*** BITCOIN FEES - Stop paying overpriced STUPID fees to greedy miners!! *** - page 3.

coinsgod

member

Activity: 112

Merit: 10

Quote from: pooya87 on September 10, 2017, 10:42:31 PM

it is not people, it is the wallet clients and their broken fee estimations most of the time.
right now that the memory pool is empty (<3000 tx) you can pay small fees and if the mining pools don't reject your transaction it will be mined. (some mining pools like F2Pool for example have set a minimum fee/B that they will reject lower than that).

checking the latest block it is filled with 1 satoshi/byte transactions:
https://blockchain.info/block/000000000000000000513221a373529b99c1982999abcfc189f446e0a8896e03?show_adv=true

Quote from: coinsgod on September 10, 2017, 10:33:57 PM

~ I got 4 confirmations in 5 minutes! ~

LOL, 4 blocks in 5 min or nearly 1 block every 1 minute. you got ultra lucky.

People need to stop using wallets where you can't adjust the fees and put in your own values for the fees. You've gotta be stupid if you are overpaying on fees for no reasons giving away money to greedy miners. I think that next time I need to do a transaction, I'll adjust my wallet to 0.00001BTC/kilobyte.

coinsgod

member

Activity: 112

Merit: 10

Quote from: coinsgod on September 10, 2017, 10:33:57 PM

I don't get why lots of people are pay ridiculous overpriced fees when sending Bitcoin to those greedy ass miners! I've been experimenting with my wallet and reducing the fees each time and have been sending at 0.00005BTC/kilobyte. It only cost me $0.05 (5 cents) to send and I got 4 confirmations in 5 minutes! Anyone paying more than this is a complete idiot. I'm sure that I could even maybe do it at 0.00001BTC/kilobyte and it would get all confirmed within 20mins.

Anyway, let's discuss what is the fees you are paying when sending. What's the minimum fees you've tried?

Update: I got 12 confirmations in one hour with this $0.05USD (5 cents) fee paid. Nice

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: coinsgod on September 10, 2017, 10:33:57 PM

I don't get why lots of people are pay ridiculous overpriced fees when sending Bitcoin to those greedy ass miners! I've been experimenting with my wallet and reducing the fees each time and have been sending at 0.00005BTC/kilobyte. It only cost me $0.05 (5 cents) to send and I got 4 confirmations in 5 minutes! Anyone paying more than this is a complete idiot. I'm sure that I could even maybe do it at 0.00001BTC/kilobyte and it would get all confirmed within 20mins.

Anyway, let's discuss what is the fees you are paying when sending. What's the minimum fees you've tried?

I have sent a fee of $0.05 CDN, which was something like $0.04 USD (likely a bit less) at the time. That was probably the lowest fee I have ever put on a transaction that actually went through within an hour or two, I can't remember what the timing was exactly. It was a fairly long time ago, so I don't remember the specifics.

I think there was once instance where I paid a fee in excess of $1.00 CDN, and that was essentially at the peak of queue times and flooding transactions. That was just to make it go through quickly.

pooya87

legendary

Activity: 3472

Merit: 10611

it is not people, it is the wallet clients and their broken fee estimations most of the time.
right now that the memory pool is empty (<3000 tx) you can pay small fees and if the mining pools don't reject your transaction it will be mined. (some mining pools like F2Pool for example have set a minimum fee/B that they will reject lower than that).

checking the latest block it is filled with 1 satoshi/byte transactions:
https://blockchain.info/block/000000000000000000513221a373529b99c1982999abcfc189f446e0a8896e03?show_adv=true

Quote from: coinsgod on September 10, 2017, 10:33:57 PM

~ I got 4 confirmations in 5 minutes! ~

LOL, 4 blocks in 5 min or nearly 1 block every 1 minute. you got ultra lucky.

coinsgod

member

Activity: 112

Merit: 10

I don't get why lots of people are pay ridiculous overpriced fees when sending Bitcoin to those greedy ass miners! I've been experimenting with my wallet and reducing the fees each time and have been sending at 0.00005BTC/kilobyte. It only cost me $0.05 (5 cents) to send and I got 4 confirmations in 5 minutes! Anyone paying more than this is a complete idiot. I'm sure that I could even maybe do it at 0.00001BTC/kilobyte and it would get all confirmed within 20mins.

Anyway, let's discuss what is the fees you are paying when sending. What's the minimum fees you've tried?

Topic: *** BITCOIN FEES - Stop paying overpriced STUPID fees to greedy miners!! *** - page 3. (Read 1194 times)

Topic: * BITCOIN FEES - Stop paying overpriced STUPID fees to greedy miners!! * - page 3. (Read 1194 times)