Vol. I · No. 1

The Stack Report

A periodical for the patient buyer of bitcoin.

§ Network · Fees

Fee weather

What it costs to move bitcoin on-chain right now.

To confirm in the next block

5 sat/vB

A typical send (~140 vB) is about 700 sats at this rate.

In about half an hour

4 sat/vB

About 3 blocks

Within the hour

3 sat/vB

About 6 blocks

No hurry

2 sat/vB

Low priority, still moving

Mempool floor

1 sat/vB

Minimum relay fee

The backlog

74,100 transactions are waiting — about 20 blocks’ worth, or roughly ~3 hours of backlog at ten minutes a block. When the backlog clears, the fast rate falls toward the floor.

Fees are quoted in satoshis per virtual byte— the price you bid for each unit of block space. Miners fill the next block from the top bid down, so a higher rate buys a sooner confirmation. None of this is a recommendation; it’s the going rate, and you decide how patient you are.

Source: mempool.space · updates about once a minute