6 ms·

Bitcoin is never down

• fabianhjr 6y ago
  What is the current median transaction fee? Also, Bitcoin could drop a transaction if a fork occurs and you were tracking the one that fizzled out; that is why people wait for roughly 5 confirmation blocks before proceeding and that takes roughly 1 hour.
  • rfd4sgmk8u 6y ago
    The bitcoin-qt client will require 6 blocks before a transaction is considered confirmed, typically 60 minutes. At currently network congestion, a high priority tx (next block) is 102 sat/vB ($6.95). A low priority tx is: 53 sat/vB ($3.61) Fees depends on network congestion, check mempool.space for current estimated fees and survey of recent block fees.
  • toomim 6y ago
    If by Bitcoin you mean the BCH fork, then it's currently $0.003 USD. https://bitinfocharts.com/comparison/bitcoin%20cash-transactionfees.html https://bitinfocharts.com/comparison/bitcoin%20cash-transact...
    • judge2020 6y ago
      Why would they mean that over the most popular coin that is trading for over 50k usd?
      • toomim 6y ago
        If you bought 1 Bitcoin in 2012, it's now worth 1 BCH + 1 BTC. Both of them are Bitcoin. GP's question was ambiguous about which fork he was referring to.
        • judge2020 6y ago
          The trade cost is different for both, as you can tell from your comment and sister comments that show how BTC trades cost much more than BCH. Given that they said 'bitcoin' and not 'bitcoin cash', and that BCH's low trading fee isn't seen as a negative, chances are they were referring to the one with a high fee.
  • hertzrat 6y ago
    For retail, that’s like being down 24/7 forever. Is there reason to believe that it will take more or less time in 10 years?
• deleted 6y ago
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