♻️ BaltEX.io – Private Crypto Swaps 🍀 BTC ' ETH ' XMR 🍀

[Faisal2202]

Hi everyone!
Especially those of you who have used or are currently using the BaltEX promotional sig. Our text is quite straightforward to translate, but we’d prefer not to rely on machine translation tools—so we would be very grateful if you could spare some time to help with the localization. It would mean a lot to us!

Hi, I would love to, but my local community lacks a board but I will manage some time to translate it into our local language if having no board won't be a big deal!

I’ve been lucky because I tend to be overly meticulous at times.

When you are like this by nature, you don't make mistakes even when you are drunk. I have seen people in these states, and they would act normally, while sometimes it becomes hard to distinguish if they are faking, haha. But how did you develop this nature? Haha, I would never.

See you all swapping 

Welcome aboard, bro.

Regarding all those high fee discussion which is no longer relevant to Bitcoin these days. I really never understand when people pay so much by accident it is just basic math ,,, why not just stick to a very old trusted wallet like Electrum right? Fees are so clear, you can adjust, and just simply pay the lowest and wait. There was a time when it was expensive but that days are gone,,, and even in those expensive days I just set a low fee and waited.

We were not just discussing high fees, we were discussing mistakes that human nature sometimes makes. Like using Electrum, but in a hurry or while being drunk, we can make mistakes like this that's what we were discussing.

[tabas]

Regarding all those high fee discussion which is no longer relevant to Bitcoin these days. I really never understand when people pay so much by accident it is just basic math ,,, why not just stick to a very old trusted wallet like Electrum right? Fees are so clear, you can adjust, and just simply pay the lowest and wait. There was a time when it was expensive but that days are gone,,, and even in those expensive days I just set a low fee and waited.

Yes, those days are gone when too much fees for transfer for btc was there. My personal reason why I am not choosing the lowest fee is because I don't want to wait for too long and for it to be processed as soon as possible. But I can't complain with the fees right now, it's very cheap from the usual 1 sat to 3-4 sats/vB which was the highest that I've seen. The fees have been neutralized and stable so, really can't whine about that.

[hosemary]

But I can't complain with the fees right now, it's very cheap from the usual 1 sat to 3-4 sats/vB which was the highest that I've seen.

From 1 sat/vbyte? Even 1 sat/vbyte is too high these days. You can make transactions with much lower fee rates.
In recent blocks, miners have included plenty of transactions with fee rates as low as 0.11 sat/vbyte.

[leea-1334]

Regarding all those high fee discussion which is no longer relevant to Bitcoin these days. I really never understand when people pay so much by accident it is just basic math ,,, why not just stick to a very old trusted wallet like Electrum right? Fees are so clear, you can adjust, and just simply pay the lowest and wait. There was a time when it was expensive but that days are gone,,, and even in those expensive days I just set a low fee and waited.

Yes, those days are gone when too much fees for transfer for btc was there. My personal reason why I am not choosing the lowest fee is because I don't want to wait for too long and for it to be processed as soon as possible. But I can't complain with the fees right now, it's very cheap from the usual 1 sat to 3-4 sats/vB which was the highest that I've seen. The fees have been neutralized and stable so, really can't whine about that.

I seldom make a transaction that is urgent,,, and during high fee periods the guys I send to are always fine to wait. Plus, I mention Electrum again because it has ability to make RBF, if you suddenly need a higher fee ok no problem just RBF Like you said though nowadays it is 1 satoshi per byte,,, I sometimes see it is 3 or 4 but I always send 1 now for maybe 2 or 3 years and no problem. Nothing to whine for sure  

[tabas]

But I can't complain with the fees right now, it's very cheap from the usual 1 sat to 3-4 sats/vB which was the highest that I've seen.

From 1 sat/vbyte? Even 1 sat/vbyte is too high these days. You can make transactions with much lower fee rates.
In recent blocks, miners have included plenty of transactions with fee rates as low as 0.11 sat/vbyte.

The higher the price that bitcoin goes, I agree that even 1 sat/vB is also expensive. I think that I've also seen it as low as 0.11 sat/vB and that will be better if that's the next low priority that we'll see soon. However, just as typing it right now as per mempool.space the no priority only costs 0.2 sat/vB.

I seldom make a transaction that is urgent,,, and during high fee periods the guys I send to are always fine to wait. Plus, I mention Electrum again because it has ability to make RBF, if you suddenly need a higher fee ok no problem just RBF Like you said though nowadays it is 1 satoshi per byte,,, I sometimes see it is 3 or 4 but I always send 1 now for maybe 2 or 3 years and no problem. Nothing to whine for sure 

That's good if the receiver isn't requiring you to pay for the higher fees and that's an advantage that they can wait.

[Mate2237]

I agree that even 1 sat/vB is also expensive. I think that I've also seen it as low as 0.11 sat/vB and that will be better if that's the next low priority that we'll see soon. However, just as typing it right now as per mempool.space the no priority only costs 0.2 sat/vB.

Most of the onchain transaction fees this day comes with 1 sat/vB and I have not really seen 0.11 sat/vB or below and if that happens transaction will be interesting. And also swapping coins will be nice as well. When people want to convert or swap coins they check the fee. Even though it goes down to 0.11 sat/vB and below, it would be within some second and bounced back to 1 sat/vB. That is where many people see.

[hosemary]

Moat of the onchain transaction fees this day comes with 1 sat/vB and I have not really seen 0.11 sat/vB or below and if that happens transaction will be interesting.

You can find many transactions with fee rates below 1 sat/vbyte (and as low as 0.11 sat/vbyte in the past 24 hours) if you bother to check the blockchain.
Miners have been including sub 1 sat/vbyte transactions for more than a year.

[Upgrade00]

Most of the onchain transaction fees this day comes with 1 sat/vB and I have not really seen 0.11 sat/vB or below <snip>

If you're relying on the feerate estimate provided by the software you're sending from, it's usually updated less frequently or the recommended values are higher than the average as they attempt to prevent your transaction from getting stuck.

If you want sub 1 sat/vbyte transactions, monitor it yourself on the mempool before initiating your transaction, manually selecting the lowest feerate.

[fruktik]

When you are like this by nature, you don't make mistakes even when you are drunk. I have seen people in these states, and they would act normally, while sometimes it becomes hard to distinguish if they are faking, haha. But how did you develop this nature? Haha, I would never.

It’s very likely that this is thanks to my parents, who made me focus for several hours at a time on completing a single, time-consuming task. I would sit there until I had done everything exactly as required.

This helped me develop the ability to concentrate for long periods of time. Reading a lot of books and being unable to put them down also contributed to this.

I can’t just walk away without finishing the work. Even if something doesn’t work out, I break it down into the smallest details to find the cause.

[hosemary]

If you're relying on the feerate estimate provided by the software you're sending from, it's usually updated less frequently or the recommended values are higher than the average as they attempt to prevent your transaction from getting stuck.

Besides, Electrum never suggests fee rates below 1 sat/vbyte, and you have to set the fee rate manually if you want to make sub 1 sat/vbyte transactions.
I'm not sure, but many other wallets are probably the same and the minimum fee rate they suggest is 1 sat/vbyte.

[leea-1334]

Moat of the onchain transaction fees this day comes with 1 sat/vB and I have not really seen 0.11 sat/vB or below and if that happens transaction will be interesting.

You can find many transactions with fee rates below 1 sat/vbyte (and as low as 0.11 sat/vbyte in the past 24 hours) if you bother to check the blockchain.
Miners have been including sub 1 sat/vbyte transactions for more than a year.

Maybe he will be shocked to learn that some time ago it was common to send 0 sats txs even But it all changed when most of the relays and miners only accepted txs with fees of 1sat per vbyte. So most likely any tx accepted below that minimum is inserted by the miners themselves or are their own txs I remember a thread telling how to manually set it in Bitcoin Core but cannot find it now but the problem is to find the miner who will accept it.

[hosemary]

But it all changed when most of the relays and miners only accepted txs with fees of 1sat per vbyte. So most likely any tx accepted below that minimum is inserted by the miners themselves or are their own txs

Almost all nodes have lowered their minimum relay fee rate to 0.1 sat/vbyte, and miners are including sub 1 sat/vbyte transactions normally.
So, what you said is true only for transactions with fee rates below 0.1 sat/vbyte.

[MainIbem]

Moat of the onchain transaction fees this day comes with 1 sat/vB and I have not really seen 0.11 sat/vB or below and if that happens transaction will be interesting.

You can find many transactions with fee rates below 1 sat/vbyte (and as low as 0.11 sat/vbyte in the past 24 hours) if you bother to check the blockchain.
Miners have been including sub 1 sat/vbyte transactions for more than a year.

It's not even rare anymore, lately the fees from the transactions I've made are below 1 sat/byte, the highest I've paid im the past weeks is 0.21, next to it is 0.10, haven't really paid up to 1 sat/vbyte lately. And if i come across a higher fee rate I'll just explain to the person am sending to, requesting that he/she be patient. Although if you check the mempool lately you'll noticed that blocks that aren't full have fees of around 0.1 - 0 12 sat/vbyte.

[hosemary]

Although if you check the mempool lately you'll noticed that blocks that aren't full have fees of around 0.1 - 0 12 sat/vbyte.

This is not true.

Blocks that aren't full are usually those mined by miners that don't accept transactions paying less than 1 sat/vbyte, and they are rare these days.
Almost all blocks are full these days, and they usually include transactions paying such low fees.

[buwaytress]

Maybe he will be shocked to learn that some time ago it was common to send 0 sats txs even But it all changed when most of the relays and miners only accepted txs with fees of 1sat per vbyte. So most likely any tx accepted below that minimum is inserted by the miners themselves or are their own txs I remember a thread telling how to manually set it in Bitcoin Core but cannot find it now but the problem is to find the miner who will accept it.

Like hosemary says, the min relay fee was lowered (last year) to be 0.1 sat/vbyte; hosemary's referenced fees of sub 1 sat in blocks over the past year are picked up normally, they're just above that minimum. July I guess, if this memspool.space tweet happened on the same day:

https://x.com/mempool/status/1945080617290404161

P.S. I still leave mine at 1 sat/vbyte. I am using less and less in the past year and probably will only save a few dollars annually so, can't be arsed.

[MainIbem]

...

This is not true.

Blocks that aren't full are usually those mined by miners that don't accept transactions paying less than 1 sat/vbyte, and they are rare these days.
Almost all blocks are full these days, and they usually include transactions paying such low fees.

You're correct mate my statement was supposed to be the other way round and I didn't crosscheck to correct it, thanks anyway. Infact most of the blocks these past week had transactions less than 1 sat/vbyte and the few paying 1 sat/vbyte are those that aren't full. Some miners would rather take up to 1sat/vbyte than leaving a space empty.

[leea-1334]

But it all changed when most of the relays and miners only accepted txs with fees of 1sat per vbyte. So most likely any tx accepted below that minimum is inserted by the miners themselves or are their own txs

Almost all nodes have lowered their minimum relay fee rate to 0.1 sat/vbyte, and miners are including sub 1 sat/vbyte transactions normally.
So, what you said is true only for transactions with fee rates below 0.1 sat/vbyte.

Damn,,, yes it seems I was outdated. Do you know a good guide to change the fee to lower than 1 sat/vbyte in Electrum? I tried googling but it is not giving me and chatgpt gives wrong info

Like hosemary says, the min relay fee was lowered (last year) to be 0.1 sat/vbyte; hosemary's referenced fees of sub 1 sat in blocks over the past year are picked up normally, they're just above that minimum. July I guess, if this memspool.space tweet happened on the same day:

https://x.com/mempool/status/1945080617290404161

P.S. I still leave mine at 1 sat/vbyte. I am using less and less in the past year and probably will only save a few dollars annually so, can't be arsed.

Currently I pay between 120 and 500 satoshi per transaction depending on inputs, and yeah it seems like just a few cents but I make sends or deposits around 1 or 2 times per week, average of at least 50 cents per month is 6 dollars a year. I guess you are right,,, not much difference but then again 60 cents and 6 dollars a year difference is a relative savings  

[buwaytress]

Damn,,, yes it seems I was outdated. Do you know a good guide to change the fee to lower than 1 sat/vbyte in Electrum? I tried googling but it is not giving me and chatgpt gives wrong info

It's always been somewhere in the part where you pay. Depending on your version. Latest version is in Send tab, then click 'Pay' after you've specified destination and amount, and you'll be asked to enter the fee. The slidebar's minimum is 1 sat, but if you click Tools and tick the "Edit fees manually" option, you can change it to 0.1 sats.

Currently I pay between 120 and 500 satoshi per transaction depending on inputs, and yeah it seems like just a few cents but I make sends or deposits around 1 or 2 times per week, average of at least 50 cents per month is 6 dollars a year. I guess you are right,,, not much difference but then again 60 cents and 6 dollars a year difference is a relative savings  

Yeah about 122 sats for just one output, so most txs would have 2 (assuming change), then it's 270 or so. I mean, it's a savings sure... and maybe when I was doing daily transactions like in the past, and definitely when I'm doing batch payments.

[Faisal2202]

It’s very likely that this is thanks to my parents, who made me focus for several hours at a time on completing a single, time-consuming task. I would sit there until I had done everything exactly as required.

This helped me develop the ability to concentrate for long periods of time. Reading a lot of books and being unable to put them down also contributed to this.

I can’t just walk away without finishing the work. Even if something doesn’t work out, I break it down into the smallest details to find the cause.

Bro don't mind but it seems like a movie scene where the parents wants good of their kids and want to follow old ways of raising them but these days I guess smartphones has made it even worse. Hell I at this age started to forget names and numbers. My grandfather is 96+ years old (may he live longer and healthier) and he now says I don't remember the names, and he always said this in front of me and I just listened to him silently, thinking I am not even halfway there and I have already started to forget names anyway. That's the old way, I guess, it must be something in the food haha although smartphones won't do this to us  or screens.

[hosemary]

Do you know a good guide to change the fee to lower than 1 sat/vbyte in Electrum? I tried googling but it is not giving me and chatgpt gives wrong info

As buwaytress mentioned above, you need to set the fee rate manually. However, there are a couple of things to note:

First:
Not all Electrum servers accept sub 1 sat/vbyte transactions, and there's a chance you'll get a message saying "the transaction requires a higher fee, or it will not be propagated by your current server.".
If you get this error, you need to switch servers until you find a one that accepts such transactions. This shouldn't be difficult, as there are many Electrum servers accepting sub 1 sat/vbyte transactions.

Second:
If you are using a desktop version older than 4.6.2, you need to use the wallet.relayfee=(lambda: 0) command on Console every time you start Electrum, and if you are using a mobile version older than 4.7.0, there's no way to create a sub 1 sat/vbyte transaction at all.