to all these newbies that thing that fees are fair because the "miners" get them.. the "miners" get the 12.5 btc block reward.. shouldn't that be enough?
the fee system is not fair and is completely broken.. right now it doesnt matter how much btc you send.. you send .002 or .2 or even 2 btc you will pay the same fee per kb and if your wallet is fragmented you will even pay a higher total fee for sending LESS than if you sent MORE..
plus there is the issue that when you send bitcoin you can be totally fine with a .001 fee, then 10 minutes later your tx will never confirm because the fee went up.. leaving you STUCK with no option to raise your fee or cancel your tx and resend it..
the fee should be a fixed amount.. and the tx priority should be first in first out.
Topic: Is bitcoin transaction fees fair? - page 29. (Read 36260 times)
I didn't find fair side or not. And indeed it should be that fee tx remain as low as before or not too high rise. Because, looking value bitcoin as now, fee tx is very visible value.
miners are allready getting paid when they mine, there's nothing fair about those fees they gives the users.
I can send money local here using the bank system for free, and the arrive the same sec i send them.
I can send money local here using the bank system for free, and the arrive the same sec i send them.
Indeed I think transaction fee for bitcoin is high. Is there any solution?
In large amounts I think the recommended amount is fair. But when sending smaller amounts sometimes the fee can be more than what you want to send which sort of eliminates the point of sending small amounts.
so in my opinion, it is a fair, mutually beneficial relationship.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
Yes I think it is really fair because miners do play a very important role of making each bitcoin transactions more credible and with integrity. Without them and their huge capital to invest to technologies and facilities, there is really hard time to make our transactions get through in the most fastest manner we would want it to.
so in my opinion, it is a fair, mutually beneficial relationship.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
Yes I think it is really fair because miners do play a very important role of making each bitcoin transactions more credible and with integrity. Without them and their huge capital to invest to technologies and facilities, there is really hard time to make our transactions get through in the most fastest manner we would want it to.
so in my opinion, it is a fair, mutually beneficial relationship.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
miner, trader, and fee form a symbiotic mutualism. these costs exist to provide incentives to miners to process transactions, because the larger the size of the transaction then to process it takes more time and electrical energy. Transactions with higher costs tend to be processed faster while transactions with low or no cost costs will be processed more slowly.
yes the bitcoin transaction fees is fair because the bitcoin value is increaseing and to get these bitcoins the miner has to work carefully
Transaction fees are paid to the miner where they made a signature block. In every transaction and based on the current hash rate and mining diff which taje power to process bitcoin.
So i thought the fees are enough fair .
So i thought the fees are enough fair .
Now all the wallet have the decent amount fees in everywhere. You doesn't need to worry about fees at all. If you think that fees is only for miners you might be fool to think like that.
Certain amount will amount will goes to network pool and and the balance amount only moves goes to the miner who runs their miner machine to transfer the bitcoins from one place to another.
Fees was low because of low price bitcoin, bitcoin got unreal price and fees are too high now, thats simple, but of course nobody dont like to spend big fees to nobody, but its reality, you need pay for something or u will not get nothing.
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange.
To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
that is fair for me, but sometimes it must be lowered as to the point that the reciever may enjoy his or her coins To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Transaction fees are paid to the miner where they made a signature block. In every transaction and based on the current hash rate and mining diff which taje power to process bitcoin.
So i thought the fees are enough fair .
So i thought the fees are enough fair .
of course not. I think the bitcoin is directly proportional, so every price rises, then the fee we have to spend will also rise, as well as other needs other. I think it all happened because the number of transactions increased due to the very active market.
Everything is fair - as long as you are earning big money out of your bitcoin thing, bitcoin transaction fee is not really a problem. It would only be unfair if only us will benefit from it and at the expense of the bitcoin miners. Yes, I agree that the transaction fee is proportional to how bitcoin price is going up or down and the law of demand and supply is in application with bitcoin transactions.
transaction fees are paid to the miners where they are one who made a signature block in every transaction and based on the current hash rate and mining difficulty which take a lot of power to process bitcoin, i think that fee is fair. The rate is fix regarding of any amount, but for small amount of bitcoin like microbtc it is not suitable for that fee, but their are other option, you can have a small fee for micro transaction but the priority of taking the priority is less, like waiting for more than 4 hours.
I think it's natural, because it looks like the current Bitcoin price is very high, because the current cost is not too big with what we've sent, so do not feel the loss of your shipping request will be fast in the process with the miners, then on the one hand no one will injured by it.
I agree with you, it is all about the speed of transaction that you have been paying for and if you want to have a faster transaction like for waiting for at least 20 minutes then you can just pay the recommended fee or the high fee so you can have a faster transaction and the rate of the fees are fair because they are created based on the profitability for the miners so everybody in bitcoin will stay and not leave the community of bitcoin. 
For me i think its fair so far. Because compared to others bitcoin has the lowest transaction fee in our place,hope the others has same too.but i dont know if this would last for how many years.and wish that it will remain same percentage to be reasonable
I think it's natural, because it looks like the current Bitcoin price is very high, because the current cost is not too big with what we've sent, so do not feel the loss of your shipping request will be fast in the process with the miners, then on the one hand no one will injured by it.
of course not. I think the bitcoin is directly proportional, so every price rises, then the fee we have to spend will also rise, as well as other needs other. I think it all happened because the number of transactions increased due to the very active market.
Everything is fair - as long as you are earning big money out of your bitcoin thing, bitcoin transaction fee is not really a problem. It would only be unfair if only us will benefit from it and at the expense of the bitcoin miners. Yes, I agree that the transaction fee is proportional to how bitcoin price is going up or down and the law of demand and supply is in application with bitcoin transactions.
the concern isnt the tx costs being as well higher, its the tx occasions also long.. if every person refused to pay high tx fee and just compensated the min, the costs would be minimal.. but the tx times would remain the identical..
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