Ninjastic
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Board Gambling
Re: 🌟🎲🌟 MoneyPot.com -- Your Trusted Bitcoin Gambling Wallet (Upgraded Speeds!)
by
BetterBets.io
on 22/05/2016, 15:41:29 UTC
Quote from: ranlo on May 22, 2016, 05:13:51 AM
Quote from: Dannie on May 22, 2016, 04:20:18 AM
Quote from: Quickseller on May 22, 2016, 04:13:07 AM
Quote from: Dannie on May 22, 2016, 03:44:57 AM
Quote from: Dogedigital on May 21, 2016, 07:07:42 PM
Quote from: yahoo62278 on May 21, 2016, 05:20:30 PM
Yea guys its never been an issue of will I get my BTC. I trust moneypot team 100% with my BTC and know ill be paid. I just dont wanna wait 1-3 hours for the BTC I withdrawal to confirm. Not a huge deal normally

We now have 100 bit and 200 bit fee options for withdrawals Smiley

Is that the total fee or fee rate per KB? Let's say if someone makes a 10 btc withdrawal that uses a lot of inputs and hence has a huge tx size, is the tx fee still set at 100 / 200 bits?
I think it should be fairly obvious that it is total withdrawal, just as it has always been. The user has no control over the makeup of the size of the transaction. Plus even 100 bits per kB would be much higher then the current rate needed for a fast confirmation

I am not sure if this is the ideal case. My experience on another site is that the site will charge me 200 bit always, and the tx fee will always be 200 bits per KB. If my transaction size is small, the site will charge more fee than the actual fee used, and vice versa.

I have not made a transaction this week yet, so I have no info of confirmation time at different fee rate. But from the data on https://bitcoinfees.github.io/, 100 bits (=10k satoshi) per KB doesn't seem enough for a fast (within 1 or 2 blocks for example) confirmation, as the red line (for 6 blocks) has been above the 10k satoshi mark most of the time last week.

It's a flat-rate fee, so it's either 100 or 200 bits regardless of tx size (as you have no control over that part). At most, MP breaks even. Otherwise MP just pays more for tx than you're being charged, Smiley.

One option that could help is just having a base fee of 200 bits with the option for players to go up (if they choose) to 1000 bits if they want faster confirms.