pull down to refresh

https://river.com/learn/how-bitcoin-fees-work/#how-are-transaction-fees-determined

https://learnmeabitcoin.com/technical/transaction-fee

https://learnmeabitcoin.com/technical/transaction-weight

The way it works is you basically use the fee as a "bid" hoping to get in. You don't know which miner will succeed. The free market (who is willing to pay) decides. Obvious free-market inspiration.

There are some other considerations with weight but I'm still learning. Something about giving more probability to certain fee ranges seems like a bad idea both for manipulation but also free market reasons.

Check out rationale behind Replace-by-fee

https://en.bitcoin.it/wiki/Transaction_replacement#Replace_by_fee_.28RBF.29