$8 fee? for a $73 transaction? Really what the fuc is going on? - page 4.

KeyGenKing

sr. member

Activity: 323

Merit: 259

Quote from: Reid on June 13, 2017, 06:33:47 AM

Brand new for a full member?
I mean is this the first time you have done a transaction?
This news had spreading around all over this community for like a month now and we are almost getting used to it. Now you are getting mad for a $73 dollar transaction which you didn't even observe if you could customize you fee. Unlike some of us here who are using web wallets which dont have much of a choice.

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

Just check my transactions dude,
If i wanna transfer this amount now i should pay a fee of $8.87,
And yes, there can be many reassons for it.
My last transaction i made with the same amount of transaction was on 3 may, i paid a fee of $0.92.

It's not where talking about smalls amounts of fee here.

And yes i refuse to pay a fee like this to the miners.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.

Then just don't.
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).
Unfortunately we are small in this equation and whether we are happy or unhappy about this situation, only the miners (signal) and devs (fork) can do anything of it.
There are many as frustrated as you are (or even worse) and this subject is well known.
We need more, more and even more patience, it seems.

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.
...These are small things, I know, and some may not apply to you, still, I hope they can help.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

The price of bitcoin is so high and a lot of users are also executing transactions everyday so it is more like a race for every kind of transaction so it is either you will pay high to get to the finish line fast as you want or pay average fee which will take a lot of hours or even days before you fully received it.

Reid

hero member

Activity: 3052

Merit: 651

Brand new for a full member?
I mean is this the first time you have done a transaction?
This news had spreading around all over this community for like a month now and we are almost getting used to it. Now you are getting mad for a $73 dollar transaction which you didn't even observe if you could customize you fee. Unlike some of us here who are using web wallets which dont have much of a choice.

Taki

hero member

Activity: 1078

Merit: 514

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 holly truth! The value of the fee that they suggested to you is impossibly high! This wallets are just going crazy, but I am sure there are people who pay such fees. Maybe to organise my own BTC wallet with normal fee amount!? Roll Eyes

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

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

I have read it, again i am not stupid.

I highly doubt it.

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

It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.

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.

KeyGenKing

sr. member

Activity: 323

Merit: 259

Quote from: Lauda on June 13, 2017, 06:17:50 AM

Quote from: amacl1n on June 13, 2017, 05:33:32 AM

I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.

Read other posts before writing garbage. 2 MB does not solve anything and mETH will have the same if not worse problems.

Quote from: ktabb on June 13, 2017, 05:34:38 AM

Is that coinbase? I know their transaction fees are stupidly insane

It has nothing to do with Coinbase.

Quote from: Mercuriel on June 13, 2017, 05:51:59 AM

I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...

The value that you're moving has nothing to do with the required fee. It is possible to move $1 Billion worth of Bitcoin for $1, and it is possible that you may require a $100 fee in order to move $1.

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.

Your knowledge is elementary at best. Read my post before writing more nonsense.

Lauda,

I have read it, again i am not stupid.

It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: amacl1n on June 13, 2017, 05:33:32 AM

I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.

Read other posts before writing garbage. 2 MB does not solve anything and mETH will have the same if not worse problems.

Quote from: ktabb on June 13, 2017, 05:34:38 AM

Is that coinbase? I know their transaction fees are stupidly insane

It has nothing to do with Coinbase.

Quote from: Mercuriel on June 13, 2017, 05:51:59 AM

I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...

The value that you're moving has nothing to do with the required fee. It is possible to move $1 Billion worth of Bitcoin for $1, and it is possible that you may require a $100 fee in order to move $1.

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.

Your knowledge is elementary at best. Read my post before writing more nonsense.

bit-tard

newbie

Activity: 21

Merit: 0

The fees now are expensive, Agree to that. but these fees are not the normal unless there are complicated circumstances to that payment,
for a 222 byte payment to 1 party the fees is at max 0.0005 which is around $1.25 BTC, it's not cheap and it should be cents in maximum, but it's not as huge as 8 dollars.
also the issue is the fees would be the same for a 73 dollars or a million dollar TX, as soon as the number of addresses sending/receiving is the same.

LBX

hero member

Activity: 1025

Merit: 534

A

really!!!!!

I'm always i used 0.001 fee & I have not i had any problems or delay ( for big number)
0.0005 fee ( for Small number) Sometimes it is late for hours

Thal

newbie

Activity: 51

Merit: 0

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.

You can change the amount of fees, If this isn't suits you, Just choose another crypto, me i'm still fine with bitcoin.

KeyGenKing

sr. member

Activity: 323

Merit: 259

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.

BossMacko

hero member

Activity: 1134

Merit: 502

Welcome to the new Bitcoin world bro. I deposited 0.03 Bitcoin earlier in nitrogensports using my coins.ph i had to choose from 3 transaction from low, medium and high priority, i chose low priority and it cost me 0.001 Bitcoin, medium priority will cost 0.003 Bitcoin and high priority cost 0.009Btc. I chose the low priority because the site only needs 1 confirmation before my deposit reflects to my account.

chek2fire

legendary

Activity: 3430

Merit: 1142

Ιntergalactic Conciliator

miners and Jihan Wu is going on... Tongue

Mercuriel

newbie

Activity: 9

Merit: 0

I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...

That's why you can change the fees but be carefull because smaller fees will greatly increase the transaction time.
In my case, when i putted 0.0005 BTC as fee, my transaction took nearly 3 days ! with 0.001 BTC it took a few hours.

It's a matter of balance between your imperatives, patience and the money you are ready to waste in exchange of time.

jorneyflair

hero member

Activity: 672

Merit: 500

Quote from: KeyGenKing on June 13, 2017, 05:40:54 AM

Quote from: ralle14 on June 13, 2017, 05:23:11 AM

Quote from: BitcoinHodler on June 13, 2017, 05:09:05 AM

you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.

How did you know that OP has 11 unspent transaction outputs in his wallet?

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

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

Try waiting for the correct time where the network isn't that much busy. Yesterday I sent a $50 transaction with a fee of $0.41 and it got confirmed within an hour.

Dunno, but https://blockchain.info/unspent?active=1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ&format=html
It's 11 but i don't see any reasson why is should pay $8 for a transaction.

Quote from: ktabb on June 13, 2017, 05:34:38 AM

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.

Is that coinbase? I know their transaction fees are stupidly insane

No it's blockchain.info!

It's just blockchain congestion mate. It's how things are at the moment.

If you don't feel confortable with paying a $8 fee - don't. Pay a smaller fee and use the Antpool or Viabtc transaction acceleration services which are both free to accelerate your transaction. But this comes with risks, your transaction may never confirm if the transaction accelerators don't work, or you might have to pay more in future to get the same transaction confirmed.

It's fairly standard for each input to cost around 0.001 BTC these days. You must have been away for a long long time because this is barely news by now.

KeyGenKing

sr. member

Activity: 323

Merit: 259

Quote from: ralle14 on June 13, 2017, 05:23:11 AM

Quote from: BitcoinHodler on June 13, 2017, 05:09:05 AM

you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.

How did you know that OP has 11 unspent transaction outputs in his wallet?

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

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

Try waiting for the correct time where the network isn't that much busy. Yesterday I sent a $50 transaction with a fee of $0.41 and it got confirmed within an hour.

Dunno, but https://blockchain.info/unspent?active=1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ&format=html
It's 11 but i don't see any reasson why is should pay $8 for a transaction.

Quote from: ktabb on June 13, 2017, 05:34:38 AM

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.

Is that coinbase? I know their transaction fees are stupidly insane

No it's blockchain.info!

pearlmen

sr. member

Activity: 322

Merit: 250

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.

Although, the fee has been high in recent times but its not supposed to be this crazy but there could be several reasons for this as other have rightly suggested which I am going to tend towards the fact the amount you are intending to send is cumulation from several addresses with micro balances as this could be the reason for this high fees.

ktabb

full member

Activity: 266

Merit: 103

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.

Is that coinbase? I know their transaction fees are stupidly insane

amacl1n

newbie

Activity: 48

Merit: 0

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.

The fees is voluntary and it's not the network error, it's the miner that are getting excessively greedy, before if the network is not crowded the standard fees could pass but now it's 100s/b at all times, even when there are few tx's pending.

I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.

Topic: $8 fee? for a $73 transaction? Really what the fuc is going on? - page 4. (Read 3251 times)