It cost me $2 + 12 hours to send $25 in BTC now - page 2.

25hashcoin

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Quote from: zuliph9 on August 16, 2017, 12:44:18 PM

Quote from: xskl0 on August 16, 2017, 12:27:21 PM

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

Nope, just waiting for merchants and services to pivot to Bitcoin Cash. Won't be long.

zuliph9

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Quote from: xskl0 on August 16, 2017, 12:27:21 PM

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

25hashcoin

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Use Bitcoin Cash. I gave up on segwit high fee coin.

xskl0

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Bitcoin SV is Bitcoin

SAD! For this reason now I use only Bitcoin Cash

ynatopak14

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until now it is happening here in philippines though they shortended the time .. the fee still at high cost

Silberman

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Quote from: Thekool1s on June 13, 2017, 02:55:40 PM

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

This, the day you could send dust from one side of the planet to the other almost free are over, we must accept it and move on, yes there are problems with the network but these problems are being addressed and will eventually be solved, but still I do not think we are going to go back to those days.

DoublerHunter

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Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

The only thing that i know why ethereum is going up and trying to take over bitcoin is because of its smart contacts that are mostly ICOs and that is the only thing why the price is crazy and always going up to the highest point. Ethereum will be just for smart contacts while bitcoin can be the currency itself and we should not be complaining to the fees and speed of transaction because it is part of the growth and the people in the team of bitcoin are really working hard to find solutions for these like Segwit.

haroldtee

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This is actually becoming extremely alarming and I hope the devs will do something soon. Paying that much for such a lengthy period of transaction is just a NO NO. Dragging this scaling issue and not uniting will cause more harm than good for the bitcoin community giving chance for an alternative to take over the throne which I'm sure no bitcoin enthusiast wants.

Amph

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Quote from: Nicol3 on June 14, 2017, 04:37:39 AM

Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

So sad that the dev team are not doing anything about it. It has been an issue for the high price for every transactions we make. And we'll never know too, if and if Ethereum will take over Bitcoin and will become over populated do you think this issue won't happen all over again?

they are doing what they can but the ultimate decision is based on consensus, not on centralized team behind bitcoin that decide everything, and the OP is forgettign that ETH also has under the table a thing like raiden network that will work like the LN

this mean that they are not in a position to de-throne bitcoin without any addition

Quote from: arimamib on June 16, 2017, 11:48:44 PM

Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

yeah ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

not accepted in any shop like bitcoin, therefore having a cool time on tx means nothing to me, it's a useless coin for now

carlfebz2

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Quote from: arimamib on June 16, 2017, 11:48:44 PM

Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

yeah ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

I wouldn't argue with this since I experience the fast confirmation of ETH transactions I can say that its a lot way better than on the current state of bitcoin, there might people who do use ETH as of now over bitcoin but we cant really remove that people do always love bitcoin inspite of its problem regarding on high fees.I don't know on whats ahead on bitcoin path if this would continue. $2 fee is already average as of now I guess.

arimamib

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Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

yeah ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

pooya87

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Quote from: ufaiz50 on June 16, 2017, 11:33:09 PM

indeed many are turning to eth because of the smaller transaction fee but that's my opinion has been a long that's happen but in fact bitcoin is still widely used especially for large-value transactions. for the transaction itself eth already take over bitcoin but as number one of cryptocurrency bitcoin still far standing above eth.

it is not true at all. people have only turned to ethereum because it was pumped and made them a good amount of money. they have been doing that for years with different altcoins and this time they did that not only with ETH but with a lot of other altcoins. take a look at their price history and you will see!

but they certainly did NOT turn into eth because of its transaction fees because if you have take some time to read previous comments you can see the screenshot i shared in page 2 about the extremely high transaction fees of ethereum. and besides nobody makes any transaction on ETH because there is no reason to do so apart from participating in an ICO or moving funds between your wallet and exchange wallet!
and if anybody wants cheaper transactions there are a LOT of other altcoins with nearly free transactions such as Dogecoin! or LTC

ufaiz50

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indeed many are turning to eth because of the smaller transaction fee but that's my opinion has been a long that's happen but in fact bitcoin is still widely used especially for large-value transactions. for the transaction itself eth already take over bitcoin but as number one of cryptocurrency bitcoin still far standing above eth.

Seansky

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Quote from: ProfessionalGoogler on June 16, 2017, 10:46:33 PM

Quote from: RoommateAgreement on June 14, 2017, 12:23:09 AM

Quote from: ProfessionalGoogler on June 13, 2017, 11:43:08 PM

snipped...

I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true.

Quote

Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".

During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality.

what you are saying in OP and what you quoted is regarding transaction fees not block time!
let me break it down for you.
you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average.

in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin!

now you choose between them for your transactions!

You apparently don't understand Ethereum operates (gets updates) --- differently (better management), and that Bitcoin has a chance to adjust as well, or else you help provide support for BTU.

In that case you are stuck in that past. Like AOL and Yahoo!

Anyway, I will for sure be supporting Bitcoin Unlimited because of posts such as yours.

Caveman!

BTU is not the solution to the problem we have at hand. It is just another bullshit proposal and segwit or segwit2x is the best solution not BTU. What anyone says is irrelevant to you though you just want to express your support for bitcoin unlimited, I guess we have our own opinions so I won't say that you are wrong for supporting it.

RoommateAgreement

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Bazinga!

Quote from: ProfessionalGoogler on June 16, 2017, 10:46:33 PM

Quote from: RoommateAgreement on June 14, 2017, 12:23:09 AM

Quote from: ProfessionalGoogler on June 13, 2017, 11:43:08 PM

snipped...

I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true.

Quote

Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".

During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality.

what you are saying in OP and what you quoted is regarding transaction fees not block time!
let me break it down for you.
you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average.

in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin!

now you choose between them for your transactions!

You apparently don't understand Ethereum operates (gets updates) --- differently (better management), and that Bitcoin has a chance to adjust as well, or else you help provide support for BTU.

In that case you are stuck in that past. Like AOL and Yahoo!

Anyway, I will for sure be supporting Bitcoin Unlimited because of posts such as yours.

Caveman!

it seems like it doesn't matter what anyone says you are just looking for an excuse to support buggy Bitcoin Unlimited. and the funny thing is BU is the reason why we are in this mess because they divided everything and prevented us from moving forward!

ProfessionalGoogler

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Quote from: RoommateAgreement on June 14, 2017, 12:23:09 AM

Quote from: ProfessionalGoogler on June 13, 2017, 11:43:08 PM

snipped...

I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true.

Quote

Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".

During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality.

what you are saying in OP and what you quoted is regarding transaction fees not block time!
let me break it down for you.
you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average.

in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin!

now you choose between them for your transactions!

You apparently don't understand Ethereum operates (gets updates) --- differently (better management), and that Bitcoin has a chance to adjust as well, or else you help provide support for BTU.

In that case you are stuck in that past. Like AOL and Yahoo!

Anyway, I will for sure be supporting Bitcoin Unlimited because of posts such as yours.

Caveman!

DrMatrix

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What I do enjoy about bitcoin is the ability to adjust our fees, sure it might not always be ideal to do that, but it's nice to have a choice.

I need to look up this update someone talked about that the devs have coming in the near future to help with fees.

linkme

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i think it's normal, every e-currency should increase their fees so that Bitcoin's high fees are just normal

BitcoinzB

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Quote from: 1Referee on June 13, 2017, 04:24:15 PM

Quote from: ProfessionalGoogler on June 13, 2017, 02:35:27 PM

Ethereum will take over Bitcoin if this keeps up.

Ethereum fees are not that low either. Even stronger, they are increasing on a weekly basis. I am seeing +$1 fees being pumped through basically in every minted Ethereum block, and some transactions even top $3 in fees. Just wait for it, these fees will only increase in the coming months, where at some point people will start to change their mind about how cheap these fees really are...

I was looking to switch to ethereum to avoid the high fees we are experiencing with Bitcoin right now.. but I've noticed that aswell!
I thought fees would be much lower for an alt coin, but I was definitely wrong in this case

Betwrong

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Quote from: dunfida on June 14, 2017, 03:53:43 AM

Quote from: Betwrong on June 14, 2017, 03:50:46 AM

Quote from: ?? on ??

Sure sounds like a slow process but the same can be said as: "It only cost $2 to send 3 million USD, and it securely is ready for spending by the other party in only 12 hours! No third party signing off required!"

Exactly, and actually the situation with time taking for the first confirmation is even better. Whatever amount you want to transfer in BTC it will surely be confirmed in 60 minutes when you pay 360+ satoshis/byte which means you'll pay $2.7 max for your transaction.

This would really affect you up when you do make micro transactions but when we are talking about big amounts then these fees wont really bother at all and as op said eth might surpass bitcoin if this situation continues and I would like to say that fees on Eth is still high and they are just breakeven.They do only differ on confirmation speeds.

True. It looks like it is better to use Ethereum for small transactions. But then I have a question: Why not to use Litecoin for small transactions since transaction fees for LTC are much smaller than for ETH?

Topic: It cost me $2 + 12 hours to send $25 in BTC now - page 2. (Read 3425 times)