Author

Topic: High Transaction Charges (Read 140 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
February 23, 2018, 07:03:20 AM
#7
the fee is now high for each transaction you send because the bitcoin is high then the lower the fee because bitcoin's price is too low and the traffic is still over the block chain because there are so many transactions

The fee is high because you are talking in your sleep.
Blocks are half full, transactions with 1sat/b fee are getting confirmed and yous till talk about high fees?
Do a bit of research before posting crap.

But miners are not getting paid what they should be.

What is this supposed to mean?
Miners are paid the fees, nobody decides what is the value miners "should" be paid.
full member
Activity: 854
Merit: 102
PHORE
February 23, 2018, 06:56:24 AM
#6
the fee is now high for each transaction you send because the bitcoin is high then the lower the fee because bitcoin's price is too low and the traffic is still over the block chain because there are so many transactions
member
Activity: 112
Merit: 16
February 23, 2018, 06:51:05 AM
#5
Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges.

bitcoin transfer fee reached the 34 USD per transaction which the people saw that bitcoin is hard to have as a regular currency, and i believe one of the reason why this Bitcoin fall. But this month also is the best thing as bitcoin transfer fee are really low now and they are engaging to solve the problem and not any longer now bitcoin will have the trasfer fee at free rate and much faster.

Unless segwit adoption takes off, or lightning network takes too long to get implemented, once bitcoin rises in popularity once again, we're going to see the high transaction fees again. So I think the main reason behind the high fees has not been addressed yet, we probably will experience the same problems eventually.
hero member
Activity: 762
Merit: 500
February 23, 2018, 06:39:51 AM
#4
Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges.

bitcoin transfer fee reached the 34 USD per transaction which the people saw that bitcoin is hard to have as a regular currency, and i believe one of the reason why this Bitcoin fall. But this month also is the best thing as bitcoin transfer fee are really low now and they are engaging to solve the problem and not any longer now bitcoin will have the trasfer fee at free rate and much faster.
full member
Activity: 602
Merit: 107
February 23, 2018, 06:30:50 AM
#3
The fees went down 96%. I just recently sent a few K worth of bitcoins and it cost me less than $0.10!

Check out this article:
https://coincodex.com/article/1327/bitcoin-fees-down-96-from-peak-as-coinbase-and-bitfinex-integrate-segwit/
legendary
Activity: 1470
Merit: 1079
February 23, 2018, 06:17:58 AM
#2
If you had sent a transaction lately, you would have noticed that the transaction fees/charges has come down considerably lower than what it was a few months ago. From around $40 by the end of last year to around $1 for small-sized transactions now. Although Segwit transactions are still around 14% only, the whole transactional demand has decreased and it's likely once the transaction volume increases again like it was in December, Segwit adoption would have reached more than 50%, with major exchanges like Coinbase and wallets like Blockchain rolling out Segwit within the first quarter and also batching.

I didn't get what do you mean by high transactions fees and miners not getting paid what they should be Huh Maybe I failed to understand the whole question Grin Self-moderated thread, wrong answer, do delete it.
newbie
Activity: 4
Merit: 0
February 23, 2018, 04:47:31 AM
#1
Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges.
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