Bitcoin Forum
May 05, 2024, 10:29:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Current BTC fast transaction minimum fee?  (Read 417 times)
Juniis (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
September 19, 2017, 06:56:31 PM
 #1

What is the minimum total fee currently for a transaction i need dome fast?
1714904987
Hero Member
*
Offline Offline

Posts: 1714904987

View Profile Personal Message (Offline)

Ignore
1714904987
Reply with quote  #2

1714904987
Report to moderator
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714904987
Hero Member
*
Offline Offline

Posts: 1714904987

View Profile Personal Message (Offline)

Ignore
1714904987
Reply with quote  #2

1714904987
Report to moderator
SM23031997
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 582


View Profile
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
Sr. Member
****
Offline Offline

Activity: 952
Merit: 339

invest trade and gamble wisely


View Profile
September 19, 2017, 08:11:08 PM
 #3

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

MY HINTs
◄M► MINING
◄G► GAMBLING
◄E► EXCHANGE

◄E► (KCS) Kucoin-Staking, Auto-Lending, Trading-Bot
◄E► (BNB) Binance-Staking, Savings, 10% RefBack
◄E► (TRX) Poloniex-Staking, Lending, Fee Discount
◄E► (LEO) Bitfinex-Staking, Auto-Lending

◄G► Betfury-Faucet, Dividend Earnings (BFG holders, mine BFG by playing)
◄G► Bitvest -  Faucet, Bankroll Invest
◄G► CryptoGames-Faucet, Lotto
◄G► PrimeDice-Faucet

◄M► Prohashing (Multipool)-Payout in any coin, get 0.50% bonus for 30 days
◄M► MiningRigRentals (Marketplace)-buy hashrate or rent your miners
◄M► Viabtc  (Pool)-payout to Coinex (exchnage) without fees


Harutooo
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
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
Legendary
*
Offline Offline

Activity: 3388
Merit: 4919


https://merel.mobi => buy facemasks with BTC/LTC


View Profile WWW
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!

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Velkro
Legendary
*
Offline Offline

Activity: 2296
Merit: 1014



View Profile
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
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250



View Profile
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
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
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
Legendary
*
Offline Offline

Activity: 3388
Merit: 4919


https://merel.mobi => buy facemasks with BTC/LTC


View Profile WWW
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.

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Mike Mayor
Hero Member
*****
Offline Offline

Activity: 966
Merit: 535


View Profile
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
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!