<p><a href="https://bitcointalk.org/index.php?action=profile;u=60820" rel="nofollow noreferrer">DannyHamilton</a> from <a href="https://bitcointalk.org/" rel="nofollow noreferrer">bitcointalk</a> says</p>
<blockquote>
<p>At a minimum.  0.0001 BTC per kilobyte.  That would put you ahead of all transactions that are considered &quot;low priority&quot; which don't include a fee by all miners (and pools) that choose to use the reference implementation.</p>
<p>Given how low the exchange rate has been lately, you might even consider a fee of 0.0005 BTC per kilobyte.  This would put your transaction ahead of everyone that is using the 0.8.3 reference implementation for fee calculation and even with everyone using the older versions.  At the moment this works out to about 3.5 cents for an average transaction.</p>
</blockquote>
<p>So the answer is yes, offering a higher transaction fee does speed up your transaction. Heres a <a href="https://bitcointalk.org/index.php?topic=252350.msg2682371#msg2682371" rel="nofollow noreferrer">link</a> to the bitcointalk discussion.</p>

CC BY-SA 3.0
2013-07-08T16:41:41.857Z
2013-07-08T16:41:41.857Z
2020-06-16T11:10:03.350Z
Loourr
<p>I was reading the <a href="https://en.bitcoin.it/wiki/Transaction_fees">wiki</a> and it seemed to sugest that the transaction fees didn't play to much of a role in determining the priority of an order but rather the actual size in bytes and the previous amount of wait time are used. </p>

<blockquote>
  <p>priority = sum( input_value_in_base_units * input_age ) / size_in_bytes</p>
</blockquote>

<p>but if I was a miner and I had the choice between two orders of equal size, I would always pick the one that offered the higher fee. </p>

<p>So for all of you miners out there, would my orders on average get processed faster? </p>

<p>Also it could just be that the current mining software does not discriminate based on fee size, but is it possible to write a miner which does?</p>

<transaction-fees><transaction-selection><blockspace-market><coin-age-priority>
If I offer a higher transaction fee, will my order get processed faster?
Loourr
# If I offer a higher transaction fee, will my order get processed faster?

(Asked by: username_0 on 2013-07-08)

I was reading the [wiki](https://en.bitcoin.it/wiki/Transaction_fees) and it seemed to sugest that the transaction fees didn't play to much of a role in determining the priority of an order but rather the actual size in bytes and the previous amount of wait time are used.

> priority = sum( input\_value\_in\_base\_units \* input\_age ) / size\_in\_bytes

but if I was a miner and I had the choice between two orders of equal size, I would always pick the one that offered the higher fee.

So for all of you miners out there, would my orders on average get processed faster?

Also it could just be that the current mining software does not discriminate based on fee size, but is it possible to write a miner which does?

**Tags:** transaction-fees, transaction-selection, blockspace-market, coin-age-priority


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## 1 answers

### Answer by username_0 on 2013-07-08. Score: 3

[DannyHamilton](https://bitcointalk.org/index.php?action=profile;u=60820) from [bitcointalk](https://bitcointalk.org/) says

> At a minimum. 0.0001 BTC per kilobyte. That would put you ahead of all transactions that are considered "low priority" which don't include a fee by all miners (and pools) that choose to use the reference implementation.
>
> Given how low the exchange rate has been lately, you might even consider a fee of 0.0005 BTC per kilobyte. This would put your transaction ahead of everyone that is using the 0.8.3 reference implementation for fee calculation and even with everyone using the older versions. At the moment this works out to about 3.5 cents for an average transaction.

So the answer is yes, offering a higher transaction fee does speed up your transaction. Heres a [link](https://bitcointalk.org/index.php?topic=252350.msg2682371#msg2682371) to the bitcointalk discussion.


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