1

These days transactions are taking a very long time to confirm. Higher transaction fees could be a possible solution. I want to know how to calculate a reasonable transaction fee, which is not so expensive and results in less time until confirmation (within 10-15min). Could you advice me on how to implement it?

5

See https://bitcoinfees.21.co/ for mempool size and tx fee. This will suggest fee in satoshi/byte depending on current network conditions.

If you are looking to exact fee in BTC for spending from wallet, you can try https://github.com/shivaenigma/btxfees.

  • I was quite surprised at the size of fees - the 5000-10000 satoshi fees per transaction (2-5 cents?) are larger than participants/banks would pay for an international wire transfer in e.g. EU SEPA CT system. – Peteris Mar 2 '16 at 11:01

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.