Are you using low fees? - page 12. | Bitcointalksearch.org

sunsilk

hero member

Activity: 3038

Merit: 634

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.

InvestorCol

newbie

Activity: 17

Merit: 0

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.

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: virasog on June 05, 2017, 11:34:15 AM

Quote from: TrissMerigold on June 05, 2017, 08:01:26 AM

never used low fees , its risky i used this once and received my payment on 7 hours , ijm always use standard-high fees due its fast confirmation , i dont recommend if you use high fees for low amount transaction since its worthless.. Embarrassed

These days I think it would be crazy to use a fee lower than the standard, if not higher. Almost all TX's that I have incoming or outgoing I watch on blockcypher. It is an interesting approach the site has by giving the normal info and adding in the miner preference and a few more nice little points of data that are very cool. The more and more that people learn about Bitcoin, the more that I distrust a low fee too.

Yes exactly, I think one should use the standard fee to confirm a transaction as soon as possible. I have seen many people choosing the low fee and then wait for days and weeks to confirm their transactions. I personally like my transaction to confirm immediately or with in a less time so I prefer to choose high fee transaction. I guess almost all the transactions you made you have the option to pick for the fee of your choice and it is understood that who pays more will be preferred.

Fortunately many people are coming here in this forum to help us with unconfirmed transactions. I recently checked an offer which is dealing with antpool mining services which will confirmations regardless of how much transaction fees we will be including. It seems we may still go for lower fees too.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: ChronoLite on June 07, 2017, 11:48:33 AM

Quote from: batang_bitcoin on June 07, 2017, 12:44:10 AM

Usually I'm paying 0.0002 - .0007 BTC on blockchain.info and when I'm paying 0.0007 BTC it's being confirmed very fast. And know I tried to pay 0.0002 & 0.0003 BTC hours later it is still not yet confirmed.

Yes, that's useless if you use low fees but your transaction never get confirmed. You shouldn't think that's better to leave small fees to get quick confirmation. That's why you shouldn't receive dust transaction because you will need to pay big fees for that.

I don't have an idea if it's confirmed for almost 8 hours I've been waiting and finally it has confirmed. Well you will lose a lot and you will only pay for the transaction fee if you have smaller value of bitcoin to send. At this range of paying 128-153/sat is already good for me, since I can wait for hours before it can be confirmed.

ivanst776

legendary

Activity: 1540

Merit: 1003

Quote from: stompix on June 05, 2017, 10:32:04 AM

Quote from: ivanst776 on June 05, 2017, 04:50:32 AM

Why are the fees so high now, where there are only 50k unconfirmed transactions? The situation is not like before when we saw more than 200k transactions unconfirmed!

I just checked making a transaction in coinbase and they charge 0.0013 which is really a lot and i assume that is around 500+ satoshis per byte.

The number of unconfirmed transactions is irrelevant..
The only important things is the size and the fee they are paying.

You can have 200 000 tx with 1/2 inputs and you can have 50k with 40 inputs.. that would actually mean a 5 times longer queue.

I saw yesterday a block that was filled up with just 200 transactions
https://blockchain.info/en/block-index/1511664

And what really pissed me off was this:
https://blockchain.info/en/tx/6e36de5e895d4c48241b562c14381cc40311f4e436fa4cb75604f3954a88e837

Well at least it has paid ~4 USD in fees even though it is a large transaction size, but about coinbase usually the transaction size is very small as it is only 1 or 2 inputs so the size doesn't go more than 300-400 bytes.

But the fact that surprises me is that why they have increased so much the fees when there isn't needed nor we can decide how much can we put in fees (maybe this would make more trouble and more delays)

ChronoLite

sr. member

Activity: 840

Merit: 250

www.guestcrew.com

Quote from: batang_bitcoin on June 07, 2017, 12:44:10 AM

Usually I'm paying 0.0002 - .0007 BTC on blockchain.info and when I'm paying 0.0007 BTC it's being confirmed very fast. And know I tried to pay 0.0002 & 0.0003 BTC hours later it is still not yet confirmed.

Yes, that's useless if you use low fees but your transaction never get confirmed. You shouldn't think that's better to leave small fees to get quick confirmation. That's why you shouldn't receive dust transaction because you will need to pay big fees for that.

Script3d

hero member

Activity: 1232

Merit: 503

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/

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Raja_Salman on June 07, 2017, 12:29:19 AM

Is there anything that can help? Now the fee on the blockchain is very high even can penetrate 1 $ or more, anyone can give me a wallet safe and fee is not too expensive. 1 $ in my opinion is very expensive

Usually I'm paying 0.0002 - .0007 BTC on blockchain.info and when I'm paying 0.0007 BTC it's being confirmed very fast. And know I tried to pay 0.0002 & 0.0003 BTC hours later it is still not yet confirmed. Well miners are really choosing those higher fees and the amount depends on the price of bitcoin so it looks higher when converted to dollar. I can't suggest any wallet to you for now, I'm sticking with bc.

cindayou

newbie

Activity: 9

Merit: 0

I only use normal fee, no choice anymore, no one is free, I hope there will be a wallet with a small fee

Raja_Salman

sr. member

Activity: 511

Merit: 250

Is there anything that can help? Now the fee on the blockchain is very high even can penetrate 1 $ or more, anyone can give me a wallet safe and fee is not too expensive. 1 $ in my opinion is very expensive

Schuyler

hero member

Activity: 518

Merit: 500

I am using the regular fees right now since I am in no hurry to have my transaction confirmed. I don't mind waiting an hour or two if it just for small transactions, just as long as I don't overpay. But if I am in a rush, I would have to pay premium for my transaction to be prioritized, which means doubling (or even more) my transaction fees.

shine1123

sr. member

Activity: 490

Merit: 250

🤖UBEX.COM 🤖

I'm not using low fees anymore because blockchain confirmed is really long to get confirmed. That's why i use the minimum fee at least 0.0005-0.001 to get fast confirmation. If you use lower fee such 0.0003 your transaction will not get confirmation fast.

tittensor

sr. member

Activity: 443

Merit: 250

Quote from: lighpulsar07 on June 06, 2017, 07:38:48 PM

yes i made a transaction and made a fee of 70 satoshi per byte few days ago and it confirmed after 5 hours. i usually pay 250 satoshi per byte fee because before, the recommended fee is 220-250 satoshi per byte but now its 480 i'd rather wait for hours than to pay a huge fee.

If you use Electrum or Wallet have recomend and default fee, you should use it, from 200 sat/byte and max 500 sat/byte if use Electrum Wink

MingLee

hero member

Activity: 490

Merit: 520

I'm just moving my Bitcoin with about-normal fees per byte right now, maybe a bit on the lower side but I don't set it so low as to require more than 6 hours for the first confirmation. If I really cared about the fees that I was spending changes are I would have started to care a long time ago, not just right about now. That might come back to bite me in the ass sometime soon. I hope that it won't.

dwtan

newbie

Activity: 11

Merit: 0

I will use normal fees as I would like to receive my bitcoin asap.

ChronoLite

sr. member

Activity: 840

Merit: 250

www.guestcrew.com

I think even you use low fees but getting slow transaction and yes that's useless, i'd rather to use dynamic fees and add my own fees to maximize my transaction because for me that's okay to add few satoshi to push your transaction.

arcanayou

member

Activity: 150

Merit: 10

Of course everybody wants a low fee for each transaction, even for rich people who have lots of bitcoinpun it is necessary. Unfortunately there is no free fee from conbase, I used to use coinbase for transactions but now no, even now the fee is quite big compared to other bitcoin wallet, so I menyimpanya in poloniex, in addition to its trading fee is quite small

rainingbitcoins

sr. member

Activity: 728

Merit: 252

SmartFi - EARN, LEND & TRADE

I am using electrum wallet so there is an option of adding higher fees so generally I prefer to add higher fees so that my transactions should get confirmed fast as I cannot afford to wait longer especially in case of emergency.

Sir Legend

sr. member

Activity: 1792

Merit: 255

Yes, I use XAPO wallet to send bitcoin, I always use low fees because if I use priority fees need more than 200k satosi, and for me is very expensive. If I send more than 0,1 btc I use high fees. I hope cost fees can degrease because bitcoin must better than bank transfer.

jonosutio

full member

Activity: 168

Merit: 100

I am happy to use the low cost but good service that is expected by everyone orang.dan now I use the stock as my wallet is.

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