ELECTRUM ASKED TOO MUCH FEES. SROUSLY?

[SuperInvestor]

Hello why the mining fee increased now to 0.0085 btc? is this real? http://prntscr.com/noiyzn

[djhomeschool]

The network has to make a lot of transactions right now so yes it is normal.

[o_e_l_e_o]

Have a look at the current mempool here: https://jochen-hoenicke.de/queue/#1,4d

As you can see it's pretty full at the moment, with peak fees sitting above 300 sats/byte. Even at those peak fees, it would make your transaction around 3000 bytes, which is pretty large - about 10x larger than a standard 1-input-2-output transaction. I suspect you are trying to spend many small inputs or "dust" all at once.

Your options are either to pay the high fees, pay a lower fee and wait for the mempool to clear out a bit, or wait until the mempool is near empty and then consolidate your small inputs.

[HCP]

Hello why the mining fee increased now to 0.0085 btc? is this real? http://prntscr.com/noiyzn

Goto the menu: "Tools -> Preferences -> Fees"

Check the "fee estimation" type... is it set to ETA? or Mempool?

You might also want to check the "edit fees manually" box:



That'll let you set the exact fee you want to pay... NOTE: doing this may mean your transaction gets "stuck" if you set it too low... the mempool is VERY full right now and fees are insanely high!

[nc50lc]

Can you show us the dialogue box after clicking "preview", o_e_l_e_o must be correct that it's trying to use multiple inputs in that transaction.

Problem is: the slider was already set to the lowest possible and that indicates that it's definitely have a very huge number of small inputs.
If you try to edit fees manually to the lowest possible amount, it might stuck as long as the "mempool congestion".

I suggest you to sort out your inputs by showing the coins tab (View->Show Coins) and freeze the very small ones (v3.3.5, addresses only for lower version) or just multi-select (ctrl+left click) the huge UTXO (max 10, better if 1-2) then right click, then select "spend" to save fees.