Re:Goldman Sachs Report Explores Use of Bitcoin as Currency
by lumberingjack on Tuesday January 16, 2018 @12:00AM
(#16155960)
I cant pay for anything with out it being about $40 in the last month. I sent $50 in btc from my local wallet to my bitpay debit card the other week not paying attention and it cost me $37 for max block time.
Re:Goldman Sachs Report Explores Use of Bitcoin as Currency
by mrb on Tuesday January 16, 2018 @11:39AM
(#16159467)
No, bitinfocharts shows the median tx fee of transactions through a day, not blocks. It's been over $13 for the last 7 days, hence over $13 for the last week.
Source for average (mean) txn size: https://charts.bitcoin.com/chart/transaction-size#b2k which is a bit above 500 bytes. Bitcoinfees.earn.com shows the median, not mean, txn size.
Re:Goldman Sachs Report Explores Use of Bitcoin as Currency
by tromp on Tuesday January 16, 2018 @07:15AM
(#16157615)
My 338 byte, 2-input 1-output (no change) transaction, paying 88 satoshi per byte, $5 at time of sending, has been stuck in the mempool for nearly 2 weeks now. With some luck, it may get processed in the next month.
The site you quote is showing the median transaction fee of each block. That's not what I stated: "The median fee for a typical transaction in the past week"
>- A real-world txn is on average 500 bytes, not 250. What's your source? https://bitcoinfees.earn.com/ indicates 225. It seems like you're using a source that assumes two UTXO inputs, which would result in a doubling of the size.