Post
Topic
Board Electrum
Re: static or mempool for withdrawal
by
Synchronice
on 10/05/2023, 18:51:25 UTC
thanks for the advice


ive never done a mempool transfer.

i want to move 0.005 btc using desktop electrum which is 200 ausd.


i dont need it moved within a hour or so if it takes a day thats ok as long as it gets there.


the fee when i click the lowest mempool is 6.3%. at a target fee of 87.2 sat/byte. which is 0.00325 bitcoin

when i manually change the target fee to 200 the fee gos to 0.000725.


i just dont like the high fee since its only 200 ausd or so dollars im trying to send and its costing either 13 lowest which might take ages or 30 if i choose target fee of 200 at the moment.

i have no idea how it will go as i usually always pay low fees till 2 days ago and never clicked static or mempool i have always just used ETA and never touched the advanced settings.


if someone was trying to move $200 worth of BTC 0.005 at the moment which would they choose?
Do it, just do it now, pay with 87.2 sat/byte to get it instantly confirmed. You may try lower fees but no one knows if mempool gets stuck again or not, it depends on you, you may risk and tomorrow you'll get your transaction confirmed with 30 sat/byte because slowly fees are going down as it seems throughout the day but there is a chance that people will spam blockchain and fees will skyrocket again. Decide yourself, keep in mind that bitcoin price changes by some % throughout the day, keep that in mind.


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