What's up with the high fees!? - page 2.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: ragi on July 15, 2015, 04:43:06 PM

Quote from: Meuh6879 on July 15, 2015, 04:39:58 PM

Kraken is already (and from a long time ago) at 0,0005
VirVox is at 0,005 BTC.

Deal with It.
Exchange works.
Business.

What is the price of your plastic credit card, bro ?

Year 2017. Fee is now 1btc, because miners orchestrated stress/spam test n. 88894. Deal with it.

Thank you for this. People need to see the whole picture not just that "its ok for now".

ragi

hero member

Activity: 686

Merit: 500

Quote from: Meuh6879 on July 15, 2015, 04:39:58 PM

Kraken is already (and from a long time ago) at 0,0005
VirVox is at 0,005 BTC.

Deal with It.
Exchange works.
Business.

What is the price of your plastic credit card, bro ?

Year 2017. Fee is now 1btc, because miners orchestrated stress/spam test n. 88894. Deal with it.

Meuh6879

legendary

Activity: 1512

Merit: 1011

Kraken is already (and from a long time ago) at 0,0005
VirVox is at 0,005 BTC.

Deal with It.
Exchange works.
Business.

What is the price of your plastic credit card, bro ?

ragi

hero member

Activity: 686

Merit: 500

I also got jacked with high fee for a small withdrawal i was making. Fkin tests...

Terabot

newbie

Activity: 9

Merit: 0

Quote from: Aggressor66 on July 15, 2015, 01:51:55 PM

With so many spam transactions occurring, the standard transaction fee is not sufficient to ensure quick confirmations.

This is a good answer to the question.

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: RodeoX on July 15, 2015, 01:58:48 PM

No free lunch. Few seem to want to listen to Gavin's warning about block size. So if blocks can only include some transactions then you are going to have to pay to be one of those included transactions.

Aye, it would appear Gavin's idea is a solid one I just fear the interwebz backbone won't be able to keep up to what is required.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

i only paid 0.0001 in the last hours and there was no problem with my transaction.

(spam-test is over)

--

we should and will increase the blocksize next year. i have no doubt about that.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

No free lunch. Few seem to want to listen to Gavin's warning about block size. So if blocks can only include some transactions then you are going to have to pay to be one of those included transactions.

shorena

copper member

Activity: 1498

Merit: 1499

No I dont escrow anymore.

Quote from: BTCBinary on July 15, 2015, 01:40:39 PM

-snip-
What's up with the network? hasn't it been fixed?

The network is fine, its just the users that cant handle the change in terms of fees or waiting time.

Quote from: BTCBinary on July 15, 2015, 01:40:39 PM

Once mining is over, miners will only get the fees. One of the main reasons putting bitcoin ahead of Banks is transactions costs.
So, assuming that once mining is over the fess will be way higher, won't this be the same as Banks?

Once mining is over bitcoin is dead as no more confirmations will happen. You are probably talking about the reward for finding a block. There are two common ways to think about bitcoin in the future. One is "pay higher fee, we dont need bigger blocks" and the other is "bigger blocks will mean that many TX with low fees can keep mining profitable". IMHO the majority is probably in the 2nd camp and increase in blocksize is just a matter of time (think weeks or months not days).

Aggressor66

hero member

Activity: 728

Merit: 501

With so many spam transactions occurring, the standard transaction fee is not sufficient to ensure quick confirmations.

Dajve

member

Activity: 69

Merit: 10

The network is getting overloaded with spam and people 'stress testing' it apparently, hence why higher fees are being used to speed up transactions. I think it shows we need the bigger blocks.

unamis76

legendary

Activity: 1512

Merit: 1009

Higher fees will serve poloniex's clients better, by speeding withdrawals, and will probably generate them a little bit more revenue, maybe.

I highly doubt fees will ever be as high as banks... But only time will tell, I obviously can't predict the future Grin

7bestone7

full member

Activity: 182

Merit: 100

★YoBit.Net★ 200+ Coins Exchange & Dice

i think it will depend on difficulty whether we need high fees or not as if the difficulty be lower we will need lower fees though its just my opinion

BTCBinary

hero member

Activity: 504

Merit: 500

What's up with the high fees!?

Many companies are lifting their withdraw fees;
From what I have seen Poloniex raised their fees...

"In order to help withdrawals get processed quickly by the network, the BTC withdrawal fee has been raised from 0.0001 to 0.0005."

What's up with the network? hasn't it been fixed?

Once mining is over, miners will only get the fees. One of the main reasons putting bitcoin ahead of Banks is transactions costs.
So, assuming that once mining is over the fess will be way higher, won't this be the same as Banks?

Topic: What's up with the high fees!? - page 2. (Read 1378 times)