Are you using low fees? - page 11. | Bitcointalksearch.org

Ekanenf

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Quote from: Flodemaga on June 08, 2017, 06:51:46 AM

Well im not using big fees at all, all my transactions has been made with 50-65k satoshis those are taking a few more hours then the usual time when there werent the delays at the blockchain, since im not in rush to get and make the transactions i can wait, but doesnt make sense to pay a premium fee to make my transactions.

It is the second to the highest of the transaction fee if I'm not wrong, because the transaction fee is depends on the wallet that you are using. I'm using Electrum wallet and the transaction fee that I'm paying is 0.002 if I'm not wrong, and if you are paying high amount of transaction fee, then expect that you are going to have fast transaction, that is why I'd prefer to pay high than the other way around just to have convenient transaction.

Wipro

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Quote from: malami on June 08, 2017, 07:08:47 AM

For me it depends what I do, if I'm sending a small amount then I use low fees, if I'm sending a large amount I tend to use higher fees.

It obviously depends more than just on the raw amount, some purchases are time sensitive so it really depends on what I intend to do with that money but I'm not wasteful so unless I need it fast I use lower fees.

Default minimum network fees for the transaction has been increased to 0.0009 btc for a each transaction in online wallets such as Coinbase, block chain and etc... Even localbitcoins wallet transaction fees has been increased.
Now, I move to mycelium for making transaction rapidly and for saving I am using block chain wallet.

erickkyut

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I'm using transactions with low fees only and mostly with NO fees. In my own experience on my online wallet, even with no fees, the transactions will only need half a day to be successful. I'm not in a hurry anyway. But I think it still depends n the urgency of need. If I urgently need to send the bitcoin, I wouldn't mind even if I will pay a high fee on a reasonable price.

malami

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For me it depends what I do, if I'm sending a small amount then I use low fees, if I'm sending a large amount I tend to use higher fees.

It obviously depends more than just on the raw amount, some purchases are time sensitive so it really depends on what I intend to do with that money but I'm not wasteful so unless I need it fast I use lower fees.

shield132

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You have to use high fees or your transaction won't get confirmations or there is another chanse, you need to have access on f2pool's or other pool's transaction accelerator or have to be a big miner or so luckier to add transaction in viabtc which is very difficult now because it's already limited instantly.
Fees are low only when you send high amount of bitcoins, on another hand currently low fees are words what wr know from past.

GreenBits

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Quote from: slaman29 on June 08, 2017, 01:16:52 AM

Quote from: stripykitteh on June 07, 2017, 11:15:23 PM

Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

I am pretty sure that it depends on how fast the person needs the money by because spending a more than a couple of dollars just so another person can get the money is not really a smart thing to do if the person can wait for it. I would spend less than a dollar for the transaction and the transaction would get confirmed within twenty four hours and I don’t have to worry on someone not receiving the money in time.

To be honest, have to agree that 4% fee for that amount of money is very expensive for 1.5 hours! Western Union and Paypal get it there in a minute for almost the same fee, actually, less... I don't mind 24 hours or even 72 hours when I get payment. But it's too bad some sites have expiry on deposit time.

Yezzir. It's cool to send a snail fee when I'm moving money between wallets, but if I have to pay a time sensitive address nowadays, I'm too scared not to max out the fees; the risk of having it confirm too late, and the PITA that is trying to explain to support what happened to your bitcoin payment Wink

same with moving money between exchanges, now a days I'm pretty much gonna convert it to Doge or LTC, just to ensure timely receipt (let me tell you about another PITA, watching the price sink while waiting for confirmations at an exchange Wink

)

Flodemaga

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Well im not using big fees at all, all my transactions has been made with 50-65k satoshis those are taking a few more hours then the usual time when there werent the delays at the blockchain, since im not in rush to get and make the transactions i can wait, but doesnt make sense to pay a premium fee to make my transactions.

slaman29

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Quote from: stripykitteh on June 07, 2017, 11:15:23 PM

Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

I am pretty sure that it depends on how fast the person needs the money by because spending a more than a couple of dollars just so another person can get the money is not really a smart thing to do if the person can wait for it. I would spend less than a dollar for the transaction and the transaction would get confirmed within twenty four hours and I don’t have to worry on someone not receiving the money in time.

To be honest, have to agree that 4% fee for that amount of money is very expensive for 1.5 hours! Western Union and Paypal get it there in a minute for almost the same fee, actually, less... I don't mind 24 hours or even 72 hours when I get payment. But it's too bad some sites have expiry on deposit time.

nmaryrai

sr. member

Activity: 490

Merit: 250

I always use high transaction fee, to be quickly confirmed to my bitcoin wallet. Because now these unconfirmed transactions on blockchain are still around 50k tx.

mace15

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This is really the problem of blockchain transactions with using high fees or low fees. Whatever users will be use hope this will resolved or revised soonest. Or maybe there is another wallet to be use that offer nice system.

madwica

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Quote from: mrjoy15 on June 08, 2017, 12:51:04 AM

Quote from: Shenzou on June 07, 2017, 03:08:02 PM

Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

honsastly i think there is no point in paying high fees, you should only pay fees if you really need your transaction to get faster otherwise you are wasting your money, because reight now everyone is paying fees which means all transactions have the same priority so it is going to take the same time for them to preocess it as if we did pay regural fees

Bitcoin transaction fees mainly on blockchain are a big problem in the ecosystem right now. Things only get worse when a wallet recommends paying $8 or more. We should discover another bitcoin wallet instead of bockchain. One of the best features that allows multiple sends at once, most of ppl use this wallet but they was removed it.

Because blockchain is the one wallet who confirms lots of transactions, and this previous month they do not predict that the value of bitcoin would increase like a skyrocket then more users starting to exchange their coin to fiat or other is transferring their fund in their wallet then the bulk of transaction may be pending or uncomfirmed.

Mapagmahal

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No, I always use high fees whenever i do transaction. I don't want to wait for a long hours to confirm. If i need my money i will be able to get my money in time.

mrjoy15

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Quote from: Shenzou on June 07, 2017, 03:08:02 PM

Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

honsastly i think there is no point in paying high fees, you should only pay fees if you really need your transaction to get faster otherwise you are wasting your money, because reight now everyone is paying fees which means all transactions have the same priority so it is going to take the same time for them to preocess it as if we did pay regural fees

Bitcoin transaction fees mainly on blockchain are a big problem in the ecosystem right now. Things only get worse when a wallet recommends paying $8 or more. We should discover another bitcoin wallet instead of bockchain. One of the best features that allows multiple sends at once, most of ppl use this wallet but they was removed it.

KennyR

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Quote from: the rise on June 08, 2017, 12:36:30 AM

Quote from: equator on June 07, 2017, 04:27:28 PM

Yesterday i sent the bitcoins with 100 sat / kb transaction and used viabtc accelerator and withing some time my transaction got confirmed so it is clear that if you use this way then you dont have to pay high transaction fees.

I do not even care about the transaction fee, I keep using standard fees and wait for confirmation in no hurry. As long as the transaction is not void and still processed smoothly no problem. But thanks for you because I found out new about this btc accelerator.

Transaction accelerator service began during the past price jump which caused a big number of around 90000 transactions getting stuck to the network. As mentioned I too prefer the fee structured by the wallet, so that no need to worry about confirmation and other issues. It gets confirmed at the right time.

imeetup

newbie

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I always go with the 'high' fee to make sure the transactions gets confirmed on the chain fast. I don't like having to potentially wait for weeks like some do when using really low fees. BTC isn't suitable to move very small amounts around, the fees would just be brutal, so when I do move BTC it is usually a fair amount.

the rise

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Quote from: equator on June 07, 2017, 04:27:28 PM

Yesterday i sent the bitcoins with 100 sat / kb transaction and used viabtc accelerator and withing some time my transaction got confirmed so it is clear that if you use this way then you dont have to pay high transaction fees.

I do not even care about the transaction fee, I keep using standard fees and wait for confirmation in no hurry. As long as the transaction is not void and still processed smoothly no problem. But thanks for you because I found out new about this btc accelerator.

stripykitteh

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Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

I am pretty sure that it depends on how fast the person needs the money by because spending a more than a couple of dollars just so another person can get the money is not really a smart thing to do if the person can wait for it. I would spend less than a dollar for the transaction and the transaction would get confirmed within twenty four hours and I don’t have to worry on someone not receiving the money in time.

asdalani

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Quote from: Script3d on June 07, 2017, 01:28:28 AM

me i dont use low fees anymore because it has likely no chance of confirming i tried to use it before like 60 satoshis per byte and never got confirmed after 2 days it only got confirmed by using viabtc transaction accelerator , if you want cheap and fast transaction check this website it will show what fee is the fastest and cheapest https://bitcoinfees.21.co/

Oh. I use Bitcoin with low fees and I don’t have any issues with it. I think that the people that use high transaction fees don’t really know how to use Bitcoin because the people sending the coin should not have to spend over a dollar for an amount that is less than a dollar. Transactions should only be $0.20 or so, I don’t spend Bitcoin that much so I don’t really know why people need the money within 2 minutes.

equator

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Yesterday i sent the bitcoins with 100 sat / kb transaction and used viabtc accelerator and withing some time my transaction got confirmed so it is clear that if you use this way then you dont have to pay high transaction fees.

Shenzou

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Activity: 1414

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Quote from: sunsilk on June 07, 2017, 02:58:34 PM

Quote from: InvestorCol on June 07, 2017, 02:03:51 PM

Blockchain.info wallet implemented "priority" and "regular" fee. Last night I sent $200 worth with $8 fee and it got confirmed in 1.5 hrs.

Do you think it's fair with the transaction you did with them? $8 fee is a very big amount and 1.5 hours isn't that fast with that fee.

I will guess that it is a priority fee, I've been using blockchain.info with their regular and recommended fee.

I haven't tried to adjust the fees and there's no problem to me, it's not even getting delayed for so many hours just like others are complaining.

honsastly i think there is no point in paying high fees, you should only pay fees if you really need your transaction to get faster otherwise you are wasting your money, because reight now everyone is paying fees which means all transactions have the same priority so it is going to take the same time for them to preocess it as if we did pay regural fees

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