Fees!!! | Bitcointalksearch.org

Lecsor

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Quote from: MinerHQ on June 03, 2017, 08:03:45 PM

Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

Yes, bitcoins are no more attractive for smaller amount transactions instead if you want to do big amount still OK, But I suggest we need to move to alt-coins for smaller amount transactions otherwise there is no meaning to pay 20 to 40% fee for the small amounts to send. This will give an opportunity to another coin to grow bigger and currently looks like best altcoin will be ETH.

Perhaps Bitcoin, because of its high cost of translations, may become irrelevant, since it will be simply unprofitable to use Bitcoin for a simple Bitcoin user, when transfers from Wallet to Wallet or Paying something will be very expensive, because very small amounts are transferred.

iluvbitcoins

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Quote from: Barbut on June 03, 2017, 03:23:31 PM

Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

That is too much, to pay 50% transaction fee is ridiculous! Maybe you need to think about changing your wallet, some where you can adjust sending fee. I wait for my transactions and I don't complaint much cause I always set up minimal sending fee, but there was cases where I waited more then 3-4 days, but sometimes it's fast.
Casino's don't have nothing with price of bitcoin and transactions, and I don't understand why would they be responsible if price drop while you wait for confirmation? Would anyone return money if price goes up?

Changing a wallet won't change much, just the recommended fee..
You can send a lower fee but will it confirm?

It's true fees are going out of hand for quite some time, bitcoin has some big scaling issues

Quote from: MinerHQ on June 03, 2017, 08:03:45 PM

Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

Yes, bitcoins are no more attractive for smaller amount transactions instead if you want to do big amount still OK, But I suggest we need to move to alt-coins for smaller amount transactions otherwise there is no meaning to pay 20 to 40% fee for the small amounts to send. This will give an opportunity to another coin to grow bigger and currently looks like best altcoin will be ETH.

If you look at the market a year or more ago, you'll notice no alt coin can come nearly as close to bitcoin at all
Today we have many alternate cryptocurrencies that have huge market caps even comparable to bitcoin itself
It's all because of the scalebility issues, nothing else.

MinerHQ

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Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

Yes, bitcoins are no more attractive for smaller amount transactions instead if you want to do big amount still OK, But I suggest we need to move to alt-coins for smaller amount transactions otherwise there is no meaning to pay 20 to 40% fee for the small amounts to send. This will give an opportunity to another coin to grow bigger and currently looks like best altcoin will be ETH.

rytyr

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Quote from: Barcode_ on June 03, 2017, 02:58:44 PM

I think one of the reason Ethereum price on the rise was because Bitcoin were having too much unconfirmed transaction in the blockchain, and this resulted in a lot of players to use higher miner fees for their deposit and withdrawal on bitcoin casino sites, and even with the high fees, sometimes the wait for the minimum confirmation required could still take a long time. I have also been playing with ethereum deposit recently because of the faster confirmation and the lower miner fees that I have to pay

What are the number of unconfirmed transactions total now?
I heard they were at over 200k but that was over five days ago.
There was a link to see how many there are. It was from blockchain i believe but couldn't remember the link to it all the sudden. Undecided

I think I am having an aneyrism or something thinking of all these unconfirmed now which are all costing us big time to send out even a small amount now. Embarrassed

Winner

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Quote from: dothebeats on June 03, 2017, 03:21:55 PM

Nah, casinos won't care and they still process your withdrawals with the appropriate fee that is available during your time of withdrawal so as to avoid further confusion and hassles on both parties. Also, it is not their fault if prices dropped during your withdrawal. That is way beyond their call anyways.

That’s right, Bitcoin Casino owners can do pretty much whatever it is that they want and set the transaction or betting fees at whatever price they please because they own the Casino. The people complaining about those fees may not be making as much money as them though it does count as a privilege to play in the Casino right now since there is no highly reputable decentralized Bitcoin Casino platform that is on the Internet for people to use at the moment.

marlboroza

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Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

You missed point of this discussion.
We are talking about fees in casino, not bitcoin fees in general
But yeah, i couldn't agree more, it's waste of money to send low transactions because of very high fee.
I think more and more people will start to use altcoins instead of bitcoins - low fee - fast transactions. Problem solved.

Barbut

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Quote from: LLec on June 03, 2017, 01:43:59 PM

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

That is too much, to pay 50% transaction fee is ridiculous! Maybe you need to think about changing your wallet, some where you can adjust sending fee. I wait for my transactions and I don't complaint much cause I always set up minimal sending fee, but there was cases where I waited more then 3-4 days, but sometimes it's fast.
Casino's don't have nothing with price of bitcoin and transactions, and I don't understand why would they be responsible if price drop while you wait for confirmation? Would anyone return money if price goes up?

dothebeats

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Nah, casinos won't care and they still process your withdrawals with the appropriate fee that is available during your time of withdrawal so as to avoid further confusion and hassles on both parties. Also, it is not their fault if prices dropped during your withdrawal. That is way beyond their call anyways.

Barcode_

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I think one of the reason Ethereum price on the rise was because Bitcoin were having too much unconfirmed transaction in the blockchain, and this resulted in a lot of players to use higher miner fees for their deposit and withdrawal on bitcoin casino sites, and even with the high fees, sometimes the wait for the minimum confirmation required could still take a long time. I have also been playing with ethereum deposit recently because of the faster confirmation and the lower miner fees that I have to pay

LLec

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Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. Angry

el kaka22

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Quote from: shanem on May 31, 2017, 02:40:56 AM

Fees are not a problem for all the gambling sites I played with. All the gambling sites already made a lot of money from the winnings they gained through the house edge. Therefore, it makes no sense for any gambling sites to save on the btc transaction cost as it could destroy their reputation. Everyone will take withdrawal seriously so serious gambling site will save money on this.

Yes I agree the fees is not really a great problem for the gambling sites. But if we look at it these are the indirect expenses for the gambling sites and all the business want to reduce the expenses. The extra fees should be paid by the winners themselves to accelerate the transaction confirmations. I don’t think the gambling sites are responsible for it.

hatshepsut93

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Quote from: eternalgloom on June 02, 2017, 11:03:13 AM

Quote from: adzino on June 02, 2017, 10:28:29 AM

Quote from: shield132 on June 01, 2017, 04:42:27 PM

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

You should try crypto-games.net

They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

I almost exclusively use Crypto-Games because of that feature! And I'm not just saying that because I'm a part of their signature campaign.
It feels so good to get your payment in less than 10 minutes while on other sites you're waiting for days usually.

And they implemented that feature after some users asked about it in chat on their website, if that isn't good customer service, I don't know what is.

I like Crypto-Games, but they don't have batch withdrawals like at YOLOdice or Poloniex, they are far superior to instant transactions even with flexible fees because of their cost - just 10 000 satoshi. This is possible because transcation fees depend on size, and size is determined by number of input and output addresses. Input addresses add much more size than outputs, so it's cheaper to send bitcoins from one address to multiple rather than from multiple to one. So with batch withdrawals you have to wait till enough people want to withdraw and then send it in a single transaction.

shintosai

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Quote from: tayrey on June 02, 2017, 11:07:46 AM

Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

Its kind of moronic to think a casino would be responsible for the exchange rate to exchange in a different currency than you gambled with. I wish I could do it then I would complain to the site every time the euro, the swiss france or the british pound made gains on the dollar each time I withdrew but the reality is you gamble one currency you get paid out in that currency regardless of the time banks or in this case the bitcoin network takes to credit you that money.

and besides its still the same amount of btc that you withdraw house won't change that you can always wait for another pump if you want
so same exact amount that you wanted will be able to exchange to your fiat.

tayrey

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Quote from: Lucky7btc on May 26, 2017, 11:00:06 AM

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

Its kind of moronic to think a casino would be responsible for the exchange rate to exchange in a different currency than you gambled with. I wish I could do it then I would complain to the site every time the euro, the swiss france or the british pound made gains on the dollar each time I withdrew but the reality is you gamble one currency you get paid out in that currency regardless of the time banks or in this case the bitcoin network takes to credit you that money.

eternalgloom

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Quote from: adzino on June 02, 2017, 10:28:29 AM

Quote from: shield132 on June 01, 2017, 04:42:27 PM

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

You should try crypto-games.net

They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

I almost exclusively use Crypto-Games because of that feature! And I'm not just saying that because I'm a part of their signature campaign.
It feels so good to get your payment in less than 10 minutes while on other sites you're waiting for days usually.

And they implemented that feature after some users asked about it in chat on their website, if that isn't good customer service, I don't know what is.

adzino

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Quote from: shield132 on June 01, 2017, 04:42:27 PM

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

You should try crypto-games.net

They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

Qartersa

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Quote from: KingdomHearts on June 02, 2017, 10:03:36 AM

Quote from: Betwrong on May 30, 2017, 02:03:39 PM

Quote from: Xavofat on May 30, 2017, 01:07:43 PM

Fees are still not significant, really.

For most people who gamble significant amounts, especially those who use sports related sites or do arbitrage betting, it really doesn't matter that they pay a couple of dollars to get confirmations, because Bitcoin is still more convenient than fiat for online gambling.

You could always use an altcoin as well.

Then maybe it's time to think on implementing an option for gamblers to choose fees they like, starting from the minimal fee which is taken by a casino by default. Also I think it would be helpful to show the link to this site: https://bitcoinfees.21.co/ because not all gamblers are aware of its existence, and, at least from my experience, there are pretty accurate estimations there.

This is good to share the information for the knowledge of the gamblers. It depends upon the wish and will of the user that what type of plan is he interested in and which suits him the best. But I am not much sure about the plans that how it works. Anyway this is a great effort done for those to see and select according to the need. I appreciate it.

I think there are gambling sites that offers options to the gamblers on what fees to pay. I think this is implemented in yolodice, I am not sure though because I forgot where it was, but they have a system that asks if you want to pay a low fee but it will take some time or a higher fee and it will be instantly sent without waiting for others to share the fees.

KingdomHearts

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Quote from: Betwrong on May 30, 2017, 02:03:39 PM

Quote from: Xavofat on May 30, 2017, 01:07:43 PM

Fees are still not significant, really.

For most people who gamble significant amounts, especially those who use sports related sites or do arbitrage betting, it really doesn't matter that they pay a couple of dollars to get confirmations, because Bitcoin is still more convenient than fiat for online gambling.

You could always use an altcoin as well.

Then maybe it's time to think on implementing an option for gamblers to choose fees they like, starting from the minimal fee which is taken by a casino by default. Also I think it would be helpful to show the link to this site: https://bitcoinfees.21.co/ because not all gamblers are aware of its existence, and, at least from my experience, there are pretty accurate estimations there.

This is good to share the information for the knowledge of the gamblers. It depends upon the wish and will of the user that what type of plan is he interested in and which suits him the best. But I am not much sure about the plans that how it works. Anyway this is a great effort done for those to see and select according to the need. I appreciate it.

shield132

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Quote from: michkima on June 01, 2017, 09:23:57 PM

Quote from: shield132 on June 01, 2017, 04:42:27 PM

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

Uhh. What you said is baseless and really seems that you know nothing about gambling sites and bitcoins.

Gambling sites set a fixed amount of fees. So big or small withdrawals will have the same transaction fees. For example, if the site sets a 250sat/byte miner's fee, then even if you withdraw 1btc or 1mbtc it will have the same fees included in them.

Hence, withdrawing small amounts will not change anything.

Seems you can't understand what I posted. I mean situation when site has fixed 0.0004 withdraw fee, of course this is useless for withdrawing 1 btc. I had same situation and after no confirmation for 2 day, thanks to transaction accelerators, I got confitmation by using them. And if website has 250 sat/byte fixed than yes, it doesn't matter if amount is 0.01 btc or 1000 btc.
Hope I explained everything.

michkima

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Quote from: shield132 on June 01, 2017, 04:42:27 PM

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

Uhh. What you said is baseless and really seems that you know nothing about gambling sites and bitcoins.

Gambling sites set a fixed amount of fees. So big or small withdrawals will have the same transaction fees. For example, if the site sets a 250sat/byte miner's fee, then even if you withdraw 1btc or 1mbtc it will have the same fees included in them.

Hence, withdrawing small amounts will not change anything.

Topic: Fees!!! (Read 2877 times)