Re: [JULY 2020] Fees are low, use this opportunity to Consolidate your small inputs!

Quote from: LoyceV on July 29, 2020, 11:50:00 AM

Quote from: Erumo on July 29, 2020, 10:54:46 AM

Sorry for a bug like me bothering giants

There's no need for such a disclaimer, at least in my topics. How did you go from "I'm Erumo - Master of the Universe" to being humble?

Too many Universes around, I'm just the master of my own Cheesy

In the world of humans and this particular forum, my knowledge of bitcoin technology (i.e. transactions) equals bugs life cycle eat-sleep-repeat (receive-send bitcoin). Looking how you communicate and operate with knowledge, I made a comparison of me being a bug, and others being giants.

Maybe this is not the best topic to ask, but I would be really grateful if someone would explain how fee and transaction time are calculated.

Quote from: OcTradism on June 25, 2020, 11:34:15 AM

It works again: https://coinb.in/#fees. The recommended fee is 34 sat/byte.

For example how he calculated recommended amount here ? Or how can I calculate approximate transaction time using https://jochen-hoenicke.de/queue/#0,24h with this recommended 34 sat fee ?

Or another question. If I send bitcoin at 08:00, and wish to receive it on other address at 08:00 next day, which amount of Satoshi per byte should I use?