3 ms·
I'm calculating 9 cents, not $5.56. Assuming 250 bytes (typical for 1 input 2 output transactions) at a fee rate of 1 sat/b (which have been regularly clearing
by greyface- 5y ago
I'm calculating 9 cents, not $5.56. Assuming 250 bytes (typical for 1 input 2 output transactions) at a fee rate of 1 sat/b (which have been regularly clearing lately):
250 bytes * 1 sat/b * 0.00000001 btc/sat * 36000 usd/btc = 0.09 usd
How did you get $5.56?
- jasonlaramburu 5y agohttps://bitinfocharts.com/comparison/bitcoin-transactionfees.html https://bitinfocharts.com/comparison/bitcoin-transactionfees...
- greyface- 5y agoAverage tx fee paid != cost to commit a tx. A lot of people are intentionally overpaying to 100% guarantee placement in the very next block. You don't need to do this if quick settlement isn't an absolute requirement.
- jasonlaramburu 5y agoIf one is living on $300/month why pay any transaction fee? Cash is free.
- cosmotic 5y agoPredictably and timely transactions is critical for currency.
- deleted 5y ago[deleted]