Why the transaction price of bitcoin so high?
Actually the cost transaction in BTC has not changed (unless the BTC transaction is over loaded, many people use a larger cost so that transactions can be quickly processed) and BTC price increase makes a high fee when compared to the BTC = USD value.
while for mining, increased difficulties that make mining revenues lower
Topic: Why the transaction price of bitcoin so high? - page 3. (Read 1883 times)
Blockchain fees depend on several factors including network congestion, transaction confirmation times (influenced by liquidity providers) and Blockchain sizes (as measured in kilobytes) affected when converting Bitcoin from multiple earnings entries such as earnings or other micro transactions). In other words, you may have to pay a higher blockchain fee if: the Bitcoin network is busy or dense at the moment. Typically, costs will increase as long as the fluctuations of the value of Bitcoin and the world's major events are sudden; Your Bitcoin wallet has a micro deposit history (such as referral bonus). If your wallet has a large number of small deposits, your transaction size will become larger because it consists of many inputs.
Because many are interested in bitcoin then the price is also soaring, If the current network remains as now, then we can only see the increase in bitcoin transaction costs. All journeys need to make transactions to get the intended travel permit.
I don't think so the price is high.I think you are new to bitcoin.
Current bitcoin transaction costs are very reasonable. With Segwitx2 activation, the transaction will be faster with this very low cost.
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
Bitcoin price has increased nowadays as well as transactions have increased in number.But the block size remained the same size as 1 MB.As a result,huge number of transactions started to get stuck and miners started to give priority to only those transactions with high fee.By this way,the transaction fee increasd.But now,due to activation of segwit,it has been almost solved. 
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
You can change the transaction fees on some wallets just means that it will take longer for confirmations to happen. You can easily make the transaction fee lower via some wallets such as electrum.
If transaction fees were lower the miners would have no more incentive to mine, especially with power being expensive now, all of the miners will be Chinese or Indian since electricity is cheap in those places.
The only 2 rewards miner receive are block and miner fees. Block rewards will slowly decrease so thats why we need these transaction fees.
because they are not high at all.
you have either never made a bitcoin transaction in last month or anytime before 2017 or you are using a horrible bitcoin wallet that is giving you bad advice for bitcoin fees.
currently you can make a transaction with lowest fee possible (some even reported 1 satoshi/byte) and get it confirmed in next block.
#EmptyMempool
I do agree with the post above. There are alot of transaction where it is low. It depends on the miners fee and your wallet. I always came back on sending more bitcoin from my wallet to the exchange whenever the fee is low and stop when the fee is high. you have either never made a bitcoin transaction in last month or anytime before 2017 or you are using a horrible bitcoin wallet that is giving you bad advice for bitcoin fees.
currently you can make a transaction with lowest fee possible (some even reported 1 satoshi/byte) and get it confirmed in next block.
#EmptyMempool
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
In the past half year, the transaction price of bitcoin has risen sharply, many have complained and are unhappy with this and me too. But high transaction prices also have their own reasons. At present, Bitcoin is also popular, more people know about Bitcoin and use it, so the demand for Bitcoin transaction is so high that the system and transaction processing network are slow so the transaction fee must be rise high. So there is a split event on August 1 past. Hopefully this will be improved better.
In my opinion reasonable
Karana every time we get bitcoin and make it the original currency how much we can and how much capital we spend, so do not complain too much with the circumstances that the cost of transaction is not how much and imagine how much you get the value of bitcoin.
As long as yaman service and easy I think reasonable so let's think wisely ...
Karana every time we get bitcoin and make it the original currency how much we can and how much capital we spend, so do not complain too much with the circumstances that the cost of transaction is not how much and imagine how much you get the value of bitcoin.
As long as yaman service and easy I think reasonable so let's think wisely ...
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
I think bitcoin transaction fee gets higher because it also gets along with bitcoin's price valuw which we can already see that is much larger compared to the usual one when it was newly established. It also rises for the sake of the payment that are used to pay miners for their service on processing the transaction request. It is quite unfair to their part if bitcoin has already increase its price value but they still not experiencing its progress. So better do big transactions so that the transaction fee you will pay is appropriate to the transaction you will do. on implementation of Segwit, it will be low transaction fees, faster transfer and more movement in bitcoin.
Yes you are right the implementation of segwit the bitcoin transaction fees will goes to very low due o this many people attract to the bitcoin, and also now the transfer of bitcoin is very slow and l am also sure the transfer of bitcoin will be very fast after the segwit activation. 
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
High bitcoin prices are due to increased demand for bitcoin in the community while the amount of bitcoin in the circulation is limited. In addition, bitcoin prices also increase along with the high specification for mined bitcoins. How long will they take depends on the specification of the device used.
on implementation of Segwit, it will be low transaction fees, faster transfer and more movement in bitcoin.
Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?
I also experienced confusion in the issue of bitcoin transactions, we were forbidden to transact using a large fee because it will slow the transaction, but why now in the transaction must be with a large fee new transactions we can transport
I think fees is reasonable as of this moment. Also with the activation of Segwitx2, we expect that the transaction is faster and with having low fees. We have yet to witness after August 1 maybe or are they started already?
yes I am strongly agree with you that the transaction of the bitcoin is very fair and reasonable I don’t think so that bitcoin is taking and charging high transaction fees if we look at the price of the bitcoin as it is increasing very rapidly and it is very famous and relax currency as compare to the other fiat currencies so I think the transaction fees is normal. I recently listed 0,07 bitcoin and paid for the translation 0,0009 bitcoin. I do not know is expensive or not. It seems to me that it is not too much, but if I transferred a smaller amount then the transfer fee would be the same, and this is a problem for those who want to shop in web stores.
Many wallets and services offer very narrow fee size options, so you could be actually overpaying fees if the load on Bitcoins network is low. This is usually done to protect users from using low fees that would make their transactions stuck or even rejected. Try to always check https://bitcoinfees.21.co/ to chose the most optimal fees when you send a transaction. This site shows fees in satoshi/byte, so you need to know the number of inputs and outputs of your transaction, and then use the formula (in*180 + out*34 + 10) to get your size in bytes.
I use for my coins Xapo. Today I sent payment. Chose a low priority to save money. The price was a little lower than 0.001 bitcoin and the transaction confirmation came after 4 minutes. Why then choose a high priority?
I don't think the transaction price fee right now is high at all, it is actually the right amount compared to its price a couple months ago. I'm not sure with the exchange site you are in but on our countrys' exchange site the transaction has an option to choose low, medium and high. Low for exchanges with low miners fee and takes around 4 hrs max to withdraw your money, medium for around an hour and high would be the highest with a much faster transaction rate and would withdraw almost right then and there but would cost around 0.001 miners fee.
For me it is so high because the Bitcoin Cash, Bitcoin Unlimited, Bitcoin XT, Bitcoin Classic cartel is spamming the network in order to enforce their proposals, which are mainly destroying Core and increasing the blocksize limit.
No one is spamming the network. This was the case 2-3 months ago but after NYA it stopped.This is the amount of unconfirmed transactions in the last 60 days:
Right now OP is wrong. Network congestion is low and the fees are perfectly normal. You can choose to pay a lower fee and your transaction will still be confirmed, which was not the case 2 months ago.
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