Lower transactions fees now? Bitcoin is back it is! - page 2.

eaLiTy

hero member

Activity: 2814

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Have Fun )@@( Stay Safe

Quote from: Asyifiah on September 16, 2017, 10:19:14 AM

Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

It is true that some of the exchanges as well as some online wallets still charge a higher transaction fees even though the price of transaction has gone down,it might take some time to see a change as we as a group need to voice our opinion to these services so that they reduce their fees ,the transaction fees has gone down if you are using your own wallet and it is a good sign for bitcoin users.

Kanapka

hero member

Activity: 821

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The backlog is almost empty(2248 unconfirmed transactions). I think you could go with 0.0001 and maybe even have a confirmation in the next block.

Some wallets miscalculate the transaction fees, that's why some people still overpay it

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

Quote from: Asyifiah on September 16, 2017, 10:19:14 AM

Please look at this
https://blockchain.info/tx/161c2c92c71ec914cfbe448483f70073987890b524f7273ab1b6664e3f96ee26
Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

The amount involved was huge. The total amount sent was BTC0.589172, which is equivalent to more than $2,000. And the fee paid was less than 3% of this amount, although it was not needed. The sender paid a fee of 7,449.558 sat/B, when less than 1/100th of that was needed for quick confirmation.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

It's nice to finally see this again. I was able to send something like $100
for about 8 cents in fees, and the transaction only took about 30 minutes
to confirm. That's not bad; a month ago that would have cost me about
$4. The only way bitcoin will ever be accepted by the masses is if you
don't have to pay a lot to use it.

BitcoinPC

hero member

Activity: 812

Merit: 500

Quote from: jekjekman on September 16, 2017, 10:11:33 AM

It seems that Bitcoin is back to wherever it is before and I really don't know what happened, can anyone tell me please. As I thought that the downfall of bitcoin will be resulted of too much transaction that will be done of the panic sellers but it seems the reverse happens, I just sent my transaction with a $0.01 worth of bitcoin within 25 blocks and I can also choose to send it within the next block for only $1 worth of bitcoin. Any thoughts?

I told everyone this was just a temporary speed bump. These things never last for long no matter what they are. The lower transaction for using their temporary too but hey let's take advantage of them while they're there. I have seen transaction fee are lower now at online wallet like coinbase but exchanges like c-cex still have high fee to withdraw that is 0.002 .

Rinaze

full member

Activity: 322

Merit: 100

Quote from: ?? on ??

Well, that's good. Not so many people use Segwit address but why? If vast majority of Bitcoin users switch to Segwit addresses, we will be able to have even more transactions per second! I didn't have any problem with transfering my funds between addresses. About 1 month ago I paid more than $10 for a transaction which wasn't confirmed as fast as I was thinking it would take.

Majority of the BTC wallets need to integrate and made Segwit available for most of us to utilize before most of the users would even think of using a Segwit address.

dothebeats

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Cashback 15%

Quote from: Asyifiah on September 16, 2017, 10:19:14 AM

Please look at this
https://blockchain.info/tx/161c2c92c71ec914cfbe448483f70073987890b524f7273ab1b6664e3f96ee26
Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

A human error, perhaps. I too, am a victim of my own negligence that made me send a transaction fee worth than the actual amount that I want to send. The good news is most of the transactions right now are below $3 which has been the norm for the last few weeks.

Bitcoin the king of microtransactions yet again? Roll Eyes

stompix

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Blackjack.fun

Quote from: Asyifiah on September 16, 2017, 10:19:14 AM

Please look at this
https://blockchain.info/tx/161c2c92c71ec914cfbe448483f70073987890b524f7273ab1b6664e3f96ee26
Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

As always the person behind is the one who is responsible.
Sticky fingers, bad configured client, bad configured application or..
Somebody who was in a real hurry to move those coins.
It might even be a "hacked" wallet, there are thousands of possibilities and reasons for it.

Pursuer

legendary

Activity: 1638

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Where is my ring of blades...

Quote from: Asyifiah on September 16, 2017, 10:19:14 AM

Please look at this
https://blockchain.info/tx/161c2c92c71ec914cfbe448483f70073987890b524f7273ab1b6664e3f96ee26
Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

the person who sent that transaction can only know the real answer to this question. but from what I have seen so far, the issue has always been with the wallet or any customized wallet they are using. it estimates fees wrong and includes a ridiculous fee like this.

and this possibility is the most possible! because if you go back to the previous outputs it spends, they are all including ridiculous fees.

I remember coinbase used to do this and lose a lot of money because of it.

Asyifiah

sr. member

Activity: 686

Merit: 262

Enterapp Pre-Sale Live

Please look at this
https://blockchain.info/tx/161c2c92c71ec914cfbe448483f70073987890b524f7273ab1b6664e3f96ee26
Fees 0.016836 BTC
not all transactions use cheap fees. I don't know why it happened.
but lately a lot of transaction fee is very cheap

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: jekjekman on September 16, 2017, 10:11:33 AM

It seems that Bitcoin is back to wherever it is before and I really don't know what happened, can anyone tell me please.

SegWit was activated + spam attack stopped = no huge backlog = no competition for getting in blocks = low transaction fees

Quote

As I though that the downfall of bitcoin will be resulted of too much transaction that will be done of the panic sellers but it seems the reverse happens,

it shows that people who have invested in bitcoin don't care about these swings. they are holding their coins.
it is the traders who are already keeping their coins on exchanges (and of course a small number of others too) who are selling and buying back.

Quote

I just sent my transaction with a $0.01 worth of bitcoin within 25 blocks and I can also choose to send it within the next block for only $1 worth of bitcoin. Any thoughts?

in the future please report fees in satoshi/Bytes which is more understandable .

edit:

between the highs in those months, is when everything is normal, no spam attack, no high fees and everything smooth.

jekjekman

sr. member

Activity: 378

Merit: 250

It seems that Bitcoin is back to wherever it is before and I really don't know what happened, can anyone tell me please. As I thought that the downfall of bitcoin will be resulted of too much transaction that will be done of the panic sellers but it seems the reverse happens, I just sent my transaction with a $0.01 worth of bitcoin within 25 blocks and I can also choose to send it within the next block for only $1 worth of bitcoin. Any thoughts?

Topic: Lower transactions fees now? Bitcoin is back it is! - page 2. (Read 824 times)