RE: Local Man Gets in Shape While Waiting for Bitcoin Transaction to Confirm by pfunk

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Viewing a response to: @schattenjaeger/local-man-gets-in-shape-while-waiting-for-bitcoin-transaction-to-confirm

steemstreetjournal · @pfunk · Nov 16 '17 (edited)

$0.03

:D

[serious talk below]
If you want to find out how much you'll have to spend on a transaction fee to have a quicker confirmation, this tool is the best: 
https://bitcoinfees.21.co/

According to that site, currently to have a transaction compete against the rest of the mempool for getting in the next block, your fee for a common one-input, two-output transaction should be over 0.001 BTC. Or about $8 worth of BTC for a single transaction.

👍 edb, fersher

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@leprechaun · Nov 17 '17

Yikes

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@pfunk · Nov 17 '17

FWIW you can probably get away with half that fee if you didn't mind waiting less than a day. And transactions can be marked as replaceable. I think that's even default behavior in common clients.

👍 fersher

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