<p>Your wallet seems to have wildly inaccurate fee estimation.</p>
<p>Currently, for next block mining, you should be paying around 1/8th of that fee - 1/10th or less for next 2-4 blocks.</p>
<p>Unfortunately, that transaction cannot really be cancelled - you could attempt to double spend it, but the fee is so high that you'd end up spending even more to potentially get a double spend mined, which defeats the purpose.</p>

CC BY-SA 4.0
2020-11-01T03:00:38.403Z
That's pretty much what thought. Why would myBRD wallet suddenly change miners fees like that?
Erica Dawn
CC BY-SA 4.0
2020-11-01T03:20:29.057Z
Whatever system they use to estimate a good fee rate is probably broken in some way, or not accurate when there are sudden changes in the mempool. Your best bet would be to reach out and ask them directly
Raghav Sood
CC BY-SA 4.0
2020-11-03T16:12:30.120Z
I recommend you using https://mempool.observer/ to see the mining fees on the next blocks. It gives you an idea about how much does it cost to mine a tx. But be aware that the current cost is something dynamic, and a lot of txs can arrive suddenly paying more fees than the one you have sent, sending you back in the queue.
dev7ba
CC BY-SA 4.0
2020-11-01T02:56:59.603Z
2020-11-01T02:56:59.603Z
Raghav Sood
<p>My BRD wallet just charged a 27 dollar miners fee TO SEND 50 dollars worth of bitcoin!! 1/3 of 75 bucks went to a miners fee? 55e7f51a96ecd8d25a1566346bff76e2985a5aed4fe279e44d75f991cf0a993a</p>

CC BY-SA 4.0
2020-11-01T02:48:21.970Z
Can someone cancel this before it gets confirmed?
Erica Dawn
<transaction-fees>
Outrageous miners fees
Erica Dawn
# Outrageous miners fees

(Asked by: username_0 on 2020-11-01)

My BRD wallet just charged a 27 dollar miners fee TO SEND 50 dollars worth of bitcoin!! 1/3 of 75 bucks went to a miners fee? 55e7f51a96ecd8d25a1566346bff76e2985a5aed4fe279e44d75f991cf0a993a

**Tags:** transaction-fees

> **Comments:**
> **username_0**: Can someone cancel this before it gets confirmed?  

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## 1 answers

### Answer by username_1 on 2020-11-01. Score: 1

Your wallet seems to have wildly inaccurate fee estimation.

Currently, for next block mining, you should be paying around 1/8th of that fee - 1/10th or less for next 2-4 blocks.

Unfortunately, that transaction cannot really be cancelled - you could attempt to double spend it, but the fee is so high that you'd end up spending even more to potentially get a double spend mined, which defeats the purpose.

> **Comments:**
> **username_0**: That's pretty much what thought. Why would myBRD wallet suddenly change miners fees like that?  
> **username_1**: Whatever system they use to estimate a good fee rate is probably broken in some way, or not accurate when there are sudden changes in the mempool. Your best bet would be to reach out and ask them directly  
> **username_2**: I recommend you using https://mempool.observer/ to see the mining fees on the next blocks. It gives you an idea about how much does it cost to mine a tx. But be aware that the current cost is something dynamic, and a lot of txs can arrive suddenly paying more fees than the one you have sent, sending you back in the queue.  

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