I've submitted your tx to ViaBTC's accelerator, it should get confirmed pretty soon.
Depends on how soon will ViaBTC's pool find a block though.
Thank you very much for that. really appreciate it.
So what should I set my fee to? Dynamic fee a good idea?
thanks
bitcoin is about freedom, so you can set it to whatever you want... Offcourse, if you set it to low, miners won't be tempted to include your tx in the block they're working on, and your tx might remain unconfirmed forever (untill it's dropped from the mempool of most of the networks nodes).
Personally, i set my electrum preferences towards fees as:
- use dynamic fees => yes
- edit fees manually => yes
- enable replace-by-fee => yes (select the "replaceable" button when creating a tx)
This way all bases are covered:
- electrum calculates what he thinks is an optimal fee
- you have a slider to edit the fees
- you can change the fee manually, overriding any automatic or slider setting
- if you still manage to mess up, and add to low fee, you can use the RBF functionality to edit the fee even after the tx has been broadcasted.
As for how much fees you need to add:
- calculate the transaction size: nr of inputs*147 + nr of outputs*34 + 10 + number of inputs
- go to
https://bitcoinfees.21.co/ to get the optimal fee*
- multiply the result of step 1 with the result of step 2, and round up
- add as a fee
* the optimal fee depends on what you're doing, I usually pick a fee with 0-30 minutes delay if you're paying for goods or services, 0-90 minutes when i'm paying friends, and an even higher delay when i'm moving funds between my own wallets...