Are you using low fees? - page 20. | Bitcointalksearch.org

cluit

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Quote from: mrfreezeh on June 03, 2017, 11:39:59 PM

Three months ago, I only need 50 satoshi/kb for make make transactions and it confirm very fast! But now, I need spend 250 sat/kb if I want my transaction confirm fast and this is a big fee for me because the price Bitcoin now very hight

Yes, you should be careful in selecting the transcation fee as a too low fee will make your confirmation waiting for months and its no use.

Netnox

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Quote from: hasiramasenju on June 04, 2017, 12:07:13 AM

several month ago with only 70 satoshi/kb my transactions was confirmed only few hours but today is different that we have to set the higher fees to reach fast confirmations and today i decide to added more fees at least to 280 satoshi/kb because it necessary to get fast confirmations

Two days back, my transactions also got confirmed very quickly, although I paid a fee far lower than what was suggested by bitcoinfees.21.co. If I remember it correctly, I paid around 100 Sat/byte. The online calculator was suggesting somewhere around 260 Sat/byte.

That said, it is now getting very difficult to do small-value transactions. I paid BTC0.0002 fee for transferring BTC0.001 from one of my wallets. That corresponds to close to 20% fee.

CryptoBry

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Here in the Philippines, we have no big problem in transferring Bitcoin except if we use maybe Blockchain or Coinbase wallets. We have our coins.ph and similar sites and they are doing good job but coins.ph now is starting to charge us service fee and we are given three choices and I just usually choose the slow one which is actually not really so slow...we are not complaining on speed but we are somewhat shocked of the fee because in the past this is shouldered by coins.ph itself but not anymore.

Amph

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i almost never use the recommended fee, too expensive, unless i have to send an important transaction, that i need the confirmation to happen fast without delay

but usually i choose 50% of the needed fee, i find it a good comprise and it's often confirmed relatively quickly, it appear also that some pool are confirming low fee transaction, check the mining forum...

hasiramasenju

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several month ago with only 70 satoshi/kb my transactions was confirmed only few hours but today is different that we have to set the higher fees to reach fast confirmations and today i decide to added more fees at least to 280 satoshi/kb because it necessary to get fast confirmations

AicecreaME

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Quote from: mrfreezeh on June 03, 2017, 11:39:59 PM

Three months ago, I only need 50 satoshi/kb for make make transactions and it confirm very fast! But now, I need spend 250 sat/kb if I want my transaction confirm fast and this is a big fee for me because the price Bitcoin now very hight

Of course the transaction fees will get higher because the demand of bitcoin is getting higher every year, that is why obviously the miners will make the transaction fees high so that they will also get some profits. Most of us says it is not fair, how come? we are all getting benefited by bitcoin here in this crypto world, and if you don't want to be bother by this transaction fee, then simply just don't pay it and don't expect to receive your bitcoin, or wait for a longer time to receive your bitcoins.

The only problem here is those people who are earning bitcoin through faucets and acting like almighty about this thing, then just simply change your way on how to earn bitcoin, problem solved.

mrfreezeh

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Three months ago, I only need 50 satoshi/kb for make make transactions and it confirm very fast! But now, I need spend 250 sat/kb if I want my transaction confirm fast and this is a big fee for me because the price Bitcoin now very hight

pooya87

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you need to do some analyzing on the mempool sometimes. i have had some 100 satoshi/byte fee transactions in the past few days which have been confirmed in less than 5 minutes!
as i have said multiple times, the big number you see in the mempool (60K, 90K) are mostly spam attack not real transactions which means most of them have pretty low fees.

voltesbit777

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

Most of the time to those community who use low fees the confirmation is always delayed before
it transfer to the wallet, Where we want to put in. So In my part I'm not using low fees because my experience was it takes 3 days before it confirms.

TastyChillySauce00

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Quote from: sobsitesearch on June 03, 2017, 09:50:29 PM

Quote from: cpfreeplz on June 03, 2017, 09:46:37 PM

If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.

Most of the users are using low fee for sending fund, we do not like to pay for higher fee because we know that there is a traffic in the blockchain even low fees or higher fees it depends on the wallet you are using.

That's bullshit and you're really wrong. The type of wallet doesn't AFFECT the speed of a transaction. It's all the fee which always be the factor of how fast a transaction could be confirmed. Rest assured, when you're using low fee and far below the current recommendation, it doesn't matter whether your wallet is premium or platinum, your transaction will have a big possibilities to be rejected by the network.

SingAlong

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I really depends on how badly I need that Bitcoin. If it can wait then I'll for the lower fees but if I need it really then I'll go for the higher fees. The thing is if you use high fees you should take advantage of it not by sending small amounts but large ones. Think of how much money you need to send overall so you will not be repeating sending again if you can just send it in one go. The unconfirmed transactions in the blockchain is declining and I hope this will continue and Bitcoin to come back from what it was.

sobsitesearch

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Quote from: cpfreeplz on June 03, 2017, 09:46:37 PM

If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.

Most of the users are using low fee for sending fund, we do not like to pay for higher fee because we know that there is a traffic in the blockchain even low fees or higher fees it depends on the wallet you are using.

cpfreeplz

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If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.

Kupid002

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Quote from: jeraldskie11 on June 03, 2017, 09:06:59 PM

Honestly,I'm not using low fees because I need money in that time when I withdraw on it or I need used it for a very short time when I deposit on it. So it depends on the situation when you are using low fees or normal fees on the transaction you made.

Same as me I use medium fee so i will recieve it not fast but i will not wait for a week before it will confirm. The OP suggestions is good just to stock some btc in your wallet before you will use it so your not in a rush when the time you need it.

Lecam

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

Like you, I used to pay nothing or "free" when sending btc, i dont send low amount of btc which really need to pay transaction fee when doing low amount transactions. And sometimes i used to convert it first at fiat then send it to other people as payment. I prefer to wait than pay large amount of btc as transaction fee, i feel that im wasting my money on that, but sometimes if im in a rush, i only think about it as tax on my income.

jeraldskie11

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Honestly,I'm not using low fees because I need money in that time when I withdraw on it or I need used it for a very short time when I deposit on it. So it depends on the situation when you are using low fees or normal fees on the transaction you made.

stomachgrowls

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

Depending on the situation because there are transactions which do really need it to confirm fast specially on my important transactions which i do need to set medium-high fees but there are times i do really set low fees and same as yours i dont mind if it would confirm long because those bitcoins are solely for saving for future as long im sure it wont be cancelled then it should be fine. Fees now are really horrible when you do really like to fasten it up.

DarkStar_

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Quote from: Amadues on June 03, 2017, 05:39:58 PM

Few hours ago i need to exchange my bitcoins to fiat money.First i send with low fee(3000 satoshi for byte).Now it got stucked in blockchain. I am going to make second other transaction which will be CPFP (child pays for parent) method.This time i will send bitcoins with 30000 satoshis per byte for transaction Undecided

I'm pretty sure you mean 3k satoshi/kb, as 3k satoshis for every byte is hardly considered a low fee. Your CPFP attempt probably won't work that well as 30k satoshis/kb is still quite low and you'd need another CPFP payment if you expect it to go through. Currently, the recommened fee according to bitcoinfees.21.co is around 90k satoshis/kb, which is triple your new transaction (which you expect to pay for 2 transactions).

CARrency

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Quote from: hatshepsut93 on June 03, 2017, 01:22:03 PM

Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

I think it depends on how the people will be using those bitcoins. If you are Campaign Manager and making a payment for your campaign, it is better if you follow the fee that will make your payment send faster, maybe .001 to .003. If that is just for yourself, just to transafer some coins, How you want to pay it, depends on you, but don't rant if you will be receiving it months to weeks.

Amadues

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Few hours ago i need to exchange my bitcoins to fiat money.First i send with low fee(3000 satoshi for byte).Now it got stucked in blockchain. I am going to make second other transaction which will be CPFP (child pays for parent) method.This time i will send bitcoins with 30000 satoshis per byte for transaction Undecided

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