Topic: Bitcoin Fee to where? (Read 169 times)
For a smaller transactions I prefer altcoins, but for a larger amounts I chose bitcoin because now a days bitcoin is a mess due to the high fee.
If only everyone stop crying about the fees and actually send an email to the exchanges they're using requesting them to enable SegWit, that would make a significant decrease in fees.
i think bitcoin fee for miner to procces bitcoin transaction
Bitcoin has a serious problem which only becomes more apparent over time. Spending a lot of money as a transaction fee is never a fun experience.
I read this on Bitcoin Transaction Fees Keep Doubling Nearly Every Three Months and really fee make me using altcoins more than bitcoin.
what do you think about this? the solution is .............
It is a major flaw that bitcoin have,the more the price increase in bitcoin ,the more amount you have to shell out as transaction fees,but the positive thing about it is,but there is a good thing for merchants as they can send multiple transaction at once with a single fees but it is not appropriate for individual users to use bitcoin as a currency at this stage,byte per satoshi did not increase that much . I read this on Bitcoin Transaction Fees Keep Doubling Nearly Every Three Months and really fee make me using altcoins more than bitcoin.
what do you think about this? the solution is .............
For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction costs.
The cost of bitcoin transaction depends on what wallet you use, there is a wallet provider who bear the cost of member transactions such as Triv. and some provide transaction fees to its members.
The cost of bitcoin transaction depends on what wallet you use, there is a wallet provider who bear the cost of member transactions such as Triv. and some provide transaction fees to its members.
Most transactions aren't processed for free, the size of a transaction is based on how many inputs there are, larger transactions will cost more, but it isn't that only larger transactions need a fee anymore.
The blockchain/miners decide on what the fee needs to be, not the wallet. You can select a higher or lower fee in different wallets, but that doesn't mean that they will confirm at the same rate. I don't anything know about Triv, but I'd be surprised if they ate the fees, why would they let me send $3 that costs $15 with fees for $3? sounds like a losing business model, unless they take a cut somewhere else.
Quote
Bitcoin has a serious problem which only becomes more apparent over time. Spending a lot of money as a transaction fee is never a fun experience.
I read this on Bitcoin Transaction Fees Keep Doubling Nearly Every Three Months and really fee make me using altcoins more than bitcoin.
what do you think about this? the solution is .............
The trouble I'm seeing with this article is that it's talking about transaction fees increasing in ($).. I have yet to see anything in this article suggesting that the Satoshi/Byte ratio has been increasing and this is what is relevant when discussing the price of transaction fees. If you are complaining simply that the X-Satoshi per Byte that you pay is worth more, this is the equivalent to complaining that bitcoin has increased in price. This article is essentially saying "The Price of Bitcoins triples every 3-months and so there's a lot of transactions on the network."
If this article is correct then 3-months ago the transaction fee should've been 50-Satoshi/Byte and this just isn't the case, and 3-months before that it certainly wasn't 15-Satoshi/Byte. The arguments that this article is attempting to make are null when they aren't even beginning with a proper premise. Am I missing something or wouldn't Satoshi/Byte be a much better indicator of transaction fees than $/transaction ?
For now, most transactions are processed for free, but for deals that attract coins from multiple Bitcoin addresses so that it requires a larger portion of data, it will incur very small transaction costs.
The cost of bitcoin transaction depends on what wallet you use, there is a wallet provider who bear the cost of member transactions such as Triv. and some provide transaction fees to its members.
The cost of bitcoin transaction depends on what wallet you use, there is a wallet provider who bear the cost of member transactions such as Triv. and some provide transaction fees to its members.
Quote
Bitcoin has a serious problem which only becomes more apparent over time. Spending a lot of money as a transaction fee is never a fun experience.
I read this on Bitcoin Transaction Fees Keep Doubling Nearly Every Three Months and really fee make me using altcoins more than bitcoin.
what do you think about this? the solution is .............
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