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Topic: Bitcoin Fees - $59! Holy shit! - page 4. (Read 3311 times)

sr. member
Activity: 448
Merit: 250
October 10, 2017, 02:23:57 PM
#14
Maybe he made that transaction when the blockchain was so congestionated, or maybe there were not enough miners at that moment to confirm that block, but are you sure that this is true and not a fake?
I read about a guy who payed $119 for fees, but after all, it was his fault because he customized the fees and he did it without knowledge.
I think is impossible to pay that amount of money for fees, i payed $6 max when btc was $5000 a few weeks ago, and now it is $4800 and fees are $2 max, it is not bad.
full member
Activity: 167
Merit: 101
October 10, 2017, 02:20:55 PM
#13
Just watched a vid on Youtube posted yesterday by Rover Ver. He said that it cost him $59 to send Bitcoin. Jesus Christ, that's bloody ridiculous! Those miners are incredibly greedy and will send Bitcoin to the ground if that's the case. Who the hell is going to use Bitcoin for everyday transactions when it costs you $59 to buy a pack of chewing gum? Imagine going to buy a cup of coffee and you need to wait a few hours before the retailer can confirm your payment went through before they let you out of the shop.

High fee is based on value of transaction maybe he send more than $2000 and the fee like that , its fair. because fee increased by value of ur transaction.
But i see , yesterday in some topic say bitcoin fee increasing too high , maybe its factor by bitcoin price is increased then the fee value got high.
Btw CMIIW Sir  Cheesy
newbie
Activity: 28
Merit: 0
October 10, 2017, 01:21:05 PM
#12
provide tx_id or didn't happened  Wink
member
Activity: 112
Merit: 10
October 10, 2017, 12:31:57 PM
#11
Most probably it's a promotional video, why would you film it when you are sending bitcoin?
legendary
Activity: 2296
Merit: 1014
September 27, 2017, 06:24:55 AM
#10
Just watched a vid on Youtube posted yesterday by Rover Ver. He said that it cost him $59 to send Bitcoin.
I wouldn't belive him even for a second.
He says that to promote his alt coin, thats it.
People send bitcoin with thousands $ fees by mistake, i sent my transactions with $0,01 fees and im happy Smiley
newbie
Activity: 36
Merit: 0
September 27, 2017, 05:57:42 AM
#9
It's normal bro.few days ago I also faced this kind of issue.I withdraw from an exchange platform about $500 and the transaction fees were $5+ worth of Bitcoin. I think the miner is now so greedy.they charged us a huge amount of bitcoin for every transaction it's very painful for Bitcoin user.I want to see your transaction TXD, please provide it here.
Bloody miners are ripping off the users of Bitcoin. They way I see it is that it's doomed to fail with these ridiculous fees. Some other altcoin is going to become the major crypto that has no fees or absolutely tiny fees.

THIS.
Bitcoin fees really are ridiculous, I hope that this somehow gets fixed soon.
Paying $2 fees when sending $10-15 payments it's absolute nonsense.
using x**o wallet can hurt you even more.
sr. member
Activity: 375
Merit: 254
August 20, 2017, 02:35:46 AM
#8
It's normal bro.few days ago I also faced this kind of issue.I withdraw from an exchange platform about $500 and the transaction fees were $5+ worth of Bitcoin. I think the miner is now so greedy.they charged us a huge amount of bitcoin for every transaction it's very painful for Bitcoin user.I want to see your transaction TXD, please provide it here.
Bloody miners are ripping off the users of Bitcoin. They way I see it is that it's doomed to fail with these ridiculous fees. Some other altcoin is going to become the major crypto that has no fees or absolutely tiny fees.

THIS.
Bitcoin fees really are ridiculous, I hope that this somehow gets fixed soon.
Paying $2 fees when sending $10-15 payments it's absolute nonsense.
member
Activity: 112
Merit: 10
August 20, 2017, 01:45:56 AM
#7
It's normal bro.few days ago I also faced this kind of issue.I withdraw from an exchange platform about $500 and the transaction fees were $5+ worth of Bitcoin. I think the miner is now so greedy.they charged us a huge amount of bitcoin for every transaction it's very painful for Bitcoin user.I want to see your transaction TXD, please provide it here.
Bloody miners are ripping off the users of Bitcoin. They way I see it is that it's doomed to fail with these ridiculous fees. Some other altcoin is going to become the major crypto that has no fees or absolutely tiny fees.
hero member
Activity: 1554
Merit: 880
Notify wallet transaction @txnNotifierBot
August 20, 2017, 01:33:03 AM
#6
Transaction fee will always depend on the size of the transaction itself, so if he send larger bitcoins with huge transaction size per byte then its really normal to have huge fees, and tx fee is always referring to bitcoin not in USD so if the btc price hike then of course it will becomes larger in USD
hero member
Activity: 986
Merit: 516
August 20, 2017, 01:27:29 AM
#5
It's normal bro.few days ago I also faced this kind of issue.I withdraw from an exchange platform about $500 and the transaction fees were $5+ worth of Bitcoin. I think the miner is now so greedy.they charged us a huge amount of bitcoin for every transaction it's very painful for Bitcoin user.I want to see your transaction TXD, please provide it here.
legendary
Activity: 2758
Merit: 6830
August 20, 2017, 12:56:43 AM
#4
I have no idea, he didn't say it on his vid. Does the size of the transaction mean how much money he's sending? I thought the whole idea of Bitcoin is that it doesn't matter if you send 1 cent of 1 billion dollars, the fees should be the same.
This idea can still be correct. What increases the transaction size is the amount of inputs and outputs of the said transaction, and not how many Bitcoins have been sent. Usually, a transaction with 1 input and 1 output is equivalent to 250 bytes, independent if this input is worth 0.005BTC or 50BTC.

If you want to read more about the subject:
https://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending
https://www.reddit.com/r/Bitcoin/comments/5eecuq/what_determines_the_transaction_size_or_number_of/
member
Activity: 112
Merit: 10
August 20, 2017, 12:20:37 AM
#3
What was the size of the transaction?

Bitcoin fees (like most fees) are scaled in nominal value to the work required. A transaction of tens of thousands of dollars costing $59 is a pretty decent deal.

If Roger and crew aren't disclosing the size of the transaction you should ask and don't relent on your need to know.
I have no idea, he didn't say it on his vid. Does the size of the transaction mean how much money he's sending? I thought the whole idea of Bitcoin is that it doesn't matter if you send 1 cent of 1 billion dollars, the fees should be the same.
hero member
Activity: 1106
Merit: 638
August 20, 2017, 12:13:03 AM
#2
What was the size of the transaction?

Bitcoin fees (like most fees) are scaled in nominal value to the work required. A transaction of tens of thousands of dollars costing $59 is a pretty decent deal.

If Roger and crew aren't disclosing the size of the transaction you should ask and don't relent on your need to know.
member
Activity: 112
Merit: 10
August 19, 2017, 11:58:31 PM
#1
Just watched a vid on Youtube posted yesterday by Rover Ver. He said that it cost him $59 to send Bitcoin. Jesus Christ, that's bloody ridiculous! Those miners are incredibly greedy and will send Bitcoin to the ground if that's the case. Who the hell is going to use Bitcoin for everyday transactions when it costs you $59 to buy a pack of chewing gum? Imagine going to buy a cup of coffee and you need to wait a few hours before the retailer can confirm your payment went through before they let you out of the shop.
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