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Topic: $8 fee? for a $73 transaction? Really what the fuc is going on? (Read 3251 times)

hero member
Activity: 1092
Merit: 501
Dude you are crying over $8? I have paid more than 8$ for a 10$ transaction that is actually ridiculous because I need that money real fast, So, I put that high fee. We hope that miners stop doing that shit and start accepting transactions with a low fee.
If for you that is not a lot of money cool, but for a lot of people 8 dollars is a lot of money, especially if you live in a third world country, 8 dollars can be as much as a few days of payment to some, and lets be honest, even if you can pay such transactions, who does not like to get the same service for a cheaper fee, so to me it makes sense the op is not happy about the situation.
legendary
Activity: 1120
Merit: 1000
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys Smiley i would still use bitcoin.
It might be cheap for you but for those who living in 3rd country 5 dollars for a fee it's extremely expensive, it's not a problem if we send lot of bitcoins with that fee but for small transaction it is a problem. Well for now i think bitcoin isn't suited for small transaction.
confirmation is only 1 hour is fast so you have to add the amount of fee. if you don't want it there's customize option or you don't choose regular in form transactiekosten choose a lowers although it will take longer for the estimated confirmation. maybe for transactions it would be better to choose altcoin like eth or doge and you have to use multi wallet like coinbase to send eth.
Exactly, personally i'm using dogecoin for trading activity, sending my bitcoin from bittrex to poloniex or vice versa in order to avoid the bitcoin fee, it only costs 2 doges on bittrex and 5 doges on poloniex which is exteremly cheap. The problem is this method only works on exchanger or wallet which support multicurrency.
sr. member
Activity: 434
Merit: 250
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
You could have go for customize fees in block chain wallet or if you are using exchange wallets then some are not giving ability to customize the fees then we will really stuck .Because of this lots of altcoins doing really good move .
legendary
Activity: 2604
Merit: 1036
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys Smiley i would still use bitcoin.

Sorry but this is not cheap. Just imagine doing this on a daily basis. You will be essentially losing money on ridiculously inflated fees. Sometimes Bitcoin fanboism is just not healthy at all  Grin
sr. member
Activity: 532
Merit: 250
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys Smiley i would still use bitcoin.

Actually you can pay less fee on your transaction and takes a little more time to get confirmed. To get confirmed on blockchain is already quite fast than a few weeks ago. I really recommend to customize fee for every transaction you do.
hero member
Activity: 1666
Merit: 502
confirmation is only 1 hour is fast so you have to add the amount of fee. if you don't want it there's customize option or you don't choose regular in form transactiekosten choose a lowers although it will take longer for the estimated confirmation. maybe for transactions it would be better to choose altcoin like eth or doge and you have to use multi wallet like coinbase to send eth.
sr. member
Activity: 378
Merit: 250
As the newbies said at the top you need to customise your own fee settings. Plus don't use any wallet that limits these. I personally use Electrum and I would recommend it. And nest time, remember to check this website: https://bitcoinfees.21.co/

This will show the most economical and fastest transaction rate at that time. Right now that sits at 330 satoshis/byte.
sr. member
Activity: 1297
Merit: 294
''Vincit qui se vincit''
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys Smiley i would still use bitcoin.
legendary
Activity: 1232
Merit: 1091
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins
oo really its so amazing to see users like you  and to avoid the problems.

It's not that he did something unbelievable.... If your transaction byte size is more or less in the range of a generally normal transaction (i.e. 226 bytes), and include a fee that is slightly under/over the recommended fee, then miners will likely include it in the next block, or the block after that. If you're lucky, then 1 or 2 blocks may come through with just a few minutes apart -- there you have your quick confirmation(s).
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
I just withdrew my signature earnings from YoBit, and I paid a fee of BTC0.0015, which is equivalent to some $3.75 (YoBit paid BTC0.0011594 for the transaction). Even Paypal doesn't have these sort of insane fees. I am feeling really angry at the miners now. If they don't want SegWit, then let them come up with some other solution. But this can't go on like this for ever.
Make sure if you have blamed the right person. The fees are depending on the network status. The more transaction in mempool will make too many transactions in queue gets stuck. Or bloat the bitcoin network. The only way to resolve it through the scaling agreement which will be activated in August as far as I know.

At least it must be driven for success.
hero member
Activity: 644
Merit: 500
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins
oo really its so amazing to see users like you .as much as bitcoin is being commend the transaction fees is being applied accordingly as the bitcoin demand is being so high and now using in several areas of the world with high so as load of users is increasing the transaction is increasing to overcome and to avoid the problems.
hero member
Activity: 720
Merit: 500
Dude you are crying over $8? I have paid more than 8$ for a 10$ transaction that is actually ridiculous because I need that money real fast, So, I put that high fee. We hope that miners stop doing that shit and start accepting transactions with a low fee.
sr. member
Activity: 686
Merit: 253
just relax bro. Do not need to be panic or angry like that. Bitcoin will soon be the same as it was in the past. HF will soon happen and we will soon activate both segwit and increase block size from 1 to 2mb

I hope that this solution will be the ideal solution we've craving for and there will be no further disputes or problems arising from the application of this solution. I'm for the good of Bitcoin and hope this helps us to overcome these huge fees and delayed confirmation times without any side effects.
member
Activity: 99
Merit: 10
The regular fee is much lower, probably the maximum is now $2 dollars now to get confirmed in the next one or two blocks/ Fees are voluntarily and paid in the high side to get confirmed instantly or very closely. otherwise using a regular fee would do.
sr. member
Activity: 630
Merit: 263
I can't understand why the fee per transaction is so high. It ought to be motivated. Many people enjoy small tranches and therefore can generally turn away from the use of bitcoin. This is necessary to solve something, but our little depends.
sr. member
Activity: 574
Merit: 251
According to what i read, the amount of fee is calculated based on the input and the network, so you can try to reduce the size or lower the recommend fee if you don't mind to wait. The most i paid for is about $1 few.
full member
Activity: 294
Merit: 100
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

You seriously need to go and do some homework! Adjust that goddamn fee so that you will not pay so high. You have an option whether to pay a high fee or low that depends if you need it soon or not. Also Bitcoin nowadays is not suitable for any microtransaction or rather not recommended considering the fees nowadays. We should wait and see whether the transaction would somehow go down then I will decide to look for another method to have a lesser transaction fees if somehow it would rise and affordability is no where to be found.
sr. member
Activity: 484
Merit: 251
just relax bro. Do not need to be panic or angry like that. Bitcoin will soon be the same as it was in the past. HF will soon happen and we will soon activate both segwit and increase block size from 1 to 2mb
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I just withdrew my signature earnings from YoBit, and I paid a fee of BTC0.0015, which is equivalent to some $3.75 (YoBit paid BTC0.0011594 for the transaction). Even Paypal doesn't have these sort of insane fees. I am feeling really angry at the miners now. If they don't want SegWit, then let them come up with some other solution. But this can't go on like this for ever.
newbie
Activity: 60
Merit: 0
depending on what app/program you're using, you can set a lower fee ($1 or so) if you're not in a hurry. Don't worry though, there will be a fix for this at the beginning of august.  Wink
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