And again the discussion turns away from the solution to the whining.
Yeah people , we get it we know it it's been said thousands times and there are tens of topics about it.
No need to point again and again that fees are killing micro payments.
We know the cause we know the problem the thing we should be doing is solving it.
Just arguing 2$ for a tx is too much and not talking about the choices we have to avoid it and adopting a solution for it will not bring us anywhere.
So rather than posting here every time you pay a huge tx and solving nothing just flood the miners with you complains.
Topic: Dear miners (Read 1165 times)
the fees are very bad right now. today when i was withdrawing some coins(around only 0.0025+) from yobit exchange and it cost me with 0.0017btc+0.00067btc service charge. i mean i have to pay double of my money to being able to use it. thats 100% disgusting. and even after that i have processed the transaction and it takes around 30 min to get 2 confirmations and now my money is stuck. i have requested a refund and it will take around two days now.
Micro-transactions are no longer possible with Bitcoins. Even I have stopped receiving my payments of BTC0.001 from a-ads. It is affecting a lot of people. There are only two solutions. Either wait until the amount accumulates to BTC0.01 or BTC0.02, or to use an altcoin which is having faster confirmation time.
the fees are very bad right now. today when i was withdrawing some coins(around only 0.0025+) from yobit exchange and it cost me with 0.0017btc+0.00067btc service charge. i mean i have to pay double of my money to being able to use it. thats 100% disgusting. and even after that i have processed the transaction and it takes around 30 min to get 2 confirmations and now my money is stuck. i have requested a refund and it will take around two days now.
Bitcoin us great and becoming greater, but the fees are becoming a problem, altocoins/sidechains solutions are becoming everyday more successful as a reliable alternative for evereryday payments
You are right, bitcoin become more powerful every single day, because of this extraordinary increase of price, we can see that miner fees increase too. and i think here there is a problem. because of it, i subsidiary. I am user for xapo wallet, and the currenct fees is around 0.0023 btc for standard fees and 0.0033 btc for high priority fees which it's too much for a singel transaction 
Bitcoin us great and becoming greater, but the fees are becoming a problem, altocoins/sidechains solutions are becoming everyday more successful as a reliable alternative for evereryday payments
I'm getting tired of bitcoin and this community and I'm starting to realize that bitcoin is an awful solution to a problem that doesn't even exist in the first place.
You cannot discredit bitcoin completely simply because the transaction fees are getting higher and the scaling debate keeps on continuing without any substantial change or progress,the only positive thing about bitcoin is that you have complete control over your asset rather than trusting a third person or a bank and for that simple reason i will keep on using it. Hello. I am always disgusted when i come here. You seem to not care one bit about bitcoin. Only thing you care about is when you get your next block. Well its been 6 months since segwit was released and you are still not signalling.
The fees have become exorbitant. And before you say you wont make a difference, well what does it cost you? Just signal, its better than not.
How would you feel if bitcoin lost its number 1 spot? How do you think bitcoin can attract new people and increase the value of the coin then? Miners lack of segwit signalling is pushing people into alternative crypto's because fees are getting crazy high. You will understand when bitcoin loses its no1 spot how bad you fucked up. Have a nice day.
Why do you think anyone is going to pay attention to one dude who's sitting on a forum and writing a post titled "Dear miners" and whining about them not knowing that they're doing?The fees have become exorbitant. And before you say you wont make a difference, well what does it cost you? Just signal, its better than not.
How would you feel if bitcoin lost its number 1 spot? How do you think bitcoin can attract new people and increase the value of the coin then? Miners lack of segwit signalling is pushing people into alternative crypto's because fees are getting crazy high. You will understand when bitcoin loses its no1 spot how bad you fucked up. Have a nice day.
"What does it cost you"
Costs them money for sure, power for another if they were to move up the blocksize.
"How would you feel..."
They're probably not worried about it at all right now. No serious competitors and lots of value flowing into Bitcoin.
Please understand they don't care about what you have to say. At all.
I am coming back. But things have not improved yet. Bitcoin is becoming a loser!
This is what have thought too of recent months.Some one mentioned to wait until segwit is done on August 19th or some other way of speeding up confirmations and by making it cost less to send called the Thundernetwork.
Something will give eventually. No large businesses are going to start to transact in a currency with 30+ minute confirmation times and multi-dollar fees. The free market will make a replacement in due time. NEM with Mijin/Catapult would be a good one.
The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
Businesses aren't adopting bitcoin anyway. As for me, I'd much rather spend fiat than bitcoin, mainly because of confirmation times but nowadays because of the fees. They're way too high. Why should I pay anything just for the privilege of spending my own money. Fuck that. I'm getting tired of bitcoin and this community and I'm starting to realize that bitcoin is an awful solution to a problem that doesn't even exist in the first place.The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
PayPal is supposed to be a system for people to make casual transactions, and when paying for goods and services in the UK it charges 3.4% + 20p in fees. The cost is for intermediaries - for having an intermediary, they're asking you to pay a fee which, compared to the profit margin for smaller goods, is absolutely enormous. There are even cases of shops in some areas, like the US, accepting credit cards like Visa even though they end up losing money, just because they feel like they couldn't do without it.
Bitcoin's solution is to remove the intermediary so that businesses don't screw people over when dealing with small (and large) transactions.
Sure, Bitcoin is a terrible solution for now. But the potential is through the roof - just look at the times when people could send transactions like this one of 194,993 BTC with no fees. It's still not impossible on blockchain systems, and you can send a transaction of any size on DOGE for less than a cent.
As blockchain technology gets better, so will fees. We're still early adopters and the solution is patience of several years.
The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
You are missing the main problem here. The miner community just can't agree on the solution/development method which can carry bitcoin to a higher level.
If bitcoin stays like this forever, sooner or later it will be outdated by something else. ETH is already very close and if bitcoin don't get an upgrade soon, eth will overtake its position. If it wasn't ETH, something else was going to do the job anyway.
I am not ignoring the main issue. I agree that the block size limit is going to be a major impediment for the future progress of Bitcoin. But I am saying that all the hype about the delayed transactions are not that honest. Transactions are getting confirmed pretty quickly now. But yes. I agree that we need a solution without any further delay.
I paid 502.95 satoshi/byte yesterday for a transaction I did after I received some bitcoins and I am not raging because I spent a lot of fees for a relatively small transaction. The transaction did confirm within 7-8 minutes and I cannot say transactions don't get confirmed now. It is the users who sent transaction with low fee satoshi/byte that makes the transaction confirm much longer or don't confirm at all.
The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
I paid 90 s/b today and got an instant confirmation. I think first one was after 10 min, full conf after 25. It's a large improvement from what was happening in May. Back then I was paying 50s/b and had to wait 2-3 days. I was even forced to use an accelerator once because my transaction wouldn't confirm for over 70 hours! You needed like 120 s/b to catch a miner's eye. The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
You are missing the main problem here. The miner community just can't agree on the solution/development method which can carry bitcoin to a higher level.
If bitcoin stays like this forever, sooner or later it will be outdated by something else. ETH is already very close and if bitcoin don't get an upgrade soon, eth will overtake its position. If it wasn't ETH, something else was going to do the job anyway.
I am not ignoring the main issue. I agree that the block size limit is going to be a major impediment for the future progress of Bitcoin. But I am saying that all the hype about the delayed transactions are not that honest. Transactions are getting confirmed pretty quickly now. But yes. I agree that we need a solution without any further delay.
Something will give eventually. No large businesses are going to start to transact in a currency with 30+ minute confirmation times and multi-dollar fees. The free market will make a replacement in due time. NEM with Mijin/Catapult would be a good one.
The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
Businesses aren't adopting bitcoin anyway. As for me, I'd much rather spend fiat than bitcoin, mainly because of confirmation times but nowadays because of the fees. They're way too high. Why should I pay anything just for the privilege of spending my own money. Fuck that. I'm getting tired of bitcoin and this community and I'm starting to realize that bitcoin is an awful solution to a problem that doesn't even exist in the first place.The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
Maybe in your world but not in mine.
When I'm spending money I have to pay taxes, when I'm not spending I'm hit with card fees and inflation. My transfers usually take 24h and aren't executed on weekends.
If i'm sending abroad I have to pay for conversion and when there's maintenance I can't even log in to check my balance. Is BTC really worse than fiat?
The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
You are missing the main problem here. The miner community just can't agree on the solution/development method which can carry bitcoin to a higher level.
If bitcoin stays like this forever, sooner or later it will be outdated by something else. ETH is already very close and if bitcoin don't get an upgrade soon, eth will overtake its position. If it wasn't ETH, something else was going to do the job anyway.
The situation has been over-hyped and some individuals have used it to tarnish the reputation of Bitcoin. Look at the number of unconfirmed transactions. It is around 35K right now, and it has remained at the same level for the past 48 hours. And a few hours back, one of my transactions got confirmed within 1 hr, after paying a tx fee of just around 40 Sat/B. So the situation is not as bad as it sounds.
What happened to that consensus, I've seen talks about a conference where miners supposedly agreed to activate segwit in a few months time. I think they still have time to do it because that was going on like a month ago, but obviously they're taking their time. Did they change their minds and it won't happen? Any news?
Something will give eventually. No large businesses are going to start to transact in a currency with 30+ minute confirmation times and multi-dollar fees. The free market will make a replacement in due time. NEM with Mijin/Catapult would be a good one.
The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
Businesses aren't adopting bitcoin anyway. As for me, I'd much rather spend fiat than bitcoin, mainly because of confirmation times but nowadays because of the fees. They're way too high. Why should I pay anything just for the privilege of spending my own money. Fuck that. I'm getting tired of bitcoin and this community and I'm starting to realize that bitcoin is an awful solution to a problem that doesn't even exist in the first place. The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
1.
it was not the pools that caused the fee war.. devs REMOVED fee control mechanisms
2.
segwit is not a solution, its just a empty gesture of half baked promises.. that even if everyone used segwit would still only have the HOPE of 7tx/s, which is the same hope of 2009-2015
3. the other things segwit promised to offer wont happen. EG eradicate quadratics.. sorry but quadratic spammers gonna continue quadratic spamming on native keys. and yes it only takes 5-20 tx's to fill a block using many diffrent forms of bloat attacks. so segwit isnt solving crap
4. if you think segwit is the hope for LN.. well you might as well use multisig contracts with bitgo or xapo or coinbase as it will end up being the same thing once you wash all the glitter off.
5. if you still want to blame pools just for not voting for it, ask the hard question WHY. and also realise again it was the devs that decided the stupidest route to implement something
6. if you still want to blame pools and say they are objecting to something for fee's then you shuold never blame the same pools for doing empty blocks. because they cant be doing both, logically
it was not the pools that caused the fee war.. devs REMOVED fee control mechanisms
2.
segwit is not a solution, its just a empty gesture of half baked promises.. that even if everyone used segwit would still only have the HOPE of 7tx/s, which is the same hope of 2009-2015
3. the other things segwit promised to offer wont happen. EG eradicate quadratics.. sorry but quadratic spammers gonna continue quadratic spamming on native keys. and yes it only takes 5-20 tx's to fill a block using many diffrent forms of bloat attacks. so segwit isnt solving crap
4. if you think segwit is the hope for LN.. well you might as well use multisig contracts with bitgo or xapo or coinbase as it will end up being the same thing once you wash all the glitter off.
5. if you still want to blame pools just for not voting for it, ask the hard question WHY. and also realise again it was the devs that decided the stupidest route to implement something
6. if you still want to blame pools and say they are objecting to something for fee's then you shuold never blame the same pools for doing empty blocks. because they cant be doing both, logically
Something will give eventually. No large businesses are going to start to transact in a currency with 30+ minute confirmation times and multi-dollar fees. The free market will make a replacement in due time. NEM with Mijin/Catapult would be a good one.
The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
The bigger they are, the longer it will take for them to fall, but make no mistake, they WILL fall in time. The free market naturally corrects market imbalances in time. For now, the miners can enjoy their profits.
I am coming back. But things have not improved yet. Bitcoin is becoming a loser!
What is really your concern about Miners?, actually they don't give a thing about what you really feel, you should be thankful that miner are there in the first place because if there are no miners there are no blocks and no bitcoin, bitcoin earning really start in mining actually, and the fact that bitcoin value actually increase is because they are the first reason behind it.
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