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Technical support / Re: [SOLVED] Electrum transfer problems to my account on Sr!!
« on: June 04, 2013, 02:08 am »Ok, so let me ask this...Does me increasing how much the fee is, increase the speed it transfers? I believe the fee i usually have set is .0005? If i increase it to .001 would that increase the transfer time?
Technically speaking, yes. Realistically though, any transaction has to be included in a newly mined block in order for it to actually "go through" (or be recognised as valid by any Bitcoin wallet), so it won't increase the confirmation time. It will increase the speed at which miners process it though, yes. As long as you pay the recommended fee, however, there will be no problem.
Personally, I always include a fee of double what the recommended fee is, and/or make it at least 2 - 3% of the overall amount I'm sending, mainly just to give back to the miners that make all of this possible but also to ensure my transaction is seen to ahead of other transactions that pay lower fees.
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