Warning fee estimation is currently not possible /

[gabrio81]

hi there,

Just turned on my Core 0.23 (been about 30 mins) and i get

Fee Estimation failed . fallback fee is disabled. Wait a few blocks or enable -fallbackfee

Question: is mempool overloaded or there's something else going on? I've used it fine just 1 month ago and sent a transaction without that error almost right away after first sync.

Any tips? Just wait 1 hour and try again?

thanks

[1714188625]

1714188625

[un_rank]

You mean Core 23.0? That's the latest release of Bitcoin core.

I do not think the issue is related to the mempool, if it was congested, fees should simply go up as more transactions are coming through
I searched around and found this post which has a similar issue as yours with a reply to help solve it. I hope it helps.
Link = https://bitcointalk.org/index.php?topic=5192623.msg52749364#msg52749364

[gabrio81]

thank you, i just let it do its thing while watching a movie and now it's cleared.... guess he had to catch up some blocks for good

[nc50lc]

Fee Estimation failed . fallback fee is disabled. Wait a few blocks or enable -fallbackfee

i just let it do its thing while watching a movie and now it's cleared.... guess he had to catch up some blocks for good :)

It indeed required to catch-up because the fee estimation algorithm will have to check your mempool and blockchain for the latest transactions' fee rate.

Next time if you need to send a transaction right away: you can manually set the fee rate by clicking "Choose..." next to the transaction fee.
It will let you set a custom transaction fee at BTC/kvB; e.g.: 0.00001000 for 1sat/vB.

[gabrio81]

Fee Estimation failed . fallback fee is disabled. Wait a few blocks or enable -fallbackfee

i just let it do its thing while watching a movie and now it's cleared.... guess he had to catch up some blocks for good

It indeed required to catch-up because the fee estimation algorithm will have to check your mempool and blockchain for the latest transactions' fee rate.

Next time if you need to send a transaction right away: you can manually set the fee rate by clicking "Choose..." next to the transaction fee.
It will let you set a custom transaction fee at BTC/kvB; e.g.: 0.00001000 for 1sat/vB.

thanks for all tips!