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Author Topic: 8sat/byte Fee taking a while  (Read 176 times)
Alcpone (OP)
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September 11, 2018, 10:10:01 PM
 #1

Hi all,

I thought I put a high enough fee in my transaction. It was at the lower end of the economic option, I use mycelium as my wallet. It thought it would take about an hour.

I think my wallet has rebroadcasted the transaction.

Can anyone help please?

fe133d9c565bbcf003916b62850a0be51ea0d3df610a6ef88e410b965553bd41

I originally sent the transaction about 2 hours ago.

Thanks
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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September 11, 2018, 10:33:42 PM
 #2

It depends how is the mempool...
Isn't mycelium outdated for a while now?
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September 11, 2018, 10:55:31 PM
 #3

I thought I put a high enough fee in my transaction. It was at the lower end of the economic option, I use mycelium as my wallet. It thought it would take about an hour.

I think my wallet has rebroadcasted the transaction.

Can anyone help please?

fe133d9c565bbcf003916b62850a0be51ea0d3df610a6ef88e410b965553bd41

I originally sent the transaction about 2 hours ago.

There was a backlog over the past several hours. It doesn't help that there were only 6-7 blocks mined in the last 2 hours. I needed confirmation in the next block just now and sent a transaction for 12 satoshi/byte -- much higher than I normally spend. You'll probably get confirmed in the next couple hours.

Does Mycelium support opt-in RBF? If not, you might consider switching to another wallet that does, like Electrum. I always make my transactions replaceable in case of unexpected backlogs.

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September 11, 2018, 11:02:05 PM
 #4

Thanks for the replies. I have 1 confirmation now, so looking good for it to be completed in the next hour I guess. I will look into electrum, mycelium has always worked ok, just usually me entering too low a fee lol. Cheers
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September 12, 2018, 06:21:22 AM
 #5

Next time before sending out a transaction, especially if you are in a hurry, try to check sites like https://btc.com/stats/unconfirmed-tx or https://bitcoinfees.earn.com/ and see what fee would be better to use.
I do use Electrum, but since I've been checking the actual fees, I've never had to use RBF.

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September 12, 2018, 08:21:16 AM
 #6

Next time before sending out a transaction, especially if you are in a hurry, try to check sites like https://btc.com/stats/unconfirmed-tx or https://bitcoinfees.earn.com/ and see what fee would be better to use.

I would ditch earn.com -- it overestimates quite a bit.

BTC.com isn't too bad, but I definitely prefer Johoe's site for a fuller picture.

I do use Electrum, but since I've been checking the actual fees, I've never had to use RBF.

I always check the mempool before sending, too. It doesn't come up too often, but occasionally I'll send a transaction, then there isn't a block found for 1 hour or more. Average fees rise, transaction gets delayed even longer. In those cases, it's been helpful to have the RBF option.

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