Post
Topic
Board Bitcoin Technical Support
Re: Abandoning a transaction now making a double spend
by
evan79
on 03/01/2018, 20:54:01 UTC
No problem, thanks for helping me, can you confirm the formula on how are you getting to 64 satoshi/byte based on 0.001 fee and bytes been 1558?

1 BTC = 100000000 satoshi
0.1 BTC = 10000000 satoshi
0.01 BTC = 1000000 satoshi
0.001 BTC = 100000 satoshi
0.0001 BTC = 10000 satoshi
0.00001 BTC = 1000 satoshi
0.000001 BTC = 100 satoshi
0.0000001 BTC = 10 satoshi
0.00000001 BTC = 1 satoshi

So, since 0.001 BTC = 100000 satoshi and you paid a fee of 0.001 BTC for 1558 bytes...

100000 satoshi / 1558 bytes = 64.18 satoshi per byte

Thank you