Topic: Are you using low fees? - page 3. (Read 13460 times)
For me those fees not matter because i want to support bitcoin and also developers. When i want fast transaction i'm agreeing on expencive fees cause i have no time for queue.
I do not mind paying BTC 0001-0.002 when I need a quick transaction,
Let's look at this way: buy genuine or virtual goods and pay transaction fees that support bitcoin economy.
Let's look at this way: buy genuine or virtual goods and pay transaction fees that support bitcoin economy.
This is just pure greed.
Fee per byte 5.997 sat/B
Really? Probably they did it thinking that 4 days ago the mempool was empty but it is no longer the case.
So they took a 50850 fee from you and only paid 23124 for all the transactions?
Unfortunately nothing you can do but wait and hope some miner will have mercy.
Fee per byte 5.997 sat/B
Really? Probably they did it thinking that 4 days ago the mempool was empty but it is no longer the case.
So they took a 50850 fee from you and only paid 23124 for all the transactions?
Unfortunately nothing you can do but wait and hope some miner will have mercy.
I closed out one of my NiceHash bitcoin addresses and mined just a little over 0.01 BTC to trigger a payout, which took place yesterday as follows:
So now after ~ 30 hours, the transactions still hasn't been confirmed and I see this when I click on the TXID:
https://blockchain.info/en/tx/c90be391a3786c87eba349ecf532ac5be798143ebc8519b024ff41324edefa6b
So just wait a few more days I guess?
So now after ~ 30 hours, the transactions still hasn't been confirmed and I see this when I click on the TXID:
https://blockchain.info/en/tx/c90be391a3786c87eba349ecf532ac5be798143ebc8519b024ff41324edefa6b
So just wait a few more days I guess?
Yes i still use low fees because i have no choice. The lowest rate of my low fee is 0.002 BTC even if i am sending 0.002 the fee is 0.002 but i don't send if i will be sending only 0.002 so i wait for a large amount of trade before sending Bitcoin because 0.002 as a low fee is already hurting me. I do wonder why fees keeps going up. I am having a hard time to run my online shop with that amount of fee.
If the fees are hurting your deposits and withdraws then you should really rethink your business model.
Right now if you have an online shop you're far better with somebody else managing the payments and transfers like bitpay.
But I somehow doubt you have all the paperwork in order or you would have already gone for this solution
))
Yes i still use low fees because i have no choice. The lowest rate of my low fee is 0.002 BTC even if i am sending 0.002 the fee is 0.002 but i don't send if i will be sending only 0.002 so i wait for a large amount of trade before sending Bitcoin because 0.002 as a low fee is already hurting me. I do wonder why fees keeps going up. I am having a hard time to run my online shop with that amount of fee.
I alternate between low and average transaction costs this depends on the urgency of the transaction.
I would also like to add that if you always use low cost it can take weeks to arrive.
I would also like to add that if you always use low cost it can take weeks to arrive.
I usually use a fee of approximately 0.0005 (or 50k satoshis). It only costs 1$ and gets confirmed in a couple of hours or even sooner. I don't usually move my money around a lot so for me the high fees don't really affect me that much.
Sometimes, if I send small amount or under 0,05 btc, of course I will select for small fees, usually take more than 3 days will receive. I use XAPO wallet, and if I send more than 0,05 btc I am not use low fees.
Low fees is not practical anymore because if you want to save some bitcoin or money and if you will choose low fees then you can say goodbye to your money because it will not get confirmed because of the low fees or it will take a lot of days or weeks before the miners confirm it because they prioritize transaction that has a higher fees so they can get more profits.
i am not using low fees because i understand that with low fees, a transaction will need longer to be confirmed and we need to be patience to see the balance is show in our account. at least we need to use up to 0.0005 btc for the fees and if we want to see fast confirmed, we can use 0.001 btc for the fees. for myself, i always use more than 0.0005 btc for the fees and sometimes i used 0.001 to send a big transactions, and the confirmations is not take more than 1 hours.
Low fees is not practical anymore because if you want to save some bitcoin or money and if you will choose low fees then you can say goodbye to your money because it will not get confirmed because of the low fees or it will take a lot of days or weeks before the miners confirm it because they prioritize transaction that has a higher fees so they can get more profits.
Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing
talk about stealing
This is ridiculous. What do you do? Do you proceed?
If yes can you share the tx id here? It's hard to believe and that is just a minimum. So how much more for priority?
Yes i am using low fees, It take my transaction days to be completed completely, For me it is ok because i only need 1 confirmation to get my deposit when i am depositing to other site so no need for my transaction to be 100% completed and it save me so much transaction fee by using low fees.
There are no low fees will be acceptable in these days we know that the bitcoin network bloated and the fees are so high. Even the chart on bitcoin21fees says that the fastest and cheap fees for the transaction is 390byte/sat and in this time it will equal with almost 10 dollars. and it looks strange in my opinion. There is no micro-transaction for bitcoin again.
Sometimes I used low fees because the fees as of now its very high. Compared to the previous fee is very low I think the fee is only 20 k satoshi but now look the fee is very high the amount you send if high the fee is also high. But sometimes I used also high fees when I need my bitcoin and i want to confirmed fast my transaction. But even the fees is hifh thetransaction sometimes is low also I dont know why.
Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing
talk about stealing
This is ridiculous. What do you do? Do you proceed?
If yes can you share the tx id here? It's hard to believe and that is just a minimum. So how much more for priority?
Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing
talk about stealing
That's bs.
Sorry to say it but it is BS.
Either you have more than 100 inputs or outputs or this story is just fake.
I've never heard of such a fee till know.
And the funny part.
Block.io provides zero fee transactions for users, developers, and merchants. However, we do not deal in money.
What happened to this?
everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?
Stop using a 3rd art. It defeats the point of using bitcoin.
Never do I use low fees because all my transactions are really important that I can risk myself on chance to losse mt Bitcoin
If your transaction does not confirm then your transaction has nowhere to go but back to your wallet, you are not going to lose your bitcoin, think about this as if you are sending a letter, if you send a letter without stamps, the letter is going to go back to you because it did not have stamps, bitcoin is the same if you send a transaction with low fees, the transactions is not going to go anywhere because of lack of fees. legendary
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Block.io just quoted me .0492840 btc as a minimum network fee that's 123.90 USD
talk about stealing
It's most probably because the input and output in your transaction are rather many that cause the transaction to have an overwhelmingly high size, though, that's still not an excuse of how the fee is ridiculously high that it far surpasses any other similar services out there that offer more benefits.talk about stealing
Talking about the confirmation and the efficient way, better to use someone else's service to include your transaction into a block by paying some amount of BTC which is smaller than what quoted by block.io
everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?
contact support? if you have private keys then you can import them to another wallet that does let you control your fees. if you don't have them then you're at their mercy.
if you're talking about an exchange then use an alt to move your funds and you can convert back somewhere else.
everytime while I can I use low fees, but if you're using a site that doesn't have low fees, only high, what to do then?
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