[img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img][img]https://bitcoindata.science/api/chart.php[/img]Anyone can use those images, just use the codes above. Data is always updated.Great tool and I like the chart as it summaries what's going on with Bitcoin transaction fee.
(https://bitcoindata.science/bot/chart.php) (https://bitcoindata.science/bitcointalk-api.html#bitcoin-fees)I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?
Welcome to [Huge List] Bitcoin Helpful Links/ Tools (https://www.altcoinstalks.com/index.php?topic=315152.0)with such lists we will have a new Ratimov
I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?Only Mining pools can add their own transactions without any fee, 0 sat/vbyte is possible but as normal Bitcoin users, you can not use that fee rate and get confirmations nowadays.
with such lists we will have a new RatimovRatimov/ Symmetrick is not here and in Bitcointalk, already RIP.
I'd like to know did you use data from mempool.space to make this chart, as I recalled you did it with your previous tools.
Or you actually run your Bitcoin full node 24/7 and use it for your tools nowadays?
I was wondering about the line below, isn't it supposed to be 0 sat/vB, as this almost always happens when two blocks are mined with a relatively short time interval, so the block is broadcast without transaction fees?
That is a tool, nice work again ;)Yeah, this is needed.
I don't know if you may have overlooked it, but it would also be handy to display the time on a horizontal line on this chart. It would make reading the chart much easier.
also, not sure why don't you add a source (bitcoindata.science/API for example) to your graphics, maybe even a link if possible.
It's crazy about the mempool and fees these days. They had finally come down to about 30 sats/vByte and between Saturday and Sunday 100,000 transactions were dumped on the mempool, raising the fees above 200 sats/vByte. Since then it seems that nobody is spaming the mempool and both pending transactions and fees are gradually dropping, but it has seemed like a roller coaster over the last few days.Its not just for few days but since last year december that the mempool is roller coaster I manage to customized my fee once and confirmed faster and the next time i tried it stocked up to 5 days same sats/vByte that i used , We don't know till when this will run because we have had this in the past but not as long as we are experiencing now , even the free acceleration from viaBtc is been abused by Bot that we cannot use their free service as its always slots full
I think you are correct. I will fix that! Coinbase have 0 sat/vbyte feesDid you make any changes? It doesn't appear for me.
[img]https://bitcoindata.science/bot/chart.php[/img]Did you make any changes? It doesn't appear for me.
[img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]Did you make any changes? It doesn't appear for me.
The tool is designed so that the image always shows the current fee. The moment you reloaded the page or post where it was shared, regardless of when it was posted. Also, you don't need to use the "code" tag.
So for example, this (posted without a code tag)Code: [Select][img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]
will show like this (you will see that the same values are here and in the first bitmover's post)
(https://bitcoindata.science/api/bitcoinfees.php)
I suggest you visit https://bitcoindata.science for more info
I made some changes in the chart, as you suggested @examplens. Now I added my domain name, I will also add the dates in the x axis soon.
You can check in the OP
Somehow we all agreed that the 40 sat/vb fee is acceptable as usable. It would be easier to follow because a little while ago there was a short jump to 360, which significantly affects the appearance of the chart.
Oh, Thanks bitmover. I thought you didn't create such a thread here and I was saying this on another thread where stompix informed me that you have created this thread already. I guess the idea of Feebuddy won't work there. What do you think about it? We have been expecting a telegram bot like TryNinja's super notifier bot, but we haven't seen anything like that yet.
I guess I have seen a discussion somewhere and someone was trying to create a bot. Was it you or examplens? I don't remember exactly. But, It would be great if someone can manage create a teegram bot.
2 months ago I would never send a transaction for 40 sat/vB. I would pay at most 10.
Things changed... I hope fees will go back to normal...
So you trading it now ??? because it even more, the mempool keeps getting more congested day by day and the fee kept rising because they just want it done :P. Currently, what's Average fee you're paying/vB
So you trading it now ??? because it even more, the mempool keeps getting more congested day by day and the fee kept rising because they just want it done :P. Currently, what's Average fee you're paying/vB
I can tell you didn't follow the mempool before saying that. The mempool is in constant ups and downs lately, and just as three days ago there was a spike and fees went up to 200 sats/vByte they are now at more reasonable rates of around 50 sats/vByte. In fact, it has been having these ups and downs for some time now. I illustrate this with an image of unconfirmed transactions from mempool.observer:
Yeah I didn't lol :D
I can tell you didn't follow the mempool before saying that. The mempool is in constant ups and downs lately, and just as three days ago there was a spike and fees went up to 200 sats/vByte they are now at more reasonable rates of around 50 sats/vByte. In fact, it has been having these ups and downs for some time now. I illustrate this with an image of unconfirmed transactions from mempool.observer:
---
Do you remember that our beloved LoyceV has a thread named Mempool is empty, consolidate your tx or something like that. I guess that thread has no purpose at this moment. LOL. I hope I will get a notification one day that LoyceV posted again, and it's time to consolidate our TXs again! Ahhhhh
(https://bitcoindata.science/api/bitcoinfees.php)
I used to think 20 sats/vB was expensive. But now I see 40 sats/vB is cheap. Because now we've kept seeing costs keep circling between 40 to 200.
I hope things return to normal and I miss transactions with fees of 6 to 10sats/vB. Now I'm even starting to doubt that we'll ever see such cheap costs again. :'(
How happy I am to see fees reduced again, even though they are still high compared to fees a few months ago, but it would be very good if they remained constant at this rate. I expect that this would be satisfactory for both users and miners.
Last year, I actually still had no problem with the fee increases that continued to occur. Because last year there was a free Accelerator of 100 tx every hour from ViaBTC. But now I can no longer use the accelerator because the free slots have been reduced to 20 tx per hour and even then they always run out in a few seconds. Maybe by bots or maybe because many people use it.(https://bitcoindata.science/api/bitcoinfees.php)
I used to think 20 sats/vB was expensive. But now I see 40 sats/vB is cheap. Because now we've kept seeing costs keep circling between 40 to 200.
I get discouraged about transaction when I see high sats needed to get transactions included in the next block because to me, it's like we are spoiling miners. ;D I get it that they need to be compensated for the security level of bitcoin they are maintaining but if they continue like this, they will be the one having all the bitcoin.
yeah I think you are right. Because up to now, the number of people using Brc-20 doesn't seem to have decreased much. But instead it continues to grow. Moreover, many Cex have registered trading in coins from the BRC20 network.I hope things return to normal and I miss transactions with fees of 6 to 10sats/vB. Now I'm even starting to doubt that we'll ever see such cheap costs again. :'(
I don't think such will return soon. We have halving coming up and not like Ordinals are cooling off or disappearing from the protocol now. I'm very sure that if the halving is approaching, we will have more of them influence by some miners to increase their profits, that I'm very sure of and what they are going to do to increased their revenues.
Last year, I actually still had no problem with the fee increases that continued to occur. Because last year there was a free Accelerator of 100 tx every hour from ViaBTC. But now I can no longer use the accelerator because the free slots have been reduced to 20 tx per hour and even then they always run out in a few seconds. Maybe by bots or maybe because many people use it.
THe current fee rate is too high! It will cost about 3-4 USD to send each input (not the overall transaction).My solution for this issue is for campaign managers to adopt Liquid Network wallets (Aqua, Jade, Green wallet, ledger) and pay participants with L-BTC.
So if you received 30 usd per week in a campaign, to send 100 you would need to spend about 9 usd which is quite high
Maybe you can include additional fees in your bitcoindata mempool observer for Liquid network and L-BTC:
https://liquid.network/ (https://liquid.network/)
If the goal is to promote Liquid, that's fine. But otherwise i don't think it's very useful since that website shows most blocks is almost empty. It means people could just set 0.1 sat/vB (which is minimum fee rate[1]). Although as reminder Liquid use Confidential Transaction which leads to bigger transaction size[2].Goal is to show difference compared to main chain Bitcoin, and why it could be a good idea to use Liquid L-BTC for frequent campaign campaign payments.
THe current fee rate is too high! It will cost about 3-4 USD to send each input (not the overall transaction).You are right, for small amounts, the fees are still high, such as for campaigns in the forum. If you want to send the payment every week, it will cost you a fee of about $9 per month, as you mentioned, so I will not send it every week, but rather I will send it once a month to reduce the fees.
So if you received 30 usd per week in a campaign, to send 100 you would need to spend about 9 usd which is quite high
yeah, that's right, friend. Now I've even given up on using the free acceleration from ViaBTC. Because it is no longer possible to compete with bots which are always faster than us who only input manually.Last year, I actually still had no problem with the fee increases that continued to occur. Because last year there was a free Accelerator of 100 tx every hour from ViaBTC. But now I can no longer use the accelerator because the free slots have been reduced to 20 tx per hour and even then they always run out in a few seconds. Maybe by bots or maybe because many people use it.
Yes, the ViaBTC accelerator is a useful site, especially when transaction fees on the BTC network become insanely expensive. As far as I know, this site reduced the hourly limit because of the influx of bots, and the problem is that it only made the situation worse because now it is completely unrealistic for regular users to use this service. Now, bots literally empty the current limit in a fraction of a second, and it is clear that an ordinary user won't be able to press the button and pass the captcha in such a short time.
(https://bitcoindata.science/api/bitcoinfees.php)
I used to think 20 sats/vB was expensive. But now I see 40 sats/vB is cheap. Because now we've kept seeing costs keep circling between 40 to 200.
I hope things return to normal and I miss transactions with fees of 6 to 10sats/vB. Now I'm even starting to doubt that we'll ever see such cheap costs again. :'(
yeah, that's right, friend. Now I've even given up on using the free acceleration from ViaBTC. Because it is no longer possible to compete with bots which are always faster than us who only input manually.Last year, I actually still had no problem with the fee increases that continued to occur. Because last year there was a free Accelerator of 100 tx every hour from ViaBTC. But now I can no longer use the accelerator because the free slots have been reduced to 20 tx per hour and even then they always run out in a few seconds. Maybe by bots or maybe because many people use it.
Yes, the ViaBTC accelerator is a useful site, especially when transaction fees on the BTC network become insanely expensive. As far as I know, this site reduced the hourly limit because of the influx of bots, and the problem is that it only made the situation worse because now it is completely unrealistic for regular users to use this service. Now, bots literally empty the current limit in a fraction of a second, and it is clear that an ordinary user won't be able to press the button and pass the captcha in such a short time.
Luckily now the fees are starting to get lower again within a few days. But I'm not sure it will last long.
(https://talkimg.com/images/2024/01/20/3xT41.png)
If you send $300 a fee of $3 is quite acceptable, within the limits of 1%-5%, which could be considered acceptable.The problem is that right now each UTXO will cost about 3$ to send, which is quite high.
Well transaction fees keep fluctuating. And yes, it all depends on transaction density at certain hours. So now we have to start to understand at what times transaction density decreases accompanied by a decrease in transaction costs. So checking the mempool in real time can also help. And yes, topics like this can also help by notifying each other when fees start to fall.yeah, that's right, friend. Now I've even given up on using the free acceleration from ViaBTC. Because it is no longer possible to compete with bots which are always faster than us who only input manually.
Luckily now the fees are starting to get lower again within a few days. But I'm not sure it will last long.
(https://talkimg.com/images/2024/01/20/3xT41.png)
It started to go up at least 47 sat/vB currently from the 30's that we have seen in the last 12 hours or so. And just like the price, it a continuous up and down. Maybe there are time frame that there are no activity whatsoever that's why the transaction fee is down.
And then active hours means fees are bumping up. I do hope that we can see 1 sat/vB, but I doubt it though. The ordinals are going to continue and so mempool will be clogged from time to time.
The problem is that right now each UTXO will cost about 3$ to send, which is quite high.Did you read what I wrote before about L-BTC as alternative?
For example, we receive less than $50 in signature campaigns. We would need at least 6-10 inputs to make a transaction of 300 now, which would cost about 12-30 usd
The problem is that right now each UTXO will cost about 3$ to send, which is quite high.Did you read what I wrote before about L-BTC as alternative?
For example, we receive less than $50 in signature campaigns. We would need at least 6-10 inputs to make a transaction of 300 now, which would cost about 12-30 usd
This would easily fix that issue and it would be even better for smaller transactions like tips/donations and it would give better privacy.
I would like to see this added to bitcoindata.science if possible :)
But how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.
Just like in bitcointalk, I created this thread so we can observe the mempool.I personally really like this tool a lot. Through this you can easily understand about the gas fee of Bitcoin. For which you don't have to spend much. You can see the data nicely with horizontal lines there if you want.
This images always show the mempool in realtime:
Recommended fees:
(https://bitcoindata.science/api/bitcoinfees.php) (https://bitcoindata.science/bitcointalk-api.html#bitcoin-fees)Code: [Select][img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]
(https://bitcoindata.science/api/chart.php) (https://bitcoindata.science/bitcointalk-api.html#bitcoin-fees)Code: [Select][img]https://bitcoindata.science/api/chart.php[/img]
Anyone can use those images, just use the codes above. Data is always updated.
But how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.
You also can use exchange, although it's not practical if you deal with small amount of L-BTC due to BTC withdraw fees.
But how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.[/size][/size]
Fees are basically 0 sat/vbyte in all blocks lol[/size]
And which exchange is that?[/size]
I just looked at coinmarketcap.com and found d nothing
https://coinmarketcap.com/currencies/liquid-network/ (https://coinmarketcap.com/currencies/liquid-network/)
I discovered a list of exchanges here
Only small ones
https://liquid.net/ (https://liquid.net/)
Best to do is to swap to usdt using aqua
Just like in bitcointalk, I created this thread so we can observe the mempool.Nice work like it here and there.
This images always show the mempool in realtime:
Recommended fees:
(https://bitcoindata.science/api/bitcoinfees.php) (https://bitcoindata.science/bitcointalk-api.html#bitcoin-fees)Code: [Select][img height=150]https://bitcoindata.science/api/bitcoinfees.php[/img]
(https://bitcoindata.science/api/chart.php) (https://bitcoindata.science/bitcointalk-api.html#bitcoin-fees)Code: [Select][img]https://bitcoindata.science/api/chart.php[/img]
Anyone can use those images, just use the codes above. Data is always updated.
But how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.
You also can use exchange, although it's not practical if you deal with small amount of L-BTC due to BTC withdraw fees.
And which exchange is that?
I just looked at coinmarketcap.com and found d nothing
https://coinmarketcap.com/currencies/liquid-network/
I discovered a list of exchanges here
Only small ones
https://liquid.net/
Best to do is to swap to usdt using aqua
I am thinking price of fees backed off for four reasons.
ETF sell off.
Ordinals reduced.
Btc price dropped
Large Texas mines got back on line. Power was diverted from mines when it was cold in Texas.
This has lifted the difficulty rate and blocks are mined faster right now than last week.
okay reading it now. I will add to this post in a few minutesBut how to convert L-BTC to BTC? AFAIK, only Aqua wallet do that.
You also can use exchange, although it's not practical if you deal with small amount of L-BTC due to BTC withdraw fees.
And which exchange is that?
I just looked at coinmarketcap.com and found d nothing
https://coinmarketcap.com/currencies/liquid-network/
I discovered a list of exchanges here
Only small ones
https://liquid.net/
Best to do is to swap to usdt using aqua
Check this Blockstream help guide, https://help.blockstream.com/hc/en-us/articles/900001387106 (https://help.blockstream.com/hc/en-us/articles/900001387106). But that guide is outdated since few website i checked doesn't show L-BTC as trade/exchange option.
I would put in $500 usd to kraken
I would buy $100 usd in BTC monthly on kraken
If I need to do small payments of btc I would use kraken LN wallet.
This is a chump change solution with under $500 usd at risk at all times.
I would still have a wallet with my major amount of coin offline
I am well aware that the $500 on kraken is at risk
Check this Blockstream help guide, https://help.blockstream.com/hc/en-us/articles/900001387106 (https://help.blockstream.com/hc/en-us/articles/900001387106). But that guide is outdated since few website i checked doesn't show L-BTC as trade/exchange option.okay reading it now. I will add to this post in a few minutes
After checking it a bit I would not do L-BTC
If I want to do small btc moves I would do kyc with kraken because kraken will allow me access to its LN wallet.
I would put in $500 usd to kraken
I would buy $100 usd in BTC monthly on kraken
If I need to do small payments of btc I would use kraken LN wallet.
This is a chump change solution with under $500 usd at risk at all times.
I would still have a wallet with my major amount of coin offline
I am well aware that the $500 on kraken is at risk
Today mempool is showing normal, minimum 28, medium 29 and maximum 33. At the time I'm writing this post, if someone wants to transfer bitcoins, they may have to pay a transaction fee of $3 to a maximum of $5 per transfer. To catch it is normal compared to other times, other times normally we used to use 70 to 80 mempool to transfer bitcoins now it is between 28 to 30.It is now at 23 sats/vB for 66 minutes and I missed this lowest priority for my 35 sats/vB transaction that has been cancelled. Patience really is a virtue and I am not having it as all I thought was that fees will keep on going up. 😅
However, I think l-btc might be a better solutionIt is better in some cases, but better check out rates in TDEX app, they could be offering lower fees sometimes than directly in Aqua wallet, for larger amounts when swapping from BTC to L-BTC.
You can swap L-BTC to bitcoin or USDT using aqua wallet. I think it is safer to hold L-BTC in aqua than to hold btc in binance
It is better in some cases, but better check out rates in TDEX app, they could be offering lower fees sometimes than directly in Aqua wallet, for larger amounts when swapping from BTC to L-BTC.
I am not supporting centralized exchanges in any way, but some of them support Liquid network now, like Bitfinex (no withraw fee for L-BTC), BTSE, BTCTurk, etc.
Tdex and exch.cx are also centralized. They are just able to bypass regulations for now. Like shapeshif, changelly and other services in the past..I think that TDEX aka TrueDEX is p2p decentralized exchange, unlike other exchanges you mentioned ;)
Common guys, wake up!!!!
We hit again 500sat/b!
You see , this happens when you don't have a fee buddy to keep things up to date! ;D
We're back at 10$ for next block, although , that is as always misleading because if you happen to nee two inputs, well, you're going to pay with something else.
Saying that $10-$20 is a lot doesn't make sense if you send $1000 is 1sat/vB.
Let's hope it continues.
Several times I've had the opportunity to consolidate my wallet for less than 5sat/b and I didn't do it
I waited too long thinking it would take too long for the rates to increase that much
Today I need to consolidate and I don't want to spend more than 20 dollars hehehe
The good thing about this is that we're in forced HODL hehehe
(https://www.talkimg.com/images/2024/02/05/vGDCH.jpeg)Yeah... but now it's February, and the fees aren't as high anymore. The times when fees were sky-high are over, and we're no longer forced to HODL. The congestion has eased, and this is good news for all of us because we can transfer Bitcoin to other wallets quickly and more affordably.
High Transfer Fee
By the end of December 2023, Bitcoin's transaction fees had increased so much that I could never have imagined. I was surprised to see this huge transaction fee and canceled the transaction.
372sat/B --- 443sat/B
21.54$ Fee - 25.65$ Transfer Fee..
It will go down a bit but not with the same pace, plus once it hits under 20sat/vb expect a ton of incoming tx as there are thousands that start sending them again after being purged from most mempools.
Several times I've had the opportunity to consolidate my wallet for less than 5sat/b and I didn't do it
I waited too long thinking it would take too long for the rates to increase that much
Today I need to consolidate and I don't want to spend more than 20 dollars hehehe
The good thing about this is that we're in forced HODL hehehe
I have a transaction that I sent about a week ago, just at 19 sats/vB and it hasn't been purged, do you have any idea why? I thought there had been a purge of transactions below 20.
Common guys, wake up!!!!
We hit again 500sat/b!
You see , this happens when you don't have a fee buddy to keep things up to date! ;D
We're back at 10$ for next block, although , that is as always misleading because if you happen to nee two inputs, well, you're going to pay with something else.
Several times I've had the opportunity to consolidate my wallet for less than 5sat/b and I didn't do it
I waited too long thinking it would take too long for the rates to increase that much
Today I need to consolidate and I don't want to spend more than 20 dollars hehehe
The good thing about this is that we're in forced HODL hehehe
(https://www.talkimg.com/images/2024/02/05/vGDCH.jpeg)
High Transfer Fee
By the end of December 2023, Bitcoin's transaction fees had increased so much that I could never have imagined. I was surprised to see this huge transaction fee and canceled the transaction.
372sat/B --- 443sat/B
21.54$ Fee - 25.65$ Transfer Fee..
Several times I've had the opportunity to consolidate my wallet for less than 5sat/b and I didn't do it
I waited too long thinking it would take too long for the rates to increase that much
Today I need to consolidate and I don't want to spend more than 20 dollars hehehe
The good thing about this is that we're in forced HODL hehehe
Yeah... but now it's February, and the fees aren't as high anymore. The times when fees were sky-high are over, and we're no longer forced to HODL. The congestion has eased, and this is good news for all of us because we can transfer Bitcoin to other wallets quickly and more affordably.It seems to me, on the contrary, that transfer prices are going to go up. Although, if you look at the ETH network - and what was the fee for 1 transfer (from 15$ to 45$) it was really expensive. Maybe if the btc rate drops a bit (+ there will be less demand) from users = we will see a decrease in the transfer price.
In the last few days, a transaction fee of 24 sat/vB seems reasonable to use. I'm confident that a fee of 10 sat/vB will soon be achievable in the coming months.
Several times I've had the opportunity to consolidate my wallet for less than 5sat/b and I didn't do itWell we have so a little decrease in fees as I have send 200 dollars earlier ? having 5 dollars fee so for me this is considerable amount to pay.
I waited too long thinking it would take too long for the rates to increase that much
Today I need to consolidate and I don't want to spend more than 20 dollars hehehe
The good thing about this is that we're in forced HODL hehehe
It seems to me, on the contrary, that transfer prices are going to go up.
Below, in the photo, you can see the stats: Transaction volume on BTC network, hits highest since September 2022 - The Block(https://i.ibb.co/0hZkxZc/photo-2024-02-05-14-13-55.jpg)
High Transfer Fee
By the end of December 2023, Bitcoin's transaction fees had increased so much that I could never have imagined. I was surprised to see this huge transaction fee and canceled the transaction.
372sat/B --- 443sat/B
21.54$ Fee - 25.65$ Transfer Fee..
Ahhh, for a moment you took my breath away, on the image my reaction was ohhh shit it's rising against these shity ordinals and you can imagine what else I can think on the same time after exploring such high fees again.When transaction costs are very expensive, you can use other alternative coins, such as altcoins that have a BSC network or Sol Network, but when you only have Bitcoin in your electrum wallet, there is no other choice but to wait for transaction costs to decrease because the electrum wallet only provides a few options. The network method used to send Bitcoins, whereas if you choose the lowest fee, the transaction can be canceled or wait more than 24 hours.
After a few moments, my breath was back hehe, as it was an old case discussion with the current transaction fees I feel safe for now and it's going to rise over time, and I'm ok with it because with the concept of if you need to class security, you need to pay and for my assets security and networks transparency and decentralization.
Hehe, take a snapshot of the current transection cost.... if you want to move around on the network make sure to do it now... a good time...
Well we have so a little decrease in fees as I have send 200 dollars earlier ? having 5 dollars fee so for me this is considerable amount to pay.
Hodling must not be forced mate , we are here in our own desire and dedication so try not to become greed and stupid.
Well we have so a little decrease in fees as I have send 200 dollars earlier ? having 5 dollars fee so for me this is considerable amount to pay.
Hodling must not be forced mate , we are here in our own desire and dedication so try not to become greed and stupid.
Hehe, don't worry, the forced HODL part is just a joke ;)
This is a wallet I've had for several years and I need to consolidate, so it ended up being quite expensive to do now, I'll have to wait, that's why I made the joke
I miss the 2sat/B days ;D
Transactions are not expensive anymore. You can get a 23 sat vB confirmed within some hours, which is about 2 usd.Actually, when you want to make a transaction using Bitcoin, you have to look at your needs first. When you need Bitcoin to make a transaction quickly, it can increase transaction costs, but if you are willing to wait for the Bitcoin to be sent in a few minutes, maybe you can use vB 30. The sending cost is a little different, but it provides a fairly efficient delivery effect.
Not as cheap as 0.2 usd from 2 sat vB times ... but fees are getting lower.
Ahhh, for a moment you took my breath away, on the image my reaction was ohhh shit it's rising against these shity ordinals and you can imagine what else I can think on the same time after exploring such high fees again.When transaction costs are very expensive, you can use other alternative coins, such as altcoins that have a BSC network or Sol Network, but when you only have Bitcoin in your electrum wallet, there is no other choice but to wait for transaction costs to decrease because the electrum wallet only provides a few options. The network method used to send Bitcoins, whereas if you choose the lowest fee, the transaction can be canceled or wait more than 24 hours.
After a few moments, my breath was back hehe, as it was an old case discussion with the current transaction fees I feel safe for now and it's going to rise over time, and I'm ok with it because with the concept of if you need to class security, you need to pay and for my assets security and networks transparency and decentralization.
Hehe, take a snapshot of the current transection cost.... if you want to move around on the network make sure to do it now... a good time...
~
This was just a spike. In a few minutes fees were normal again.
Well we have so a little decrease in fees as I have send 200 dollars earlier ? having 5 dollars fee so for me this is considerable amount to pay.
Hodling must not be forced mate , we are here in our own desire and dedication so try not to become greed and stupid.
Hehe, don't worry, the forced HODL part is just a joke ;)
This is a wallet I've had for several years and I need to consolidate, so it ended up being quite expensive to do now, I'll have to wait, that's why I made the joke
I miss the 2sat/B days ;D
Transactions are not expensive anymore. You can get a 23 sat vB confirmed within some hours, which is about 2 usd.
Not as cheap as 0.2 usd from 2 sat vB times ... but fees are getting lower.
Hmm, got it I think you are trying to help me with the alternative payment mode but I was specific for the Bitcoin network because if a person owns Bitcoin only in whatever wallet he's using he needs to go with the Bitcoins network only, traders can use this strategy when they are making cross exchange trades to save network fees.In my opinion, some Bitcoin wallets provide very expensive transaction fees, and when that happens, there is no other choice but to wait until transactions on the blockchain network are not too busy anymore, or maybe you can use a computer and connect the wallet you are using using Electrum and try looking for the cheapest cost with Electrum installed on the PC.
But for a Bitcoin holder, it doesn't matter whether other network costs are lower or higher. There's another option that we can use the pegged Bitcoins to save on the transfer but as I said for a Bitcoiner he might not choose the pegged Bitcoin due to the high risks involved. This is a proven fact that with the evolution of Bitcoin the network fees will go higher until we propose any other solution and belive me L2's are non acceptable.
Hmm, got it I think you are trying to help me with the alternative payment mode but I was specific for the Bitcoin network because if a person owns Bitcoin only in whatever wallet he's using he needs to go with the Bitcoins network only, traders can use this strategy when they are making cross exchange trades to save network fees.In my opinion, some Bitcoin wallets provide very expensive transaction fees, and when that happens, there is no other choice but to wait until transactions on the blockchain network are not too busy anymore, or maybe you can use a computer and connect the wallet you are using using Electrum and try looking for the cheapest cost with Electrum installed on the PC.
But for a Bitcoin holder, it doesn't matter whether other network costs are lower or higher. There's another option that we can use the pegged Bitcoins to save on the transfer but as I said for a Bitcoiner he might not choose the pegged Bitcoin due to the high risks involved. This is a proven fact that with the evolution of Bitcoin the network fees will go higher until we propose any other solution and belive me L2's are non acceptable.
Transactions are not expensive anymore. You can get a 23 sat vB confirmed within some hours, which is about 2 usd.
Not as cheap as 0.2 usd from 2 sat vB times ... but fees are getting lower.
The problem is, I need to consolidate my wallet, take a look here:
(https://i.ibb.co/VHVrV0g/mem.png) (https://imgbb.com/)
40 USD if I use 20 sat vB
Transactions are not expensive anymore. You can get a 23 sat vB confirmed within some hours, which is about 2 usd.
Not as cheap as 0.2 usd from 2 sat vB times ... but fees are getting lower.
The problem is, I need to consolidate my wallet, take a look here:
(https://i.ibb.co/VHVrV0g/mem.png) (https://imgbb.com/)
40 USD if I use 20 sat vB
I don't have much to do now, the good thing is that I won't need to trade, but it would be good if I already consolidated it for a possible transaction in the future
Better don't look at USD value so much, this can get much higher when bitcoin get's to 100k, 200k or 500k. ;)
You can also wait or try using lower value with around 10 sat/vB but there is no guarantee when this transaction will be confirmed.
How many inputs do you have there? :o
A ballpark figure gets me at least 50 if we assume segwit inputs and consolidation.
Anyhow most likely by early Monday morning you could do that with half of a the sum, I'm pretty confident that the weekend will make us touch 10sat/b.
~
More than 80 inputs ;D
It's a good amount to save, I'll keep looking the Mempool to see if I can save more
In my opinion, some Bitcoin wallets provide very expensive transaction fees, and when that happens, there is no other choice but to wait until transactions on the blockchain network are not too busy anymore, or maybe you can use a computer and connect the wallet you are using using Electrum and try looking for the cheapest cost with Electrum installed on the PC.This is just bad software. Not bitcoin protocol problem.
Better don't look at USD value so much, this can get much higher when bitcoin get's to 100k, 200k or 500k. ;)
You can also wait or try using lower value with around 10 sat/vB but there is no guarantee when this transaction will be confirmed.
I'm thinking about whether to try a 10 sat/vB transaction or leave it for the future and maybe we can go back to 5 sat in a few weeks/months
If I try 10 sat I can save 20 USD, it's a good amount to saveHow many inputs do you have there? :o
A ballpark figure gets me at least 50 if we assume segwit inputs and consolidation.
Anyhow most likely by early Monday morning you could do that with half of a the sum, I'm pretty confident that the weekend will make us touch 10sat/b.
More than 80 inputs ;D
It's a good amount to save, I'll keep looking the Mempool to see if I can save more
13 or 14 sats looks good at the moment. you would save around 14 dollars if you use 14 sats.Better don't look at USD value so much, this can get much higher when bitcoin get's to 100k, 200k or 500k. ;)I'm thinking about whether to try a 10 sat/vB transaction or leave it for the future and maybe we can go back to 5 sat in a few weeks/months
You can also wait or try using lower value with around 10 sat/vB but there is no guarantee when this transaction will be confirmed.
If I try 10 sat I can save 20 USD, it's a good amount to saveHow many inputs do you have there? :oMore than 80 inputs ;D
A ballpark figure gets me at least 50 if we assume segwit inputs and consolidation.
Anyhow most likely by early Monday morning you could do that with half of a the sum, I'm pretty confident that the weekend will make us touch 10sat/b.
It's a good amount to save, I'll keep looking the Mempool to see if I can save more
Just when I thought we are going to get back below 10 sat/vB, new wave of transactions came in and mempool is full again.
I hope everyone consolidated on time and enjoyed low fees while they lasted.
Bitmover how is that L-BTC observer development doing?
I didn't think we were >10 sat/vB but it might be a good opportunity to Consolidate your small inputs
(https://talkimg.com/images/2024/02/13/v86KZ.png)
With a Bitcoin price around $50,000, the fees are very low.
Bitcoin transaction satoshis are very low, but in the past when bitcoin prices were very low, bitcoin transaction satoshis were high. Currently a little higher because the volume of transactions has increased.I don't get what you're trying to say here. Are you saying that the sats/vb fees are still higher compared to the past? I think that's just inevitable though, the network will never be free because more people are using it. It is not ideal to compare it to the fiat value since you still pay in sats anyway unless you're buying and trading Bitcoin regularly so you need to keep the margin to get some profits.
Neah, cheap fees will still be around, this was just a dump that triggered a small clog.I am not so sure we are going to have fees bellow 10-15 sat/vB for a while.
Overall the mempool i still smaller 2015vMB despite that compared to than Saturday 220vMb or Friday 270vMb.
I didn’t think about fee observer. As fees are very low it would be monotonous. Don't you think?It can be built inside current fee observer.
I didn't think we were >10 sat/vB but it might be a good opportunity to Consolidate your small inputsI haven't checked the price of Bitcoin transaction fees for a long time, or several days or a week, so I don't know if there has been a decrease in transaction fees again in the BTC network. is it because the BRC-20 has lost its hype? Yes, it doesn't matter what the reason is, the most important thing is that costs remain low when BTC prices soar to higher levels. With this we no longer need to worry about the costs of sending BTC. As I write this the fee is still the same at around 13 sats/vB.
(https://talkimg.com/images/2024/02/13/v86KZ.png)
With a Bitcoin price around $50,000, the fees are very low.
I didn’t think about fee observer. As fees are very low it would be monotonous. Don't you think?It can be built inside current fee observer.
For example you can add additional info that you can save on fees with Lighting for $? and on Liquid for $?
I didn’t think about fee observer. As fees are very low it would be monotonous. Don't you think?It can be built inside current fee observer.
For example you can add additional info that you can save on fees with Lighting for $? and on Liquid for $?
That's a good idea.
I can even implement FeeBuddy here, with some additional alttcoins such Ethereum, LTC, etc
I am not so sure we are going to have fees bellow 10-15 sat/vB for a while.
Binance have a huge number of unconfirmed transactions and they usually have bad fee management.
Other times it is seen that when the Bitcoin market increases, Mempool increases a lot but now we see something different.
Fees are low, it is an opportunity to group your inputs and/or open LN channels.
(https://talkimg.com/images/2024/03/17/JE3lN.png)
Fees are low, it is an opportunity to group your inputs and/or open LN channels.
(https://talkimg.com/images/2024/03/17/JE3lN.png)
I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.You keep saying that same line for weeks, and I keep telling you that is not going to happen any time soon, halving is coming and real bull run has not even started yet.
I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.You keep saying that same line for weeks, and I keep telling you that is not going to happen any time soon, halving is coming and real bull run has not even started yet.
''Few months'' is not soon and it can easily turn into year.
Dreaming is free, so you can continue doing it ;)
I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.
I will wait a little more. I believe we will see 1 sat vB soon! Maybe in a few months.If Bitcoin price correction continues between $50,000 and $60,000, we may see 1 sat/vB, assuming that a few will sell and the purchase transactions will be via CEXs that batch the transactions. We also do not expect to see any BRC-20 spam.
Let's say it will cost me $2000 to inscribe a block "stompix was here" of course my real name, my glorious results, my achievements, my name to be remembered forever in the blockchain...Now, how many idiots thinking the same thing and having more than $2000 to spare do you think there are in the world? Cause I know a lot that have thrown tens of thousands at jpg cats.
What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.
And there are many people receiving lots of airdrops. People who made inscriptions with their bitcoins are receiving hundreds/thousands of dollars in airdrops.
I didnt make any bitcoin nft, but people are making money out of it for now.
What is even more bizarre is that it is only a current trend and in a year, most of the NFT on bitcoin will be worthless.It is natural that NFTs on the bitcoin network will soon end because the main purpose of bitcoin is not to create NFTs and it could be said that NFTs are just hype that is trending only for a moment, there are already many like that, including on other networks.
What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.That just shows how bad ethereum is. :P
And there are many people receiving lots of airdrops. People who made inscriptions with their bitcoins are receiving hundreds/thousands of dollars in airdrops.Nobody is receiving this by doing anything.
What is somewhat bizarre is that bitcoin is becoming a blockchain for nft. Cheaper than ethereum main net.That just shows how bad ethereum is. :P
If Bitcoin price correction continues between $50,000 and $60,000, we may see 1 sat/vB, assuming that a few will sell and the purchase transactions will be via CEXs that batch the transactions. We also do not expect to see any BRC-20 spam.
If the average Bitcoin mining continues for less than ~9.1 minutes, we may see it for some blocks.
It is natural that NFTs on the bitcoin network will soon end because the main purpose of bitcoin is not to create NFTs and it could be said that NFTs are just hype that is trending only for a moment, there are already many like that, including on other networks.
I own some ethereum, and I converted some of my funds from Sinbad to Ethereum for privacy purposes. however, I am considering swap them now for BTC or SOL.
maybe a little SOL ( to buy more btc later)
I own some ethereum, and I converted some of my funds from Sinbad to Ethereum for privacy purposes. however, I am considering swap them now for BTC or SOL.
maybe a little SOL ( to buy more btc later)
I remember that some time ago you wanted to leave Litecoin because it was unreliable or even too unstable. I would never choose Ethereum over LTC. Otherwise, Litecoin had a growth of about 30% in the last month.
But litecoin performance is even worse in long termA digital currency project like Litecoin must have developments from year to year, always updating technology so that it will increase interest in Litecoin, but if the developer doesn't want to do that then it is certain that Litecoin will always remain silent and no one will be interested anymore.
It used to be rank top10 a few years ago and is now about 30 or something.
It is losing much more value against bitcoin than ethereum is..
But litecoin performance is even worse in long term
It used to be rank top10 a few years ago and is now about 30 or something.
It is losing much more value against bitcoin than ethereum is..
I am sure that Litecoin will still survive even though the development it has has is not as much as other projects because Litecoin is a digital currency that was created at a very old age, so I am sure that the CEO developer is very afraid of taking risks to carry out new developments.But litecoin performance is even worse in long termA digital currency project like Litecoin must have developments from year to year, always updating technology so that it will increase interest in Litecoin, but if the developer doesn't want to do that then it is certain that Litecoin will always remain silent and no one will be interested anymore.
It used to be rank top10 a few years ago and is now about 30 or something.
It is losing much more value against bitcoin than ethereum is..
But litecoin performance is even worse in long termThe basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.
It used to be rank top10 a few years ago and is now about 30 or something.
It is losing much more value against bitcoin than ethereum is..
But litecoin performance is even worse in long termThe basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.
It used to be rank top10 a few years ago and is now about 30 or something.
It is losing much more value against bitcoin than ethereum is..
The basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.Circulating supply for many cryptocurrencies can be easily manipulated. As for Litecoin, the coin is still in good stead but its use cases are limited which make its value diminish. Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.
Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.
LTC is currently one of the oldest cryptocurrency projects still alive, the project they have this year doesn't seem to be of much use to many people but still remains to this day is a very good value. Litecoin must continue to develop to keep increasing its use.The basis for that is the market cap and volume and I agree that if it's. But if it's about the use case of it, I still enjoy it using for transactions. I guess that we'd get to see it drop some more of the ranks as it seems to be dropping and can't soar unlike the other cryptos. If it's about long term, I'd still pick this than any of the memes.Circulating supply for many cryptocurrencies can be easily manipulated. As for Litecoin, the coin is still in good stead but its use cases are limited which make its value diminish. Low fees are the only advantage of LTC but even Bitcoin (in these days) you can broadcast a transaction for 15 sat/vByte and get confirmation in less than 20 min.