Post
Topic
Board Bitcoin Technical Support
Topic OP
How to update transaction fee in Bitcoin Core in 2017
by
Invisible Hand
on 04/01/2017, 15:53:43 UTC
Hello, I'm running Bitcoin Core but having the problems that it puts a low fee (~0.0001) and it takes hours to confirm. Seems like my (several years) old config file doesn't handle fees anymore.

What should I set in the config in order to make it send with transaction fees that are suitable as of 2017 and want to confirm within a couple of blocks? (seems like     -txconfirmtarget=    If paytxfee is not set, include enough fee so transactions begin confirmation on average within n blocks (default: 2) is not working very well.)

edit: I put 2017 in the title so that people like me that Google this will find this thread!