Post
Topic
Board Bitcoin Discussion
Re: Are you using low fees?
by
Netnox
on 04/06/2017, 06:30:58 UTC
several month ago with only 70 satoshi/kb my transactions was confirmed only few hours but today is different that we have to set the higher fees to reach fast confirmations and today i decide to added more fees at least to 280 satoshi/kb because it necessary to get fast confirmations

Two days back, my transactions also got confirmed very quickly, although I paid a fee far lower than what was suggested by bitcoinfees.21.co. If I remember it correctly, I paid around 100 Sat/byte. The online calculator was suggesting somewhere around 260 Sat/byte.

That said, it is now getting very difficult to do small-value transactions. I paid BTC0.0002 fee for transferring BTC0.001 from one of my wallets. That corresponds to close to 20% fee.