Bitcoin fees | Bitcointalksearch.org

yj300316

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Quote from: SKEEMER on December 12, 2017, 11:23:01 AM

Bitcoin network fee is at like $34 right now.
When will they go back down?

i think i know the reason why bitcoin fee valued as such amount.
it was because the bitcoin and crypto price very high at the time you write this thread.
but for now, bitcoin price is back to more normal price. the fee is decreased too.

BHX91

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Currently in bitcoin trading transactions are very high, the Bitcoin transaction fee method is not the same with traditional financial institutions, the Bitcoin transaction fee does NOT depend on the amount of money you send. At present, a major problem that wallet developers are facing is the creation of an algorithm to calculate the appropriate cost. Hopefully in the near future the transaction fee will decrease.

TricksterX

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the answer is Miner Wink

angelakrasnova

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In this case, a third party appears. Processors convert the resulting crypt into a fiat. Processing companies reduce sellers to sources of money, it's like a currency exchange service. It works like this: the customer comes to the store and pays for the goods with bitcoins. The processing company takes these bitcoins, sells them on the exchange and receives dollars. The received Fiat company transfers the store. For the whole process, the processing company pays a reward. Approximately 1%.

sergeykravcov177

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Bitcoin as a method of calculation in is poorly distributed. The bulk of the places where you can spend koin - Internet resources, which, moreover, foreign. This is due to the fact that in Europe it is accepted almost everywhere. And where it is possible to pay bitkoinami in Russia?

The list of such places will be huge, but the payment of bitcoin has not yet spread so that they could pay in all spheres of life. In this regard, it will be much easier to spend crypto currency on the Web.

This process is simplified by special services that exchange bitcoins for another crypto currency or dollars. Bitcoin is considered the most common digital currency, which can be used on inter-resources, where you can not pay the usual money.

mulukey

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I do not think the bitcoin fee is a concern for us because the bitcoin transaction fee is extremely low. It is lower than the transaction fees of traditional banks to date. Thus, bitcoin stimulates the participation of investors in the cryptocurrency market.

ulhaq

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I had not followed fees in a while and was surprised that the fees are so low now, around 15 cents, compared to $30 in December. How long are these low fees going to last? What will they go up to after the volume increases, given segwit they should not go as high as before?

kloinko1n

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Never. Only if a huge number of miners starts to go away from bitcoin mining then the block complexity will decrease

queennathalia

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Quote from: SKEEMER on December 12, 2017, 11:23:01 AM

Bitcoin network fee is at like $34 right now.
When will they go back down?

Its basically If the price of bitcoin also goea down. Because bitcoin fee is not about the dollar. Its about the bitcoin network, Once blockchain had a lot of traffic. Bitcoin fees will increased. So if you want small fees better to wait bitcoin price back at low.

slashz9

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I think it's not too worrisome because if his fee goes up his price also goes up, so I think it's good news, because every year the amount of reward block increases the number of bitcoin will reach the maximum, and the price will be more expensive, of course with the fee the more expensive.

hrz

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bitcoin begins to rise in price and the longer it will probably rise again its price, in mid 2018 it will skyrocket the bitcoin price.

cunese

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Transaction fees and transfer fees are high, especially for transfer fees, and sometimes a transaction costs dozens of dollars and takes a lot of time.

qyn0

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Miners usually include transactions with the highest fees first.

neerajmittaljii

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Bitcoin transactions usually occur for free if the amount of Bitcoin shipped exceeds 0.01 BTC. Bitcoin in small quantities is given to miners as a reward for processing the transaction and putting it into blockchain.

celcoid

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The bitcoin trade of exchange expense has saved dollers rate money turning bitcoin's previous identifying strength as a more cost-effective on-line installment strategy into a funny assertion.But despite these increasing prices, and also the long running civil argument there area unit caused, engineers and shoppers contend there area unit easy approaches to diminish charges that are not in result fully exploited of.we have Overall but, because the amount of organizations supporting the new component develops, bitcoin charges can diminish some even contend that exchange charges would vanish within and out if that exchanges supplanted typical exchanges of trade the business.

Anti-Cen

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High fees = low BTC price

Quote from: neoandtrinity on April 22, 2018, 01:12:12 PM

Transaction fee BTC is really good now, as of April 2018, the average Bitcoin transaction fee is over 95% less than the fees seen during the cryptocurrency rush of late 2017.

That's nice but since we are playing with numbers, cooking the books well did you know that for 95% of Bitcoins eight year life the fees
were below $0.01 per transaction ?

You best switch to the Lightning banking hubs, only 0.65% per transaction just now, never mind my free home banking and the
fiat currency value is not crashing like Bitcoin, exciting times Cheesy

Betwrong

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I stand with Ukraine.

Quote from: Tabatadze on April 22, 2018, 01:03:21 PM

Big transaction fees are really a big issue for bitcoin but there could be a solution in the coming days. People at present are paying an amount of $28 on average to make transactions using the digital currency, according to data provided by BitInfoCharts.

Quote from: Edsel_Miller on April 21, 2018, 01:58:51 PM

If your investment is small then the charge is also a problem. The current fee is $ 34.
Let's me show you an important thing: The hero do not mind a small fee!

These two posts contain such a nonsense that I'm wondering whether the accounts are connected in a way. Probably they are not, but still, where do you guys find that info? You can pay 10 satoshis/byte for a pretty fast transaction today which corresponds to 2,250 satoshis or $0.2 for an average transaction. The OP was created when transaction fees were expensive indeed, but this is not the case anymore.

Anti-Cen

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High fees = low BTC price

Quote from: SKEEMER on December 12, 2017, 11:23:01 AM

Bitcoin network fee is at like $34 right now.
When will they go back down?

I am a time traveler from the future and fees will go up to $55 in late December 2017 and then after that for
obvious reasons the price of Bitcoin will tank because no one will trust the development team and miners anymore.

The crystal ball is a little foggy, yes I see they called them Lightning network hubs but really these were centralized
banking hubs, yes, yes and started to charge 0.65% in transaction fees but people caught wind of the scam and jumped ship
to more stable ships.

neoandtrinity

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Transaction fee BTC is really good now, as of April 2018, the average Bitcoin transaction fee is over 95% less than the fees seen during the cryptocurrency rush of late 2017.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

Quote from: Edsel_Miller on April 21, 2018, 01:58:51 PM

If your investment is small then the charge is also a problem. The current fee is $ 34.
Let's me show you an important thing: The hero do not mind a small fee!

$34 is not the current fee anymore. The current Bitcoin fee is closer to .80 cents due to decreased transaction volume and segwit. Segwit adoption is still pretty low too, about 33% on average. As time goes on, the fees and network throughput will continue to improve as segwit adoption continues as well as Schnorr signatures hopefully being implemented in the coming years.

Topic: Bitcoin fees (Read 1048 times)