufficient to hold the large quantity of Transaction which is making delay in confirmation of Transactions

[abel1337]

I dont know on how much average time you will get your bitcoin if you pay higher fee. In fact i didnt even tries putting additional transaction fee on my transactions.I always stick on recommended fee, Sometimes it is quite fast sometimes it is delayed.

[crairezx20]

I think it can help to check this chart for the updated fees.. that you should pay in order faster transaction..
In experience sometimes they are not the same the my transaction is fast even i pay large fee..
I change my minimum fee into 50k sat i still not halving any issue for transaction.. in electrum i experience that i just max the fee and they are paying almost 20k sat to 40k sat depends of the transaction size.  and if you choose within the next block you should pay for the highest fee recommended by electrum it gives me sometimes 10 minutes to receive.  sometimes before 1 hour.

[romero121]

Using wallet recommended fee is more than enough for faster transaction. Even low amount gets confirmation a bit delayed than the confirmation happening with the recommended fee. In my view waiting for confirmation too is not required, once after sending bitcoin the receiver gets the status of transaction under unconfirmed transactions.

[Kprawn]

Paying the highest possible fees would surely fasten up your transaction but same as member mentioned above it doesnt even guarantee you on which block you are included but  its still an advantage though if you are on a hurry then putting high fee would be recommended but if youre not in a hurry better to use up free or small fees.The advantage of high fees which really prioritize your transactions.

What happens if everyone has the same idea, and they all pay higher fees... then the recommended minimum fees will be that fee and

everyone will still compete for the same space. Higher fees will only work in the short term, if there are people paying lower fees, but there

are just so much space to accommodate a certain amount of transactions... if that is full... you got to wait. Simplified version.. 

[socks435]

Paying the highest possible fees would surely fasten up your transaction but same as member mentioned above it doesnt even guarantee you on which block you are included but  its still an advantage though if you are on a hurry then putting high fee would be recommended but if youre not in a hurry better to use up free or small fees.The advantage of high fees which really prioritize your transactions.

What do you mean i am using electrum but there is a selection in fee below is the list of adjusting fee in electrum

-next block before its confirm.    0.0015231 btc/kb
-within 2 blocks before it confirms   0.0010154 btc/kb
-within 5 blocks                         0.00083274 btc/kb
-within 10 blocks                       0.00069784 btc/kb
-within 25 blocks.                       0.00069784 btc/kb

I am always choosing next block and i experience of fast transaction.. now i do not understand what he other said that it doesn't guarantee you in which block i am included?

I think the transaction speed it is always been depends in the fee and the transaction size per kb..

[vasrasus]

Paying the highest possible fees would surely fasten up your transaction but same as member mentioned above it doesnt even guarantee you on which block you are included but  its still an advantage though if you are on a hurry then putting high fee would be recommended but if youre not in a hurry better to use up free or small fees.The advantage of high fees which really prioritize your transactions.

What happens if everyone has the same idea, and they all pay higher fees... then the recommended minimum fees will be that fee and

everyone will still compete for the same space. Higher fees will only work in the short term, if there are people paying lower fees, but there

are just so much space to accommodate a certain amount of transactions... if that is full... you got to wait. Simplified version.. 

Right concept . If everyone will pay higher then someone will beat it then the fee will goes and goes again which will be hurtful to us because the amount that we can earn will be shorten. I think the payment time or transaction is fair enough now because there is less issues or mistakes that happened because everything goes in a proper process so just really have a little patient. One way or another the payment will come for sure.

[franky1]

-next block before its confirm.    0.0015231 btc/kb
-within 2 blocks before it confirms   0.0010154 btc/kb
-within 5 blocks                         0.00083274 btc/kb
-within 10 blocks                       0.00069784 btc/kb
-within 25 blocks.                       0.00069784 btc/kb

so here is your maths works out as U.S dollar

next block pay over $1/kb (40cent tx average)
within 2 block pay over $0.76/kb (30cent tx average)
within 5 block pay over $0.63/kb (25cent tx average)
within 10 block pay over $0.53/kb (21cent tx average)
within 25 block pay over $0.53/kb (21cent tx average)

silly high prices electrum is "average estimating" and guess what...even then its not a guarantee.

the only issue is if 5000 people all paid 0.0015231 btc/kb
only ~2500 will get into the next block because there is a limit.
laving the other half waiting

no one knows who/which one of them people paying over $1 a kb will get it.
theres usually a 3 groups of people that will always pay the top fee, no matter what
1. i need it now theres someone im trading with looking at his watch, tutting and moaning
2. i just dont want the hassle of keep checking the blockchain or having to rebroadcast and/or calculate fee's
3. if i pay more i naively dont understand bitcoin and think it will confirm in 20 seconds by paying more.

now then. there is no way to guarantee any of the 3 groups get in first..
now then, there is no way to guarantee group 1 gets higher priority to go first(real need).

even when paying obsurd amounts of 40cents per average tx ($1/kb)

summary
fee estimates alone do no work. especially in a spoonfed sheep herd crowd
there needs to be a PROPER WORKING secondary mechanism BASED ON CODE and flags to highlight real priority of the herd crowd of "just pay more" spoonfed people