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Topic: Almost a $15 fee for a $29 transaction! - page 2. (Read 595 times)

hero member
Activity: 1050
Merit: 529
November 12, 2017, 09:35:57 PM
#4
Just saw that the recommended normal fees on Mycelium is 800 sat/byte! That brings an normal tx fees to $10~15! I have never seen so much fees. Considering how much time it was taking to get confirmed in past few days, I doubt even this much fees is going to gaureentee confirmation within an hour or so.
copper member
Activity: 56
Merit: 0
November 12, 2017, 09:29:22 PM
#3
No kidding! 

I had 3 transactions stuck in the network.  I use Mycelium, and I hit the "bump fee" button just to see how much it would take:  $42 they wanted to bump the fee, and there's no way to customize it!

Luckily two of those transactions went through, finally.  The 3rd one I suspect is going to take another day at least.  As I wrote in another thread, one of the three was a purchase that won't get shipped until they get one confirmation.  This is why bitcoin generally sucks as a currency.  Still love it as an investment, though. 

I hate selling bitcoin or buying stuff with it.  It leaves me with a cold, empty feeling inside that I detest.

Is there even a guarantee the bump fee would push it through that much faster? Holy crap! Times like these where you don't want to move it at all
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
November 12, 2017, 09:26:33 PM
#2
No kidding! 

I had 3 transactions stuck in the network.  I use Mycelium, and I hit the "bump fee" button just to see how much it would take:  $42 they wanted to bump the fee, and there's no way to customize it!

Luckily two of those transactions went through, finally.  The 3rd one I suspect is going to take another day at least.  As I wrote in another thread, one of the three was a purchase that won't get shipped until they get one confirmation.  This is why bitcoin generally sucks as a currency.  Still love it as an investment, though. 

I hate selling bitcoin or buying stuff with it.  It leaves me with a cold, empty feeling inside that I detest.
copper member
Activity: 56
Merit: 0
November 12, 2017, 09:22:44 PM
#1
I realize why the fees are currently so high, but curious as to what sort of transaction with this high of a fee would normally be covering? .1BTC, or more?

For those not wanting to look below, its a .005BTC transaction with a fee of .00224835BTC

https://imgur.com/3Ywi4EM
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