Topic: How to do micro payments with bitcoin? - page 2. (Read 1343 times)
You can send multiple from one single wallet. Bitcoin transaction takes place as sat/b. Multiple sending address dramatically decrease the fee. And now the fee is low and affordable.
I couldn't send small amount of btc when I wanted to make the transaction without paying high fees
i had to pay 11$0 fees to send 10$ only
i had to pay 11$0 fees to send 10$ only
you can not send small amount of btc currently without paying high fees
i had to pay 11$ fees to send 10$ only
i had to pay 11$ fees to send 10$ only
YES YOU CAN!
See, your statements are a bit misleading, at last. Looking at the current tx fees, we are near all-time-lows: https://dedi.jochen-hoenicke.de/queue/more/#24h
You must check the service, your wallet, the provider - whatever you use. Don't generalize your problem over Bitcoin.
When you create the tx yourself, you can go with 5 Satoshi per Byte (or even lower). A std tx is roughly 227 bytes, even if it is a more complex one say 500 bytes. Then you pay ~2500 Satoshis as fees. This is 0.000025 Bitcoin, at 10'000 US$ it is 0.25 US$. I last had a tx going through with this amount. So you are only making your service provider rich...
So really, check with your service provider!
Those who stay uninformed, pay the price for not willing to learn...
I couldn't send small amount of btc when I wanted to make the transaction without paying high fees
i had to pay 11$0 fees to send 10$ only
i had to pay 11$0 fees to send 10$ only
you can not send small amount of btc currently without paying high fees
i had to pay 11$ fees to send 10$ only
i had to pay 11$ fees to send 10$ only
Usually if the transaction fee is low the time for the confirmation usually consumes a week or days for it to be confirmed, sometimes the transaction usually cannot happen, which is why we cannot avoid using the high amount of transaction fee in order for the transaction to come to fruition, we just have to wait for the lightning network to happen successfully.
I think that when dealing small you should use the Altcoin. Because the processing speed and price of each transaction is quite small. With Bitcoin, the issue of price per transaction is really too large, so it is only suitable for large volume transactions. You trade $ 1000 and you have to spend $ 30 in fees. It is a huge deduction. That is the reason that ETH and CMT was born. Furthermore Bitcoin's transaction speed is rather slow due to its Blockchain platform problem. I am still waiting for a day Bitcoin will reduce this transaction fee down
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How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
Yea micropayments are hard because you will lose so much money in fees. If this is for a business I would recommend upping your prices to cover the fees. Or if you want small amount of fees used faucet because the calculation of their transaction fee is much lesser than usual bitcoin wallet.
Bitcoin is a good accumulation system,Its the most secure crypto wich we can to use but why do you need to do micro transactions with bitcoin?Do you have fear that your funds will not be sent by another cryptocurrency for exampleby Bitcoincash? Today,Bitcoin is more effective for big transactions and not for micro.The whole idea of satoshi's is that there will be no centralized administrator to control big transactions.if you have 0.0005 satoshi you don't need bitcoin,you can use another cheaper cryptos,like as i've already mentioned bitcoincash,litecoin,etc.
How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
Yea micropayments are hard because you will lose so much money in fees. If this is for a business I would recommend upping your prices to cover the fees. Or if you want small amount of fees used faucet because the calculation of their transaction fee is much lesser than usual bitcoin wallet.
How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
Yea micropayments are hard because you will lose so much money in fees. If this is for a business I would recommend upping your prices to cover the fees. How to do micro payments with bitcoin? The transactions need to be verified on the blockchain, but need to minimize the fees.
Yea micropayments are hard because you will lose so much money in fees. If this is for a business I would recommend upping your prices to cover the fees. Hope lightning network will be used by bitcoin soon. The current fee in way too much...
I would like to agree but it's like your onion skins and the more I peel bank the more obvious itbecomes that lightning network is all about banking (Relay nodes in Tor) and the miners have
the BTC to deposit to complete the next hop plus hardware and also the skills to put themselves at an advantage
during disputes
See https://bitcointalksearch.org/topic/m.28395400
Your BTC is locked in a private ledger with the bank and does not cross over in the banks to the banks outbound
ledger so effectively your borrowing your own money during transit over the network
Hope lightning network will be used by bitcoin soon. The current fee in way too much...
Wait for the lightning network. Super cheap fees, that's when Bitcoin can be used for micropayments.
What do you mean by lightning network? Is that mean internet network that faster than 4G? I heard that japan will launch 5G. But I am not sure this has correlation with reducing bitcoin transactions fee, we actually can set the fee but if amount of fee is to small then maybe the transactions will not be confirmed.
Micro Payments with Bitcoin is not possible right now until lightning network is being implemented, Right now Transaction fees are killing people...
If Lightning network is not being implemented soon i guess Core gotta do something like upgrading the blocksize ... like BCH, if transaction fees aren't fixed i think more people would switch to LTC or BCH.
If Lightning network is not being implemented soon i guess Core gotta do something like upgrading the blocksize ... like BCH, if transaction fees aren't fixed i think more people would switch to LTC or BCH.
Lightning Network would work far better in situations like this, where thousands of TX can happen very quick and almost for free.
You mean "almost for free" like Bitcoin use to work and now your falling for it again with LN banking hubs I am not buying it again, sorry no way and the ones who have the know how, BTC and
hardware resources to become banking hubs are the very same people that are ripping us off today
and the development team has done naff all about it but talk and give us excuses about why
Segwit has not lived up to it name so they can forget having any of my trust
Networks come with specifications like 56k speeds and proposals contain cost annalist so where is it in the sixty
pages of the LN white-paper or does this not concern academics who's living in academia because I want to
see figures that I can take to the bank like this.
1. Up to 100 transactions per day will capped at $0.99 per day
2. No single transaction can cost more that $0.10
3. Transaction below $1 will only be charged at $0.01
ightning Network would work far better in situations like this, where thousands of TX can happen very quick and almost for free.
If you have an unconfirmed transaction on the Bitcoin Blockchain, I will be happy to assist, just email me your transaction ID to [email protected] and I will speed up 20 requests free but on a priority basis, so please include the time frame you have been waiting. If you would like to make a donation to ensure your transaction gets sped up immediately, please send donation to wallet - 1HedbDtaacra6qDp6y5SbZ6s3fvcC8aSxD and email me the TX ID and once I have located the transaction I will speed up your requested transaction immediately. I am available all this week so just drop me an email.
Regards,
Isaac
Regards,
Isaac
Sounds like manual intervention is needed on the Bitcoin network and you can bribe miners to boost transactions
so I wonder what new services we will be seeing Isaac when the lightning network turns the place into a network
of banks ?
Shit it will be click this referral link and get free banking fees for a month won't it
For the time being, you can't the fees are too high unless both addresses are segwit.
I hear that all the outputs need to be Segwit so bungling up big transactions by someone
like Coinbase (spit, spit , spit) to save money is a waste of time for them so this is why they
are slow off the mark to implement Segwit
Apart from changing a "1" to a "3" in the address I have not worked out why Segwit
code brakes wallets myself or even the reason for the change to the address in the first place.
Backwards compatibility has been broken so was it done deliberately just to fill the miners pockets
because i have changed back end databases from Oracle to SQL-Server on live system and I didn't
need to tell everyone that they needed a new browser to use the web-site
Maybe someone here can explain what needed to be changed in the outbound transaction from the
wallet to the node that could not be fixed by the node please or have people stopped questioning
things these days and just do as they are told
Then again, as LoyceV said above, Lightning Network would be the optimal solution for this problem but we just need to wait for it to go live so we can start making using of it.
Yes ye old problem-reaction-solution in nine months time, stay with us, we have a plan like Segwit again that didn't
work because you are all using it wrong.
I suspect you know by now that Lightning Network is a bankers dream and maybe your getting ready to run a
banking node to make you rich but i have looked under the table and it contains magnets so maybe this is why
you was so rude yesterday when I pointed the obvious out to you.
You know full well I am kicking up about miner rip of fees
Question
Why am I not screaming to see the Lightning Network implemented or do you think I have spotted the trap ?
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