It is true that for some small transactions BTC is not good solution in this moment and we need to search for an alternative,some altcoin or PayPal are options which should be used until we get Lightning Network.Also if you have possibility to use SegWit that should reduce fees which are now around 510 satoshis/byte for fastes transaction,which is much better then some two weeks ago.
Unfortunately number of unconfirmed transaction is again growing after getting close to 100k,but I think this is only because of less using over the holidays.I do not know if blockchain.info is showing accurate data,but transactions per second is showing 100+ currently, what certainly does not look bad.
Topic: how to deal with higher fees (Read 142 times)
true all are mess but I personally belief this amount of hype isnt normal it is created artificially , I suspect these miners are behind
In general the whole idea behind creation of alternative model of exchanging value between humans was to be independent of monetary system as we know it. If there is no usability in reality and if that interaction cost more then in monetary system, what would be the purpose in a first place, and then why would anyone do that if it cost him/her more then usually?
I would normally advise you to wait a bit, but it looks like the transaction backlog is increasing again, so it doesn't look like it's an option. It's pretty sad, but you're correct that the fees are outrageous, and it's completely unusable as it is right now, with seemingly no end in sight. Switching to traditional payments may be your only option if alts aren't.
Alternatively, you could just cash out a substantial amount that could cover your payments for a while, but going that route forfeits prospective gains from hodling. You either lose potential gains, or money from fees.
Alternatively, you could just cash out a substantial amount that could cover your payments for a while, but going that route forfeits prospective gains from hodling. You either lose potential gains, or money from fees.
Why change your ways to fit in with the bank when you can always get a new bank and this is what sent
BTC downwards, fees as simple as that.
Think i will take all my money out because I don't like the blackmail from the miners
BTC downwards, fees as simple as that.
Think i will take all my money out because I don't like the blackmail from the miners
I guess you really need to go back to old school payment. You're right there are limited of services who accept altcoins unlike bitcoin most of the services online that accepts bitcoin as a mode of payment and
i think it's impossible now to do micro transaction where in you're going to transact 0.001 below or 0.002 because of the high transaction fees unlike in the past few months of the bitcoin history the micro transaction is mostly used.
Today this is one of the bitcoins disadvantage and that's why many users here in the cryptocurrency industry are forced to shift coins meaning changing coin to do transactions.
i think it's impossible now to do micro transaction where in you're going to transact 0.001 below or 0.002 because of the high transaction fees unlike in the past few months of the bitcoin history the micro transaction is mostly used.
Today this is one of the bitcoins disadvantage and that's why many users here in the cryptocurrency industry are forced to shift coins meaning changing coin to do transactions.
Yes I think these big transaction fees are a problem for bitcoin. I paid a $16 fee to send $28 worth of bitcoin from one BTC address to another BTC address. The BTC transaction fees are very high because there is too much demand and not enough supply in relation to the amount of transactions that can be processed. Don't put all your eggs in one basket, try to use alt coins or you can pay with Paypal, Skrill, Payoneer.
Yes as far as I know if bitcoin will become more expensive or higher the transaction will be more higher too because it is based on some point that bitcoin has already do from the very start. And actually alts now is not yet exposed as Like bitcoin exposed from the people. So, it is not yet totally accepted because of it's not yet exposed. For today I advice you to transact with cards or paypal where you will spend money for transactions in a very cheap way not like bitcoin transactions.
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thanks , yeah I am already planning to move to paypal to pay small amount bill
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Well like always in something new there will be buggs so give some time and "they " will find the solution or as you can call it "we" cuz we are all a part of it.
Hope so mate , all this bitcoin hype made normal user like mine life horrible
Well like always in something new there will be buggs so give some time and "they " will find the solution or as you can call it "we" cuz we are all a part of it.
I am using BTC for 2-3 years now not just investment but as currency , I used it regularly for receiving my freelancing bill also paying server domain other stuff online but now a days the fees is giving me heart attack , literally I cant pay 11-15$ transaction fee to buy 20-25$ domain/server. I can see many people are saying to use alt coin but not all services accept alternative coin , so only suggestions I have to use old school method like paypal or card
Yes as far as I know if bitcoin will become more expensive or higher the transaction will be more higher too because it is based on some point that bitcoin has already do from the very start. And actually alts now is not yet exposed as Like bitcoin exposed from the people. So, it is not yet totally accepted because of it's not yet exposed. For today I advice you to transact with cards or paypal where you will spend money for transactions in a very cheap way not like bitcoin transactions. Quote
I used to send 30 sat/b commission and accelerate the tx
how u do it mate ?
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See if you can buy "credits" in bulk, for example pay $100 at once to be used as you need it later.
Paying small amounts is unfortunately no longer possible, not only for you, but also for the receiving party, they have to pay the same fee to use your $20, meaning most of it is lost to them too.
true , so true ,is it possible for the fees to go down in future ? Atleast 3-6$ is ok but more than will be economical loss , also I use blockchain wallet , one thing I noticed when I use their regular fees option to pay any bill , it takes forever to confirm Paying small amounts is unfortunately no longer possible, not only for you, but also for the receiving party, they have to pay the same fee to use your $20, meaning most of it is lost to them too.
even with higher fees in blockchain wallet , rate is lower than showing here https://bitcoinfees.earn.com/ ,is it possible for mining companies to create a spamming environment to suck money as much as possible
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For your own fees, best you can do is switch to SegWit, and consolidate your small inputs at low fee when you're not in a rush.
thanks for the suggestion 
will check 
literally I cant pay 11-15$ transaction fee to buy 20-25$ domain/server
See if you can buy "credits" in bulk, for example pay $100 at once to be used as you need it later.Paying small amounts is unfortunately no longer possible, not only for you, but also for the receiving party, they have to pay the same fee to use your $20, meaning most of it is lost to them too.
For your own fees, best you can do is switch to SegWit, and consolidate your small inputs at low fee when you're not in a rush.
Many processors are starting to accept altcoin. I used to send 30 sat/b commission and accelerate the tx, that used to work until November and maybe should work again now (mempool is a little less spammed these days
I am using BTC for 2-3 years now not just investment but as currency , I used it regularly for receiving my freelancing bill also paying server domain other stuff online but now a days the fees is giving me heart attack , literally I cant pay 11-15$ transaction fee to buy 20-25$ domain/server. I can see many people are saying to use alt coin but not all services accept alternative coin , so only suggestions I have to use old school method like paypal or card
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