$8 fee? for a $73 transaction? Really what the fuc is going on? - page 3.

allthebitandbobs

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Quote from: KeyGenKing on June 13, 2017, 04:28:24 AM

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.

For small transaction any under a couple of 100 your better off using altcoins now bud way cheaper to transfer funds .Litecoin is a good alternative since it use many places bitcoin is used

lottery248

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beware of your keys.

probably because the size of that transaction is very large, if they don;t put a higher fee for them they might have to face a lower priority to get them confirmed.

Quote from: In the silence on June 14, 2017, 12:50:28 AM

Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee.

yup, or choose the popular altcoins so you don't get your bitcoin or any fiat equivalent stuck in those transactions; as they are not yet high volume in the flow, fees then lower.

In the silence

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''Vincit qui se vincit''

Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee.

Lauda

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Terminated.

Quote from: matrix zion on June 13, 2017, 08:46:22 AM

But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.

Even that I can disagree with. Uneducated folk my flock to the centralized mETH, but that will only lead to it having high fees as well. Maybe they shall realize their error then or once they lose money.

Quote from: NeuroticFish on June 13, 2017, 09:10:11 AM

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.

The problem with that isn't only the block size spam. This often creates a lot of unnecessary UTXO or UTXO that can't be spent anyways (which in turn also affects scaling).

Quote from: Sowik on June 13, 2017, 10:02:04 AM

One of the reasons why Ethereum is on the rise..

Absolute bullshit. The reason why ETH is rising is the MLM ICO setup that is used to artificially constraint the supply. As it stands now, probably less than 10% of mETH is liquid.

Kprawn

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Quote from: Sowik on June 13, 2017, 10:02:04 AM

One of the reasons why Ethereum is on the rise

WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical

decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,

because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}

Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations. Angry

Sowik

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One of the reasons why Ethereum is on the rise

DGulari

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Quote from: KeyGenKing on June 13, 2017, 04:55:19 AM

I am not in a hurry for a payment.
I did not make the payment yet. I Refuse to pay this kind of fee.

Pay it. Don't wait. The longer you wait, the higher the fee. It has been going like that for a few years now. The fee will be $25 soon. This is the way Blockstream wants it. That way, you'll want to use their network service which will only have a small fee! lolololol. Hahahaha. Get it?! Adam Back wants to capture all the fee traffic!!!

stomachgrowls

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Quote from: shine1123 on June 13, 2017, 09:21:21 AM

The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?

Fee would still be the same no matter how big would be the amount you would transfer.As seen on the image theres a customize fee link or button there which he can anytime adjust the fees if hes not willing to pay up that $8 for high-priority transaction.It really ridiculous to pay that fee,if your not in a hurry then better choose the lowest one but expect it would really confirm very slow.

shine1123

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The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?

NeuroticFish

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Quote from: Lauda on June 13, 2017, 08:18:28 AM

Quote from: NeuroticFish on June 13, 2017, 07:18:02 AM

Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).

Part of the problem to the congestion is that plenty of services use Bitcoin very inefficiently. Instead of spamming with $1 or lower transactions repeatedly, they should aggregate them into bigger ones and make payments less frequent. This reminds me of some signature campaigns that had daily payments.

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.

Quote from: NeuroticFish on June 13, 2017, 07:18:02 AM

Meanwhile optimizing the transfers is the only solution I know of. If you earn Bitcoin, try to get them sent directly/automatically to the places you want to spend them (exchanges?). Also try to avoid sending them every week if you don't have to and you know that next week more money will come into that wallet.

Of course, this is not a solution for the "big bucks", but the problem is the small inputs...

matrix zion

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Quote from: Lauda on June 13, 2017, 06:28:25 AM

Quote from: KeyGenKing on June 13, 2017, 06:25:37 AM

Guess what: Nobody cares. Bitcoin does not care about your emotions, and neither does anyone educated care about your useless ranting. You are in absolutely no position to make any kind of demands. You are free to go somewhere else.

No that's sure.
But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.
And as far as I can see (which is probably not really far of course), there is a constant rise of protest againstthe cost of using the network. There is an urge of demand and I'm a bit afraid about the possible false solution that could be brought by a popular movement led more by emotions than by technical knowledge...

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Quote from: Ost on June 13, 2017, 04:33:08 AM

If you're not in a hurry, you could simply choose a lower fee.

This is something that a ton of people say though it's going to be kind of tough to pay a lower fee when you want something to be going at a semi-normal speed. You'd want to be following a credit card in that sense where the payment goes through instantly and you don't need to wait a disgusting amount of time to be able to pay for it.

But on a TX like this which is $73, you're paying more then 10 percent of it away in fees, this is one of the many reasons that I stopped using BTC and have went back to using my debit card and fiat. I simply take all the BTC I earn and convert it into USD instead of paying high fees and just simply losing money for the sake of losing money. I'm not doing anything shady online so it's not worth it for me to pay these high fees.

Lets hope we fix this congested network #SegWit?

The One

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Quote from: KeyGenKing on June 13, 2017, 04:28:24 AM

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.

Core developers changed the way fees are calculated. Once upon a time is was simple like buying a pint in a pub. Now they have screwed it all up based on their flawed understanding of economics. Fee market - utterly stupid.

Ignore Lauda as well.

Gens09

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Quote from: KeyGenKing on June 13, 2017, 04:28:24 AM

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.

I guess you can still choose a lower fee but not a fast transaction and i guess there ae just really a bitcoin wallet that have a super high fees when it comes in transaction and even in a small transaction so i guess you better change your bitcoin wallet and find who have more lower fees 8$ fee iis really ridiculous.

Lauda

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Terminated.

Quote from: NeuroticFish on June 13, 2017, 07:18:02 AM

Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).

Part of the problem to the congestion is that plenty of services use Bitcoin very inefficiently. Instead of spamming with $1 or lower transactions repeatedly, they should aggregate them into bigger ones and make payments less frequent. This reminds me of some signature campaigns that had daily payments.

Quote from: KeyGenKing on June 13, 2017, 07:40:28 AM

https://blockchain.info/address/1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ

Using a fee-rate of "534.16 sat/B" confirms my assessment that you have rudimentary knowledge of cryptocurrencies and are blaming Bitcoin for your own short comings.

Quote from: carlfebz2 on June 13, 2017, 08:14:06 AM

I was little bit surprised that 0.001 is already considered as lowest amount of fee which ive knew this a while ago that its on recommended fee but now it goes high again which it change to 0.003 which is really too much and this thing hesitates me to make transfers specially on a hurry.

Absolute bullshit post. "0.001" is not considered the lowest "amount of fee". There are no absolute numbers when it comes to fees, only the fee-rate.

jtipt

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Quote from: KeyGenKing on June 13, 2017, 04:28:24 AM

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?

The fee in BTC has pretty much stayed the same with a slight increase, but because the bitcoin's price has risen so much in past few weeks that same fee looks a lot more in $ terms.

carlfebz2

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Quote from: KeyGenKing on June 13, 2017, 06:04:59 AM

Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Point is, if this is how the blockchain will handle my transactions with this kind of fee i am out.
Even with many outputs i haven't paid this kind of fee, never! Made around 255 transactions.
I am not stupid, i am shocked about this high fee.
And if this kind of fee will be normal to pay i am out of Bitcoin.

There many others coins with better rates.

You are not the only one who do experience this but all bitcoin users which really don't like on the sudden increase of fees and we cant do anything about it but pay up those fees if we do want to transfer some bitcoins from another wallet. I was little bit surprised that 0.001 is already considered as lowest amount of fee which ive knew this a while ago that its on recommended fee but now it goes high again which it change to 0.003 which is really too much and this thing hesitates me to make transfers specially on a hurry.

bitbunnny

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Fees issues are nothing new you should have known this by now. Low and very low fees are past, this is not functioning anymore. Until some solution is found we have to agree with higher fees if we want for transactions to be confirmed and delivered on time. So you better get the wallet where you can regulate the fees.

hase0278

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Quote from: KeyGenKing on June 13, 2017, 06:04:59 AM

Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Point is, if this is how the blockchain will handle my transactions with this kind of fee i am out.
Even with many outputs i haven't paid this kind of fee, never! Made around 255 transactions.
I am not stupid, i am shocked about this high fee.
And if this kind of fee will be normal to pay i am out of Bitcoin.

There many others coins with better rates.

That's just how it is now it is either you put up with slow transaction and pay a low amount of fee or pay the recommended one to get your transaction confirmed faster. This kind of fee is normal for now so to solve this problem, just send your bitcoin earnings sent by others to an exchange if you will spend it or just simply send it to where you want it for you to not bother about the fee.

Ewox

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3) Pay less and wait more. The amount you pay (which you can pick in the wallets that I've recommended) in combination with the fee-rate tiers (see superscript 1) determines how long you will wait for a confirmation (estimate).

I have to agree with Lauda on this, what I usually do though is I wait if I'm not in a hurry. Though I did notice the price went up when bitcoins value skyrocketed too.

Topic: $8 fee? for a $73 transaction? Really what the fuc is going on? - page 3. (Read 3251 times)