⭐ Merited by pooya87 (1)
Right, this is all very bad. I sent a tx with proper fee but the block got late in coming and during that time people sent txs with more fees and so there txs got included in the next block and not mine. This isn't fair at all.
I think it should be first come first serve basis and not based on greed of miners for higher fee. At-least if a tx is sent with a proper fee. If it is lower or nil then by all means send it to the end but if a tx is paying at-least 1% of the transacted amount then it should get included in next 3 blocks at the very least.
And 4 USD doesn't seem bad if you're doing like 1tx in a week but when you're doing 4 in a day, it starts to look big. I'll give accelerators I try. Thanks all!
Btw, my stuck tx on block explorer :ETA unknown (9.97 vMB from tip)
Well that's how the Bitcoin network was designed and it's what has kept it running for the last 10 years. If transactions were to be confirmed on a first come first serve basis then people wouldn't see any reason to pay more than 1 sat/vbyte and this would be catastrophic to the Bitcoin network. Miners wouldn't profit and therefore they would abandon minig bitcoin.I think it should be first come first serve basis and not based on greed of miners for higher fee. At-least if a tx is sent with a proper fee. If it is lower or nil then by all means send it to the end but if a tx is paying at-least 1% of the transacted amount then it should get included in next 3 blocks at the very least.
And 4 USD doesn't seem bad if you're doing like 1tx in a week but when you're doing 4 in a day, it starts to look big. I'll give accelerators I try. Thanks all!
Btw, my stuck tx on block explorer :ETA unknown (9.97 vMB from tip)
There are a few threads that can help know how you can spend less on bitcoin fees
- [Sept 2020] Fees are low, use this opportunity to Consolidate your small inputs!
- Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC
There are also certain times of the day when fees tend to spike. You should probably try spending your bitcoins before those times. Like everyday at 13:00 UTC, bitmex broadcasts a batch withdrawal of thousands of transaction with relatively high transactions fees which flood the mempool for a few hours affecting how long other transactions with lower fees are going to be confirmed
Here are details of the research if you are interested https://b10c.me/mempool-observations/2-bitmex-broadcast-13-utc/