hey mungkin dari bebrapa kaian ada yg sudah lama menggeluti dunia crypto, apa ada yg sadar di tahun sekarang makin banyak yg ngsecam/nipu dan emang persyaratanya masuk akal atau mungkin malah terbilang rumit,apa kalian gak kasian sama orang yg bekerja mendidikasihkan waktunya unutk ngbounty, dan malah di secam, kan kasian,coba kalian bayangin aja, kalian ada di posisi orang itu, suadah menunggu lama untuk distribusi koinya danitiupun masih tanda tanay apa menghasilkan apa tidak, dan oiya itiupun masih ada peluang tidak lolos dari acara kampanye, dan kau lolos dan sudah mendapan coin dari projec tersebut masih nunggu dan nyari marketnya dimana, dari situ aja kita udah tau sedikit perjuangan mereka para bounty hunter, dan itu masih kalian secam, apa ga kasian, meraka juga kerja mungkin ada yg buat sampingan dan mungkn juga itu pekerjaan utama meraka, dan sedikit banya mereka pasti berahrap untuk mendapatkan hasil dari pekerjaan merka, jadi tolong pikirkan perasaan merea juga.
Topic: How long the high transaction fees will last? - page 2. (Read 569 times)
Indeed good or bad news about bitcoin transaction process delay still dilemma for us exactly holding bitcoin in hardware wallet and not in exchange wallet, how to sell it due transaction delay more than few hours, my last transaction failed because lower fees sending and I need waiting when back to normal again.
The fees aren't down, they're are still very high. I wanted to send some Bitcoin myself to exchange but the fees isn't letting me do it because I don't see any reason to spend that much amount of money on just fees when I'm not sending millions of dollars, it's just $100.As people begin to seek other means to transact with Bitcoin the network is gradually becoming less congested and the price going down. I read a news from Coindesk that discussed how Africans are massively using the Lightning Network and stablecoins because of this issue. I don't think anybody that worked hard to earn his coin will be willing to pay such transaction fees. The average Bitcoin transaction fee as of yesterday was 20.34 but today it has moved down 14.05. Yeah, it is not close to the lesser price of 1.957 it was by this time last year but it is gradually going down. It might be beneficial to miners that experienced so many financial challenges that even led to the bankruptcy of reputable mining firms like Core Scientific (CORZ) and Compute North, but it is not good for the community. Nobody knows how long these high fees will last but, certainly, it won't be long.
Indeed good or bad news about bitcoin transaction process delay still dilemma for us exactly holding bitcoin in hardware wallet and not in exchange wallet, how to sell it due transaction delay more than few hours, my last transaction failed because lower fees sending and I need waiting when back to normal again.
That's very sad, when I first heard of the high cost of transaction on the Bitcoin blockchain, my first thought was that interest has started returning to Bitcoin and more users are now using the network therefore it'll affect the price very soon but after reading and understanding the real reason behind the high fees, it was just sad that this will be happening at this time.
The fees aren't down, they're are still very high. I wanted to send some Bitcoin myself to exchange but the fees isn't letting me do it because I don't see any reason to spend that much amount of money on just fees when I'm not sending millions of dollars, it's just $100.
Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
Im curious if this is really an attack like to fud on bitcoin but rather than an additional application of bitcoin through ordinals which is found by someone. However the utlity of those ordinals somehow vague and only for trading through their dapps. Unless someone could step up and make it more useful instead of an expensive jpeg.
The creation of Ordinals itself, and as is constructed by Casey Rodarmor, isn't an attack. The ability to store data somewhere in the Taproot input script was always there, also the same during pre-Taproot. There was always an ability to store data onchain. But what Ordinals could be, is an attack vector.
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Well still early maybe some satoshi like genius could fix the high rate fees and include those ordinals on bitcoin chain without affecting. I believe someone will solve this if not now maybe for quite sometime.
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.
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?
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 suggest you should hold on, at least for a week or more, if it is not urgent, I have also halted my transactions for now to watch the transaction fees, it has decreased to $4 which I feel it's quite reasonable for me. With the current downtrend we are witnessing, it may likely decrease even further.
We don't have a choice but to do that since its really painful to transact using bitcoin know since the fee is so high so much better to hold especially if your funds is on your personal wallet. But if you have a balance on your exchange account then we can just simply exchange this to other alts and pick those coin which have less fee since this is the most convenient option we could choose and I believe many already did this to avoid such issues.
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?
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 suggest you should hold on, at least for a week or more, if it is not urgent, I have also halted my transactions for now to watch the transaction fees, it has decreased to $4 which I feel it's quite reasonable for me. With the current downtrend we are witnessing, it may likely decrease even further.
I think it is better not to trade bitcoin now. If someone is trading bitcoins now bitcoin fees may also increase.
Please don't just repeat what everyone says again and again. Check for yourself https://mempool.space/de/ . The fees are again at a pretty low level and you can send transactions for a reasonable price again.
I think I heard that the development team already planned an implementation of some new protocols to fix this issue, so it should not occur again.
I think it is better not to trade bitcoin now. If someone is trading bitcoins now bitcoin fees may also increase. Bitcoin's high fees are now increasing abnormally.Bitcoin's high free problem started because of Bitcoin transactions. 2023 Bitcoin transactions surpass all years. For quite some time I have noticed that everyone is worried about Bitcoin High Free.Since last week I have noticed that the mempool congestion has worsened and the pressure has increased. Since this situation is caused by over-transactions, we should avoid small transactions. We have never seen such high transaction fees in the past, now block formation has slowed down due to increased transaction fees.
High fees might also be a blessing. It forces people with paper-hands to HODL while demand for Bitcoin goes higher.
Thats a positive perspective. However its like being force to hold due to the fees, but bitcoin circulation have been halt for people who dont want to spenf some fees too. Yes it could boost price since many wouldnt not spend for high fees and instead wait for it to decrease. Also a smart move but this will categorize people as holder or investors. Bitcoin is nice to be used if possible in transacting peer to peer like remittance can send easily.Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
Im curious if this is really an attack like to fud on bitcoin but rather than an additional application of bitcoin through ordinals which is found by someone. However the utlity of those ordinals somehow vague and only for trading through their dapps. Unless someone could step up and make it more useful instead of an expensive jpeg. Well still early maybe some satoshi like genius could fix the high rate fees and include those ordinals on bitcoin chain without affecting. I believe someone will solve this if not now maybe for quite sometime. 
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.
Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
Seems Bitcoin transaction is not back to normal and delay more than two until three hours later depend on fees transaction, could be positive impact with bitcoin transaction delay will make many people keep holding their bitcoin assets. Since last two weeks not any progress yet when Bitcoin transaction sending will back to normal and small fund not have to pay higher fees for sending Bitcoin. Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
Indeed good or bad news about bitcoin transaction process delay still dilemma for us exactly holding bitcoin in hardware wallet and not in exchange wallet, how to sell it due transaction delay more than few hours, my last transaction failed because lower fees sending and I need waiting when back to normal again.
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.
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.
Some people are calling it an "attack"? Thank the "attackers" for making Bitcoin more valuable from an economic perspective.
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.
Nobody knows the time when this high fee rate will come down, the fee issue is affecting everyone in all ramifications of life. I made a transaction since on Monday but till now it has not confirmed, it is still unconfirmed and that made me to borrowed from someone yesterday to solve some expenses and now I am to pay back that loan with interest. Really this high fee is affecting me badly. And concerning the gambling withdrawal. As for now it will be very difficult to withdraw and it is not good to keep funds in the gambling account because gambling sites have different issue. So it is better to move the coins from the site to you personal wallet, and keep only the ones that are meant to play gambling and not all the wins. The stories of gambling sites are something else in some time. If they said your can't withdraw because of KYC then another problem will gashout.
I believe that fees will gradually decrease from now on, but the speed at which this happens depends on people's behaviors imo.
That's correct, the high priority fee is currently only $4.06, which is a significant decrease from the day I posted this thread, where it was over $20.
I hope this downtrend continues, as some people may be willing to wait for longer confirmation times, but high fees can be difficult to tolerate.
Avoid doing any transactions at the moment with Bitcoin. The transaction fee fluctuations are so high that it is very hard for your transaction to reach on time. This congestion might not go away soon; it might remain for more weeks. Bitcoin transactions getting stuck for a couple of days is quite common at the moment. If possible, use altcoins for placing bets or use lightning network if the casino supports it.
I believe that fees will gradually decrease from now on, but the speed at which this happens depends on people's behaviors imo.
That's correct, the high priority fee is currently only $4.06, which is a significant decrease from the day I posted this thread, where it was over $20.
I hope this downtrend continues, as some people may be willing to wait for longer confirmation times, but high fees can be difficult to tolerate.
Why not just switch off Bitcoin deposits for few weeks? Casinos easily accept other cryptocurrencies with hearth welcome. Of course it will harm their reputation, but it will be in gambler favor after all. Gambler would win (save on fees) from that. Imo, high fees isnt a huge problem for gamblers. A gambler will find a way to make a deposit anyway.
According to https://mempool.emzy.de/ I was wrong when said that high transaction fees will last for long. They already start to decrease greatly. It looks that in a month we would forget about those high fees. In 2 days transaction fees have decreased almost 3 times.
I think it would be a good idea to switch from using BTC to other alts when withdrawing money. This could help to gradually decrease fees over time. People should avoid sending too many transactions using Bitcoin and instead using the many alternatives available to send their funds. That would definitely help this situation of the high fees.According to https://mempool.emzy.de/ I was wrong when said that high transaction fees will last for long. They already start to decrease greatly. It looks that in a month we would forget about those high fees. In 2 days transaction fees have decreased almost 3 times.
I believe that fees will gradually decrease from now on, but the speed at which this happens depends on people's behaviors imo.
Why not just switch off Bitcoin deposits for few weeks? Casinos easily accept other cryptocurrencies with hearth welcome. Of course it will harm their reputation, but it will be in gambler favor after all. Gambler would win (save on fees) from that. Imo, high fees isnt a huge problem for gamblers. A gambler will find a way to make a deposit anyway.
According to https://mempool.emzy.de/ I was wrong when said that high transaction fees will last for long. They already start to decrease greatly. It looks that in a month we would forget about those high fees. In 2 days transaction fees have decreased almost 3 times.
According to https://mempool.emzy.de/ I was wrong when said that high transaction fees will last for long. They already start to decrease greatly. It looks that in a month we would forget about those high fees. In 2 days transaction fees have decreased almost 3 times.
@OP I don't think the transaction fees will be cheap in very soon because there's no implementation yet to stop BRC-20 or maybe it's impossible to stop. I think the current fee will become a new normal, just like Ethereum network.
Usually a casino is really slow to updating a new development, this because they're either focus to other sectors e.g. promotion, gambling provider etc. I can't remember which casino have adopt lightning network from someone in recommend it in this forum, I only know the casino was already accept lightning network from the beginning.
Or ask your favorite casino to accept deposits/withdrawals through the Lightning Network. I believe it's not just the best time to start asking, it has now become absolutely very necessary as a Bitcoin-only user.
Usually a casino is really slow to updating a new development, this because they're either focus to other sectors e.g. promotion, gambling provider etc. I can't remember which casino have adopt lightning network from someone in recommend it in this forum, I only know the casino was already accept lightning network from the beginning.
I believe they will have no choice. They either accept that they ignore their share of the Bitcoin user market, or implement Lightning as soon as possible. Because if some casinos decide that they won't onboard users through Lightning, there are other casinos that definitely will, THEN they get a bigger slice in the Bitcoin user market/become more competitive.
Now (as I write) transaction fees are down where the recommended high priority transaction fee is 317 sat/vB. But of course these costs will still increase and will probably be even more expensive if this dust attack continues.
I think hold is a good option right now over broadcast the transaction especially if you don't want to overpay the fees.
So far there have been many similar topics asking and discussing the same problem, but no one can say for sure when this problem will be resolved. Wait and wait, the BRC20 hype may soon fade with time. It's time to hold and accumulate bitcoin on correction.
I think hold is a good option right now over broadcast the transaction especially if you don't want to overpay the fees.
So far there have been many similar topics asking and discussing the same problem, but no one can say for sure when this problem will be resolved. Wait and wait, the BRC20 hype may soon fade with time. It's time to hold and accumulate bitcoin on correction.
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