Topic: Bitcoin fees reduced thanks to BCC/BCH fork? (Read 670 times)
The transaction fee has decreased a lot compared to the past days. Same time there is not much negative impacts felt over the bitcoin currently as majority of the users expected. Expect the growth of bitcoin to continue same as the past even if some sort of splitting of the network creates a downfall in price temporarily.
Actually, the past weeks/months have seen mempool return to more realistic, reasonable levels. Fees have corresponded with that. I've been seeing >10 sats/byte enough to get confirmed within 10 hours for a long time now. BCC has built a lot on the premise of low fees, so they should be even cheaper. Perhaps even... 1 "cashtoshi"?
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
We all certainly hope this will all run until later. So this segwit should give a significant impact, one of which is reduced fee per transaction. In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
That is what we have promised from the beginning, we will all get and can do transactions with a smaller fee than today.
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
I think transaction fees will go to "normal amounts" once BitcoinCash has successfully failed
I really hope fees will be like now when segwit solution is fully applied
nope
once segwit keypair functionality is allowed (future BScartel/core client release)
then people will need to move their funds to segwit keypairs.. and once its moved to sgwit keypairs. they then have to stick with using transactions of segwit<->segwit to actually get the 'discount'
so what you will see is the mempool bloat up again when the surge of funds(53mill outputs) moving ramps up again... and then the mess and cludge of different average fee's occur between those that remain with legacy keypairs and those with segwit keypairs
..
im still shocked that all the segwit fanboys do not even know the basics, even after a year of kissing segwit ass..
seriously if you wanna fanboy something, atleast research learn what your devoting your opinions to
once segwit keypair functionality is allowed (future BScartel/core client release)
then people will need to move their funds to segwit keypairs.. and once its moved to sgwit keypairs. they then have to stick with using transactions of segwit<->segwit to actually get the 'discount'
so what you will see is the mempool bloat up again when the surge of funds(53mill outputs) moving ramps up again... and then the mess and cludge of different average fee's occur between those that remain with legacy keypairs and those with segwit keypairs
..
im still shocked that all the segwit fanboys do not even know the basics, even after a year of kissing segwit ass..
seriously if you wanna fanboy something, atleast research learn what your devoting your opinions to
I cant wait for the transaction fees to drop significantly and even be sustained long-term because if it doesnt, then all the panics and discussion that have taken over the forum including hardfork and soft work in the past few weeks will be all for nothing. I tried making some transactions now and realised that both the fees for priority and normal confirmation time is still the same which is something to be happy about and wished it continues whether fork or no fork.
I checked the price of BitcoinCash on futures contracts. It was priced around 300$. So both btc and bcc wil have low miner's fee.
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
good news to us i wish this low cost of transaction continue until the segwit is done. In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
I think transaction fees will go to "normal amounts" once BitcoinCash has successfully failed
I really hope fees will be like now when segwit solution is fully applied
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
Offcourse the fees would not stay this low after the fork. This is just a short term reaction to the event. But with Segwit activation, fees are set to drop. The main reason for the implementation of Segwit is to bring down the ever increasing fees and to reduce the backlog of transactions. We will soon see an affordable fees which will be quite decent for small transactions as well. This is the only reason for the huge support to Segwit. In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
yes it seems, the reason why it is low as the forking issue prevent people from transaction because for the sake of BCC
Many people including me wanted to get the free 1:1 bcc so not much people are doing transaction so low amount of transaction is broascasted
Many people including me wanted to get the free 1:1 bcc so not much people are doing transaction so low amount of transaction is broascasted
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
I think transaction fees will go to "normal amounts" once BitcoinCash has successfully failed
I really hope fees will be like now when segwit solution is fully applied
Since many bitcoiner and bitcoin services decide not to make transaction, i've seen that recent block size has been reduced and only few transactions are unconfirmed .
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Edit : I just move my bitcoin to another electrum wallet with new seed after BCC/BCH split and i only pay 0.00001652BTC/kb (about $0.044/kb) for tx fee which confirmed in 5 minutes
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
In fact, website such as http://bitcoinfees.21.co/ now recommend optimal bitcoin transaction fee only 40 satoshis/byte or 9,040 satoshis for median transaction.
Edit : I just move my bitcoin to another electrum wallet with new seed after BCC/BCH split and i only pay 0.00001652BTC/kb (about $0.044/kb) for tx fee which confirmed in 5 minutes
Do you think bitcoin transaction fees can stay low even after SegWit is activated and BCC/BCH fork completed?
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