Woah. They did warn me that the Bitcoin Talk legends are very technical haha. I'm in the marketing team and am actually pretty new cryptocurrency as we are a new exchange so I'm still learning the ropes. Would it be possible to explain in layman terms? Hahaha
Just a heads up: If you're not in a rush, you can simply use a cheap fee transaction(probably something like 5 sats/b) and just wait more or less 6 hours for your transaction to be confirmed.
Appreciate your reply but what is 5 sats/b and where can I find them?
If OP does not know, please use the Johoe website to check appropriate fee rate to use
- https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight
- Hovering your computer mouse on the end of the chart, you will see fee rate and corresponding weight in the mempool. 1 block will take up to 1 vMB from tip of mempool.
- If you want to get 1st confirmation in next 1 block, choose fee rate with total weight is less than 1 vMB.
- If you can wait about 1 hour (6 blocks), choose a fee rate with weight around 6 vMB.
Thanks for the link! Could you tell me what is vMB?