I am willing to pay for fees depending on the recommended amount given by blockchain.info and as long as it is not considered high.
And that is going to make my transaction confirmed easily, it doesn't matter as long as it is acceptable amount.
As the price of bitcoin is falling now, the fees seems to be falling too.
Topic: How much are you willing to pay in fees for a Bitcoin transaction? (Read 6103 times)
March 25, 2017, 01:49:20 AM
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.
youre sending fee youre use transaction is very small
0.01 dollar equal 10k satoshi, with sending fee is very small very long time youre transaction in confirmation, or maybe never confirmation
March 25, 2017, 01:14:07 AM
Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.
Well, it is like who they want to lead the bitcoin network and who is powerful. And I dont like paying big fees transacting bitcoin because all I want is just to know if my reciever can get the bitcoin I transacted. I dont want to pay bigger fees because I love bitcoin because of its low fees and fast transactions.
Exactly, BTU becomes the kind of coin you would be interested in for the short term because it solves (when bug-free) your issue which is high fees and transaction times. I'm torn because I want bitcoin to remain both a store of value and maintain its use for everyday purchases, which ignorantly from my perspective seems to be core in the long term. There is definitely a risk that while the fees continue to increase and price slides from the debate that another coin will take over assuming that it has smaller fees and quick transaction times.
March 24, 2017, 08:09:14 PM
Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.
Well, it is like who they want to lead the bitcoin network and who is powerful. And I dont like paying big fees transacting bitcoin because all I want is just to know if my reciever can get the bitcoin I transacted. I dont want to pay bigger fees because I love bitcoin because of its low fees and fast transactions.
March 24, 2017, 05:13:45 PM
Feels like the main issue seems to be what each group (miners, hodlers, core...) wants bitcoin to be. The currency that everyone uses daily with very low fees or a store value for all others to be traded against, a place to hide the value where the fee price is less important.
March 24, 2017, 04:25:55 PM
0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive.. Yes, I agree with you. One of the advantages of bitcoin is the low price of transactions. And I do not hrchu bitkoin lost this advantage. I believe that the normal fee is $ 0.01
March 24, 2017, 04:06:32 PM
0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive.. March 24, 2017, 06:47:45 AM
It depends on how much the transaction is for. I'm OK with giving $1.00 if what I'm sending is a few hundred dollars. If it's something like signature campaign earnings, I'd be willing to pay a few cents at most. Maybe a dime or so. I like wallets that let you adjust the fees. The blockchain.info wallet sucks ass for just that reason, though I forget what they're charging for a fee.
Actually conversion from btc and dollar have a price diference. It defends on how much you have to exchanges from btc to dollar or local currency but every day the trading wil increase and then decrease. For that purpose, I want fees not too much high or enough to make profit when I want to exchanges to dollar or local currency. Because sometimes I want to buy a bitcoin then I wait to convert until it will increase or to make sure that I have a profit. March 24, 2017, 04:34:54 AM
0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.
Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.
On a helping note, anyone who wants to save fees can use directbet's casino wallet they cover the fees.
Yes it will always be small amount to me, I just don't know with others it's a big deal to them comparing to the old ones that are charging that way. It's normal with those exchange and casino's to have that fees. But nowadays, it's very normal that if you are going to pay the higher fee, then you will be confirmed immediately within the next block.
March 23, 2017, 09:19:15 PM
0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.
Even it will go up to $0.5 still that's not going to bother me and that amount isn't that big amount at all to think about that my transaction will be confirmed for the next block. Also I will keep on following the suggested amount of blockchain.info to make sure that my transaction will be good and won't be failing.
On a helping note, anyone who wants to save fees can use directbet's casino wallet they cover the fees.
March 23, 2017, 04:57:50 PM
0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
I think even 10k sat is enough no matter the price of bitcoin is.. because we are living in bitcoin before with small fee transaction and now slowly we are seeing the fee should increasing because if you pay small the transaction will long to receive.. March 23, 2017, 04:53:48 PM
Well i do pay accordingly my needs, if i need the transaction to get confirmed soon as possible i do pay a premium fee to let my transaction to be at top, if i need the money but i can wait for the transaction i send normal fees from 20k-35k satoshis accordingly market sugestions.
March 23, 2017, 04:50:23 PM
0.01 USD fee would be normal in my opinion. Lower fees are for everyone, and I would leave option +10$ fees for people who wish to make very high amount of bitcoins very fast, but generally for us normal and ordinary people lower fee is important.
This is how I see this, its better to have 10 or more transactions with 0,01 $ fee, then just one with 1 $ fee. There is no need to be greedy but this world is working on that apparently, looks like its in our veins. And even thou I wish lower fees, I think high fees will win in the end.
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.
This is how I see this, its better to have 10 or more transactions with 0,01 $ fee, then just one with 1 $ fee. There is no need to be greedy but this world is working on that apparently, looks like its in our veins. And even thou I wish lower fees, I think high fees will win in the end.
March 23, 2017, 04:43:10 PM
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.
Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future
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March 23, 2017, 02:38:43 PM
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.
Well for me even if it goes to around 0.5$ it would still be reasonable and a lot cheaper than other transactional fees. That's the good thing with btc and i think it's one of the things that will make btc one of the major transaction forms in the future
March 23, 2017, 02:20:18 PM
Maybe $.01. Everyday there is a lot of transaction going on so they can still take a huge amount from that. I know there is a few millions of people now using bitcoin. I bet they get much more than they need and there's no need be greedy.
I hope that 0.01$ will come true but right now it is not going to happen since the problems on bitcoin is still there. If probably BTC and BTU can be harmonized and will solved the blocksize problem on mining then 0.01$ is possible to meet. What we can do for today is just wait for the update between BTC and BTU and how it will affect the bitcoins value and if it can solve the current problems on bitcoin right now.
March 23, 2017, 01:30:47 PM
Let's reach a compromise at $0.01 per transaction. 50% of this amount should go to the miners, and the rest should go to the Bitcoin foundation. I think that this is the amount which is most acceptable for both the miners and the traders. Let's have a uniform fee instead of the variable fee depending on the transaction size. This will encourage more and more people to use Bitcoins, and the revenue for the miners will also rise proportionally.
i like this idea but it's better if the 50% instead of fundation, will go to nodes that are supporting more bitcoin without a reward, i think that node should have been rewarded, they are good at dealing with sybil attack
0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.
See $ 0.01 is quite a tiny amount to get your transaction confirmed. I would be willing to pay a fixed small percentage of bitcoins each transaction, like maybe 1% ( most companies like skrill, etc also apply that much fees ) but that been said people who transact really big like 10-20 bitcoins would be concerned with this. Mainly people use bitcoins because it has no fees and now fee is such a problem that we are discussing this.1% is a fixed amount, because if i send a big transaction i'll pay more, a fixed amount is the same no matter what transaction i send, i think 0.01 cent or 0.1 at best is the best compromise, or in bitcoin 10k satoshi like it used to be is the best compromise
March 23, 2017, 01:28:31 PM
This poll came as an idea from a news post: Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog - link here: https://bitcointalksearch.org/topic/2017-02-04-almost-1-billion-worth-of-bitcoins-stuck-in-transaction-backlog-1777803
[s ize=14pt]How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)[/size]
I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.
Please vote and explain below why you voted the way you voted.
Thank you.
Basically for me it depends on the amount that I transact each time. If I am transacting around 0.01 bitcoins average then I would be happy to pay like 0.00025 btc which means 2-3% fees is what I would never mind paying for that.[s ize=14pt]How much are you willing to pay on daily basis in fees for a Bitcoin transaction that is cleared within 10 minutes? (1 block)[/size]
I hid the poll results until you voted so it's not biased - I'm really curious about this one - I ruled out "free" as I don't think it's possible anymore - no matter how big the block size is. Also I don't think anyone is willing to accept fees over $10 - it will be more expensive than the bank fees, so I made it 10+ USD.
Please vote and explain below why you voted the way you voted.
Thank you.
For bigger transactions though that ranges from 1-2 bitcoins I won't be paying 2-3% also since it accounts 0.01-0.02 and hence I would be fine to pay like 0.005 btc for that big of a transaction. Really fees is becoming a issue.
March 23, 2017, 01:19:42 PM
0,1$ fee does not bother me if I am assured that it is included in the next block, but for regular purchases that does not need a time, or my bets, I will stick to 0,01$ since I have all my time.
See $ 0.01 is quite a tiny amount to get your transaction confirmed. I would be willing to pay a fixed small percentage of bitcoins each transaction, like maybe 1% ( most companies like skrill, etc also apply that much fees ) but that been said people who transact really big like 10-20 bitcoins would be concerned with this. Mainly people use bitcoins because it has no fees and now fee is such a problem that we are discussing this. March 23, 2017, 11:27:31 AM
The whole concept of this thread when op is using poll based on 1st world country pricing is ridiculous.
You should instead used pricing according to vast majority of poor people!
As stated by the data from worldbank.org, in 2013, 767 million people lived on less than $1.90 a day
Do you think they would be able to afford paying more than $1 cent for bitcoin transaction?
You should instead used pricing according to vast majority of poor people!
As stated by the data from worldbank.org, in 2013, 767 million people lived on less than $1.90 a day
Do you think they would be able to afford paying more than $1 cent for bitcoin transaction?
Well that is how it is, usually online things are based off the pricing and values first world countries dictate. Though, for better scaling for everybody, I think a better way to view this thread is just give a percentage kind of value. If it was in percentage I would accept a fee of no more than 1% of the transactions.
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