$0.85 transaction fee is absolutely ridiculous! - page 9.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: zonik on June 03, 2017, 03:53:39 PM

Eth was not meant to make payments the way bitcoin was.

https://medium.com/@edmundedgar/why-ethereum-is-great-for-payments-ee80c5cb912a
"Ethereum is a great technology for sending people money on the internet. Maybe it wasn’t supposed to be, but it is."

zonik

newbie

Activity: 2

Merit: 0

Quote from: Alicia Keys on June 03, 2017, 07:00:00 AM

Now is more expensive because of bitcoin's rise, I worry about less ppl will use ETH instead. It is crazy to pay so much as fee.

Eth was not meant to make payments the way bitcoin was.

dragonusa9

hero member

Activity: 756

Merit: 500

Quote from: Shenzou on June 03, 2017, 12:55:54 PM

The fees are totaly insane, i have an Xapo wallet i wanted to send 10$ worth of bitcoin and the standerd fees were about 5$, is thnis really what bitcoin has come to these days are we going have to pay 50% of the transaction as fee for miners, in this case using bitcoin will have no point we will be better off using PayPal or other payment methods that has fixed fees

they have their own policy to make your transaction fast to prove their service, like 1~2 hours and done.
but i doubt that you still want to use their service. because im also using Xapo in the past and move before the system updated
i suggest you to move into manual fee set to survive on this price rate

bitcoindusts

sr. member

Activity: 1092

Merit: 271

Quote from: Shenzou on June 03, 2017, 12:55:54 PM

The fees are totaly insane, i have an Xapo wallet i wanted to send 10$ worth of bitcoin and the standerd fees were about 5$, is thnis really what bitcoin has come to these days are we going have to pay 50% of the transaction as fee for miners, in this case using bitcoin will have no point we will be better off using PayPal or other payment methods that has fixed fees

We just have to accept the fact that we have to pay higher fee now until this problem is patched. If we do not follow the transaction fee rule, we will be the one getting much more damage since we have to wait for the whole day or more

Shenzou

sr. member

Activity: 1400

Merit: 283

The fees are totaly insane, i have an Xapo wallet i wanted to send 10$ worth of bitcoin and the standerd fees were about 5$, is thnis really what bitcoin has come to these days are we going have to pay 50% of the transaction as fee for miners, in this case using bitcoin will have no point we will be better off using PayPal or other payment methods that has fixed fees

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: Dabs on June 02, 2017, 08:18:32 PM

I notice that with the current version of Core (0.14.1) there is no 1 block estimate anymore. The lowest estimate (fastest) is 2 blocks. If you look at the numbers closely, bitcoinfees.21.co is just slightly higher than what you have on your Core client. Depending on the transaction sometimes I use whatever value is displayed there and add a satoshi to the total, or a satoshi to the fee per byte. The tx will get included quickly either way.

As far as I can remember, Core has always given me a 2 block estimation. On one of my machines I still have v0.12.1 installed (have been too lazy to update -- will do right now), and here it also just gives you a 2 block estimation. What Core client did you use that gave you 1 block estimations?

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

I saw an ETH transaction with a $6000 fee. But then it was for $3 million.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I have paid well over 5 USD in fees just to get bits of Bitcoin out on time. It is expensive so now I don't just send out small bits anymore. I have to have at least 0.1 btc in my pot before I decide to send it out anywhere.

Blamsud

sr. member

Activity: 503

Merit: 250

Quote from: stompix on June 03, 2017, 08:26:31 AM

Quote from: ThirdGear on June 02, 2017, 06:30:56 PM

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

A fixed fee would be a disaster.
A fixed fee on what , I suppose you don;t want on tx because that would bring a wave a spam but a fix fee on kb?

And how do we prioritize transactions.. based on the timestamp?
That would mean somebody with 2000$ to burn might might stop the whole world from transacting for 1h just for the fun of it and there would be no way to avoid it.

Fixed fees or % fees are just stupid.
Let the free market decide.

It's difficult to have fixed fee when we all knew that alt and btc were not stable so fees will just depend on their value.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: ThirdGear on June 02, 2017, 06:30:56 PM

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

A fixed fee would be a disaster.
A fixed fee on what , I suppose you don;t want on tx because that would bring a wave a spam but a fix fee on kb?

And how do we prioritize transactions.. based on the timestamp?
That would mean somebody with 2000$ to burn might might stop the whole world from transacting for 1h just for the fun of it and there would be no way to avoid it.

Fixed fees or % fees are just stupid.
Let the free market decide.

Alicia Keys

newbie

Activity: 11

Merit: 0

Now is more expensive because of bitcoin's rise, I worry about less ppl will use ETH instead. It is crazy to pay so much as fee.

YIz

hero member

Activity: 686

Merit: 502

Quote from: vohoanghiep5555 on June 03, 2017, 06:42:30 AM

Quote from: CoinTasker on May 05, 2017, 03:22:48 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?

What you said is absolutely wrong. The $ 0.85 transaction fee is not large and is perfectly reasonable. Nothing is free while you also make money from Bitcoin so why are you asking for free? You should learn to accept, let go to get back

Bitcoin shouldn't be a "money making" machine. people don't want this sort of volatile currencies when holding large amount of money, especially if they hold amounts they cannot afford to lose. when bitcoin becomes less volatile, mainstream people will start to consider it as an option.

vohoanghiep5555

newbie

Activity: 15

Merit: 0

Quote from: CoinTasker on May 05, 2017, 03:22:48 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?

What you said is absolutely wrong. The $ 0.85 transaction fee is not large and is perfectly reasonable. Nothing is free while you also make money from Bitcoin so why are you asking for free? You should learn to accept, let go to get back

celested

full member

Activity: 211

Merit: 100

Quote from: CoinTasker on May 05, 2017, 03:22:48 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?

It's ridiculous, now we're dealing with extremely high fees for every transaction, especially, for deals from web wallets, they default to us for a fee of 0.001 btc ( Almost $ 2.5). This is a really terrible charge.

NikS13

sr. member

Activity: 383

Merit: 250

Yes it is absolutely ridiculous! Thats why im trying to avoid sending btc too often

Prodigan786

sr. member

Activity: 434

Merit: 250

Yes it's absolutely ridiculous my few of low transaction still not confirmed now bitcoin becoming for only big transaction hope soon it will recover otherwise altcoins would be the option

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

The number of unconfirmed transactions is rising once again, and is about to touch the 100,000 mark. We need some permanent solutions for this. A fixed transaction fee with no priority for anyone would be good, rather than temporary solutions such as SegWit.

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

More than 0.001 for a transaction of one input and two outputs now... Jeez, that's appalling.

Quote from: ThirdGear on June 02, 2017, 06:30:56 PM

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

It may be the best for users, but then miners will only be able to mine a set amount of transactions every 10 minutes, and currently the mempool is filling up faster than miners can pack them into blocks. How will they know what transactions to put into a block if the fees are all the same?

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Quote from: TheCheek on June 02, 2017, 03:54:31 PM

The last 3 txs have taken between 4 hours and 1.5 days, despite paying a high fee.

Maybe it's not high enough.

Quote from: richardsNY on June 02, 2017, 06:30:02 PM

I make use of the Core client, and there already is an option that gives me a rough recommended fee calculation. I personally don't use that option, but look at the recommended fee displayed by https://bitcoinfees.21.co where I add a 10% premium to make miners pick up my transaction.

I notice that with the current version of Core (0.14.1) there is no 1 block estimate anymore. The lowest estimate (fastest) is 2 blocks. If you look at the numbers closely, bitcoinfees.21.co is just slightly higher than what you have on your Core client. Depending on the transaction sometimes I use whatever value is displayed there and add a satoshi to the total, or a satoshi to the fee per byte. The tx will get included quickly either way.

ThirdGear

newbie

Activity: 1

Merit: 0

A fixed fee would be best and perhaps an express fee if it needs to be done fast.

Topic: $0.85 transaction fee is absolutely ridiculous! - page 9. (Read 24268 times)