Yrth
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Activity: 123
Merit: 21
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July 03, 2018, 09:09:32 AM |
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A 79 minute and counting network block. That'll be loaded with fees.
Would be nice to get this one!
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delicin33
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July 03, 2018, 10:57:23 AM |
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How does one know or find out when it is a good time to consolidate transactions?
I've heard others say they can control their cost by having an option or something?
I've been using Exodus wallet and it is a flat fee no matter what -- with no options or control.
Just looking to do one of 2 things, figure out when the best times to consolidate are (via a program or app)?? or get a new wallet of some kind that gives you those options.
Any help or direction in either scenario would be greatly appreciated.
Pecker!
https://bitcoinfees.earn.com/you can use this site to see how long it will take to consolidate with a given fee. Currently 1 sat/byte will settle in under 1.5 hours! Also https://coinb.in/#feesLast Block Pool: 9h 45m (530262) Network: 54m 9s (530296)
another 1hour block i prefer this site for fees estimation ----> https://estimatefee.com/
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Apprentice
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July 03, 2018, 12:12:30 PM |
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can anyone recommend a good re-seller. The country where I leave banned miners including PSUs.
At the moment I need to get PSU ASAP.
Thanks.
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heartlandmining
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Merit: 5
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July 03, 2018, 01:36:07 PM |
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can anyone recommend a good re-seller.
Amity labs on eBay.
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swanny88
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July 03, 2018, 05:00:57 PM |
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A 79 minute and counting network block. That'll be loaded with fees.
Would be nice to get this one!
Maybe just maybe the difficulty will go down in two weeks. I know it's still early but the aveage is way over 10 minutes currently
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BSGMiner
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Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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July 03, 2018, 09:06:46 PM |
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How does one know or find out when it is a good time to consolidate transactions?
I've heard others say they can control their cost by having an option or something?
Currently 1 sat/byte will settle in under 1.5 hours! Has anyone been able to find out how these bytes are measured? Is it the more inputs and/or BTC that drives the size of the transaction up?
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The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance***
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rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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July 03, 2018, 09:11:28 PM |
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How does one know or find out when it is a good time to consolidate transactions?
I've heard others say they can control their cost by having an option or something?
Currently 1 sat/byte will settle in under 1.5 hours! Has anyone been able to find out how these bytes are measured? Is it the more inputs and/or BTC that drives the size of the transaction up? inputs, has nothing to do with the actual amount of BTC 1 input of 1 BTC is the same as 1 unit of 100 BTC
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BSGMiner
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Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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July 03, 2018, 09:16:28 PM |
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Has anyone been able to find out how these bytes are measured? Is it the more inputs and/or BTC that drives the size of the transaction up?
inputs, has nothing to do with the actual amount of BTC 1 input of 1 BTC is the same as 1 unit of 100 BTCSo, are you saying though that the 100 BTC would have a high fee, then?
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The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance***
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minergain.com
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Free mining equipment tracking and reporting
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July 03, 2018, 09:58:00 PM Last edit: July 03, 2018, 10:09:55 PM by minergain.com |
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inputs, has nothing to do with the actual amount of BTC 1 input of 1BTC is the same as 1 unit of 100BTC
So, are you saying though that the 100 BTC would have a high fee, then? Not if it is consolidated into a single transaction. It can be a million BTC or 100 satoshis and it is still based on the number of transactions. If you transfer .00001 BTC that is made up of 4 transactions, it would cost 4 times the fee of a million BTC with one transaction. It is totally strange how it works - and that is why it is important to consolidate when the fees are low (and you do not care if it takes a few weeks to get merged together into one transaction). There is nothing worse than having the market go crazy and needing to pay for something with more transaction fees than what you are trying to send due to lots of small mining transactions...
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rifleman74
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Activity: 658
Merit: 21
4 s9's 2 821's
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July 03, 2018, 10:46:07 PM |
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Has anyone been able to find out how these bytes are measured? Is it the more inputs and/or BTC that drives the size of the transaction up?
inputs, has nothing to do with the actual amount of BTC 1 input of 1 BTC is the same as 1 unit of 100 BTCSo, are you saying though that the 100 BTC would have a high fee, then? Not if it's one input. 1 input of 1 BTC is the same in fees as 1 input of 500 BTC.
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BSGMiner
Member
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Activity: 490
Merit: 16
1xA921 + 1xA741 + Backup-->1xA6 ;)
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July 03, 2018, 10:53:34 PM |
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inputs[.] [It] has nothing to do with the actual amount of BTC 1 input of 1BTC is the same as 1 unit of 100BTC
So, are you saying though that the 100 BTC would have a high fee, then? Not if it is consolidated into a single transaction. It can be a million BTC or 100 satoshis and it is still based on the number of transactions. If you transfer .00001 BTC that is made up of 4 transactions, it would cost 4 times the fee of a million BTC with one transaction. It is totally strange how it works - and that is why it is important to consolidate when the fees are low (and you do not care if it takes a few weeks to get merged together into one transaction). There is nothing worse than having the market go crazy and needing to pay for something with more transaction fees than what you are trying to send due to lots of small mining transactions... Ahh, so I must've interpreted Rifleman's answer wrong. I suppose I should've read it with the above red font changes. Thanks all!
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The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance***
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kano (OP)
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Linux since 1997 RedHat 4
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July 03, 2018, 11:27:23 PM |
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Yes transaction fees are based on the byte size of the transaction - which is of course totally unrelated to the amount of BTC used. A single input of say 60 bytes can be the same size no matter how much the actual BTC is. The number of inputs and outputs will determine the size of the transaction.
The number of inputs would e.g. be the number of payouts you are consolidating - irrelevant of the amount of BTC in each payout. The number of outputs when consolidating would normally be 1 and usually be 2 when paying someone: a) payment and b) the change.
Then just to really piss all the pools and miners off - core changed it so that the fee calculation for a normal transaction is 4 times the fee calculation for a segwit transaction. Centralisation at it's best.
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kano (OP)
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Linux since 1997 RedHat 4
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July 04, 2018, 01:01:35 AM |
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Block! by AsogAKBTC Welcome to the Acclaim board with your 1st KanoPool block
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clgrissom3
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Carl, aka Sonny :)
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July 04, 2018, 01:02:32 AM |
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Love it...another block!
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Shazam!!!
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#takeminingback
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July 04, 2018, 01:04:49 AM |
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BTCamm!!! Great start this month!!!
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Click these links to learn some truth about Big Corporate mining pools stealing your money and centralizing BTCitcoin!!! Help support the BTCitcoin community!!! Mine your BTCitcoin at a non-Corporate pool!!! BTC: 1ShazamjsPnpWDNnk3n2tAiKGMdXaSjay
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BSGMiner
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1xA921 + 1xA741 + Backup-->1xA6 ;)
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July 04, 2018, 01:17:38 AM |
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Happy Independence Day Eve BTClock!
Keep 'em rollin'!
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The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance***
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Pecker
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July 04, 2018, 02:17:22 AM |
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How does one know or find out when it is a good time to consolidate transactions?
I've heard others say they can control their cost by having an option or something?
Currently 1 sat/byte will settle in under 1.5 hours! Has anyone been able to find out how these bytes are measured? Is it the more inputs and/or BTC that drives the size of the transaction up? inputs, has nothing to do with the actual amount of BTC 1 input of 1 BTC is the same as 1 unit of 100 BTCThanks for the info folks! But I'm still stuck on Exodus and going to have to pay high transaction fees... They have no options to pick from as far as fees. That said, when or if would be the best time to consolidate? sounds like I'm going to get it anyway right, no matter what unless transaction fees go down? Should I just hold there and wait? How often do they drop to the lower rates? I need a really easy SAFE, SECURE wallet for mining proceeds that I can set the fees with as I want to consolidate weekly or at least every couple of weeks... I have a Nano S9 but it is acting up. Nervous to do anything there...Can that be recovered if Nano S9 goes bad? Just seems flaky... Still scratching my head on what to do and when to do it...lol Mine on with KANO-SAN!
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BSGMiner
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1xA921 + 1xA741 + Backup-->1xA6 ;)
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July 04, 2018, 03:28:00 AM Last edit: July 04, 2018, 03:56:07 AM by BSGMiner |
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...core changed it so that the fee calculation for a normal transaction is 4 times the fee calculation for a segwit transaction.
So, if I use the address that starts with a 3, then it's only 250 Sat/byte vs. the usual 1000? Edit: If that's the case, it seems to make sense--and cents --to mine to a segwit address for at least the consolidating process...
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The BTCest mining pool (<1% fee): KanoPool***PPLNS rewards averaged over the 5Nd to reduce variance***
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highlander113
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July 04, 2018, 07:51:43 AM |
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Happy Independence Day Eve BTClock!
Keep 'em rollin'!
Happy Independence Day from Scotland to all our American friends now lets free some BTClocks
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