No gambling today due to bitcoin high transaction fee. - page 8.

usekevin

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Quote from: freedomgo on April 20, 2024, 08:36:50 AM

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

The gambler who using their holding bitcoin for the transaction may get suffer from this situation.Because the transaction fee is the additional for the gamblers to add their money to the gambling site.Mostly the gamblers convert their money to usdt or other less transaction fee cryptocurrencies.So they easy get away from the transaction fee.Mostly the gamblers will not trade their money in the gambling sites in term of the bitcoin.Because bitcoin will automatically become some multiple of itself with certain period.

Quote from: ralle14 on April 22, 2024, 10:52:53 AM

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

The halving was the base reason for the increase of transaction fee,but mostly due to increased demand the price of the bitcoin will increase in the market.So the same will reflect in the transaction fee for the bitcoin transaction.The gambling site still favours the transaction of the bitcoin with less transactions fee.The transaction fee for tron,XRP and USDT are very low compared to the amount for the bitcoin transaction fee at the same moment.The gamblers may hold their valuable bitcoin for the future profit.

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Quote from: taufik123 on April 22, 2024, 12:51:18 AM

Quote from: boyptc on April 21, 2024, 05:45:41 PM

USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.

More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.

They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.

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Quote from: AmoreJaz on April 22, 2024, 11:42:33 AM

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly.

Most people don't want to pay $10 for a single transaction. Even for regular transactions 120 sats/vb is quite high. Maybe you can try using the lightning network, but you still need to deposit, make channels, etc. It's probably not the best time to try LN if you don't want to spend $10 for a deposit though.

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Quote from: Viscore on April 22, 2024, 11:18:32 AM

I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly. On this note, maybe, pause for a while if you feel you can already bet that amount. And I can totally understand about such feeling, because I also bet small in some of the sports. For now, you can use other cheap alts if you can exchange it before sending to the online casino/bookie. There are so many ways now how to transfer alts to the gambling site.

And do remember, most of these gamblers will continue to play despite of the tx fees incurred. The gambling activities may be diminished to most small time rollers, but for high rollers, I don't think they would stop their betting owed to high tx fees.

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Quote from: ralle14 on April 22, 2024, 10:52:53 AM

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

No longer as expensive as few days back, but it can be still a big amount for small players who play with few tens dollar to 1 or 2hundreds dollar.
Of course there is no other ways to avoid expensive bitcoin tx fee for gambling except by using altcoins (I prefer TRX most of the time).
I myself rare to gamble using bitcoin because I prefer to hold it than using it for gambling.
If people cant afford to pay bitcoin fees (when it is expensive) but they do not want to use altcoins, simply do not gamble at all

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Quote from: ralle14 on April 22, 2024, 10:52:53 AM

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

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Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

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Quote from: Strongkored on April 22, 2024, 01:35:57 AM

For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

Since almost all of the gambling sites allow you to gamble with altcoins along with Bitcoin, so it is not a big deal if due to the high fee, the people will use the altcoin for gambling and do not use bitcoin for the time being. Also, I think the high transaction fee was at the time of halving but now slowly the tx fee is decreasing and currently, it is a little above the 100sat/vbyte. With the passage of time the runes hype will be over and then we shall see a low tx fee, as before.

Quote from: bakasabo on April 22, 2024, 03:06:10 AM

To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos.

A lot of people prefer altcoin over bitcoin while gambling and this is a fact. Altcoins like Dogecoin, TRX or LTC take seconds to get deposited and also the tx fee is too low.

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Quote from: Casdinyard on April 21, 2024, 05:59:09 PM

Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.

We are all caught up in this very net of high tx fees with the bitcoin network so it doesn't matter as gamblers who did cried out about the high fees or who else kept quiet about it. We all have our different personality trait and there are gamblers with a personality that they can't just keep quiet about this high fees with how it's affects them from gambling even when they aren't addicts. Hence, it can't be justified that they might be having some gambling addiction struggles within by virtue of them reacting to the frustration of not being able to gamble for those one or two days.

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To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos. And btw, situation with Bitcoin and fees seems to get normalized, as whole morning I see no fees greater than 100sat, which are the same as they were 2 weeks ago.

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Quote from: freedomgo on April 20, 2024, 08:36:50 AM

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

This shouldn't stop you from gambling, many online casinos are aware of the high trsansction fees that happen with Bitcoin at times and thats why they have other deposit options too, like Tron TRC20 and others, if you really want to gamble and all you have is BTC, kindly move to an exchange and swap to other acceptable coins. Easy as ABC

I know like 10 different online casinos on here and they accept other altnernative coins apart from Bitcoin, some are large in numbers and some are just few, gone are the days where online casinos only accept Bitcoin payment only, today we have Litecoin and Dogecoin as a plus.

As for the high transaction fee on the Bitcoin Network, it will soon fade away, since the last days I have seen $250 per transaction and it gets lower and lower everyday, today its down to $9 and that my friend is a big changes so far, you can give it time if you don't want to use other alternative coins.

Strongkored

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For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

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Quote from: Alone055 on April 21, 2024, 04:39:34 PM

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.

It's just an option or an option that you can skip if you don't like it.
And there are many other coin options if the casino platform supports more coins.

Some people who gamble use bitcoin not only to make a profit from the value of bitcoin,
but also to accumulate Bitcoin holdings in order to get more if they get winnings.

Quote from: boyptc on April 21, 2024, 05:45:41 PM

Quote from: Alone055 on April 21, 2024, 04:39:34 PM

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.

USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.

More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.

Like the airbet.io Online Casino that I use,
there are around 17 Crypto Currencies including BTC, ETH, LTC, DOGE, TRX, stablecoin USDT, USDC which uses the TRX and BSC Network with cheaper fees.

https://airbet.io/

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Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.

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Quote from: Alone055 on April 21, 2024, 04:39:34 PM

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.

It's fine to gamble with BTC if the fees are bearable and cheap but if the situation is like this, I'll be the first one to stop.

Quote from: Alone055 on April 21, 2024, 04:39:34 PM

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.

USDT or any other altcoins that has a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it but you should also choose the network where you'll send it because ERC20 is not cheap anymore.

Quote from: Alone055 on April 21, 2024, 04:39:34 PM

People who use Bitcoin for gambling might not agree with me, but that is what I think and it is what I do when I'm gambling for better clarity.

It's okay, to each their own.

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Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.

People who use Bitcoin for gambling might not agree with me, but that is what I think and it is what I do when I'm gambling for better clarity.

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Quote from: moneystery on April 21, 2024, 06:04:16 AM

and because of that i don't use bitcoin for my gambling because the fees are unreasonable at some times. even to make a transaction right now it costs 15 usd, it's just quite unreasonable. and because it is better to choose another payment method that is more reasonable than bitcoin, usually casinos provide alternatives that gamblers can use if they find it difficult to use bitcoin as their payment, and usdt is usually the best choice.

Multiple payments methods I'd one of the features of contemporary casino's because what most gamblers look put for is how to fine the best alternative to whatever is giving them issue's such as payment system and if at any time bitcoin fees become unbearable like the current situation then you can switch to alternative currency that have less fees.

USDT is one of the most used currency due to the low fees and foster transactions on the stable coin network.

Rabbitqt

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I don't understand why people are even using BTC for transfers? When you can basically use any other crypto and pay less than 3 cents in transfer fees...

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People using bitcoin to deposit to casinos probably won't care paying a fee of 10 or 25$. Those of us that care and are already experienced enough with crypto are most likely already aware of alternative methods probably. Like for example using USDT on BSC or Tron network to pay fees like 1 USDT per transfer. Even that is a big high for some people but hey, at least compared to ETH and BTC fees it is very much on the low side. I don't know how often people withdraw from gambling casinos though.

I'd guess it's mostly that people care about how much it costs them to deposit. And for such reasons most crypto casinos are also introducing credit card payment methods lately also. Even if you pay a 10% fee to deposit crypto via credit card payment, it still makes sense on low payment amounts like 10$

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Quote from: Mia Chloe on April 21, 2024, 02:40:34 PM

Fees are actually going back to normal gradually. As for now a majority of persons have paused and transaction till fees become economical once again. Likewise most gamblers either paused funding their gambling wallet with Bitcoins or made use of other networks to deposit like USDT or even Tron. Gamblers that are still able to stake this period are those who already had some funds in their gambling wallet or recently funded their gambling wallet before the recent Bitcoin fee increase.
I that alternatively most gamblers are making used of other coins and tokens accepted by their online casinos to fund their gambling wallets instead of making use of Bitcoin during this period of high fees.

Nah, fees are still going up, and it really depends on the timezones, sometimes I will see that the fees are going down to like 90 sat/vB. But after several hours, with no pump in the price, it will go back to 200's sat/vB. So no Bitcoin deposit for now, just the fees alone will eat up our money for gambling. So either uses USDT or other altcoins that is fast and quick, or totally stop gambling which is very hard to do. Or maybe there are gamblers here who might think of the alternative fiat platform just to stay away from the Bitcoin high fees for now.

Topic: No gambling today due to bitcoin high transaction fee. - page 8. (Read 2004 times)