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Topic: Have the fees gone down? - page 2. (Read 301 times)

hero member
Activity: 2324
Merit: 513
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February 22, 2018, 10:12:22 PM
#10
There's no congestion in the network + the attacks are gone too = low fee and quick transactions.
This is a very light network and we all want bitcoin to remain cool and stable with this situation.
legendary
Activity: 2576
Merit: 1655
February 22, 2018, 10:05:39 PM
#9
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

Yes, the fees has been down. Mempool is not that clogged and the unconfirmed transactions is down between 3K-4K at any given time. One reason for the dramatic downturn is that the network spammer has suddenly stop.

Segwit though is not yet accepted by big exchanges but soon they will like Coinbase. And we all know that exchanges are one of the biggest network spammer as well but most of them have withdrawals in batch, which also help alleviate the network congestion.
hero member
Activity: 3080
Merit: 603
February 22, 2018, 08:58:32 PM
#8
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.
You were lucky mate for sending with few cents unlike my wrong move last time during the attack I paid $160 which is really painful yet I don't have choice by that time.  Undecided
Good thing that people are starting to use Segwit wallets, this will give a faster transactions and lesser fees. The suffering of long transactions and expensive fees is eventually lessen due to this.
legendary
Activity: 2730
Merit: 1288
February 22, 2018, 08:08:57 PM
#7
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.


There were spam attacks on Bitcoin and increased number of transactions during Nov-Jan ATH spikes. Combining both events fees went crazy. Right now are back to normal. We will see what will neer future bring. if it will stay like this that is perfect.
legendary
Activity: 1414
Merit: 1039
February 22, 2018, 08:01:42 PM
#6
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

Yes, the fees are down right now because of the lack of unconfirmed transactions. When there's a large overflow, then only will you end up with terrible fees. As of now, you can use blockchain.info to check how many unconfirmed transactions there are.

As of now, you'll have much less of a fee than you would have had in December because everyone was trying to sell back then. It's a little more stable as of now.
hero member
Activity: 1666
Merit: 753
February 22, 2018, 06:05:17 PM
#5
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

You can pretty much send with something like 20 sats/byte right now and still get confirmations.

The number of unconfirmed transactions have gone down dramatically. This has contributed to the decline in fees as well.

Just not that long ago fees were pretty much around 0.002 BTC per transaction, while now it's less than 0.0001 BTC for my transactions from electrum. Pretty amazing if you think about the volatility that involves, from around more than $40 per transaction to under $1.

Fee history can be viewed here, btw: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
sr. member
Activity: 1624
Merit: 267
February 22, 2018, 06:02:04 PM
#4
The transaction fee of the bitcoin already decreased and that's good to us because for us we can transfer bitcoin anywhere we want.  I hope the transaction fee will become stable and will not increase again.  Count to think of it from 10 dollars fee from cents dollars now we can save more money from bitcoin. The segwit now very works it's very helpful to us for sure many people are now happy.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
February 22, 2018, 03:51:27 PM
#3
Fees have dropped dramatically in recent weeks. You can check the best/advised transaction fees here -

https://btc.com/stats/unconfirmed-tx
hero member
Activity: 735
Merit: 1765
February 22, 2018, 03:24:46 PM
#2
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.

Mempool is down.. so you do not have bid for position on the next block...


Also for anyone who has hundred of small transactions, now is a good time to consolidate your unspent transactions....
newbie
Activity: 84
Merit: 0
February 22, 2018, 03:02:48 PM
#1
I just transferred about 1 BTC to a wallet and the fee was something like 20 cents. Is that right? I recall having fees of $25 back in December for the same amount. I'm using Segwit by the way.
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