Topic: Fees high - page 3. (Read 2626 times)
The miners are not going to complain. Look at some of the previous blocks. Check Block #654997. The block reward is BTC6.250 and the fee reward is BTC1.850. So in total, the mining pool (Poolin), received BTC8.10, which is at least 15% higher than the average. But while the miners are happy, the users and merchants are not very excited about it. I was about to send a transaction today, but had to cancel it due to high fees.
As much as it is a network it still needs to be sustained. That is why you notice that the the fees are kind of high. It also depends on the fluctuations which are not that often but do occur. Then again it is true that bitcoin mining is not for everyone. If you want to mine bitcoins and get a lot out of it then you need to have a lot of resources at hand. the fees are just ok just that you are looking at with the wrong perspective and once you get the right perspective you will be able to get what I mean. You can still have a lot of bitcoin by starting off as a miner. It is all about how you mine.
fees are high just because there is a strong hype behind bitcoin. *We have seen in the past a lot of situation with a mempool full and tx processed after several days.
But this is a good sign for all us, since there is interest to use bitcoin blockchain and process fast txs. I have payed hundreds of USD in the past. If a tx isn't really necessary just wait or setup the lowest fees.
I am agree with usage of dogecoin. it allow to move fast bitcoin between two exchange with low fees.
But this is a good sign for all us, since there is interest to use bitcoin blockchain and process fast txs. I have payed hundreds of USD in the past. If a tx isn't really necessary just wait or setup the lowest fees.
I am agree with usage of dogecoin. it allow to move fast bitcoin between two exchange with low fees.
yes it become ;bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money.Where is peer to peer electronic cash for people?
Grin fixes this
"The fact that clients have to keep the entire history reduces the privacy benefit''
Satoshi Nakamoto
Hi, I’m a newbie to bitcoin and have used a broker to trade for me. The broker has used a platform called Cryptomintfx, which my initial investment of 500GBP made over 80,000USD, apparently, I can view this and have a login to the Platform.
The question I have with fees that are associated with withdrawing these funds to a Luno acct, I’m being asked to pay 1550GBP to Cryptomintfx. They tell me that I need to upgrade to a ‘Gold’ account because I’ve made over a certain threshold in the trade. They tell me I’ll have the funds within 30mins in my Luno acct.
Am I being scammed here or is this real?
Any guidance would be helpful.
It looks very scammy. I had a look at the site and suddenly reminded me of those HYIP sites that have scammed many along the way. I guess you should open a thread on your own so that others can also share their experience.The question I have with fees that are associated with withdrawing these funds to a Luno acct, I’m being asked to pay 1550GBP to Cryptomintfx. They tell me that I need to upgrade to a ‘Gold’ account because I’ve made over a certain threshold in the trade. They tell me I’ll have the funds within 30mins in my Luno acct.
Am I being scammed here or is this real?
Any guidance would be helpful.
My advice is to not pay! Better to have lost £500 than three times that amount.
By the way, your issue has nothing to do with the high fees we are facing right now.
Hi, I’m a newbie to bitcoin and have used a broker to trade for me. The broker has used a platform called Cryptomintfx, which my initial investment of 500GBP made over 80,000USD, apparently, I can view this and have a login to the Platform.
The question I have with fees that are associated with withdrawing these funds to a Luno acct, I’m being asked to pay 1550GBP to Cryptomintfx. They tell me that I need to upgrade to a ‘Gold’ account because I’ve made over a certain threshold in the trade. They tell me I’ll have the funds within 30mins in my Luno acct.
Am I being scammed here or is this real?
Any guidance would be helpful.
The question I have with fees that are associated with withdrawing these funds to a Luno acct, I’m being asked to pay 1550GBP to Cryptomintfx. They tell me that I need to upgrade to a ‘Gold’ account because I’ve made over a certain threshold in the trade. They tell me I’ll have the funds within 30mins in my Luno acct.
Am I being scammed here or is this real?
Any guidance would be helpful.
Bitcoin fees have long been high but there are still many users until now.
How long is "have long been high"? If we check the mempool for the last 30 days, there are days [mostly weekends] that you can send with less than 10 sats/vbyte and transaction will confirm within the hour or next. That's like a few cents if you convert it to fiat at current rate https://jochen-hoenicke.de/queue/#0,30d Bitcoin fees have long been high but there are still many users until now. You still have a choice if you don't want to pay higher fees in bitcoin. Try to use alternative coins if you want lower fees or put a lower fees in your bitcoin transaction but you should wait a little bit longer before it reach in your wallet. Also the transaction fees will change and not stay in a higher fees forever. So, don't worry.
Im using alternative coins when needing to send fund instantly, there is no denying that bitcoin fee is getting higher and higher and some can't afford that high. Aside from using alternative coin to avoid high transaction fee, you can just optimize the transaction fee but the downfall would be you'll be waiting for a period of time for it to succeed. Bitcoin still preferable, just use it when your not in a hurry and does not want to spend large amount of transaction fee.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
But it's just so happen that the network is congested this time and the price increased. In result, we get to see high fee and the equivalent of the denomination for the fee has increased too if we're converting it to the USD.
I wouldn't care if I transfer that much amount and pay around $1-$10 of fee. But if I transfer small amount, that's when I become conscious about the fees. But as long as you'll pay with the recommended fee, do it and use free acceleration service such as viabtc to quicken the confirmation.
Be prepare too and have more patience with the congestion that we're having.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
Maybe the best way is to hold until the fees became lower, that's what I always do whenever the fee is high. Minimum salary here in my county per day is only around 10$, there are so many jobs that pay much lower, so even the lowest fee will still hurt, yesterday, the lowest fee I can get to transfer my btc is around 1 dollar and it takes almost 24 hours before I receive it, it's fine as long as I don't need as soon as possible, but it's a hassle sometimes, much more to other people who really needs it asap, but what can I do, it's the fee that I can afford.
Maybe if you are not in a hurry to receive your funds, better opt for lower fees. Check also the mempool activity before you send your funds. Also, if you are expecting to send money few days from now, maybe send it earlier so even if it takes hours and days, you have allotted time for that. Also, upon sending my btc, I used the bitaccelerate (https://bitaccelerate.com/) free accelerator to broadcast my transaction. Hoping it will help a lil bit in pushing my tx.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
Maybe the best way is to hold until the fees became lower, that's what I always do whenever the fee is high. Minimum salary here in my county per day is only around 10$, there are so many jobs that pay much lower, so even the lowest fee will still hurt, yesterday, the lowest fee I can get to transfer my btc is around 1 dollar and it takes almost 24 hours before I receive it, it's fine as long as I don't need as soon as possible, but it's a hassle sometimes, much more to other people who really needs it asap, but what can I do, it's the fee that I can afford.
Its just really sucks when you are in a hurry on getting those funds but since the network is clogged then theres nothing you can do yet this had been the common
scenario in btc in the times where its price is shooting up.So its better to sit down and wait up until those tx were processed.This might be an old thread but still
quite relevant on making up discussions about high fees yet its still evident as of todays.Theres nothing we can do about it yet this had been the problem
since from the beginning.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
Maybe the best way is to hold until the fees became lower, that's what I always do whenever the fee is high. Minimum salary here in my county per day is only around 10$, there are so many jobs that pay much lower, so even the lowest fee will still hurt, yesterday, the lowest fee I can get to transfer my btc is around 1 dollar and it takes almost 24 hours before I receive it, it's fine as long as I don't need as soon as possible, but it's a hassle sometimes, much more to other people who really needs it asap, but what can I do, it's the fee that I can afford.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
No other option as transaction fees are really huge, if you are not willing to pay it then try to use other crypto or keep it inside your wallet is the best thing
to do, while other people already aware and they are willing to take this to continue using bitcoin, you need to assess yourself and understand how will you
adjust during this high implemented fees.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Cool story bruh.
Fees are still high. I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Don't use bitcoin if you are not willing to pay higher transaction fees. Or, Just hold your bitcoin and wait until bitcoin transaction fees become lower. Not only rich people are using bitcoin ,even those with small capital also using it despite of higher fees.
Bitcoin fees have long been high but there are still many users until now. You still have a choice if you don't want to pay higher fees in bitcoin. Try to use alternative coins if you want lower fees or put a lower fees in your bitcoin transaction but you should wait a little bit longer before it reach in your wallet. Also the transaction fees will change and not stay in a higher fees forever. So, don't worry.
So is! The Bitcoin network is congested. I wish it would be resolved within a few days. If it is not decongested I would have to exchange Bitcoin for Ethereum to get some Fiat that I normally do every week.
One day we will have a solution to these network problems when there is always a lot of demand. First it was Ethereum now it is Bitcoin.
One day we will have a solution to these network problems when there is always a lot of demand. First it was Ethereum now it is Bitcoin.
it's going to be a big deal when someone only has a little bitcoin. But the best solution is to exchange bitcoin for altcoin for a cheaper fee. Currently the most expensive transaction fees are bitcoin and ethereum. So avoid transactions using it.
This only applicable when your BTC is on exchanges.Approximately 0.0007 (10$) fee per transaction..
mempool.space estimates around $4 [200+ sats/vb] for low priority transactions right now. That's still considerably high if you compare it to previous weekend transactions. The mempool will probably clear up a bit by Sunday or Monday. Seriously, traders needs to take a little break.
it's going to be a big deal when someone only has a little bitcoin. But the best solution is to exchange bitcoin for altcoin for a cheaper fee. Currently the most expensive transaction fees are bitcoin and ethereum. So avoid transactions using it.
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