Pages:
Author

Topic: Are you using low fees? - page 22. (Read 13467 times)

legendary
Activity: 3038
Merit: 2162
June 03, 2017, 01:56:57 PM
#8
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
Isn't 50-70 sat per byte extremely low fees? They are going to take ages to confirm. I usually pay up high fees when doing any kind of transactions, don't feel like waiting. I once had an transaction with 296.011 sat per byte. It took almost 4 days to confirm. How long does it take to confirm with 50 sat/b fee?

My 65 sat/byte (also, it had 2.2 kB size) took 2 weeks to confirm and it arrived today.

I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well. Cool

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.

That's exactly my thoughts, today's 2 mBTC might be "only" $5 (which is already too much for transactions under $500), but if Bitcoin will cost $20 000 in 10-15 years, at that point the amount of fees paid by average Bitcoin user can easily be worth a few thousands USD or more.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
June 03, 2017, 01:47:01 PM
#7
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?

I used medium fees but lately it's now decent high, 100,000-150,000 satoshis is too much for a fees. That is $2 on USD value. To minimize the cost, I always transfer in bulk. But Im considering using low fees now but not to wait for 2 or 3 weeks. Id rather pay for 1 to 2 days than weeks eventhough Im not using my bitcoin.

You never know what will happen so it's good be ready. We can earned the lost money but for the needs, we must be ready anytime.
legendary
Activity: 3276
Merit: 2442
June 03, 2017, 01:39:13 PM
#6
I always use 30 satoshi per byte and i'm letting Jihan BU to pay the rest on my behalf.   Viabtc's free service does the job very well. Cool

Paying >200satoshi/byte started to hurt me very badly. I have to move my coins from one address to another from time to time because those small incomes which i collect from here and there create many inputs in time and i don't want to look at a 100$ fee in some day.
hero member
Activity: 728
Merit: 537
June 03, 2017, 01:35:42 PM
#5
Look at this.
I sent an exchange some bitcoins with an extremely low amount of fees (60 sat/byte) and left it like that for days.
I thought it eventually is going to return back to me. But surprisingly just a few minutes ago it started getting confirmations.
This is actually just 3 days from sending it.

I haven't used viabtc or anything similar.
Weird and interesting.

https://blockchain.info/tx/f6290491b2f00b3c5f2c773ab024723b568bdca456b680b24a2a766aab3d8d15
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
June 03, 2017, 01:32:08 PM
#4
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
Isn't 50-70 sat per byte extremely low fees? They are going to take ages to confirm. I usually pay up high fees when doing any kind of transactions, don't feel like waiting. I once had an transaction with 296.011 sat per byte. It took almost 4 days to confirm. How long does it take to confirm with 50 sat/b fee?
legendary
Activity: 1288
Merit: 1087
June 03, 2017, 01:25:51 PM
#3
i go for middling fees. i'm not convinced fees that low will ever confirm with things the way there are these days. if i'm buying something then i go for relatively high because i don't want to be waiting around.
legendary
Activity: 1512
Merit: 1012
June 03, 2017, 01:25:11 PM
#2
Last time I used normal fees was quite long ago. In the last few months, I always use fees hefty enough for next block confirmation, mainly because when I spend Bitcoins, I spend them to buy something and next block confirmation are always welcome in these cases.
legendary
Activity: 3038
Merit: 2162
June 03, 2017, 01:22:03 PM
#1
Sometimes when I withdraw BTC to my wallet, I set really low fees like 50-70 satoshi per byte and wait for weeks, because I'm not going to spend those coins in the near future anyway. I think it's a good way to save a bit of money, because if you look back, you might realize that your fees have added up to a big amount in USD value, while it wasn't always necessary to get those coins confirmed asap.
So, do you use low fees, or always want to get confirmation in a next few blocks?
Pages:
Jump to: