Post
Topic
Board Bitcoin Discussion
Re: The fees are crazy, 420 satoshis/byte, WHY?
by
kvlolo
on 21/05/2017, 11:54:16 UTC
This site https://jochen-hoenicke.de/queue/#2h helps me a lot.

Steps to ensure fastest send.
1. These times you can never be sure of the fees to pay. So I strongly advice that whenever you send, you make sure to opt-in RBF (replace-by-fee) transactions.
2. Go check https://jochen-hoenicke.de/queue/#2h Right now it says there are 1,100 pending TX for 280+ sats per byte.
3. Check https://tradeblock.com/bitcoin/ to find out how much TX was included in the last 4 blocks and when was the last block found.
4. Determine the size of your send by using https://coinb.in/#newTransaction
5. Let's say 382 bytes is the final size of your tx. That's 0.0010696BTC.

From the above steps, you can approximate how much fees to pay.

Is that something like push service?

Yes, great for paper wallets.

That's cool. I'm thinking whether I need to set up a paper wallet.  Grin