Topic: No gambling today due to bitcoin high transaction fee. - page 3. (Read 1995 times)

Right, and so we are back playing with our favorite Bitcoin as the fees are back to normal. I even had used 2 sat/vB now to deposit on my favorite casino. As for the ERC-20 related tokens, they are more expensive than Bitcoin and the last time I used them was months ago.

So I guess for now we can conclude that everyone is very happy that the Bitcoin tx fees are not that expensive. And if you check the current mempool, it's 3 sat/vB and so it's less than a dollar.

Agreed much of most of you said about the other chains which is the most used for transferring due to lower fees. About bitcoin, i just spent 20 cents for a fee of 3 sat/vB, it's been more than a month already, not less but not that much of a fee also.

Right now, Bitcoin fees are already relatively small, but I don’t understand why casinos that accept cryptocurrency can’t switch to more convenient coins. We can use Litecoin, for example. It’s a POW coin, but it has consistently low fees. And so, there are a huge number of blockchains with low fees. Arbitrum, Optimism, Cardano, even xrp. Or Aptos. Yes, there are now several dozen relatively popular coins that have low fees and can be used to pay in casinos and bookmakers.
Besides, if those who claim that we are at the very beginning of a new Bitcoin bull run are right, then using Bitcoin in casinos is not very far-sighted.

Agree with you that ethereum is not friendly anymore to a fee ahhahah the simple send cost you 2$ in gwei of 3.5 that is not cheap at all. But Im still agree with other chain like @usekevin said earlier.
BNB and Tron is still good at the moment and using stablecoin is the best option for now.

heck I'm just curious why the casino not adapting new chain because Layer 2 of Ethereum is very booming right now and they offer crazy cheap transaction fee per tx.

While bitcoin isn't cheap last time I send my salary is around 1$ so yeah

Who still uses ethereum related tokens (erc20) to avoid higher fee and congestion? I guess you are in the wrong way, it's a suicide, nothing's gonna happen good using such tokens unless you want to try and try again after fail transactions. Even now, ethereum blockchain has over 100k pending transactions.

The fee for the transaction will be the common one,even in the trading we face this bitcoin transaction fee.In order to avoid of this,the gamblers can use the other coins like Ethereum,BNB and tron.So the transaction fee issue will be resolved.Many experienced gambler know this tricks to avoid of the fee in the gambling transaction.But the new people not aware of this fee issue,they mostly pay huge amounts of money for the fee itself.The gamblers should concentrate in the game play by the gambling transaction fee problem,because concentrated game alone will help the gamblers to make money in gambling site.

In my opinion, for quite a long time now, BTC has not experienced such critical mempool states that the fees would be absolutely exorbitant amounts in dollars, or even tens or hundreds of dollars. After the peak of fees after the halving in April and the initialization of the protocol with runes, everything has more or less calmed down and so far there are no such critical dangers for increasing fees. So, as you say, the river has not yet overflowed its banks. And as for L2 for BTC, it seems to me that all initiatives in this direction are noticeably less active and apparently the calm state of the mempool is slowing down such initiatives of some developers.

Seems it was mostly one day April 20th though it rose on May 5th also, it would have cleared a transaction after that delay but its unfortunate that BTC has a possible log jam at times.      Before and after those peaks it was fairly reasonable in usage, some people cant wait and pay the price.

Fees represent efficiency to some extent and if BTC is not an option even for the normal people dealing in sub 100 dollar amounts then I dont imagine its going to work out no matter what other genius it might contain.

There are almost alternates, but none of them will be as secure and desired by mainstream business.   I see BTC as like a river, its going to break its banks sometimes with excess flow and volume.  It has to have some lateral expansion to allow all people to use it.

  If anyone ever dismissed alt coins as non valid they should take notes at times like this when its quite essential for a global audience.

Still, even if the fees are high, if you are moving a lot of value on-chain, the percentage that you are paying is quite low.

Sometimes you can't even do that in fiat.

After a certain amount you will end up paying a lot of fees, or maybe are even impossible to make that transaction.

Still good to discuss this matter since network congestion and rising of fees could happen anytime that's why there are still people following these thread to say what people can say regarding on what's currently happening on and what options they are adopting so that they could also look at it and see if those methods they have done is applicable or acceptable for some people here.

And its really pretty painful dealing with that situation and everyone got shock for seeing the transaction fees goes at $200 since people can't afford to do any transaction since a lot of us think that its waste of funds to transfer and just accept that we need to pay so that we can do successful transaction to those casino we are depositing our funds. USDT is actually never  my option since I don't like to deal with stable coins just to push thru my gambling activities and I choose to wait for the fees if not goes back to normal at least it goes back to 10+ sat per/vb $1  on high priority since this could give me convenience especially that I only like to deal with bitcoin since we know that this is more better than any other coins out there.

Dont know if it would really be that still significant on speaking about high transaction fees on which today we are now:
13 sat/vB
$1.18
Highest fee that we could be able to spent out but of course not all people would really be that not making any transactions on the time that there would really be that clogged network.
This is the highest tx fee that i have seen ever in my crypto engagement on which it did been able to reach out $200 which is really that too much. Its true that there are
gamblers who would really be stacking up some USDT into their gambling accounts but of course we do know that not all would really be doing like that because
most of the time we would directly sending out Bitcoin or the main coins that we are loving to gamble with.

I feel like this is why a lot of places are adding USDT, because you can find USDT in many chains, and that means that we are going to have a lot of people using those quick and cheap chains to move USDT around.

There is no volatility, there is no price changes, and yes it is risky because if USDT crashes it won't be like anything else we have seen so far, could see bitcoin go down prices that it didn't hit for many years, but until then it seems like the best option. Allows people to do whatever they want, without having a worry at all. I personally believe that we are going to see something much better with Bitcoin in the future as well, because these ordinals and runes and so forth will be eventually banned from blockchain one day.

I had a check on that and I was surprised and it's due to the high peak that Bitcoin has merge but nevertheless if I want to gamble I can still afford it but it's a way high gambling with such amounts,then probably if you lose its all gone but it's an avenue to limits gambling and take break in the game.
And if this current transaction fees goes higher as the day go by alot of gamblers will be limited to gambling for a while and I'm sure it's going to to helpful to those addicted gamblers.

With the story of the huge increase in Bitcoin transaction fees that is happening due to the Ordinals and Rune experiments, here's what I thought. 

Indeed, buying altcoins and then selling them just to save on transaction fees is a completely unnecessary action for many players.  They take time and are generally an unnecessary headache.  On the other hand, the loaded state of mempools can continue for quite a long time, as was the case in October-December 2023. But such surges in transaction fees to completely prohibitive commissions lead to the fact that a player using only BTC is forced to stop transferring money to the deposit.  As a result, such a player is forced to stop playing for a while.  But just a forced break from gambling, although it infuriates and irritates any player, also allows you to take a little break from the game, and in some cases even slightly prevent the player from becoming addicted to gambling.  So it seems there is a positive aspect to such forced breaks in the game. 
But of course, if the crazy mempool does not last for months.  This, of course, will no longer be acceptable.

Accepting loss is a must for every gambler but not many gamblers can do that. Many of them trying to recover their loss by continuing playing gambling. They must use gambling for fun and not for making money.

We already pass with the tested and we can use bitcoin to playing gambling although there will be a time for the fees surge again in the future. But we don't have to worry because that fees can change anytime.

Gamblers must knows how to act based on the current situation so they don't have to panic when they see the fees increases. They have two options if they see that happens again. First, they don't have to playing gambling for a while. Second, they can use altcoin or stable coins as an alternative.

Even if we can back to use bitcoin to playing gambling, we must be careful because bitcoin now becomes worth it and we must treat bitcoin as an investment. We must knows how much the fees with right so we can see if that's worth it or not to use bitcoin to playing gambling. If we thinks that's not wort it, we don't have to use bitcoin instead use altcoin or stable coins. Yes, I already hold my bitcoin for a while and not sell it because I am waits for the next highest price. That will gives me profit if I can hold it until the price increase so high and I can sell it at that price.

Without a doubt this is good news to many of us, I do not really hold any altcoins so bitcoin being so expensive to send out to my casino wallet made prohibitive any form of gambling, and while it is obvious that at some point the fees will grow once again, especially when the bull run is at its highest, I still refuse to convert some of my bitcoin to altcoins, as even if I can see that some of them have very low fees, I do not want to risk losing any profits at this time.

Yes, at the current fastest rate of 15 sats/vB I think everyone is glad to see the transaction fee normalized and we back to using our precious BTC again. And at least we have been tested by whatever the reasons for the sudden surge in the fees and we all pass it.

I think everyone knows what gambling is, some of us have been in the Bitcoin gambling for so long.

And also for sure online crypto based are very happy to see the fees going down, so it's a win-win situation for us and for them.

If I understand what you are saying very well, what I mean is to do when you go to withdraw an internal exchange to avoid the high fees of the bitcoin network, because obviously if someone enters with bitcoin and plays with itcoin, the problem will always be withdrawing the money For example, I am a person who, whenever I enter the casino and have my winnings, even if they are few, if I can withdraw them without any problem, because it is my way of playing , of course there are casinos that assume the transaction fees at the time of the withdrawal and the withdrawal is free, that is, if I withdraw 10 or 12 usd in bitcoin, the casino assumes it, that is another case, but in the case that you have a profit of 12 and I want to withdraw, but the minimum Withdrawal is 10 dollars in bitcoin and also, it's 5 or 6 dollars in bitcoin, so I can't withdraw.

Correct, but the problem of people who gamble using Bitcoin isn't about high fees, they also see Bitcoin price rise as a problem too.

I still remember some users saying they regret to gamble using Bitcoin because the price now rise double from when they bought it and they hesitate to gamble with existing coins that they have in their account.

I mean, come on... someone who keep thinking about spending for entertainment will not enjoy any single moment.

Before you gamble, you need to accept loss because it's inevitable.

Gambling is for fun, not for making money.

It's good to see that bitcoin transaction fees have fallen and returned to normal. This allows gamblers to return to gambling using bitcoin again.
I can send some satoshis to my gambling account to gamble again and hope there is no increase shortly. But gamblers can still use altcoins or stable coins if they feel comfortable with their choice.
But for those who like to gamble using bitcoin, it's time to get back to gambling again. But be careful when gambling because we don't know when we will win.