It cost me $2 + 12 hours to send $25 in BTC now - page 4.

leyton11

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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.

Sure, I will choose ETH if I need send money now because it fast more and fee lower than BTC, when BTC can fix issue confirm transaction slow and hight fee, I will comeback to it. I just wait in end yaer 2017 Bitcoin Segwit!

krishnapramod

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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, the current situation is definitely making bitcoin unusable for smaller transactions, around 10 to 15% in fee and if you are sending $20 or $200 the fee is the same in bytes.

The developers and the majority wants Segwit to be activated, but it could be done by two means and this is where the problem starts. BIP 148 would activate Segwit without much cooperation from miners and there is Segwit2x, Segwit + 2 MB block size increase.

Segwit2x (hard fork) would start running from July 21, https://segwit2x.github.io

BIP 148 would be deployed on August 1.

Both of them have a the same agenda, to activate Segwit, but they are not compatible with each other. And a collision between these two would split the chain.

It is highly likely that BIP 148 would be deployed on August 1.

The fee is an issue and would be until August 1 and if the chain splits fee would not be the only thing we would be worrying about.

pooya87

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

It cost me $2 + 12 hours to send $25 in BTC now
Ethereum will take over Bitcoin if this keeps up.

[sarcasm mode: on]
this is the most rational argument i have ever heard. ethereum will replace bitcoin soon, we will go to ethereum and pay $1.5 per transaction instead of paying what OP paid ($2) and if the eth tx fee trend continues on this path we will soon pay $21 per transaction in 3 months (another 1300% rise).

lets all switch to ethereum right now, transactions are so cheap

https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3m

Silberman

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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.

It is an issue and it is so important that the developers already created a solution for it in the form of segwit the problem is that it has not been activated, and it seems they have taken another approach by using BIP 148 UASF, basically they will reject any blocks that are not signaling segwit support, this is in my opinion a risky maneuver but it shows that the developers care about the speed of confirmation.

jubalix

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IOTA $0 fees forever.

and you wonder why it has a 2B MKT CAP

Tyrantt

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Need some spare btc for a new PC

Well we're all hoping for the segwit implementation on 1st of august and for this fee problem to be fixed. For the transaction of 0.015btc I use about 1.5$ for transaction not to get stuck as I've had that problem before. Bitcoin just needs to survive, safety is the priority.

Astvile

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Dude just try to understand the state of bitcoins and its network now,bitcoin network now is facing too many spam attacks and problems so they took longer to confirm transaction now matter how high is the fees.It is a normal situation right now

DOGE12321

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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 transaction fees and confirmation times are becoming a major issue in the Bitcoin community. I have faced a similar issue with a slightly higher transaction. The only suggestion that I can give is to use accelerators and place the fastest and most economical transaction rate. At the moment this is 450-satoshi/byte. This website will keep you updated on the rate: https://bitcoinfees.21.co/

ProfessionalGoogler

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Quote from: ImHash on June 13, 2017, 05:55:40 PM

Then use Ethereum you little noob, let bitcoin for grown ups. developers have nothing to do with this, they are not employees of any where or anyone, there are no organization to pay them for their job, they have zero obligation and it's no one's job actually to do anything for bitcoin, they only propose changes that's all, it's up to miners to activate any proposals.
I honestly don't know how you managed to pay $2 and wait 12 hours, because I'm doing at least 1 transaction every day paying $1 up to $2 and it confirms less than 30 minutes.

You remind me of Wells Fargo.

I use blockchain.info as I mentioned before.

ImHash

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Then use Ethereum you little noob, let bitcoin for grown ups. developers have nothing to do with this, they are not employees of any where or anyone, there are no organization to pay them for their job, they have zero obligation and it's no one's job actually to do anything for bitcoin, they only propose changes that's all, it's up to miners to activate any proposals.
I honestly don't know how you managed to pay $2 and wait 12 hours, because I'm doing at least 1 transaction every day paying $1 up to $2 and it confirms less than 30 minutes.

shinratensei_

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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.

If you have tried for using the recommended fees from the blockchain and I think you will get low fees. Read this https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
I think so, there is a chance for ethereum to take the bitcoin's place. The ethereum chain can be processed up to 40 Txs in a second.

lighpulsar07

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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.

Yes ethereum will take over if this confirmation delays keeps up but the DCG and the other 58 companies world wide along with the miners signed the bitcoin scaling agreement. So we will have segwit sooner and a 2mb hardfork.I know this confirmation delays pissed you off but we have nothing to do about it.

asdalani

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Quote from: Pearls Before Swine on June 13, 2017, 04:28:39 PM

Makes more sense to send fiat, wouldn't it? I mean seriously, spending 10% just to pay for something or whatever, that's insanity. It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees. Did you need to do this transaction with bitcoin?

I'm quite tired of this myself. The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee. Others are just ripoffs.

That’s why people shouldn’t spend money that they plan on spending within the year. Bitcoin investments should only be placed in such a manner where the money won’t move unless the investor plans on cashing it out when the price goes up. If that investor plans on cashing out his Bitcoin then he/she won’t get back into Bitcoin because it wouldn’t make any sense for him to do so.

Celsiuss

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This is really sad, spending bitcoins is becoming harder and harder, and I hope ethereum will take over as it seems like a more ideal coin to use because of fees and confirmation times.

DrMatrix

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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 have very little knowledge about all the fees structure works as far as fees increasing based on the blockchains (i am going to look into it) however, it is surprising to hear that ETH apparently has these such high fees already, considering BTC has been around alot longer.

Any experts have any predictions on what the ETH fees might be a year or two from now if it continues gaining popularity?

TryNinja

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Quote from: 25hashcoin on June 13, 2017, 04:12:37 PM

This is why you should boycott Blockstream and their Core influence. They have a flawed vision of bitcoin: https://mobile.twitter.com/excellion/status/783994642463326208

I believe this tweet ends up passing a wrong view of what Samson really wanted to mean.

His answer to someone on the same chain of tweets: https://twitter.com/Excellion/status/784007812896714752
that's fine in concept. But do you really think people subsisting on $2 a day are computer literate enough to safely transact BTC?

This isn't what we really need to be thinking off and it does not really justify what he is doing, but in some way it's actually true and I understand his point.

Pearls Before Swine

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Makes more sense to send fiat, wouldn't it? I mean seriously, spending 10% just to pay for something or whatever, that's insanity. It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees. Did you need to do this transaction with bitcoin?

I'm quite tired of this myself. The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee. Others are just ripoffs.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Makes more sense to send fiat, wouldn't it? I mean seriously, spending 10% just to pay for something or whatever, that's insanity. It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees. Did you need to do this transaction with bitcoin?

I'm quite tired of this myself. The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee. Others are just ripoffs.

1Referee

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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...

25hashcoin

hero member

Activity: 574

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This is why you should boycott Blockstream and their Core influence. They have a flawed vision of bitcoin: https://mobile.twitter.com/excellion/status/783994642463326208

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