Bitcoin transaction fee is not fixed it is variable. Bitcoin transaction fees are subject to change on a case-by-case basis.
Bitcoin transaction fees can change over the course of weeks or months. We generally know that when there are more transactions in Bitcoin, the transaction fee of Bitcoin usually increases a lot. Maybe now that Bitcoin's transactions have increased so much that it has an impact on its transaction fees.
But when the bitcoin transaction fee increases a lot, that temporary period becomes very difficult for us because we cannot do any bitcoin transaction during this temporary period. Because the amount of Bitcoin we need to transact becomes much higher than the transaction. Hope this problem will be solved soon.
Topic: How long the high transaction fees will last? (Read 569 times)
That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.
i've been watching the mempool for few days, and i've seen the high priority to be at around 50sat and now it is at 62sat/vB. so this is not bad at all after last week's congestion getting as high as 200-300sat/vB just to confirm the tx after few hours.
check the mempool site - https://mempool.space/, and you will know if you are at the peak or not.
https://mempool.space/
That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.
i've been watching the mempool for few days, and i've seen the high priority to be at around 50sat and now it is at 62sat/vB. so this is not bad at all after last week's congestion getting as high as 200-300sat/vB just to confirm the tx after few hours.
check the mempool site - https://mempool.space/, and you will know if you are at the peak or not.
also, some casinos are shouldering the withdrawal fee as they have fixed fees. maybe, you are playing on a site where they have dynamic fees according to the current mempool activity.
As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
All gamblers are in the same boat as you right now. As for the NBA playoffs, it depends on the game you want to bet on. If it falls on a weekend, it may be helpful to do the transactions at night or even during the weekend when there is less congestion. Transactions will be less faster than if done during the day. However, if you cannot wait, try other alternative coins.I think using fiat for the meantime helps a little when you're chasing for a game that you really love to place a bet on. Of course you're not gonna use the crypto casino for the meantime. It's just too risky to force your transactions with higher fees and then you'll end up in a lossing bet. That's like lossing more money because of the transaction fees.
A few altcoins would also suffice.
Mempool is now a little less congested and it's gradually going back to normal.
We don't know what will happen to Bitcoin fee in future but I promise you guys, if Ordinals go parabolic in 2025 there won't any room for small time Bitcoin investors, you will.be paying over a $100 for a single BTC transaction, let's hope that Ordinals wont do good in the near future, or else many people are going to get pissed off and leave Bitcoin, maybe Ordinals will be the Bitcoin killer for the first time in Bitcoin history, this is so bad and many people pretend that everything is fine, it's not.
The majority has no clue what to do with that so it is good that they pretend that everything is fine. As for those ones who understand something about the core, about the layer 2 and sidechain decisions, they see what happened and they are searching for a solution. There is also an idea to use LN for Ordinals what should lower the negative effect of mempool overflow. Of course we know there are problems caused fee growing recently and we understand that they can become bigger, but solving these problems will take time and there could be multiple direct and indirect measures on the path to that goal.
That is so crazy with a such transaction fees, which even you won and want to make a withdrawal, in this gamble platform, the fees we still be high, which is the only team of the sites program can only answer the question on how long the high transaction fees will last.
As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
All gamblers are in the same boat as you right now. As for the NBA playoffs, it depends on the game you want to bet on. If it falls on a weekend, it may be helpful to do the transactions at night or even during the weekend when there is less congestion. Transactions will be less faster than if done during the day. However, if you cannot wait, try other alternative coins. 
As I check the mempool now, Bitcoin fees seem to have cooled down with a medium-priority transaction costing around 50 sat/vB. This is relatively low compared to the past few days. However, it's important to note that this may not last and the network could become congested with transactions causing fees to skyrocket once again
I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.
As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.
I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.
As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.
That were crazy times, high btc prize and high fees, the mempool in red for a while. Nobody wants that back, except the high btc prize of course.
Actually right now it's filling up a bit again but I am also happy this fee drama seems finally over, at least for now.
Had several transactions the were stuck for over a week and now it's all gone through. Curious to see what happens in the next days. Hopefully this doesn't happen again so soon since some people here (from not so lucky countries) actually rely on the btc they earn from the signature campaigns. Can't imagine how they feel then their "salary" doesn't get any confirmation for such a long time.
As I check the mempool now, Bitcoin fees seem to have cooled down with a medium-priority transaction costing around 50 sat/vB. This is relatively low compared to the past few days. However, it's important to note that this may not last and the network could become congested with transactions causing fees to skyrocket once again
I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.
As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.
I remember when Bitcoin's fees reached $32 during the peak of its price and that was insane. However, the fees eventually decreased along with the price of Bitcoin.
As for the future, it's hard to predict but we hope that a solution will be found to control fees so that we don't end up paying small amounts of Bitcoin with high fees of $100 or more, which would be a problem. The Lightning Network could be a potential solution, but only time will tell.
We don't know what will happen to Bitcoin fee in future but I promise you guys, if Ordinals go parabolic in 2025 there won't any room for small time Bitcoin investors, you will.be paying over a $100 for a single BTC transaction, let's hope that Ordinals wont do good in the near future, or else many people are going to get pissed off and leave Bitcoin, maybe Ordinals will be the Bitcoin killer for the first time in Bitcoin history, this is so bad and many people pretend that everything is fine, it's not.
Real scaling? That would mean finding a way to make data that has to be processed by each node smaller and smaller, and therefore making what the network requires from full nodes lower and lower.
Seems impossible but we dont knownin the future if someone can able to configure such tech for this to work. But I doubt the scenario wouldnt slow down for months as Social media keeps getting attention on these ordinals. The more people expose to this then many more would be interested to waste high gas fees just to earn a fraction of potential profits from high floor prices on dapps supporting the ordinals. More pain for bitcoin users small or big people. 
As a gambler I think we should look for better options for deposits/withdrawals until the mempool is not congested. Although as we can see right now, it seems that it has been settling down a bit as the whole ordinal inscriptions and Brc-20 fad might died down a bit.
It should be normal again in the next few weeks, just wait for the time. For now, as some people said that it is better to use altcoins when Bitcoin transfer fee is still high. There are some altcoins that have smaller transfer fees, just utilize them for now. We can't predict exactly how long these high fees will last, but I think this BTC has experienced similar situations in the past and has eventually come out on the other side. The same goes for the price of BTC you cannot predict it in the market situation. But as far as I remember, it could be less than a week, look at now the mempool.space, the fee was falling down.
Of course, it is difficult to know how long this happens.However, this high fee problem should be fixed. It will be a serious obstacle for Bitcoin adoption if it won't get a solution.
We already experienced many times about high transfer fees, it won't last a very long time.
I also think the high fee will resolve itself when people are done with the NFT hype.
Well, NFT hype started last year yet it's still doing it things today. So far in the past few days bitcoin tx reduced from 400k to now 300k which is a good sign but not yet good.So just check the mempool before you send your transaction so you know how much you need to put as a fee to make it thru.
That's why it's better to use a better/advance wallet for where a vb/sat is shown, fees are dynamic and can be customized manually by vb/sat so the user have fully control of fees it wants to use. The problem is that we don't really know how long this high transaction fee is going to take but we all know that yhisnhad happened before we should be affirmative that this will reduce in no time. The high network fee in the Bitcoin network had been making a lit of traders and investors that always run Bitcoin transaction on a daily basis to start having a rethink of what could be an alternative for this high fee network. So exchanges had stopped running Bitcoin transaction just because of this high fee issues which I am certain that it will end soon.
^Definitely right and that is the right answer. We can't predict exactly how long these high fees will last, but I think this BTC has experienced similar situations in the past and has eventually come out on the other side. The same goes for the price of BTC you cannot predict it in the market situation. But as far as I remember, it could be less than a week, look at now the mempool.space, the fee was falling down.
Yes, checking today, the fees even for high priority has gone down so much already.
So just check the mempool before you send your transaction so you know how much you need to put as a fee to make it thru.
As we are just relying from these miners, we can only watch the mempool to see where we are now in terms of tx fees.
For now, it is better than the past few days. Hope we will go back again to the usual fees in the coming days.
The problem is that we don't really know how long this high transaction fee is going to take but we all know that yhisnhad happened before we should be affirmative that this will reduce in no time. The high network fee in the Bitcoin network had been making a lit of traders and investors that always run Bitcoin transaction on a daily basis to start having a rethink of what could be an alternative for this high fee network. So exchanges had stopped running Bitcoin transaction just because of this high fee issues which I am certain that it will end soon.
^Definitely right and that is the right answer. We can't predict exactly how long these high fees will last, but I think this BTC has experienced similar situations in the past and has eventually come out on the other side. The same goes for the price of BTC you cannot predict it in the market situation. But as far as I remember, it could be less than a week, look at now the mempool.space, the fee was falling down.
As a gambler I think we should look for better options for deposits/withdrawals until the mempool is not congested. Although as we can see right now, it seems that it has been settling down a bit as the whole ordinal inscriptions and Brc-20 fad might died down a bit.
As for the solution, it's up to the core dev to patch the exploit on taproot. There has been noises lately, this has been seen before though, before it turn ugly as what we have seen. So we shall see, everyone seems to be divided, but personally I'm against this ordinals or inscriptions attacking bitcoin.
As for the solution, it's up to the core dev to patch the exploit on taproot. There has been noises lately, this has been seen before though, before it turn ugly as what we have seen. So we shall see, everyone seems to be divided, but personally I'm against this ordinals or inscriptions attacking bitcoin.
I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.
As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
I was suprised seeing transaction fee very high like that, it really affected lots of people because lot's of people's transaction was delayed for hours and even day's. The transaction fee is going back to normal now. The high transaction fee made most signature managers pay high gas fee just for them to process signature participants payment. As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
I think it will affect lot's of gamblers but am sure gamblers will definitely look for a way to deposit money to their gambling site, most of them might switch from depositing bitcoin to altcoins, i think that's the only solution currently and if you really want to deposit bitcoin, then you should be able to spend high transaction fee or your transaction will be delayed. But if you are having bitcoin in your gambling site already, I think it's better you just leave it their, and keep on gambling with it.
The fees is moving around 400-600 sats per byte on maximum which it do plays around 5-20 bucks per transaction or way more. I didnt see up the max fee on that particular time considering that it is really
decreasing now as of this moment.
It do really sucks if ever this would happen again but i wont really be that get in shocked if this one would be happening in bull run where transactions would be spamming or clooged into the network.
If you are that someone who does have the money or wont bother on paying up some fees then it wont really be that much of a bothersome but if you are really just like some average
joe like me on which 20 bucks is important then it is really just that a bad thing to make some tx on this particular time. Its better to wait until things turns out to be smooth
and fine once again.
I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.
As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
I was suprised seeing transaction fee very high like that, it really affected lots of people because lot's of people's transaction was delayed for hours and even day's. The transaction fee is going back to normal now. The high transaction fee made most signature managers pay high gas fee just for them to process signature participants payment. As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?
I think it will affect lot's of gamblers but am sure gamblers will definitely look for a way to deposit money to their gambling site, most of them might switch from depositing bitcoin to altcoins, i think that's the only solution currently and if you really want to deposit bitcoin, then you should be able to spend high transaction fee or your transaction will be delayed. But if you are having bitcoin in your gambling site already, I think it's better you just leave it their, and keep on gambling with it.
Im afraid this will not go lower sooner or later, as long the main problem isn't solved or at least removed which i don't think it will possible in the next few months.
As for your problem, i'd better use another altcoin available temporarily for deposits to avoid higher fee and longer time of confirmation.
As for your problem, i'd better use another altcoin available temporarily for deposits to avoid higher fee and longer time of confirmation.
It will go lower. Demand has ALWAYS been variable, and users will either start waiting for cheaper fees to save their coins or simply run out of coins first if they continue paying for high fees.
I also think the high fee will resolve itself when people are done with the NFT hype.
High fees might also be a blessing. It forces people with paper-hands to HODL while demand for Bitcoin goes higher. Who would pay exorbitant fee-rates unless there was high demand for block space. High demand for block space = high demand for Bitcoin to pay for fees = eventually higher price for Bitcoin.
Or not? People might probably find an alternative if the transaction fee is not fixed soon.
Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
I can say I have a different view. If the attacker is successful then it does not make Bitcoin any more valuable but rather it proves that Bitcoin has weaknesses that can be exploited. With that situation, it will never make Bitcoin or any other technology more valuable.
The problem is that we don't really know how long this high transaction fee is going to take but we all know that yhisnhad happened before we should be affirmative that this will reduce in no time. The high network fee in the Bitcoin network had been making a lit of traders and investors that always run Bitcoin transaction on a daily basis to start having a rethink of what could be an alternative for this high fee network. So exchanges had stopped running Bitcoin transaction just because of this high fee issues which I am certain that it will end soon.
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