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Understanding the Bitcoin payments and other wallets: Why your balance varies
It is not uncommon to face the problems of balances and payments as users of cryptocurrency services such as Bitcoin, Blockchain or wallets. In this article, we will deepen the concept of Bitcoin payments, especially how they work in the rest of the wallet, as well as why you experience a significant variation in your balance.
Bitcoin payments: a short overview
Bitcoin (BTC) fees are charges related to the events on the Bitcoin network. They are calculated based on the fact that the event must be included on the basis of the number of events included in the block, as well as the average time to strengthen the event throughout the network. These payments can vary greatly depending on the complexity of the event and the network load.
Other wallet fees: detailed analysis
When you use the Other wallet to send or receive Bitcoin, you will mainly start the event in your wallet account. Payment is determined by an algorithm that takes into account multiple factors such as:
- Transaction volume : The higher the amount of the transaction, the higher the fee.
- Network congestion : When the network is congested, the rewards will be increased to prevent spam events and to ensure a faster event.
- Confirmation : The more reinforcements are required for the event (eg 6 confirmations), the higher the fee.
In your scenario, you sent 10,000 SAT to the external BTC wallet using the other payment of interest 1 la VB (total bitcoin value). This means that for each 0.01 value of 0.01, you paid 1 Sat payment.
Why your balance varied
Originally you had 10,500 sats in the rest of the SMS. When you sent 10,000 SATS to the external BTC wallet, you expected your balance to stay at 10,500 after the event. However, because of the different factors we are studying below, the real balance decreased, however.
Here are a few possible reasons why:
- The complexity of the event : The external Bitcoin wallet may have required more reinforcements (eg several rewriting) than expected, raising the overall fee.
- Network congestion : As mentioned earlier, network congestion can lead to higher fees and slower events.
- Restrictions or Restrictions : Otherwise, you may have set speed limits for your events by limiting the number of events on a certain schedule.
Bitcoin payment calculation
In order to evaluate the payment, we must calculate the number of reinforcements required for the event:
Assuming that the average block time is 10 minutes and up to 6 confirmations per event:
`Markdown
Transaction volume: 10,000 sats (about 1 BTC)
Network Peak Coefficient: 2 (rough estimate for moderate network load)
Events: 10,500 / 0.5 = 21,000 events
Maximum Confirmation: 6
The estimated number of blocks participating in the event
Estimated blocks: 21,000/100 (Avg. Block time) ≈ 210 blocks
Block time: 10 minutes
Transaction time: 1 minute (AVG)
#
Confirmations: 210 * 6 = 1260 Confirmation
Total payment calculation:
Payment VB = Total Bitcoin’s Total Value / Number of Confirmations × 1 LA / VB
= BTC quantity × 1 sat/vb/reinforcements × 1 sat/vb
= 10,000 SAT / 1260 Confirmation ≈ 7.91 SAT
Calculation of Payment In a Music Currency (Sat)
Payment = Payment VB × SATS number
= 7.91 Lay × 10000 sats ≈ 79 100 SAT
`
Why fluctuating?
Your balance of 10,500 sats to about 280 SAT is probably due to a combination of authors:
- External event complexity : The external Bitcoin wallet may have required more confirmations than expected.
2.