Withdrawal priority
source: Bitbargain.com
2017. Feb. 12. 08:14
After the recent week of insane transaction counts in the bitcoin mempool and users complaining about slow confirmation all around the world, we have decided to implement a quick upgrade to the bitcoin wallet on BitBargain.
It looks like this:
But that’s not all…
We have also upgraded the hot wallet input management allowing us to in the near future be able to store more bitcoins in the protected storage while also improving withdrawal and confirmation times.
The bitcoin mempool’s transacion count will be displayed on the wallet’s page and if the network seems congested a note will appear to recommend setting an extra fee to your transaction.
So what is “extra fee”?
The higher the extra fee, the quicker your transaction is likely to confirm. If a fee is offered, the withdrawal is processed with a shorter wait. The actual fee applied will vary with every transaction and may be more or less.You can read more about how and when to use the extra fee setting in the BitBargain FAQ.
The short version is: you might want to add a small fee if you’re in a hurry and the mempool is big. If the mempool happens to be very big and you need the coins to confirm as soon as possible, you may choose to pay a bigger fee. Right now there are only 5,000 transactions in the mempool and the current warning box threshold is 20,000 transactions.
