Topic: Bitcoin fees - page 3. (Read 1048 times)
You are not afraid of high-priced transactions. You do it once when transferring large amounts to your account on the exchange. I'm sure next year there's an idea to increase the block size to be continued. So you only replace the coins for Fiat and do not pay high fees.
Costs can be reduced if more wallets apply Segwit if the user starts switching to a wallet that supports it. There is a permanent solution that makes the network much faster and significantly reduces costs. It can support more than 1 million transactions per second and still enroll in blockchain. But this technology is still being developed so it will not solve the problem in the future.
I’m noticing a Coinbase today but the transaction fee of $30 it’s right around $15! It looks like that fee doesn’t change, it doesn’t matter if you send a one dollar or hundred dollars, the fee seems to stay the same. To be some sort of solution, I don’t remember being this way before.
For me if the bitcoin price is dump the fees are down but if the price is pump the fees is pump.
The transaction fees are truly high. I tried to do a payment of $49 on mycelium wallet just yesterday, and was given $17 as the transaction fee for high priority. Now that's ridiculous. I tried tweaking to $3 as a low priority fee now my transaction is stuck and remains unconfirmed after hours.
These high transaction fees will be what will lead to the downfall of bitcoin if not resolved.
These high transaction fees will be what will lead to the downfall of bitcoin if not resolved.
-Major services actually start using SegWit
-The hype dies down and people don't need to desperately send for their trading
-Another scaling solution is implemented
-The hype dies down and people don't need to desperately send for their trading
-Another scaling solution is implemented
or the protocol starts measuring in 100byte/sat instead of 1byte/sat
lame brain developers think the protocol cant go below 1byte/sat without having to add millisat units if measure. but they are wrong. it can be done, if they really thought about it.
also a new fee priority formulae could be added that actually works.
A good idea of 100byte/sat, but I'm not sure whether it can be implemented, basically change the nodes, right?
Bitcoin transactions always increases along with the increase in bitcoin price.
I believe exchanges have a big role in the matter of big volume transactions, but most of them still do not implement Segwit.
This fee problem should be solved or at least reduce the fee by adopting segwit addresses.
This is a big problem. I am sure that next year the idea of increasing the size of the block will be continued. Continue to pull the impossible. But I'm not afraid of high price transactions. I do it once at the time when transferring a large sum into the account on the exchange. then I just change the coins for Fiat and don't pay such fees.
yeah i really agree to avoid high transaction fees transfer your bitcoin into another wallet with have big amount because i experience on that situation i sent an small amount of bitcoin into my local wallet is to expensive the fee, unlike sneding big amount of bitcoin not hurt the transaction fees charges.
Bitcoin network fee is at like $34 right now.
Maybe for a high priority transaction that you need confirmed in the next block. But you should check https://bitcoinfees.earn.com/ before sending a transaction. If you are willing to wait 4-87 blocks (up to 15 hours delay) for a confirmation, then you can send a transaction for 125 satoshis/byte. At the median transaction size, that costs less then $5. Considering that Bitcoin is the most secure ledger in the world, that seems like a steal!
When will they go back down?
This spike in congestion resembles the one that took place about a month ago. It's a spam attack. It'll subside when the attackers have either achieved their objectives or run out of money.
Major drawback of BTC not using as digital currency is High transaction fees and time lag to confirm a transaction.
This is the most problem of bitcoin users lately the transactions fees are expensive. Also the confirmation that takes long. I hope there is a resolution on this lag and to down the fees in every transactions.
Major drawback of BTC not using as digital currency for every is High transaction fees and time lag to confirm a transaction.
BTC transaction fees is going crazy now a days....regular transaction fees per byte is upto 300satoshi which is crazy. That mean to make a trade of $15 you need to pay $12 as transaction fees which is insane.
BTC transaction fees is going crazy now a days....regular transaction fees per byte is upto 300satoshi which is crazy. That mean to make a trade of $15 you need to pay $12 as transaction fees which is insane.
Bitcoin fee is too high. It has high fees and has slow transactions. The price of bitcoin may affect the fees but i just hope not in a way that they will charge about $8-$20. It's too expensive for those who are small time holder of bitcoin just like me. If they gives us higher fees per transactions surely bitcoin will go down because not all people owns a lot of bitcoin to waste it on just fees
Today, blockchain.info asked for more than 20$ to transfer 20$. Anyone knows the reasons behind these high fees and if it's going to decrease in near future?
bitcoin transaction fee it depends on size, and not price ( CMIIW ) it looks really high because the price is high enough to make it look like the fee is increase too, 
Today, blockchain.info asked for more than 20$ to transfer 20$. Anyone knows the reasons behind these high fees and if it's going to decrease in near future?
I change my BTC first in doge and then sent it. Have to pay 3 doge for it. I think more people use altcoins for withdrawing
This is an alternative way if you want to pay cheaper fees, I've seen this technique on social media and is being done by many traders. But I prefer to transfer bitcoin>bitcoin transaction, most of us are thinking that it's hassle to convert it first with any altcoin but others are seeing it as a solution to the network problem plus with the increase of fee.Bitcoin network fee is at like $34 right now.
When will they go back down?
The fee is really hurting small transactions but the increase is just a small fee for those big transactions out there. I don't have an idea on how this increased miners fee will takes place, they have to make a solution for this one. When will they go back down?
Bitcoin network fee is at like $34 right now.
When will they go back down?
When will they go back down?
yes, should wait for the market stability
Bitcoin network fee is at like $34 right now.
When will they go back down?
When will they go back down?
Rising of transaction fee in bitcoin will surely hurt those small time holder of this coin. This will be a big problem in the future. I know some bitcoin holder now convert their coin into other altcoin to avoid this high fees. If the demand and price will still continue to increase, i dont think it will go back to lower fee
I change my BTC first in doge and then sent it. Have to pay 3 doge for it. I think more people use altcoins for withdrawing
Hopefully there will be new miners :X ... you can watch the unconfirmed transactions out there here https://blockchain.info/charts/mempool-count , at least for now the amount seems to shrink a little and so should the fees.
Adding miners doesn't really help. The network is designed to have 1 block mined about every 10 minutes and the blocks are only 1M long. The max bandwidth is pretty much fixed. 
Bitcoin network fee is at like $34 right now.
When will they go back down?
I'm always checking it at https://bitcoinfees.earn.com/ and it's still too high. No one knows when will the fees go down. Before I'm paying $1 per transactions and I think that's already high before since transactions aren't too expensive but now paying more than $10 per transaction? It's really too high if we don't pay the recommended fee, it will be stuck in the network for days or even weeks. When will they go back down?
Hopefully there will be new miners :X ... you can watch the unconfirmed transactions out there here https://blockchain.info/charts/mempool-count , at least for now the amount seems to shrink a little and so should the fees.
The problem is so bad people decided to use litecoin to transfer value instead to the point where litecoin is down on Coinbase.
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