Post
Topic
Board Bitcoin Technical Support
Re: Is the default fee too low?
by
TCM
on 07/01/2016, 17:37:26 UTC

Currently, Bitcoin Core uses an algorithm to monitor the network and see how long transactions take to confirm and then uses that to determine what fee is needed to get a transaction to confirm quickly.  If it doesn't have sufficient information since it had just been started, it could be miscalculating.
Since syncing takes quite a long time, depending on the last sync upto half an hour, is that included in the fee determination or do I have to let it sync and _then_ let it determine the fee on top of that?

Quote
If you have the tx id, that might be helpful ;-)
I have but I don't want to create data points. Smiley