Topic: Why bitcoin transaction fee keeps increasing? - page 6. (Read 2500 times)
Now Bitcoin has become much more popular than before, and tens of thousands of people regularly want to transfer it. Blocks are extracted more slowly than those wishing to make a transaction. As a result, from the transactions that are sent by users to the network, but not yet to a block, that is not confirmed, a queue is formed. As a result, commissions can reach undue proportions.
Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.
Please correct me if i am posted in wrong section.
Please correct me if i am posted in wrong section.
Thats because this scam nears to its end soon.
The reason is pure mathematics: there are less and less BTC to be released via mining, therefore there will be nothing to pay the miners with.
2 possibilites:
a) scheme masters try to prolong the scheme, by increasing payments to miners with transaction fees. That wont help in long run, because finally BTC release will drop to ZERO and if they want to include all reward for mining into transaction fee, the service will be ridiculously expensive.
b) scheme has entered second phase, where scheme masters collect money for themselves and miners stay underpaid.
One of the disadvantages of Bitcoin but its gradually reducing now unlike before..
BTC is continuing to increase, momentum grows stronger, research and investment in Bitcoin is relatively common. Bitcoin collectors and traders are growing rapidly.
The fees are pretty low at the moment and i do not think that you need to spend more than half a dollar at the moment, its low
the more people do bitcoin transactions, the more the queue, if there are people who pay his fee is expensive then his fee will be more expensive
probably because more and more bitcoin users and bitcoin prices are rising ... although today bitcoin prices do not please
you know that if the price of bitcoin is too high then the fees are really good but the low bitcoin price is low so the bitcoin is low so bitcoin just put us in for our future so that if the price increases bitcoin price big money you can accumulate
you know that if the price of bitcoin is too high then the fees are really good but the low bitcoin price is low so the bitcoin is low so bitcoin just put us in for our future so that if the price increases bitcoin price big money you can accumulate
maybe they heard a lot of rumors about the price of bitcoin which is getting more and more day down and increasingly unstable
Because bitcoin is increasing also why does bitcoin increase and the fee stay the same? that does not make sense and people want to make money out of their clients too that is also a big problem that the feeses are increasing.
I do not really understand all the subtleties of bitcoin mining, but I think that the commission fee for transactions increases because it's getting harder and harder to get Bitcoin. Mining equipment requires a large expenditure of energy so that production volumes can be maintained.
i am agree with you. you are saying right. More Detail: https://www.bitcoincrowncoin.com/Buytoken.html
I think we all have something in general in fact we all have the same situation, the current price is very fluctuating, which is why you get different fees.
Pumps on bitcoin are way more mad now that's why you get much higher cost over time, and starting today the price is pretty low now and maybe your transaction costs are doing the same thing
Requests for the transaction are processed by the miners, for which they receive a fee in the form of a commission. This amount depends on demand, and the sender himself decides how much he is willing to give as a reward to the miner. The higher the amount the sender sets, the higher the priority of its transaction, and the faster it will be generated. The amount of the commission does not depend on the amount of the transfer. As now expensive equipment is needed for mining, the average size of the commission has increased.
In my opinion, I think it's because of the higher demand of market and more people are into cryptocurrency now.
In my own thinks that coinbase is increase there transaction fee,due to the value of btc in the market is still increasing and every transaction of bitcoin have a counterpart value in terms of changing or trading that's depend on the platform site's you trade.The bitcoins transaction fee does not depend only on the amount you are transferring. It also depends on the congestion at that moment, in other words, the number of transactions happening at a time.
I figure it might be a direct result of the extensive measure of significant worth or this is a result of the distinctive exchange goal factors starting with one market then onto the next, and the sum is very substantial for exchange costs.
Hi guys,i just wanna knows that why the transaction fee for bitcoins is increasing everyday.Some days before i send bitcoin to a trader the fee was 0.0005btc but yesterday i repeat the same transaction same amount then the fee was 0.0006 btc.
Please correct me if i am posted in wrong section.
Please correct me if i am posted in wrong section.
Bitcoin transaction fee now is reduced far from few months ago. i think the transaction fee was high because congested network of bitcoin.
or you can use other coins to transact, convert your bitcoin into altcoin first, and then transfer it.
Because the mathematical problems that miners need to solve get harder and harder over time..
Because the value of 1BTC is quite large for everyone, its transaction fee also increases
These rules are set by large miners. They have huge earnings on such a large commission. I think that in the future these fees will grow.
In any site this fee of your bitcoin transaction keeps increasing ? if you make a bitcoin transaction from coinbase the fee of transaction is 0,00001362 BTC (0,10$) so 0.0006 btc the fee of your transaction for bitcoin is high
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