$0.85 transaction fee is absolutely ridiculous! - page 14.

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Quote from: matrix zion on May 23, 2017, 09:16:57 AM

What's funny with this thread is that fees of less than 1$ now would be cheap xD

I'm paying around 4$ now.
This is really troublesome, that's tiring.
I can't really handle 4$ for every transactions xD

Yup, that's what I said in my last post here.

Within the last 2 weeks, a lot, a lot has changed.

matrix zion

sr. member

Activity: 381

Merit: 251

What's funny with this thread is that fees of less than 1$ now would be cheap xD

I'm paying around 4$ now.
This is really troublesome, that's tiring.
I can't really handle 4$ for every transactions xD

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Quote from: Eternu on May 23, 2017, 08:48:23 AM

Quote from: illaslli on May 23, 2017, 08:00:29 AM

Miners are getting richer by the day, that means no incentive to fix anything. Its not broken for them.

Yes that is right, but i am not sure what would they think when people stop using there services. People like to earn money and that is main reason why people are dealing with bitcoin. If fee go even more up, people will start to using bitcoin less and less, and that will bring fee down or bitcoin. Something will need to be done in the future about that.

Fee go up.
Less people use bitcoin.
Fee go down.
More people use bitcoin.
Fee go up.
Less people use bitcoin.
Fee go up some more.
Japanese use bitcoin.
Korean use bitcoin.

Bitcoin go up.

Seville

full member

Activity: 270

Merit: 100

Western Union charges 10$ per TX.. so 50c fees is a bargain Grin

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: illaslli on May 23, 2017, 08:00:29 AM

Miners are getting richer by the day, that means no incentive to fix anything. Its not broken for them.

Yes that is right, but i am not sure what would they think when people stop using there services. People like to earn money and that is main reason why people are dealing with bitcoin. If fee go even more up, people will start to using bitcoin less and less, and that will bring fee down or bitcoin. Something will need to be done in the future about that.

illaslli

newbie

Activity: 33

Merit: 0

Miners are getting richer by the day, that means no incentive to fix anything. Its not broken for them.

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: EarlyBirdSpecial on May 22, 2017, 06:24:00 PM

I had to pay almost $2 a few days ago. BTC still took almost 13 hours to send. Angry

It's getting rediculous indeed. Exchanges are also making a lot of money from the high feees at the moment.

Payed 10k satoshi to polo to withdraw btc and they simply poool 30 transacations (300k in fees) and only use 80k satoshi to send it. Nice bonus for them.

Eternu

sr. member

Activity: 560

Merit: 257

Quote from: CoinTasker on May 05, 2017, 04:22:48 AM

Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.

This is getting insane and is completely uncalled for, or am I wrong?

You are not wrong, and i absolutely agree with you. It is insane, i mean alike you said, imagine people who use bitcoin daily, it must be hell for them. And the worst part is that, even if you pay that much you will still have problem of transferring. Few days ago i wanted to buy something, and i payed fee of 0.75 dollars or something like that, and it took more than two days for payment to be transferred... I hope they will deal with that, and soon i hope.

chixka000

hero member

Activity: 910

Merit: 500

Quote from: cointabo on May 22, 2017, 04:02:15 PM

I am already used to paying $1+ for my BTC transfers to have them confirmed in a few minutes, worth it I'd say

Worth it if you send a quite huge amount but when you do have a small time process then it could really hit your balls really hard. As a small time earner it is really disturbing for s as we consider $1 a goof amount already

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

Quote from: HITTI2 on May 23, 2017, 06:43:08 AM

Quote from: Raja_MBZ on May 22, 2017, 06:30:37 PM

The thread is only 17 days old and seems very false now. These days, even the $0.85 fees is taking like 5 days to get first few confirmations. Totally not worth it.

Quote from: EarlyBirdSpecial on May 22, 2017, 06:24:00 PM

I had to pay almost $2 a few days ago. BTC still took almost 13 hours to send. Angry

Yup, if you need confirmations within an hour, you've to pay $5+ as fee.

WTF? 5+ bucks? Holy shit! Has it gone up again?

Yup! That's how it goes now...

If you pay less than that, then be ready to wait for 1-5 days.

HITTI2

hero member

Activity: 563

Merit: 500

Quote from: Raja_MBZ on May 22, 2017, 06:30:37 PM

The thread is only 17 days old and seems very false now. These days, even the $0.85 fees is taking like 5 days to get first few confirmations. Totally not worth it.

Quote from: EarlyBirdSpecial on May 22, 2017, 06:24:00 PM

I had to pay almost $2 a few days ago. BTC still took almost 13 hours to send. Angry

Yup, if you need confirmations within an hour, you've to pay $5+ as fee.

WTF? 5+ bucks? Holy shit! Has it gone up again?

Raja_MBZ

legendary

Activity: 1862

Merit: 1505

The thread is only 17 days old and seems very false now. These days, even the $0.85 fees is taking like 5 days to get first few confirmations. Totally not worth it.

Quote from: EarlyBirdSpecial on May 22, 2017, 06:24:00 PM

I had to pay almost $2 a few days ago. BTC still took almost 13 hours to send. Angry

Yup, if you need confirmations within an hour, you've to pay $5+ as fee.

EarlyBirdSpecial

newbie

Activity: 42

Merit: 0

I had to pay almost $2 a few days ago. BTC still took almost 13 hours to send. Angry

hinatashoyou

member

Activity: 82

Merit: 10

Actually in the btc fee is fixed but it is because the price of btc rose so its fee also increased. I see it as a boon because of the expensive bitcoin price, it's okay if the price of dollar fee goes up but do not the bitcoin fee goes up too, if so you're greedy

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: szpalata on May 22, 2017, 04:47:44 PM

It isn't the best but we have to live with it at least for now until a better solution is found. I'm afraid it might eventually become $1 Per transaction and that's when people might be tempted to abandon Bitcoin for something else.

I have sent three transactions today, and included a fee of $1.50 each time. It's high for sure, but I have no other option than to deal with the situation as I need to pay out people. Complaining about the higher fees has no impact at all. It's either you dealing with the situation, or just keep including average fees that will require you to wait several hours to get that first confirmation. I always deal with whatever situation that stands in front of me -- complaining is pointless....

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: szpalata on May 22, 2017, 04:47:44 PM

It isn't the best but we have to live with it at least for now until a better solution is found. I'm afraid it might eventually become $1 Per transaction and that's when people might be tempted to abandon Bitcoin for something else.

if you want a faster confirmation of your transaction, you actually need more than $1 per transaction. Aside from that if you have several input in one transaction it even charge more. I have an experience having 10 dust inputs in one transaction charged me more than 3 USD .

szpalata

sr. member

Activity: 686

Merit: 253

It isn't the best but we have to live with it at least for now until a better solution is found. I'm afraid it might eventually become $1 Per transaction and that's when people might be tempted to abandon Bitcoin for something else.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: CoinTasker on May 05, 2017, 04:22:48 AM

Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.

This is getting insane and is completely uncalled for, or am I wrong?

Well, it's only a couple magnitudes higher fee than visa....and no more than a 100 or so magnitudes slower....The real question in my mind is: how long will it take to realize that there are far more useful platforms to utilize as a means of exchange? And, will the bitcoin to USD exchange rate be effected by that realization?

cointabo

sr. member

Activity: 477

Merit: 250

I am already used to paying $1+ for my BTC transfers to have them confirmed in a few minutes, worth it I'd say

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: HITTI2 on May 21, 2017, 07:11:58 AM

I can't even get few dollars to an exchange and its pissing me off. This is the third time trying to use minimum fee's but the bitcoin client custom fee input that I inputted is totally different from the blockchain.

Quote

f9d3fcfc42f5cfb8b86b15e3198ea8422711bd598d9ad1b26c68811654f65cb2
(Fee: 0.0000664 BTC - 29.78 sat/B - Size: 223 bytes) 2017-05-21 00:21:05
12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9 (0.00132885 BTC - Output)
14XknsfpDYGV4pusK7b8bsixDQER4PZok9 - (Unspent) 0.00126245 BTC

https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9

I fucking inputted "0.0001338BTC" as a fee.

So, it's gonna stay unconfirmed again for days on days.

Inputs and Outputs
Total Input   0.00132885 BTC
Total Output   0.00126245 BTC
Fees   0.0000664 BTC
Fee per byte   29.776 sat/B
Estimated BTC Transacted   0.00126245 BTC

You're trying to send 2$ ?
Really what's the point nowadays to do that?

With 29 satoshi /b it will be confirmed next Christmas

Topic: $0.85 transaction fee is absolutely ridiculous! - page 14. (Read 24225 times)