The MEMPOOL just cleared :D

[pooya87]

~
That fee was ridiculous bro  We are not even in the period of a huge bull run like it was in 2017.
Anyway looking at your transaction, I can see 6 inputs and 2 outputs resulting into a higher number of byte size which was around 1,844 bytes. This coupled with the high fee per byte which was 150 sats made they fee so high.

Being a third party payment service there was nothing you could do to avoid the fee, They only Option would have been to wait for weekends in order to withdraw at a low fee and that only works if their withdrawal fee is flexible.

there are many third party services that pay unreasonably high transaction fees and some have even contributed to the fee spikes if they were popular services with a lot of withdrawals as it would create a fiercer competition in the fee market. it is partly because of their terrible code/backend, partly because they don't want their support flooded with "why haven't i received my withdrawal" questions, and partly a justification for their high fixed withdrawal fees they deduct at all times no matter what what the network fee is (like exchanges charging 100k sat fixed).

[khaled0111]

The largest required fee that would have guaranteed you will get your transactions confirmed the next block was 240sat/b during the last 3 months, which is 6$.

you can't detrmine how much fee he has to pay without knowing the transaction size. 6$ or ~0.0006BTC  is actually what he had to pay if it was a basic transaction (1 input, 2 outputs) which is obviously not the case here
even 6$ is too much and in some cases you can't just wait for the mempool to clear up.

[JeromeTash]

The largest required fee that would have guaranteed you will get your transactions confirmed the next block was 240sat/b during the last 3 months, which is 6$.

you can't detrmine how much fee he has to pay without knowing the transaction size. 6$ or ~0.0006BTC  is actually what he had to pay if it was a basic transaction (1 input, 2 outputs) which is obviously not the case here
even 6$ is too much and in some cases you can't just wait for the mempool to clear up.

And to make matters worse, @wwzsocki was using a third party payment service which means that those fellows can decide to hike the withdrawal fee to any amount the feel like just like Pooya87 stated.

This is why payment services that can allow you to modify or adjust the fee to your liking depending on the bitcoin network condition are good thou they are so rare to come by.

[stompix]

How did you manage this?...

It was a withdrawal from third party service and as stated above I forgot about the congested mempool and higher fees problem, additionally, this was exactly the case that:

the transaction... have been 40 kb in size. which means it was a perfectly reasonable fee to pay...

and the size was even bigger.
If I would check the mempool and wait for a less congested network the fees could be significantly lower.
https://live.blockcypher.com/btc/tx/7ca3b8f997ababf16da9558f1b1d3d6ef581a6e53870e563717bf3f5a58e473d/

So, my question was quite right placed, it took a lot of stars to align so that situation would become real...
One thing that puzzles me is why should you pay that fee when withdrawing coins from a service just because they are paying you that way, with 6 outputs, is that a custodial wallet? If you had 12 outputs what would you do, pay all the funds for the fee?
Whatever service that is its way of dealing with it sucks

~

you can't detrmine how much fee he has to pay without knowing the transaction size. 6$ or ~0.0006BTC  is actually what he had to pay if it was a basic transaction (1 input, 2 outputs) which is obviously not the case here
even 6$ is too much and in some cases you can't just wait for the mempool to clear up.

Well, usually when you withdraw something from a 3rd party service you're not thinking, oh my tx is going to be 90Kb in size because they are going to pay me with all the dust in Homer Simpson's workout room....

Anyhow, that retargeting on Thursday cleared the mempool for good this time, you can see the usual spikes on Monday, Tuesday, Wednesday, and then nothing, Thursday and Friday looked like the weekend. We're also 100 blocks above so paying 50sat/b not 150 is overkill right now.

[khaled0111]

Whatever service that is its way of dealing with it sucks

I totally agree with this. Any reputable and decent service provider would regularly consolidate their inputs or at least charge the customer a reasonable flat fee. But here, they just chose to let it as it is. This alone is enough reason to leave them and start looking for a better alternative.

[wwzsocki]

...why should you pay that fee...is that a custodial wallet? If you had 12 outputs what would you do, pay all the funds for the fee?
Whatever service that is its way of dealing with it sucks...

...Any reputable and decent service provider would regularly consolidate their inputs or at least charge the customer a reasonable flat fee...

I haven't provided/mentioned the name of this service on purpose because it is a known and reputable operator and I can understand that very fast-rising fees can be a problem for any business using cryptocurrencies for payments.

There were no withdrawal fees in this service at all, but when BTC fees started to rise they suddenly changed it. Luckily, they reacted very quickly to user criticism and withdrew from their decision to charge fees for transactions in BTC, only in two weeks. Of course, it was not the best decision and made a lot of unneeded confusion, but as I said, I can understand that businesses try to find a way to cover their losses related to high fees, especially when there is still no easy way to avoid or even predict them when the network gets congested.

We are talking about fees, so the name is not important and I intentionally don't want to make them a bad advertisement because it is still a great service, despite this small mistake.