Post
Topic
Board Mycelium
Re: tx fees way too high, even in low prio or economy mode
by
ethereumhunter
on 30/06/2017, 06:07:01 UTC
I know Mycelium uses dynamic fees, and understand why, and it's great that you do this.

However the current settings are WAY too high. Especially the low priority and economic fee settings should be considerably lower. Currently they are much higher than would be required to get a confirmation within 30-60 or 60-120 minutes or so. Actually, even with the lowest (cheapest) setting, my txs still typically confirm within 1 or 2 blocks.

As I'm looking this very moment, my Mycelium (latest version, Android) suggests 235 sat/byte in Low-prio mode, and 255 sat/byte in Economic mode. These amounts could be 5-10 times smaller.

Can this be adjusted? It's good to put a warning in there, informing people this may cause considerable delay to their tx, but for users who know what they're doing it would be great to at least have the possibility.

Thanks ♥

i think its normal and its because blockchain having overload in network too many times, so we need to pay more to gets fast confirmed. as far as i used mycelium, i don't mind to pay fees more than minimal amount because i don't want to waiting too long and even if i want to waiting too long, i don't thinking too much about the fee and i am sure that every transaction that have been made is always gets confirmed in the end.