Topic: $0.85 transaction fee is absolutely ridiculous! - page 12. (Read 24268 times)
Yes you are right 0.85$ transaction fee is absolutely radiculous.But on the other hand you can just imagine now bitcoin price is raised every single day so transaction fee is high.
It seems that the transaction fee has been increased once again as what I have seen while ago, I only realized recently that it appears to be getting more increased whenever the bitcoin's price gets higher as well . Some people might not be minding the increased transaction fee but this could be a burden especially for the people who are not actually making a transaction with a huge amount .
And here's how high fees have a huge impact on the micro-economy.
https://bitcointalksearch.org/topic/warning-epayinfo-went-rogue-do-not-deposit-any-coins-proof-inside-1936216
Microwallet/microcache went rogue because it can't pay transaction fees.
https://bitcointalksearch.org/topic/warning-epayinfo-went-rogue-do-not-deposit-any-coins-proof-inside-1936216
Microwallet/microcache went rogue because it can't pay transaction fees.
yeah , fees was pain in the ass right now , probably because a millions transastion is unconfirmed till now , but if you send transaction with low fees it will take an age to confirm lol , there's no other way beside you try to accelerate your transaction with viabtc but since it only accepted 100 transaction a day ..so enjoy high fee haha ... also high fee is for better security and transaction , take it or leave it :p
Damn...
I just sent a tx with 3 mbtc of fees...
That's 7$ of fee just for a transaction...
Ok I KNOW that btc is supposed to be used for great amounts of money and on international transfers.
But still... You can no longer say that sending money with btc is cheap ><
I just hope there is something that's going to be done. And to be done soon.
Because with those fees? Market will be unusable :/
I just sent a tx with 3 mbtc of fees...
That's 7$ of fee just for a transaction...
Ok I KNOW that btc is supposed to be used for great amounts of money and on international transfers.
But still... You can no longer say that sending money with btc is cheap ><
I just hope there is something that's going to be done. And to be done soon.
Because with those fees? Market will be unusable :/
I don't think so, as Bitcoin price has been increasing or at least, it's at its highest price ever, the Bitcoin fee is still around 40k satoshis to 200k satoshis, so if you make a comparation, the past fee when Bitcoin price was still low, you will see that there's still no different.
I agree with you, as Bitcoin price is getting higher and higher, we should pay a higher fee for the miners so that they can also earn their living. The Bitcoin has been more difficult for the miners to mine so that we should pay a higher fee to them as a way to thank them for keeping the blockchain stable. 
It has grown much compared to what it has been in the past. But look what you get for this fee: 24/7 up-time, intercontinental transactions, no 3rd party dependency, anonymous transactions... Do you really think that all these things don't worth $0.85?
Good news all, transactions just got 30% cheaper today!
All your wishes came true.
All your wishes came true.
I don't think so, as Bitcoin price has been increasing or at least, it's at its highest price ever, the Bitcoin fee is still around 40k satoshis to 200k satoshis, so if you make a comparation, the past fee when Bitcoin price was still low, you will see that there's still no different.
The future tx fee's will be a more ridiculous number. That I can assure ypu 
More and more people are adopting bitcoin or starting to learn about bitcoin and that's what's going to make more transactions in the network. If there is a way to make it faster to transact, I think it's time to apply that. It wouldn't be reasonable to transact low amounts now because of the currently recommended fee.
Segwit+2mb or just 4mb please.
Sent transaction with size 1068 bytes, to send it quickly pay around 250 sats/byte and fee for me around 6 USD. Yes, it is absolutely ridiculous!
The future tx fee's will be a more ridiculous number. That I can assure ypu
More and more people are adopting bitcoin or starting to learn about bitcoin and that's what's going to make more transactions in the network. If there is a way to make it faster to transact, I think it's time to apply that. It wouldn't be reasonable to transact low amounts now because of the currently recommended fee.
The future tx fee's will be a more ridiculous number. That I can assure ypu
Fee for today is very expensive, and many people transfer money in forks, which are both faster and cheaper
That's the only solution, The accelerator has limited seats every hour, and it already filled so quickly. With some doge coins and those already delivered the transaction so fast. Keeping mind if this cases will push the bitcoin. I mean bitcoin is dying. The agreement will have happened in a half of year later.
At that range, the forks will always be valuable to be your own solution for the bitcoin network.
Fee for today is very expensive, and many people transfer money in forks, which are both faster and cheaper
I am also angry that the fees are high because I mainly send small transactions daily and the fee is like half of the amount of the transaction money, and I lose a lot of money because I send Bitcoins daily. Fees are nit really high when you send a bigger amount, but they are if you send smaller transactions almost every day.
Why don't you wait a week or two before sending? Instead of daily. For micro transactions, sure. But for international money transactions, it is still affordable compared to what the banks charge.
For international transfers, I use transferwise. For up to $300, it is $3 and you send in your local currency and they receive in their local (different) currency. You get the mid market rate as the exchange rate. Usually takes a day to do a transfer. I've used it to transfer to a number of different people in Eastern Europe and works well.
I am also angry that the fees are high because I mainly send small transactions daily and the fee is like half of the amount of the transaction money, and I lose a lot of money because I send Bitcoins daily. Fees are nit really high when you send a bigger amount, but they are if you send smaller transactions almost every day.
When will the community wake up and see that Core is the sole entity responsible for bitcoins capacity issues?
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