Post
Topic
Board Development & Technical Discussion
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
by
polyhedron
on 27/08/2017, 15:51:57 UTC
It's good for whoever already used ledger wallet or bitcoin core which can transact through segwit chain.
There are over 24K unconfirmed transactions and BTC7 total fees right now, better than yesterday obviously which reached over 80K unconfirmed transactions. Usually I checked current network regarding unconfirmed transactions to predict how much fees to be paid and how long I should wait for the transaction to be confirmed.
I do not use ledger wallet or bitcoin core, but I can confirm current fees through blockhain.info walet is convenience around BTC0.00022218 for BTC0.0535, but not for electrum, still have to pay high fees for small amount transaction. Electrum devs takes more time to update their codes.
True that currently the tx fees are too much more paid.
Since the difficulty of BCC mining tripples ~12 h ago and miners switched back to BTC, most tx with reasonable fee have already been digested.
http://8btc.com/data/attachment/forum/201708/27/203406a132yw8wbm3zdwiw.png
As this shows, actually all tx with >0.0005 BTC/kB can be confirmed soon. But in Electrum, if I choose "Dynamic fee", the lowest suggested fee ("within 25 blocks") is still ~0.004 BTC/kb, 8 times than really needed (as far as the miners don't switch back to BCC).