Topic: small fee makes transactions faster - page 5. (Read 5095 times)
If the fees is low for sure your transaction is slow . Because I think it depends on the fees the confirmation. If you set high fees for sure the transaction will be confimed in less than one hour. It depends also I think in high priority or low priority in you transaction.
some times some miners could validate your transaction even with lower fee, just to round up his earning from transaction, if he had a few that day but that is luck
normally the higher you put the fee the higher the chance to confirm, and this is the reason why the fee is so high, the users are deciding the size of the transaction not the miners
normally the higher you put the fee the higher the chance to confirm, and this is the reason why the fee is so high, the users are deciding the size of the transaction not the miners
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.What is your opinion with bitcoin transfer with a large fee?
It's not about the money we pay to confirm the transactions, it's about the popularity and value of Bitcoin. People came to Bitcoin universe because it has faster transactions, very low fees and anonymity.
Everyone know here that fees are very much essential in keeping the whole system stable but paying higher fees for faster transactions is like bribing someone, we need to find a solution for that.
The validity of a transaction depends on several previous relevant transactions i.e
verification of previous transactions are needed in order to confirm the validity of the current transaction.Each sum of money that you have in your account is composed of several transactions through which you recieved those money.Larger sum means more number of transactions involved that means more number of transactions need to be verified.
verification of previous transactions are needed in order to confirm the validity of the current transaction.Each sum of money that you have in your account is composed of several transactions through which you recieved those money.Larger sum means more number of transactions involved that means more number of transactions need to be verified.
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that. What is your opinion with bitcoin transfer with a large fee?
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
In my ideas about it, If you pay higher fee in your transaction there is a big chance for you to be confirm in a fastest way, but sometimes even you pay higher it is still unconfirmed for an hour. But it is really worst if you pay low fee's. you will wait for a long hours sometimes it takes 2 days before it confirm. What is your opinion with bitcoin transfer with a large fee?
OP need to know how miners work. OP thought that if you put high fees it will also occupy large spot on the block so fewer transactions per block will be processed. At least that is what I understand from his responses,
Small fees will never make transactions faster and you may have to wait even 1 or 2 days for your transaction to get confirmed and if you want faster confirmation then add higher fees and your transaction will get confirmed in around 30 minutes.
That's right, if you want faster transactions you have to pay higher fees. I don't care about how transaction fast is, to me it's ok to wait hours or a whole day. So, I prefer to pay as low fees as possible with waiting so long. With the growing of Bitcoin's popularity, increasing the workload of its blockchain. This entails serious consequences for the price of bitcoin payments. The fees are also increasing.
What serious consequences for the price of bitcoin are you speaking of? You said a whole bunch of nothing.
With the growing of Bitcoin's popularity, increasing the workload of its blockchain. This entails serious consequences for the price of bitcoin payments. The fees are also increasing.
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
I have read some article stating that higher transfer and mining fee makes a transacton confirmed faster than transaction that has a low transfer fees.But i dont know if that was real.Me myself i am experiencing faster transactions when i sent a larger fees. What is your opinion with bitcoin transfer with a large fee?
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
One time,i sent btc from my wallet with 0.0003 btc as fees and it took around five days for my transaction to be confirmed.So,higher the fees,faster the transaction.It depends on the situations of urgency whether to select high fees or low fees. What is your opinion with bitcoin transfer with a large fee?
What are you talking about? if you use small fee then your transaction will be confirmed later. People pay high fee when they want the transaction to be confirmed quickly. If you're not in a hurry, then just put small fee and it will be fine.
It was in the past when you can easily transfer bitcoins faster even with small amount of fees but now things have changed and if you want to make it quick then you need to add higher fees or else it will be an time consuming process.
why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?
What is your opinion with bitcoin transfer with a large fee?
What is your opinion with bitcoin transfer with a large fee?
not to increase the fee it will only burden the block in transporting transaction for a fee greater then the amount of the transaction size is also large, which should be with a small fee each block that could bring the 2000 transaction, but because of the number of fee-large will reduce the number of people who will carry out the transaction / uncofirmed
Use google translator or just discuss this in your local board, your english is unreadable don't know why people are just guessing what OP is asking and replying.
Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.
I think the words just got jumbled but that is what he meant.
Depends on him if he really wants the fastest transaction ever.
Look every wallet websites are now changing their settings too by making options for users if they want lower fees or not.
We just have to deal with that for now to not prolong the problem that have been occurring with the miners.
You can always pick into what you prefer.
Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.
If you are not in a hurry then there is no problem taking the lowest fee you would want.
But most of us here want it faster to about getting worried to what might happened to our coins specially when you are sending a great amount of it.
I think the campaigns who pay a lot of people are the one who are paying lower fees for now. To save their money of course for paying another week or month of the campaign.
But most of us here want it faster to about getting worried to what might happened to our coins specially when you are sending a great amount of it.
I think the campaigns who pay a lot of people are the one who are paying lower fees for now. To save their money of course for paying another week or month of the campaign.
Now i don't even care for fees. The reason i use coinbase as my wallet and they never took fees in past and normally when i sent bitcoins it was sent within 40 minutes. Now they introduced 0.5$ fees and they told it is being charged for faster transactions. And now just to get 1 confirmation it takes an hour even after paying the fees. Conclusion the more fees you pay it takes more time.
If you are not in a hurry or not chasing to buy coins to trade that you can wait for hours its fine to just set a low fee. TO me it doesn't matter too if all I want is just to store my btc to a wallet I have. If it could take a day unformed its fine to me. But if I'm paying to someone who have no patience and will soon start a thread about me scamming him if btc isn't on his wallet, thats another story.
BTC should really be fast as usual but if its not going to be that way later, its not going to be good for us all. Altcoins are there ready to serve though.
BTC should really be fast as usual but if its not going to be that way later, its not going to be good for us all. Altcoins are there ready to serve though.
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