Topic: A Q for Bitcoin gamblers. Are you affected by high transaction fees? (Read 558 times)

Of course I agree with you and you can see it from my first sentence. My proposition of "the worst move you can do" from your point of view was preceded by the words "for now". Implementing Segwit will take time, months if not years, but right now there are many gamblers who have money on their balances on various gambling sites, the money they transferred there earlier when transaction fees were not that high. Some time ago I came across people asking in a chat what to do if they want to withdraw $100 and they are asked for a $40 fee. For those gamblers I think it's better to withdraw in some alts. For now of course. )

I think most of the gamblers who is doing gambling purpose for earning purpose will be affected due to abnormal fee on bitcoin transaction.And many websites are accepting altcoins too so people are moving from bitcoin to altcoin gambling due to high fee and bitcoin is getting expensive so some don't want to use it for gambling purpose.
But I don't invest bitcoins for gambling still I am playing with my reward from signature campaign,they are depositing my weekly reward directly into the gambling website so I don't have to worry about the deposit or transaction fee for now.

Yes, of course. There is some sites that simply for depositing money they charge fees. Now, on bitcoin transactions, some of the fees have been really high at the moment. At the moment, Im only gambling with real money, I stopped gambling when BTC became a huge thing so now Im saving whatever I have left on my wallet.

That would possibly be the worst move you can do in my opinion. If you are very much willing to exchange your Bitcoins to have "faster transactions" then it would be best not to move the Bitcoins from your wallet at all.

The best move we have as a community is to support Segwit and campaign for others to also do it. The first 2mb Segwit block has been mined by the way.

https://blockchain.info/block-height/505225
https://www.smartbit.com.au/block/0000000000000000001bbb529c64ddf55edec8f4ebc0a0ccf1d3bb21c278bfa7

The only thing that can fix all this mess is just if the LN gets implemented soon, this will make all the fees go ripped off to zero again.
I am not gambling with bitcoin anymore because of that. The fees are unsustainable, and most times that i just gamble i do it with less than $100.

Besides LN there's also another solution to scalability - schnorr signatures. this upgrade is very much beneficial and needed, as i've read this will not only lower tx fees but also reduce bandwidth and storage by 25%.

That's not a solution, it's merely an alternative. i know/have seen only 2 gambling sites that are segwit ready, fortunejack and betking. and only around 10% transactions are segwit ones, we have to improve there!

We as users must certainly find the best way to minimize the amount of transaction fees. I myself prefer to use alts that still apply a relatively small fee. To some extent, the recent transaction fees of course affect all of us.

Yes, all of us are affected and if gambling sites were implementing Segwit it would be great. But for now I can see only one solution to the high fees problem which is using other cryptos. Almost all known Bitcoin gambling sites support several other altcoins, like ETH, DASH, LTC, BCH etc. Even if you deposited BTC to play on a site you can withdraw your chips in any supported crypto currency, it's not necessarily should be Bitcoin.

Yes, everyone seems struggling at this high transactions fees thus making a micro payments is not the best option here. Every gambler should bet a one time betting if they want to gain a good profit but it is impossible if you have a low capital.

The scalability problem in bitcoin never get solved properly and quickly , we cannot do much but waiting.
For sure to use bitcoin as micropayments recently isn't worth , no wonder people switch their purpose in bitcoin as an investment .
I am not sure with the lightning network could reduce the transaction fee but for now that's the only thing we can expect to have a low fee.

Yes, every gambler could have got affected of the increased transaction fee. Because for faster confirmation high transaction fee needs to be placed. Other than this one cannot bet with small amounts, because the transaction fee equals to the amount used for the betting purpose.

yes because as much as I would like to use a small capital when gambling I need to deposit a big amount because the transaction fee are bigger than my deposits and in return I get to waste so much when my luck are not around during gambling, it really sucks and sometime I'd rather play on casino near in my place rather than online. I hope fees will be eliminated or lessen if possible.

Using another altcoin is what we are trying to avoid here. We need to start using the solutions available to us in Bitcoin. So please educate yourself and know more about Segwit.

We cannot allow ourselves to use inferior coins just because there are obstacles on the road. As Bitcoiners we should do our part too.

Right the fee is same but the number of transactions is less. To reduce the transaction fee, you can convert your BTC to ETH and send that coins to your buyer's site and sell your coins. Anyhow now all local exchanges are using both BTC and ETH. I have one more option I can sell BCH to fiat this saves a lot of money.

Please do not be ignorant about the issues in Bitcoin. I could do a better job in posting around the forum with the kind of payment you receive from your signature campaign. Hahaha.

Of course they can implement it. Some services already did.


Because most of the users now do not bother to learn more about Bitcoin, especially people in this forum. Most of them are shitposting.


See what I mean?

Of course gamblers are really affected by high transaction fees because as much as they want to have more capital for gambling they need to cut this for transaction fees also those who don't have much capital to use cannot play gambling because they might pay fees more than to what they want to deposit. Transaction fees are some what a big issue ever since but still no solution has been made to fix this thing.

Yeah it sucks because so many don't have it but it is better than the high cost, but maybe the lightning network will help to fix those problems, as we can already see the fees going down...

In your method also you are still paying a high fee to send to a gambling site and to send to the buyer later on but you just reduced some money by reducing the number of transactions. But if you send those one-month total amount to any exchange and convert them to some altcoins and use them to gamble may save more money than what your saving currently.

but dogecoin is still not yet available on most popular gambling sites however there were still few gambling sites that accepts all kinds of altcoins expecially those who are on top 10.  but to answer the ops question in my case im not affected at high transaction fees at all when playing a gambling because i already using the gambling sites deposit address whever i try to participate on some online jobs like sig campaigns and social media campaigns therfore i dont shoulder the high fees at all and i can still play gambling everytime i have the urge to to double up my coins.

This is why I like dogecoin, because it is fast and very cheap for sending so even if you do not have a lot you can still use it easily...

Of course..I am and I believe every bitcoin gamblers are too. Any gambler that says they don't, is just deceiving themselves or shying away from the truth. Or else if they are gambling With coins that has low or zero transaction fee. But I doubt if there will be a casino that have implemented it. But the present of Segwit has been making it a fair now compares to before.

I do it differently. I collect a big number, then send the whole month's decided amount to a gambling website and then gamble it until I lose or reach my goals, after which I just withdraw everything - but not in my own wallet, I send the coins to the Bitcoin buyer and take fiat in return to my bank. Simple as that, so that no fee is accrued here.

I still gamble just as much as before but my bitcoin gambling has been minimised. The fees are too high atm, I prefer to go to the mainstream fiat bookies.

I much preferred to gamble with bitcoin when fees were lower but not as much now.

I think anyone who uses Bitcoin regularly is feeling the strain of the last few months. I haven't really been affected, since by now I no longer directly fund my Bitcoin gambling activity. All my Bitcoin (or crypto for that matter) earned is already pre-calculated to channel in certain directions. The bulk to my trading accounts, which I need to sell for expenses. A second portion goes to my holdings, this is usually the end of it.

If I happen to make a bit more, this goes to my casino accounts. I only maintain 3 accounts now, whittled down from more than 10 a year ago! So because I receive them as earnings/payments, I don't actually spend any of my own any longer, so I rely on the good faith of the senders to use good fees.

The bite happens at withdrawal I guess, since only 1 of the 3 casinos I use allow you to set a fee. Thankfully, the 2 that have a fixed withdrawal fee have always been generous with miner fees, and I usually don't mind asking for a low-priority fee as I'm seldom in a hurry. But I can foresee that:

1. These fees will get higher.
2. I am going to continuously optimise my transactions. Fewer withdrawals, at larger amounts. In fact, I no longer withdraw less than 0.05 BTC anymore except for particular spends.

I think for sure, we all need to advocate for our favourite sites to upgrade to full SegWit, and then later open a LN for their users.

Hopefully that solution has come, knowing that a lot of people have already applied bitcoin transactions in their lives, in a way. Whether it was to pay someone or just HODL bitcoins, it would transact somehow or something. It's fun to see the value of Bitcoin rise so much that it benefits everyone that owns it.

I only use small amount of capital when gambling so I am really affected by high transaction fees imagine I only want to deposit like .001 bitcoin then the transaction fees are like .0045 which really sucks...this one reason why I only play whenever I earn small amount of satoshi but doing so is really a waste of time because in gambling you can only win high if you have high capital unless you are really lucky to start nothing and end up millionaires

Well everyone who gambles with btc is affected one way or another. Especially those that do withdrawals and deposits on a frequent basis. Its troublesome really but the price is actually adopting to btc's value so we can only hope there will be a better solution some time.

Better to wait then enjoyed more after instead of a quick transaction yet you have less inside your wallet, the fee really hurts out butt since the value of btc really huge even we are in this correction but still the fee can be felt when converting it into dollars, we can't do nothing as it is a part of the business and the only thing we can do is just go with the flow and wish for our luck to cover it and to win a little.

When I was still in gambling it has a little impact on me as my bankroll was reduced due to high fee especially if my depo is just more or less than 500k sats. That's why I used low-prio fee in mycelium when i'm making depo. I don't mind waiting a little longer if i'm short in bankroll.

Yes I am affected by it the truth is I can't really gamble with a fee transaction fee.
The reason why I gamble is to relax and have fun but how could I do it if the amount of the transaction fee is almost half of the amount that I want to deposit.

I did not know that it was available with electrum wallet,thank you for the information,the transaction fees is affecting bitcoin based gamblers,the transaction fees is hurting in the long run without a doubt,it is impossible to send small amounts with the fees we have now and hopefully when everyone enables segwit ,will that solve the issue,i am not sure about that.

I don't think a lot of gambling sites have implemented segwit yet. Since this is pretty new, it will take sometime to adopt. Even if this was implemented last year, not all users have even used it yet. There are still a lot of users still using the same addresses that are non-segwit. I guess it will really take time before the whole community uses segwit.

Although, how fast are the transactions on segwit anyway? Will it really improve transaction speed and fees? I have yet to read on this.

If you do not have a Segwit address in your deposit screen then they do not have Segwit enabled yet. Plus you should know that Segwit is backwards compatible. You can make deposits to legacy wallets from your Segwit wallet and vice versa.


Again Segwit is backwards compatible. You can receive Bitcoins from legacy wallets to your Segwit wallet.

They would really make some changes or making another option because they wont able to sustain if they do make things longer talking about on the amount being charged up when players do withdrawing.Knowing that most gambling sites do offer free withdrawal which means it would really add up on expenses which would really minus on their profits.On gamblers side we would really think of on other alternative which would make less cost for us to transfer instead on spending it on fees we will think off to spend on gambling rather.

I think the answer to this question is the same as why some casinos are not using other coins apart from Bitcoin, despite the fact that sticking only to Bitcoin obviously means losing a lot of profits since not every gambler is eager to pay insane transaction fees. As I understand it, SegWit is not something which can be employed or activated by setting some variable or hitting a button. It evidently requires some amount of work done and a lot of testing thereafter. All these services may simply not have qualified personnel to do the job or they may be not willing to pay for it at all, thinking it is not worth it.

The only site I play on (Crypto-Games) already has segwit enabled, at least you can deposit using your segwit address.
I'm just waiting until they implement segwit addresses themselves, but they're working on it;

I only gamble using my signature campaign earnings as well, haven't changed my receiving address to segwit yet, but I will once CG supports it fully.

The High transactions fees has affected most gamblers and this your recommendation is very good for some of us the newbies in gambling. Bitcoin's transactions fees is one of the greatest problem bitcoin is facing today and I think gambling sites enable sigwith on there site is going to resolve this.

Another way to look at it: If you put in a large-ish amount up front and pay the fee, you can essentially re-invest your winnings (if you win) so that you can avoid paying the fees over and over again.

Of course, that is a big IF. And there is still the matter of "cashing out," even if that means moving your BTC around. Lots to think about when making these decisions.

I think I agree with this response. For the professional gamblers out there, the fee might be a "small price to pay" for some potentially big BTC gains from gambling.

I think the effect of the transaction fees depends on how much do you spend for gambling. Big time gamblers surely pays more than small time players. And of you are highly affected by these fees what more are those who play really huge amount of money. I guess it's nice if you will just play on those without fees to be paid off.

Well I am agree with you, the main business players in the bitcoin network should take some bold steps and work accordingly in order to implement the segwit. Just like others i am also getting frustrated whenever the transactions are unconfirmed  and got delayed even after paying high transaction fees.

This is a sad reality and that is what is giving altcoins some subsidy and leverage over Bitcoin. It is not the users' fault but more the fault of the wallet services like Blockchain.info, and other services that refuse to implement Segwit. Also do not forget some of those services were the signatories of the NYA, the same people who were demanding that something should be done to lower the fees and increase the block size.

But why are they NOT using Segwit?

Yes obviously, i am a small gambler and high transaction fees is really killing me. Everytime i want deposit on gambling site, the fees is really big and the fees even bigger than my deposit rofl. I hope some gambling sites start accepting altcoins on their site, so we can use another alternate coins to gambling.

Ya, that's true. Most casino do not use Segwit which makes it difficult for players. Another things is that these casinos whom have Segwit or is Segwit ready face the problem of having players whom have no information about Segwit or haven't used Segwit before. I think the best solution is to educate and encourage players  and casinos owners more about Segwit and it usefulness. This will lower the issue of high bitcoin transaction fee for depositing and withdrawing their coins.

Gambling with alts with lower transaction fees seems to be on the rise because no one want to pay $30 for transaction fees whiles they can hopefully use it make even more whiles gambling and because of that the gambling sites have started to accept those coins as well specifically BCH.

I do not currently have my btc in a wallet with segwit, so tx fees have been a pain unless I'm sending very large amounts.

We will not come back to fiat gambling, but gambling with alts can be next logical step. Fees are really high, I don't like to gamble with some big amounts, so when I wish to send 50-100 dollars that cost me almost half of that amount just to send that money. I'm thinking about changing my gambling habits, but before final decision I will give bitcoin more time to make this better. I'm familiar with some sites and I wouldn't like to change them for now reason, but this fees are really pain in the ass for many of us.

Ya it is so true that due to high fees and transaction confirmation delay is making to go back to fiat gambling sites or use altcoin for gambling.

Obviously everyone is effected by the high transaction fee. Earlier, the withdrawal fee was like $0.10 per transaction. Now it has climbed to somewhere between $15 and $30 per transaction. So even if you are lucky and have a few big wins, you will be less inclined to withdraw your funds.

Then help me campaign for Segwit around the forum. The plan is to make users, casinos, exchanges and others aware that Segwit can help reduce the fees and make our transactions quicker. Plus if a user is willing to wait for hours for his transaction to confirm, then he can lower the fees more.

Education and awareness is the only way we can overcome this. The technology to help mitigate the problem is already there. It is Segwit, the introduction to the Lightning Network.

As someone who deals alot with micro transactions, these fees right now at 12/15 $ are killing me. I dont have a large bankroll to start with and if i want to deposit some to gamble with them its slowly drilling inside my pockets, i somehow learned how to be patient and only deposit large amounts at the same time but i seriously cant keep up. We need to get a fix asap.

It's not really like this before, like last year. I guess the boom in bitcoin price aren't all about profit. Those that are earning btcs and gambling with btc are largely affected

I think everyone is affected by the high transaction fees as long as you are tinkering and dabbling on cryptocurreny. THe effect is that in every transaction that you made as long as there is bitcoin to start with you would have to pay these fees

Maybe that's because SegWit and Lightning Network are just bandaids to the problem. For Bitcoin to be a true currency, it needs a lot more than just going from 1 MB block size to 1.8 MB.  Maybe they just see that altcoins are handling the problem more robustly...

For anyone to start using new technologies like the Lightning Network and things like Schnorr signatures that help Bitcoin to scale, Segwit should be enabled first and foremost.

You can see this coming already by looking at what is going on now. The NYA signatories will continue to ignore Segwit, and all the other scaling solutions that come with it, and start accepting an altcoin instead. The question is "Why?".

I agree, I would say that I can't even move my coins around without using high fees which I do not want to do. I earn little bitcoins to be moving it around at this level of transaction fees. Also, nowadays the transaction accelerators are no longer working as now everybody that sends out a transaction uses the transaction accelerators hence those are clogged as well. I guess the only chance is we upgrade the bitcoin code again.

I'm a bit affected by high tx fees. i don't gamble frequently, so i'm fine! though we do need some solution for high tx fee and just segwit isn't gonna do, we also need lightning network or an alternative. but as you said we/casino/other sites/services need to start using segwit address, it's the first step.


What??

Yes, it affects, if it's too high I prefer to use another Crypto-Currency to gamble and to send transactions and I think other people do the same. It helps BTC network finish the many pending transactions it has, decreasing the fees next. So everyone can start using Bitcoins again paying the average fair fees that don't bother anyone. It's surely not a solution (to use another currency instead of Bitcoin), but until development advance on this area that is what can be done.

The days of bitcoin faucets being profitable or even worth the time are long gone I think.  I've never been a fan of them because the rewards are usually measly but requires a lot of time to keep clicking for claims.  Although it is worth noting that it's free and if one is patient with it over 6 months to a year, you might just be able collect a few thousand sats which in turn may be worth a considerable amount as the price of bitcoin keeps increasing.
To answer the question with a simple answer, I’d Say bitcoin faucets aren't useful now. Perhaps altcoins faucets might be a better bet.  

That is the same complaint by some users, mostly big blockers, and the biggest Bitcoin merchants and services, also known as the NYA signatories, had. They cried out loud to the Core developers to do something about the scaling issue.

Then 2 years of development and debate later, Segwit was finally activated in the network on block 481,824. But why are those big Bitcoin merchants and services, who cried out loud, started NOT to use Segwit but instead started accepting Bitcoin Cash?

No doubt it affect me as a gambler, but i am not a big gambler and not all the time i play gambling, even i avoid to do big bet that's why my fee transaction not affect me little bit.

Fees are a fixed, dead-weight loss. It may not seem like a lot, but if you convert them into a reduction in odds or payout, it really adds up. High fees also encourage larger, single transactions (as do slow transaction times).  Neither are good trends.

Firstly, i have faced some major looses back days due to high fees. For transactions of 50$ i have spent 25-30$ fees which is truely a huge loss. But the transactions were necessary which then kept me away from gambling. You have a good idea to ask the gambling site to have segwit to reduce the fees, but now the transaction fees are back to normal so we can start enjoying our profits back now.

Outrageous transaction fees throughout this month has definitely affected almost all gamblers. Firstly, sportbooks and casinos are charging a little too much for withdrawals with higher fees and smaller cashouts are almost impossible. Secondly, even is the fees is lowered, the withdrawal transaction is taking upto weeks to get a confirmation on the network which is a lot of time being wasted.

Since bitcoin fees have strated getting high and the transactions became slow, gambling for me has become difficult, because for me gambling on matchs is all about making dicesion and doing live betting, so it is all about timing, so since then i actualy quit gambling, because one time i sent transaction and i did not reach the betting site because it was slow and did not reach in time before the betting is closed, a bet that would have made me a lot of money if got it, and it is not just about us gamblers, many gambling sites such as directbet which was a very popualr bitcoin beting site has shut down because of the fees and the transaction time.

We all are passing through the same situation right now, there is nothing "new" with this situation

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Even when the fees were as low as $3 per transaction, everybody was complaining too, and now that they are $30 per TX, everybody is complaining harder than before.
This needs to be fixed, all those casinos who were accepting bitcoin in the past are  not going to be able to accept bitcoin anymore because of fees.

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Doge could probably solve all this crap.
With fees as low as $0.01 per transaction.

No body can denies that we are all affected by the high fees. But you better have some money around in case of emergency.
Or if you are addicted to gambling like it is my case you will need money always and gamling will be your only source.
Also in some gambling websites, if you win, you have to pay a part from the fees which is something really terrible.

Who isn't affected by high transaction fees?

Virtually all Bitcoin businesses worldwide, both online and retail are affected. The high fees make it impossible to do instant, cheap transactions like was always possible before...

If this trend continues, BTC will no longer be considered as a currency in my book. 

Yes ofcourse it matters a lot. Sending a new sum of money to gamble or withdrawing some profits from gamble requires us to pay a lot of fees. Things become worse for a small gambler who doesn't uses much funds as this uses a lot from the earned funds. High fees are affecting everybody including gamblers as well.
Its not about being a good trader. Fees are useless. I mean high fees are just useless moreover many gambling portals charge immense fees. There are just like a burning hole in your pocket.

Are you willing to pay for the high fees when you deposit again, or are you willing to have the gambling site take away a large amount in fees from your withdrawals to pay the miners?

You should create a Segwit enabled wallet now and ask your favorite gambling site to also enable Segwit.

Very negative it made me hold most of my transactions and outside the forum I have some real life transactions too in my local area. And instead of paying me in bitcoin I'm asking them to pay me through cash delivery or through PayPal.

No, I have some deposit remaining and I'm using it.

I am not and high fees do not concern me at all. A successful gambler should think more of how to come out in profit rather than noticing if the fees are somewhat higher. It is not the fees that are affecting our gambling sessions but the outcome of our bets. If you think the fees are high enough, deposit all your monthly bankroll at once and keep playing for a month. You will only pay fees once rather than adding deposits every week. There are a lot of workarounds for this point.

I agree though altcoins are a great alternative which casinos should start thinking about.

Of course that matters a lot. Not just in gambling but also i trading when you transfer funds to and from exchanges. You're gambling because most likely you want easy money. Its a pain if whatever you.won will just get eaten up mostly by fees right?

We all are and there is no questions about it, not just transaction fees, confirmations time is also can be a mood killer. I think if someone doesn`t fix that
soon bitcoin gambling will have a problem, many people already use other altcoins for gambling cause of cheaper fees and faster confirmation time, and to be clear other altcoins also grow and their prices are rising.

yes, I am affected by it to the fact that not many gambling sites have low amount free withdrawal anymore. If its free, then the min withdrawal limit has raised and its almost impossible to gamble with small amounts such as 0.001 BTC as those transactions will take a lifetime to get confirmed and to start gambling on it.

this is really have bad impact for me and before transactions fees went crazy actually i'm a fans of blockchain wallet but seems i have to think twice to use them again as the fees was very expensive now even to send $30 i have to pay $25 as the fees and this is really not worth for me but if OP suggest with change my main wallet can reduce the fees then from now on i think change my wallet seems mandatory

Yeah it does affect my profits I'm starting to use alt coins instead and then just converting it back to btc. In a way it's limiting any btc losses.

Definitely every one is effected but then on the other hand I don't mind till my privacy is protected, plus the comfort to play from home. Then there is always added benefit that when I cashout the prices have already increased so that's cherry on the cake.

I am confused how did you say segwit can be implemented as segwit2x is not yet ready, how did you do it in electrum wallet. I am waiting to cashout segwit2x in electrum and gamble lol.

I am mostly affected by the high bitcoin price rather than the fees. the high price meant for me to gamble less and less because I have the fear of losing in gambling

but whenever I do make a deposit in a gambling site to gamble I pay a lower fee since I am in no rush for it to confirm so that I can play and these past days that fees were huge I never made any kind of transaction whatsoever to prevent the headache of being stuck.

as for SegWit it is a very good idea. a lot of transaction on bitcoin blockchain belong to these gambling site, if we can get most of them to implement SegWit then things will improve a lot. I am going to send some Emails right now to places where I use.

Of course, there are a lot of things affected by the high transaction fees of the bitcoin network. Knowing that you could use altcoins to transact and see the different amounts and value of it, it is definitely one of the downsides in using bitcoin for deposit and transaction. Hopefully, minimizing the number of transaction fees should be done as soon as possible.

They are well educated with the segwit but the thing is some companies are delaying it for some unknown reason, ever since the group has been split up delaying a good technology to be implemented only take its toll among user of bitcoin and devs have stupid pride among themselves.

It is very sad to see that some, or maybe many of you have made the switch in using altcoins. But I do not blame you.

But what I am angry about is the lack of education about Segwit, and the lack of implementation from the Bitcoin merchants. Segwit can take the network to 8000 transactions per block, enough to keep the mempool backlog down.

Help me campaign for Segwit.

Of course everyone who uses Bitcoin as a means of transaction will be affected by Bitcoin fees, including gamblers. For me, people who want to do deals, in this case the gambler, then they will think twice to transact. Usually people will think to transact in bulk at once rather than bit by bit. People will prefer to transact in bulk than send in stages. For example, like people who deposit money to gambling sites, people who pull profit from gambling sites, and people who pay gambling sites. Or it may be the cost of servers, developers, websites, and everything will be paid at once rather than staged.

A lot of gamblers are affected by bitcoin as the main currency for betting for it has a very high transaction fees nowadays, even we bet or claim for little as 10k satoshi, the tx fee is almost half of that. So for the best option , altcoin is the better alternative currency to use for it has a very low tx fee.

Agree, Lack of Segwit adaptation is what makes Bitcoin transaction fees expensive and the confirmation times longer. Personally, I immediately deposit to others altcoins like Ethereum or Litecoin when I want to gamble.

Personally, I am not affected because I don’t use bitcoin in gambling but I think those people who use bitcoin is gambling is really affected by this problem. For sure they’re switching now to altcoins and be back after this problem fixed or they realized that using bitcoin in gambling is really not good.

Yes, I never thought I will say this but I switched to alts.
I recently sent some money to exchange and I payed 100$ fees, i can't imagine paying so high fees for gambling.
Other option would be to send transaction with small fees and wait for couple a days..or using accelerators...

That's is really annoying, I can't transfer BTC from my Exodus wallet because the fees have risen to over 20-30% 

this is another thing i wasn't considering at start but right now transaction fees are very high, i guess the best way to gamble now is with altcoins or by depositing a good amount of coins once to not keep paying fees every small deposit.

Altcoin is really the best alternative to fulfill your gambling desires because it has a low transaction fees and also faster than the bitcoin right now but still now it is only few that is accepting altcoin as a bet in gambling mostly now is really bitcoin but it is getting increasing. As a gambler but not really into gambling and not addicted to it but used to play sometimes i do really affected with the big fees because everytime you play is mostly of your bet is going to the fee, your betting money will get less because of fees and also your profit is getting lesser because of the fees.

I think for gambler that use bitcoin as the bet is really affected because of the fees too high but for me, I don't use bitcoin as for bet so I don't think that the fees affected to me. I like to use altcoin to place a bet because the fee is not too high and I can buy a big amount to place a bet on the games.

I will not be affected by large transactions, or small transactions. Because I do not gamble online, and never use bitcoin when betting.

Yes its hurting me to gamble because my funds at stock out of nowhere if i send a low fee but i pay with high fee it will double the amount of money i want to play, im not a big time gambler that spend a lot of bitcoin per transaction and not affected with the high fees.

The fees are slightly affecting me it reduces my total profit/bankroll by a small percentage(2%-5% depending on how much bitcoin I want to gamble). Some casinos that I use don't charge for fees which is nice but I only withdraw my funds once or twice if i'm lucky to double my money. If the fees won't stop increasing I have no choice but to use altcoin.

I asked the same question for the Bitcoin casino representatives here, https://bitcointalksearch.org/topic/a-q-for-bitcoin-casino-reps-are-your-profits-affected-by-high-transaction-fees-2595617

But I did not get many, or any, answers from them. Hahaha. Maybe they do not want to admit it, but of course it affects them and most importantly also you!

First I want to get some feed back from you, the users. How negatively affected are you by the high fees in the Bitcoin network? Does it make you stop gambling?

The good news is there is a solution for that problem. It is using Segwit! Let us campaign and start asking our favorite gambling sites to have Segwit enabled and implemented.

For the users, my advice would be to stop using Blockchain.info and replace it with GreenAddress.it. If you are using a mobile wallet, use Samourai. If you want to make a Segwit enabled wallet in Electrum with the standard "3 addresses" then follow these steps


Easy! Tell your friends to do the same.