No gambling today due to bitcoin high transaction fee. - page 9.

milewilda

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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.

As it should be since there's no other way that it could go through which it would be going down or something on the time that it would normalize on which this is something that do really happen.
There are really times or moments which these fees do really spike up specially on some event or whatever reason it could be. There are really just that people who do make out some exagerrated
comments specially newbie ones when these spikes do happen as they could really be able to see some alternative or coins on which they could really make use on the time that they do gamble.
Come to think that Bitcoin isnt the only coin that you could really make use out of these platforms.

It is really that settling down now, it might take up a few hours or even a couple of days before it would goes back to normal. This would really be always a test of patience
and instead on making yourself getting pissed or disappoint then it would be best that you should look for other places on wheer you could put yourself to enjoy on.

darkangel11

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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.

Good for you. You'd have to be insane to pay over $200 for a bitcoin transaction. Probably another stupid move by the ordinals people...
Anyways, I've always said that if someone wants to burn money just to prove a point, we should let them. Your money, do whatever you want, I can wait and you will eventually run out.
As long as this continues other people will not sent any transactions, decreasing the total number of transactions, so that the people who are fighting for their spot in the next block can duke it out.

Mia Chloe

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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.

Crypto Library

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Every time I see this congested state of Memepool, I get annoyed, even if I don't want to, I have to find an alternative to bitcoin for transaction. It is in all cases starting from gambling to all the services I use as payment, I am being shifted from the Bitcoin network to another network. But I don't stop my gambling it is going on now I am using litecoin even today I have also doing two of my betting and I have on both of them, So I think there is no connection with the bitcoin to gambling, gambling will go it's own way and on the other hand bitcoin will go its way. And I think we don't should stop our self from entertaining because of only the tx fee is high cz there is alternative ways ae already available

Su-asa

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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.

From my opinion, I have known some casinos to have other payments methods and if a casino have only only 1 option for deposits, that means they will not have much customers because there are people that feels comfortable with Bitcoin and there are others that always use altcoins for gambling. So as bitcoin fees is very high they will likely switch over to USDT when they want to deposit.

EarnOnVictor

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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?

Thank God the Mempool is now better, it was scary in the wake of halving and it is not acceptable in a sane system. The miners have once again demonstrated their selfishness and continue to cause issues on the Mempool. I was able to see almost around $200 fee at that time, which is insane and a taint on a system like that of Bitcoin that other cryptocurrencies were supposed to look up to.

However, it is good for us to foresee a thing like that, I had foreseen it, since miners that could be exploiting people on a normal day, how much more would they do on a special day like that? In future, in a time like that, having enough money in your gambling account is good, this should be able to serve well until the whole situation comes back to normal.

Also, Bitcoin is not the only cryptocurrency to make deposits into casino accounts, use the alternatives. But if your casinos doesnn't allow that, they will be the ones to lose, just deposit into another casino account and continue to enjoy your betting as usual.

BABY SHOES

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There are still altcoin alternatives to still be able to play gambling at your favorite casino.

For a long time bitcoin has experienced a lot of congestion in its network due to high fees even though it was once low again, but as an option I chose altcoins instead of bitcoin for the reason that the cost is cheaper the withdrawal is more minimal in contrast to bitcoin.

I don't know how a gambler who often deposits with bitcoin feels, maybe he will postpone gambling until the mempool subsides, unless a whale deposits a large amount then the $100 fee is not a problem.

GxSTxV

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Today for the Low Priority transactions the fees are 138 sat/vB which is around 12,5$, if you are a gambler with low budget these fees are considered really high, maybe a round betting in slots or a hand in BlackJack will be wasted. Personally, whenever the fees are high like lately, I prefer to exchange a small quantity of bitcoin to USDT or BNB with lower fees. It’s a process that I do with centralized exchange which I don’t recommend, preferably to choose a decentralized exchange and it has lower fees.

However, If you are not thinking about exchanging your Bitcoin to other coins, at the same time you can’t afford the fees of transaction, maybe it’s a good opportunity to give gambling a rest and find a better activity and have fun, after all it’s not an obligation to gamble all the time.

aioc

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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.

All of us are caught with these huge fees, I should have transacted but I wanted to know what the halving would bring so I delayed my transaction only to get caught with a very unusually high fee.

Quote

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?

Gambling activity will continue, on all the platforms on the internet online casinos will never cease their operation because of the very high transactions of Bitcoin, there are altcoins to turn to, and I'm sure gamblers who use Bitcoin have contingency plans in case they can't deposit Bitcoin, gamblers will always have alternative.

livingfree

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Quote from: cabron on April 20, 2024, 09:20:22 AM

This is where altcoins is going to be a good option.
Any gambler can still send USDT to a casino which is what I also did. I tried checking how much the fees today also because I wanna send to an exchange from my wallet, and the fee is more than the amount I wanna send. For a gambler, nothing can stop especially when boxing of Haney and Ryan Garcia is about to happen so I just send a few USDT from the exchange.

https://talkimg.com/images/2024/04/20/j7LVq.jpeg

Just a screenshot of how much I would have paid for sending a few bucks.

Compared to yesterday, it's cheaper now but compared to the normal days, it's still quite expensive. So whom did you bet? If Garcia, congrats.

Quote from: 0t3p0t on April 20, 2024, 09:40:52 AM

Yeah same here as well, those fees are insanely high and for me it's not an option doing transactions. I'd rather choose another option like Doge or stable coins. We can afford to gamble but not the fees of course haha that is too much for me. And even big players I don't think they are gonna do that as well.

Doge all the way, right? Grin

We can't afford to transact with those fees but if you've got some balance in BTC already sitting in the casino you're gambling then you have no problem with that not unless you start to withdraw.

Quote from: Crypt0Gore on April 21, 2024, 04:49:38 AM

I have been screaming this out loud for a long time now, what brc20 and runes will cause will make Bitcoin not as interesting as it used to be, this is just the tip of the iceberg, we haven't seen anything yet.

What do you think will happen once there is a bigger bull market and those ordinals have huge amounts of volume? There will be sluggish on the network with high transaction fees too, probably higher than what we see right now.

Buckle up guys, they claimed that ordinals will make miners get fat pocket but in the end, it is killing Bitcoin users, if mining is the only thing that makes sense with Bitcoin just because of what miners will make then the whole thing doesn't make sense anymore.

I've seen this in the past but not as big as yesterday. I'm prepared to what will happen but I strongly disagree with you about this with the brc20/rune cause of the high fees.

There's so much privilege for Bitcoin and despite this problem has been existing since several years ago, it'll remain where it is right now and eventually this high fees problem will be solved.

Viscore

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Quote from: Apocollapse on April 21, 2024, 05:59:12 AM

Quote from: TheUltraElite on April 21, 2024, 04:16:39 AM

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.

No need to wait for the future, there are many casinos have been adopted Lightning Network List of Gambling Site Accept Lightning Network.

Even though Lightning Network is cheap, but it's not cheap at all.

If you didn't have Bitcoin in lightning network, you need to convert it, so you need to pay on chain fees.

If you didn't have a channel, you need to fund it using on chain fees too.

And some aren't interested with the lightning network as it could be complicated for them. So why would they choose an LN if they can use an alternative coins. As of now, there are a lot of casinos already that are accepting altcoins and it's not anymore a problem using it as there are exchanges that have a decent volume on it, so it's easier to gamble even if we wager a bigger amount.

OP was just probably discussing about the current situation, but this will be gone soon as bitcoin will be back to its normal transaction fee average. As I'm checking now, the fees are down to $15 already, so tomorrow maybe we will see a max $5 on this.

moneystery

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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.

Apocollapse

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Quote from: TheUltraElite on April 21, 2024, 04:16:39 AM

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.

No need to wait for the future, there are many casinos have been adopted Lightning Network List of Gambling Site Accept Lightning Network.

Even though Lightning Network is cheap, but it's not cheap at all.

If you didn't have Bitcoin in lightning network, you need to convert it, so you need to pay on chain fees.

If you didn't have a channel, you need to fund it using on chain fees too.

Crypt0Gore

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Quote from: livingfree on April 20, 2024, 08:42:37 AM

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

how is going today?

It's good because the halving happened but not that good when we're looking at the fees of it. These BRC20, NFT bitcoin blockchain and Runes crazy folks that are spamming the network so, doing good and bad at the same time.

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

Who among us here can still afford to gamble?

I won't afford to pay for that sums of fee. If I want to gamble today, I'd choose the altcoins that have lesser fees or simply go on with Litecoin or any other altcoins like Dogecoin or even XRP if I have to.

I have been screaming this out loud for a long time now, what brc20 and runes will cause will make Bitcoin not as interesting as it used to be, this is just the tip of the iceberg, we haven't seen anything yet.

What do you think will happen once there is a bigger bull market and those ordinals have huge amounts of volume? There will be sluggish on the network with high transaction fees too, probably higher than what we see right now.

Buckle up guys, they claimed that ordinals will make miners get fat pocket but in the end, it is killing Bitcoin users, if mining is the only thing that makes sense with Bitcoin just because of what miners will make then the whole thing doesn't make sense anymore.

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The high fees do drive away some gamblers but not all. Some of them will continue to pay the high fee and still deposit just to bust their coins once again and continue depositing more till they have an empty wallet. This is also why casinos introduced the altcoins are payment system in the casinos, they know how difficult it is for the gamblers and to allow their business to run smoothly during high fees situation, altcoins are a good option too.

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.

bakasabo

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I thought that for a long time, not many gambling use bitcoin for gambling already. As there are more cheap and fast blockchain, bitcoin isnt that popular for gambling. I cant remember when the last time I have used bitcoin for gambling. And dont forget, that many still convert their bet and balance to $. No matter what cryptocurrency they deposit or use for betting, mentally they count everything in $. I doubt that high fees are real problems for gamblers. People would avoid using it and that is it. Because not only its is costly to deposit, but they will also lose a lot during withdrawal.

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Quote from: freedomgo on April 21, 2024, 12:23:09 AM

Still no go today, but the good news is that the fee area slowly going down. I missed the $200 - $300 which I saw posted by yahoo62278, and based on that, there's a major decline already as the fee is now $30, but like you said it's still impractical to gamble at this moment. I have few balance in my debit card, I can use it in our fiat sportsbook but I woudn't still be satisfied as I want to have a longer session, so I'll just probably wait, few more days and everything will be back to normal.

Fees are still unstable, and this is indeed the effect of the Halving and Rune Protocol appearing in Bitcoin.
But there are still other options besides using Bitcoin, you can use Fiat or altcoins, but it depends on each gambling platform whether they provide other coins.

But of course this situation will not always happen, costs will return to normal and stable.
Now the transaction fee has dropped quite drastically from yesterday's highest fee.
The highs are now around $22 and certainly not good enough for gambling or other transactions.

https://mempool.space/

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Quote from: Don Pedro Dinero on April 20, 2024, 11:51:23 PM

I don't have any altcoins at the moment, otherwise I would use an altcoin with low fees to make a deposit. The fees have gone down but they are impractical for people who play with low amounts. I, like the OP, never deposit more than $100 and right now I would have to pay $30 in fees to be able to deposit which is a big NO.

Eventually if I get the gambling bug I'll take my card and deposit at a fiat casino.

Still no go today, but the good news is that the fee area slowly going down. I missed the $200 - $300 which I saw posted by yahoo62278, and based on that, there's a major decline already as the fee is now $30, but like you said it's still impractical to gamble at this moment. I have few balance in my debit card, I can use it in our fiat sportsbook but I woudn't still be satisfied as I want to have a longer session, so I'll just probably wait, few more days and everything will be back to normal.

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I don't have any altcoins at the moment, otherwise I would use an altcoin with low fees to make a deposit. The fees have gone down but they are impractical for people who play with low amounts. I, like the OP, never deposit more than $100 and right now I would have to pay $30 in fees to be able to deposit which is a big NO.

Eventually if I get the gambling bug I'll take my card and deposit at a fiat casino.

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Quote from: Mrbluntzy on April 20, 2024, 06:10:45 PM

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

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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.

How if your favorite gambling site is accepting bitcoin only as payment method? As long as I know there are still some sites that accept bitcoin only like bustabit and bustadice. With so expensive tx fee, small players will not be willing to make deposit and there is no other option except stop gambling while waiting for the fee to be back normal or move to other casinos that accept altcoins. This kind of high tx fee is not only affecting players but also casinos (especially those with no altcoins). Of course there might be some players who do not mind about high fee but they must be high rollers who deposit thousands dollar per transaction.

Topic: No gambling today due to bitcoin high transaction fee. - page 9. (Read 1995 times)