Sunday 28 August 2016

Mycelium transaction fee spike

With my modest means I've been accumulating a few mBTC per week for some time, and wanted to wait until I reached a nice round number to sweep all my dust into cold storage.

Yesterday I reached my goal and went to make the transaction and, with twenty-something inputs using Mycelium's priority level fee, it was suggesting that I pay over £20 in fees! Something like 1300 sat/byte.

I didn't see any posts on here, and I briefly looked at some mempool stats which didn't look abnormal. Then a few hours later i went back and the fee was only 148 sat/byte so i went ahead and got into the next block.

So, what was all that about?



Submitted August 28, 2016 at 05:07PM by MPhilDG http://bit.ly/2bAcJVN

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