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by gruez 3212 days ago
>Not only it's slow, but transaction fees are ridiculously high. $4.3 currently.

Why is this meme constantly getting repeated? As I said yesterday (https://news.ycombinator.com/item?id=15176214), paying 10+ satoshis per kB gets your transaction in the next block most of the time. It's still true as of today https://jochen-hoenicke.de/queue/#8h.

1 comments

I took this number ($4.3) from https://bitinfocharts.com/comparison/bitcoin-transactionfees... and similar number is on bitmarket.pl BTC withdrawal (0.0008 BTC, $3.74), bank account withdrawal is $0

But thanks, if real fees are smaller i need to try it.

>I took this number ($4.3) from https://bitinfocharts.com/comparison/bitcoin-transactionfees....

probably a combination of bad fee estimation (which will be be fixed in 0.15), a general skew towards high fees (the median is $2), and a general acclimation to high fees due to blockchain spam in the last few months.