fees? - page 2. | Bitcointalksearch.org

Syke

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Quote from: ckai93 on June 08, 2017, 11:22:42 PM

if i'm not wrong, one of the aims of cryptos were to reduce to cost of transactions but now it's getting almost on par or even higher than traditional currency transaction fees. Huh

I just sold something for .4 btc. Had that been a credit card purchase, the fee would have been $30. The btc fee was $2. I greatly prefer btc.

mraksoll

jr. member

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Quote from: notyours on June 08, 2017, 01:18:17 AM

yeah i was wondering also why that fee goes too high.. if i use the low fee it will take more time to make the transaction completed. is there any way to make it fast? yes there are a way if you didnt know. There is a site name "VIABTC"which can boost the transaction, using low fee isnt bad at all but miners will be sad because they will get low profit while they are farming..

Miners be very sad if all what they mine 1 moth they need pay for fee for send , when fee be 1 btc end btc - usd be 100 000 Grin

end i think the whole Internet will be filled with services to accelerate the transaction with a smaller commission, with another commission in the form of a fee to the service.
or smart miners start reject the fast transaction end collect the transaction with not fee for faster find block - solo miners or small pool's where price for finding block is actual )

achow101

staff

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Just writing some code

Quote from: ckai93 on June 08, 2017, 11:22:42 PM

also find this quite ridiculous Angry

how are old transactions cheaper when btc was less inflated and there were less miners Roll Eyes

Transactions were cheaper because there were less transactions. Blocks weren't full so there wasn't any fee pressure and thus you didn't really have to pay any fees. That has nothing to do with inflation or miners.

Quote from: ckai93 on June 08, 2017, 11:22:42 PM

if i'm not wrong, one of the aims of cryptos were to reduce to cost of transactions but now it's getting almost on par or even higher than traditional currency transaction fees. Huh

You are wrong. The purpose of creating Bitcoin was to create a money system which did not rely on a central authority. It was not to create a global currency that had cheap transaction fees.

ckai93

newbie

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also find this quite ridiculous Angry

how are old transactions cheaper when btc was less inflated and there were less miners Roll Eyes

if i'm not wrong, one of the aims of cryptos were to reduce to cost of transactions but now it's getting almost on par or even higher than traditional currency transaction fees. Huh

ranochigo

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Crypto Swap Exchange

Quote from: notyours on June 08, 2017, 01:18:17 AM

yeah i was wondering also why that fee goes too high.. if i use the low fee it will take more time to make the transaction completed. is there any way to make it fast?

Pay a high fee or push for a scaling method.

Quote from: notyours on June 08, 2017, 01:18:17 AM

yes there are a way if you didnt know. There is a site name "VIABTC"which can boost the transaction, using low fee isnt bad at all but miners will be sad because they will get low profit while they are farming..

Honestly, they know this. ViaBTC allows a limited number of transactions to be accelerated for free. The loss in profits is so small that they really wouldn't mind if that gives people more knowledge about Bitcoin Unlimited, which they are pushing for. Most other mining pools requires a fee for them to mine it.

notyours

sr. member

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yeah i was wondering also why that fee goes too high.. if i use the low fee it will take more time to make the transaction completed. is there any way to make it fast? yes there are a way if you didnt know. There is a site name "VIABTC"which can boost the transaction, using low fee isnt bad at all but miners will be sad because they will get low profit while they are farming..

TechPriest

sr. member

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Finis coronat opus

Quote from: achillez on June 02, 2017, 01:12:19 AM

What happened to the days of 0.1mbtc (or less) fees?

They gone forever to us. Now you must pay at least 0.4 mBTC for successful and fast transaction.

Remainder

hero member

Activity: 949

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For me I think the fee is really matter especially if you pay higher fee then your transaction is above priority and if it's low then it is possible that the transaction will be less priority but it also matter on how many transaction a every time.

DannyHamilton

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Quote from: ranochigo on June 02, 2017, 01:46:19 AM

Quote from: mindrust on June 02, 2017, 01:17:52 AM

- snip-
It will get confirmed fast and cheap.

Your transaction probably still won't get confirmed.

It probably will.

Quote from: ranochigo on June 02, 2017, 01:46:19 AM

ViaBTC isn't a charity,

No, but they do offer a free service where they will include your transaction in the next block they solve as long as you meet certain conditions.

Those conditions are:

Your transaction does not spend any unconfirmed outputs
Your transaction pays a fee of at least 0.0001 BTC per kilobyte
They have not seen any other valid transaction that spends any of the same outputs
Your transaction is in their memory pool
You are one of the first 100 such valid requests they receive in any given hour

Quote from: ranochigo on June 02, 2017, 01:46:19 AM

they are still going to prioritise those with a higher fee.

That is not currently true. They may change their mind in the future, but right now they are willing to prioritize 100 lower fee transactions per hour that meet the proper conditions.

ranochigo

legendary

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Crypto Swap Exchange

Quote from: mindrust on June 02, 2017, 01:17:52 AM

Quote from: achillez on June 02, 2017, 01:12:19 AM

Been a while since I've played with bitcoin. Tried the electrum client out recently, kind of nice. I tried experimenting with some old wallet with 1mbtc in it, sweeping it and moving to a electrum address. I was a bit stunned to see the fee is roughly 0.6mbtc, so I only get 0.4 mbtc left Is this typical? What happened to the days of 0.1mbtc (or less) fees?

Fees are fucked up lately.

You can set the fee manually in electrum's settings. Set it as low as you can (not lower than 30-40satoshi/byte) and submit your transaction here: https://www.viabtc.com/tools/txaccelerator/

It will get confirmed fast and cheap.

Your transaction probably still won't get confirmed. ViaBTC isn't a charity, they are still going to prioritise those with a higher fee.

Unfortunately, thats the truth. If you don't want to pay the high fees, you aren't getting it confirmed within a reasonable period of time. If you want, you can change the dynamic fee slider to the left. If not, you can just use the fees taken from bitcoinfees.21.co.

susila_bai

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Quote from: mindrust on June 02, 2017, 01:17:52 AM

Quote from: achillez on June 02, 2017, 01:12:19 AM

Been a while since I've played with bitcoin. Tried the electrum client out recently, kind of nice. I tried experimenting with some old wallet with 1mbtc in it, sweeping it and moving to a electrum address. I was a bit stunned to see the fee is roughly 0.6mbtc, so I only get 0.4 mbtc left Is this typical? What happened to the days of 0.1mbtc (or less) fees?

Fees are fucked up lately.

You can set the fee manually in electrum's settings. Set it as low as you can (not lower than 30-40satoshi/byte) and submit your transaction here: https://www.viabtc.com/tools/txaccelerator/

It will get confirmed fast and cheap.

What you are suggesting good but for that he have to spare the time and on correct time have to execute the accelerator in viabtc if not it wont succeed.

mindrust

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Quote from: achillez on June 02, 2017, 01:12:19 AM

Been a while since I've played with bitcoin. Tried the electrum client out recently, kind of nice. I tried experimenting with some old wallet with 1mbtc in it, sweeping it and moving to a electrum address. I was a bit stunned to see the fee is roughly 0.6mbtc, so I only get 0.4 mbtc left Is this typical? What happened to the days of 0.1mbtc (or less) fees?

Fees are fucked up lately.

You can set the fee manually in electrum's settings. Set it as low as you can (not lower than 30-40satoshi/byte) and submit your transaction here: https://www.viabtc.com/tools/txaccelerator/

It will get confirmed fast and cheap.

achillez

hero member

Activity: 874

Merit: 1000

Been a while since I've played with bitcoin. Tried the electrum client out recently, kind of nice. I tried experimenting with some old wallet with 1mbtc in it, sweeping it and moving to a electrum address. I was a bit stunned to see the fee is roughly 0.6mbtc, so I only get 0.4 mbtc left Is this typical? What happened to the days of 0.1mbtc (or less) fees?

Topic: fees? - page 2. (Read 3445 times)