Bitcoin fees - page 2. | Bitcointalksearch.org

iv4n

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Quote from: Niggasdonttalktome on July 30, 2018, 04:22:58 AM

Quote from: brawdias on May 07, 2018, 08:25:09 AM

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Which is the big problem of bitcoin and proof the prices of btc is going down because of one of these reasons?

Looks like you are very informed, you found a reason why price is dropping! It's sarcasm, one more troll on bitcoin talk forum.
Fees are the problem, we felt that last year when price started to grow and when fees raised so high that some people needed to pay over 50 dollars for transaction, big or small. Couple mBTC-s for a whale isn't much, but in dollars its a lot, it's crazy for us who wish to send couple hundred dollars and for that we need to pay a lot.
Now everything is stable again, that is a good thing, but big question is will we have similar situation in the future. Clearly network was overwhelmed with transactions, miners use that situation to charge extra dollars for transactions and who pays more have priority, I think we will see that again in the future, at least when ever network can't handle all transactions, miners will charge more and we can't so much about it, just turn to some coin that have cheaper transactions and when situation stabilize turn back to bitcoin again.

gpamfmcq

newbie

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At this stage, transaction costs really restrict the development of these two projects. With the rise of bitcoin prices, transaction costs will further improve, and bitcoin is no longer suitable for small transactions.

Niggasdonttalktome

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Quote from: brawdias on May 07, 2018, 08:25:09 AM

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Which is the big problem of bitcoin and proof the prices of btc is going down because of one of these reasons?

DoublerHunter

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I don't have any problem with bitcoin fees because i know that it is just normal to see an increase on the rate of the fees for bitcoin because without the fees in bitcoin then the miners will not earn enough money for them to sustain their business and we all know that bitcoin will not work anymore without miners, so we just need to be fair and don't complain about the bitcoin fees.

spadaccino

jr. member

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It's a game theory indeed - they need to be there even if its price skyrocked since beginning. With Lighting Network you can transate your coin if they are not too much and make sure you don't pay too much fees, only when you want to transfer them in your wallet on the public chain you pay the fees.

So they are mandatory and without them there will not be the miners.

topkhai

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The transaction fee you make for all your activities is determined by the number of your transactions, not only in bitcoin or ethereum, all coins have fees. They have determined the amount. But I think there are still many shortcomings that we need to fix the problem of transaction fees in the future

Ava Duvall

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Quote from: IanKaramazov on July 13, 2018, 08:58:02 AM

If you use exchanges, it vary.
Generally bitcoin has higher transactions fee.
If you use wallet, it depends on how much you are willing to pay for the fees to get a higher speed of confirmations. You can pay as low as almost zero fee for both bitcoin and ETH with wallets.

I have also encountered this. fees vary and change. i think everyone would appreciate no fees at all.

Pan Troglodytes

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Quote from: Pursuer on July 24, 2018, 06:14:17 AM

Quote from: Pan Troglodytes on July 24, 2018, 06:06:11 AM

Quote from: Kasliono on July 23, 2018, 05:44:38 AM

Quote from: brawdias on May 07, 2018, 08:25:09 AM

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

When we are talking about fees, actually it depends on how many transactions which made to the coin (bitcoin or etherium). When people use bitcoin most. It means that the fees will be high, it will be happen the same on eth too

Totally agree. Moreover, it IS happenning on Ethereum, too, just look at what happened with the congestions caused by the apps (e.g. Crypto Kittie App). The congestion then causes transaction fees to increase to astronomical levels and here we are: bitcoin or ethereum, it doesn't matter.

there is a big difference though!
the backlog in bitcoin was 90% spam attack against the network and most of that attack was from different campaigns wanting to force their scaling solution on bitcoin for their own purpose.
the backlog in ethereum was simply usage of it from ICOs and lots of other pointless transactions that are naturally occurring on it.

the difference is that bitcoin can handle its current adoption needs and handles the users' transactions well. but ETH can not even handle a small surge of transactions.

How can you tell the 90% were spam? Maybe some of them were spam, but majority, 99% of them, were people trying desperately to move their bitcoin into or out of the exchange in time of price surge to 20k. And they were unable to do so! So I can see no difference, really.

And you will know I am right the next time the high price increase hits bitcoin network again and it gets congested for another month.

maichimoto

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Quote from: brawdias on May 07, 2018, 08:25:09 AM

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

generally speaking eth is slightly cheaper, but it really depends on how the both networks are congested each day. I'm very confident tx fees will be substantially decreased in time

sulendra12

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Quote from: mkmittalg on July 28, 2018, 11:11:00 PM

There is no fees for BTCitcoin.

Bullshit.

Quote from: bayy43 on July 29, 2018, 01:53:46 AM

In my opinion, the payment through ethereum is cheaper than the bank in your city the rate of payment discount is better

Indeed, Ethereum fee is cheaper than Bitcoin but we couldn't do anything with that as Bitcoin is more well known by the time being.

Quote from: Kusnechik on July 25, 2018, 12:06:42 AM

Perhaps in the future, Bitcoin developers will completely abandon commissions for transactions, but what kind of reward will the miners receive then.

We couldn't get rid that fees.

Kokondao

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I think the cost between bitcoin and eth is only me, because the transaction cost in the delivery depends on bitcoin price and also eth.

bayy43

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In my opinion, the payment through ethereum is cheaper than the bank in your city the rate of payment discount is better

mkmittalg

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There is no fees for BTCitcoin.

Patricia Joness

newbie

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I can say that there is some project startup that is working to address this. Currently, Bitcoin lightening network allow transaction with moderately small fees. also from experience the transaction fee paid depend on the type of wallet you are using and how fast you want your coin to be delivered. The fee can be reduced but the transaction rate will be slower.

maskeffec

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Quote from: brawdias on May 07, 2018, 08:25:09 AM

How are the Bitcoin fees for transactions compared to the fees for ethereum ? I researched about the fees, but I would like to know perspectives for future, and how different coins are basing their fees. I know both coins have a huge growing potential, which is good, but the down side is related to the fees.

Transactions with bitcoin use have greater cost compared to Ethereum, To avoid high cost do not send to external wallet. And that is to use one and the same web-wallet host website. For example like coins.ph if you transfer bitcoin to another user using the same site there is no cost but if you will send it to external wallet then that is when you will pay big transaction fee.

hahay

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Leading Crypto Sports Betting & Casino Platform

Fees, so far I've never questioned fees for crypto transactions, but for the use of an exchange I'm always selective in choosing exchanges that have low or high fees. But overall the sense of fees that I often find is still a fair and normal stage, not an obstacle for me with fees.

iotarocket

newbie

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With the wider implementation of Segwit, I have found the fees to be very reasonable and comparable to Ethereum. By contrast, Ethereum recently had a congestion issue causing delays of several days. Ideally though the fees would be no more than one or two cents to allow for microtransactions. Both projects are working on this goal.

mmo4me.2016

sr. member

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Transaction fee depends on the time you want to transactions is confirmed, If you transfer Bitcoin from the exchange, in addition to the fee of the network, you have to look for additional fees of the exchange!

Kusnechik

member

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Perhaps in the future, Bitcoin developers will completely abandon commissions for transactions, but what kind of reward will the miners receive then.

JoshyKulotski

newbie

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I'm into this topic. So much of exchanger sites and even wallet has that high charges on exchanging and sending BTC. Don't know if they were that kind of abusing people who have BTC or what but isn't that to much? That's why I'm supporting such kind of project that was building exchangers that pays a bit of payments.

Topic: Bitcoin fees - page 2. (Read 721 times)