DON'T overpay Bitcoin fees!!! 5 Tips (explanation + tutorial)
Don't ever overpay on fees again, watch this video, earn and learn!
In this video you'll see a quick animation explaining what are the bitcoin fees. Later on we will use few tools to help us find the best fees for the transactions we are publishing. So theory + practical example. And it works for any wallet that allows for manual fee optimization. From now on you'll be able to judge if and when your transaction will be included into bitcoin's blockchain from memorypoool (mempool) by bitcoin miners.
Sources:
Jochen-hoenicke website: https://jochen-hoenicke.de/queue/#0,24h
Mempool dot space (lol): https://mempool.space/
Techniques to reduce transaction fees: https://en.bitcoin.it/wiki/Techniques...
Interesting mempool analysis: / murchandamus
Timestamps:
0:00 Intro
0:18 Current fees proposed by wallets
0:27 What are bitcoin fees?
2:48 Understanding feerate chart
6:08 Other Resources
7:31 Practical example
8:19 Replace By Fee (RBF)
8:30 Child Pays For Parent (CPFP)
8:50 Summary
Social:
Twitter: / sanaktony
Mastodon: https://bitcoinhackers.org/accounts/1...
#bitcoin #fees #satperbyte #rbf #cpfp