Post
Topic
Board Electrum
Re: Mining fees as popularity of bitcoin rises
by
virasog
on 03/09/2023, 05:14:14 UTC
@Findingnemo,

Yes, consolidate my smaller inputs whilst keeping my privacy.  Will check the link you gave.

When consolidating your inputs, make sure you use a fee that gets confirmed. As you said, mining fees are increasing, usually a very low fee can keep your transaction unconfirmed for a long long period, so be aware of what exactly you want to do.

Just to give you an idea, if you put 8 sat/byte, it will take more than 1000 blocks to confirm, so if you put 7 or 6 sat/byte as the fee, you may have to wait a lot longer.



https://buybitcoinworldwide.com/fee-calculator/