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Topic: fee reached 500 BTC. - page 2. (Read 1352 times)

legendary
Activity: 2674
Merit: 2965
Terminated.
May 18, 2016, 09:00:42 AM
#8
fee reached 500 BTC.
It happens; nothing special (albeit it could be an error on the website itself). However, there is some weird behavior that my node has picked up on today so it might be something else as well.

I think this is healthy. With the increase in transaction volume, the fee will sure increase and eventually take over the reward from the newly generated coins. Therefore the effect of 4-yearly reward halving will eventually be diluted by this increase.
That's not what is going on here. Read the thread.

I expect this development will hasten the move into alts.
This is not any kind of development. There is no reason to use alts.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
May 18, 2016, 08:29:48 AM
#7
People can always use alts to move money, they don't have to use BTC. For example the fee when using doge is 1 Doge which is about 50 satoshis. I expect this development will hasten the move into alts.
legendary
Activity: 2282
Merit: 1023
May 18, 2016, 08:26:32 AM
#6
I think this is healthy. With the increase in transaction volume, the fee will sure increase and eventually take over the reward from the newly generated coins. Therefore the effect of 4-yearly reward halving will eventually be diluted by this increase.
legendary
Activity: 1582
Merit: 1006
beware of your keys.
May 18, 2016, 07:41:37 AM
#5
blockchain.info is not the best source of taking the information of bitcoin status, blockchain.info might not be accurate as people manipulates their data center like above said. blockchain.info does not go all the way to be providing the misleading information though.

edit: it is unconfirmed, once gone, then this kind of number will be gone from your source.
hero member
Activity: 935
Merit: 1002
May 16, 2016, 02:23:49 PM
#4
The actual number is less than 2BTC check here https://tradeblock.com/bitcoin or other normal blockchain explorer.Someone's just playing with blockchain.info, and it's infamous for showing bogus stuff on it, like the guy who moved satoshi's coins.
newbie
Activity: 18
Merit: 0
May 16, 2016, 12:37:46 PM
#3
its 1,911.32617861 its always change.. maybe you see that there's a time that fewer transactions.
But now the fee is really huge.. and its for miners fee.. also miner can receive this fee to confirm..
I never saw total fee as much as it.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
May 16, 2016, 12:29:33 PM
#2
its 1,911.32617861 its always change.. maybe you see that there's a time that fewer transactions.
But now the fee is really huge.. and its for miners fee.. also miner can receive this fee to confirm..
newbie
Activity: 18
Merit: 0
May 16, 2016, 12:12:34 PM
#1
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