Even though segwit has lower hashpower acceptance if you look at nodes approval rate you'll find that bitcoin unlimited is not even close right now. And I believe that nodes are the most accurate way to actually measure it because nodes represent actual service providers in the bitcoin sphere instead of just a bunch of people that have hardware and cheap electricity.
The transaction fees are indeed ridiculously high. Try to use a web wallet and store low amounts of bitcoin, the fees they charge is usually less than the miners fee. The UASF is coming up so, at least we can put an end to this.
Topic: ridiculously high *transaction Fees* needs to be fixed asap! - page 2. (Read 947 times)
What can we do? Buy cloud mining power in a mining pool that wants what you want.
This is truly a non statement. Buying yourself into cloud mining makes you nothing more than a slave of the pool that you have given your precious coins to. It's just you having a contract or hashshare that represents a certain hight of hashpower, and that's it. You can also run nodes and support what you want
Doesn't change anything in current situation.Or buy your own mining hardware and mine in a pool that supports what you want.
Also doesn't change anything in current situation, plus it's a far too expensive practice for someone just interested in lower transaction fees.This will only be solved through mining power I think.
UASF.
There are two alternatives, the hard fork, which "Bitcoin Unlimited" (it's the SegWit opponent) would try to force a solution by splitting Bitcoin in two and the another possibility is the biggest part of Bitcoin community endorsing one side, which seems impossible as until now the percentages are very distant to become a common opinion.
I think most people feel very sad about it, because they don't want to pay high fees, but it's being very good for miners as they are enjoying the high fees we need to pay to them.
The little fishes can do nothing about it, only the big businesses have right of decision here.
I think most people feel very sad about it, because they don't want to pay high fees, but it's being very good for miners as they are enjoying the high fees we need to pay to them.
The little fishes can do nothing about it, only the big businesses have right of decision here.
Hi everyone, I only registered to increase the pressure on the bitcoin community with this topic.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
- Is there any plan for an important fix of the block size capacity or something that will reduce the fees?
- How do you feel about this?
- What can we do about it?
Even if bitcoin becomes more like gold, it still is very worthwhile in exchanging between alts and gaining value from that.
Quote from: 1Alino
This will only be solved through mining power I think. Many people already discuss this issue here daily so you know.
True. The problem is that it never ends up happening because most big miners have huge self-interests and most small miners don't actually care that much about scaling. The reason I say that is because the share of hashrate hasn't changed very significantly since each pool started signalling for their preferred solution.
The main things that speak are compromises and code, and I don't think some of the people in the discussion are as good at either as they'd like to think.
Hi everyone, I only registered to increase the pressure on the bitcoin community with this topic.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
- Is there any plan for an important fix of the block size capacity or something that will reduce the fees?
- How do you feel about this?
- What can we do about it?
Even if bitcoin becomes more like gold, it still is very worthwhile in exchanging between alts and gaining value from that.
What can we do? Buy cloud mining power in a mining pool that wants what you want.
You can also run nodes and support what you want
Or buy your own mining hardware and mine in a pool that supports what you want.
This will only be solved through mining power I think. Many people already discuss this issue here daily so you know.
Hi everyone, I only registered to increase the pressure on the bitcoin community with this topic.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
Recently I started investing into bitcoin, but nowadays bitcoin seems useless to do small payments or donations, since the transaction fees cost me like 0.003 BTC which is 7.69 eur. (I am not willing to pay such high fees)
If this is not gonna get fixed, bitcoin's growth will be slowed down and less people will be making transactions,
bitcoin will become just an investment commodity and not an everyday currency.
Or eventually the lack of transactions will reduce the value of bitcoin, until 0.003 BTC won't be that much money, which will self-fix the problem. But in that case, many investors will be pissed including me.
I have read about segwit that it could possibly fix this issue and that only ~30% of miners are willing to accept segwit for now.
- Is there any plan for an important fix of the block size capacity or something that will reduce the fees?
- How do you feel about this?
- What can we do about it?
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