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Topic: Why are my sending fees so high? - page 4. (Read 1523 times)

legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
November 12, 2017, 03:56:10 AM
#3
summary of what happened:
- August 1st BCH was created to attack bitcoin, they implemented EDA or difficulty manipulation
- SegWit2x was suspended
- BCH pumpers used this to FUD bitcoin and pump BCH
- higher price of BCH + lower manipulated difficulty => incentive for miners to switch
- sudden lower hashrate on bitcoin + no difficulty manipulation => temporary harder to find blocks
- lower number of blocks found => bigger mempool => higher fees.

all will be fine soon
- difficulty adjustments will start + the BCH pump will end => incentive to mine BCH is removed
sr. member
Activity: 490
Merit: 258
November 12, 2017, 03:44:00 AM
#2
I have a little bit of bitcoins on the online blockchain wallet and noticed the sending fees is 14$ no matter how much I am sending and seems to be rising everyday... what happens if I decide to customize the fee and put it at 10 sat/b for example?

How long would that take it to transfer?
Geeez, at least I am not alone. Yeah my transaction earlier had took forever and it costed me so much. I guess the majority of the miners are mining the wrong coin that's why only a few were processing your requests. My 0.5 BTC transfer took forever earlier, thank goodness I was able to cash it out before leaving my house.
newbie
Activity: 100
Merit: 0
November 12, 2017, 03:33:38 AM
#1
I have a little bit of bitcoins on the online blockchain wallet and noticed the sending fees is 14$ no matter how much I am sending and seems to be rising everyday... what happens if I decide to customize the fee and put it at 10 sat/b for example?

How long would that take it to transfer?
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