Topic: high bitcoin fee!! - page 4. (Read 2372 times)
Unlike conventional traditional charging methods. Bitcoin fees don't depend on the amount you send. Instead of having to pay for every bitcoin you send, you only pay for the amount of data in each of your transaction blocks and they are measured by the "satoshis / byte data".
when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
Bitcoin fee is already been reduce after the implementation of lighting upgrade. Ethereum fee is not fix, it just happened that last year, Ethereum network is not yet congested but today the fee in Ethereum is also high compared before. i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
Unlike traditional financial institutions, which charge different rates for each transaction, Bitcoin fees are completely independent of the amount of money you are sending. As a result, the $ 5 shipping fee for Bitcoin may be the equivalent of $ 5,000. Fees are usually not in USD, nor in BTC. Instead, it is determined based on the amount of Satoshi on a data byte, abbreviated as sat / b. Hence, instead of paying for each bitcoin you send, you will pay for the amount of data in a block. Your transaction is taking place. Each standard transaction is usually 226 bytes in size, so your transaction confirmation time will depend on the amount of money you send.
Nope.. the fees is very less in bitcoin because the transaction are done by blockchain and in blockchain transaction fee is very less.
Bitcoin's first impression should be expensive, because Bitcoin's own technical limitations combined with huge transaction volume, resulting in a very slow transfer rate, you have to pay a high fee to get paid in time. However, this situation has started to improve since December last year, and bitcoin transaction costs have dropped from the $34 all the way to an 18-month low.
However, although the bitcoin transaction fee has dropped significantly, the transaction volume has also been greatly reduced. The reasons may be:
First, people are shifting to cheaper BTC alternatives; second, the buying boom in the digital currency market has cooled.
However, although the bitcoin transaction fee has dropped significantly, the transaction volume has also been greatly reduced. The reasons may be:
First, people are shifting to cheaper BTC alternatives; second, the buying boom in the digital currency market has cooled.
Fees matter in the difficulty of the network of Bitcoin, specially when the network of Bitcoin is really high traffic, expect that the transactions are high cost, but for me, the transaction fees are really small nowadays. So it's okay to send.
Why don't you try to switch to altcoin, because if we make transactions using altcoins other than bitcoin, the fee will be cheaper. As you say eth fee are cheaper than bitcoin.
This is the beginning of the negative characteristics of BTC. There is a high likelihood of increasing demand for BTC in the event of an existence.
Bitcoin fee means the transaction fee which occur when some one transfer bitcoin. And the transaction fee is the charge taken by the miners in order to complete an transaction. And the transaction fee mainly depend upon the block size of bitcoin. Block size directly proposal to the transaction fee. Small block size charge more transactions while large block size reduce transaction fee. Many people use bitcoin money transaction facility and because of this the transaction traffic increases and this thing cause increase in transaction fee.
What did you get for gold when you sold it? A lot of people have been searching for gold and never found it. They simply think they can do it. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation.
They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. High bitcoin costs many people to suffer from switching to alternative currencies and choosing one option. Stiff bitcoin prices are sometimes high and sometimes low so we have to think in a certain way.
They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. High bitcoin costs many people to suffer from switching to alternative currencies and choosing one option. Stiff bitcoin prices are sometimes high and sometimes low so we have to think in a certain way.
Cash? They are not forced. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation. They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. The problem with Lightening is that, when someone closes their network, he breaks down the entire Bitcoin group that runs through him. The problem is that when there are so many affiliate networks, people get the charge of the miner, and how is it parted? At the time these points were discovered, the LN script would be huge, and the connections were interrelated, no one could run the client on his computer, and focus (what we were trying to do). avoid) will come back.
You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation.
I really dislike when people compare them! you are definitely right . of course we would all prefer no fees, but fees are needed in certain situations , so calm down people. everyone gets ramped up so easily these days 
You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation.
when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
Yes i remember too back then. Bitcoin fee was high at the end of last year due the spiking price in the market.
different with ETH. If the gas price of eth is high, it means the network of eth is congesting, many transactions being processed.
The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.
There is different between the fees on bitcoin and ethereum in every transactions. Sometimes, fees depends on how much the system you are using to process the transactions. The fees depend on how much you do not want to stuck on traffic and you want much faster response and transfer of your transactions. It is the reason why there is high fee because some people do not want traffic.
So maybe the FEE increases with bitcoin along with the bigger bit of bitcoin so much is FEE for bitcoin or transaction for sending bitcoin to other wallets.
I think when the bitcoin price rises the fee will also be sent or withdrawn by the transaction I also think that when the bitcoin price is low then the low cost of bitcoin trasanction.
The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.
it is true that it is one of the expensive costs in bitcoin, and I hope it can also be changed to cheaper like eth, but we do not know when it must have happened.
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