WTF@BTC transaction fee? - page 2. | Bitcointalksearch.org

Xester

hero member

Activity: 994

Merit: 544

Quote from: HITTI2 on May 03, 2017, 03:08:17 PM

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction? Huh

??

Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

You are not the only one who is disappointed about the unreasonable increase in the miner fees. Compared to before the fees have increased ten times compared to before and it is really discouraging. The problem lies on the spam attacks on the blockchain that caused the miners to charge the bitcoin users a high transaction fee per transaction. There is nothing we can do but to oblige.

Seansky

hero member

Activity: 560

Merit: 500

Quote from: ajaxmoor on May 08, 2017, 07:44:09 PM

Like others pointed out Coinbase has started charging a fees and they are charging a really high price. I personally use the old version of multibit, and using that I am able to set the fees to a lower value .I do get it confirmed in a few hours usually by just adding 0.00019 btc of fees. You should probably do the same thing for your future transactions.

For me I just pay the regular fee and it still gets confirmed although it takes long most of the time and right now the traffic is congested so I'd rather wait for hours than pay additional fees it would still go through anyway. If you want lower transaction fee I guess you can use some web wallets that allows transfers with lesser fees like coins.ph in the Philippines and blockchain web wallet.

ajaxmoor

legendary

Activity: 1372

Merit: 1000

Like others pointed out Coinbase has started charging a fees and they are charging a really high price. I personally use the old version of multibit, and using that I am able to set the fees to a lower value .I do get it confirmed in a few hours usually by just adding 0.00019 btc of fees. You should probably do the same thing for your future transactions.

Marma Kalari

sr. member

Activity: 546

Merit: 250

kittiefight.io Combat MMO Lending Jackpots

Quote from: ?? on ??

Quote from: Marma Kalari on May 08, 2017, 04:31:49 PM

Quote from: HITTI2 on May 08, 2017, 03:25:17 PM

So, I tried sending to an exchange. Sent on the 5th. Still unconfirmed. Used lowest txfee. https://blockchain.info/address/14XknsfpDYGV4pusK7b8bsixDQER4PZok9

The chances are you wont get that transaction confirmed and if you are lucky they might reject that transaction because with a 1 sat/B it wont reach anyone,for a standard transaction to get through with the current congestion you need to include 60 sat/B .I know it is frustrating but the fact is bitcoin cannot be used for smaller transactions with the network situation we are in.

Oboy, I lost a few bucks in BTC. Wow. goddamnit.

If the transaction is rejected by the node then you might get back the coin,so do not worry about that,but it might take a very long time up to a month to get back those coins,it all depends upon your luck,when i started bitcoin what attracted me is that we could send smaller transaction as well as large transactions with a small fees,but things have changed quickly.

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: HITTI2 on May 03, 2017, 03:08:17 PM

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction? Huh

??

Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

Guy you just have to take a chill pill because it's not only affecting you but everyone who has done one transaction or the other in the past few days. The people I even pity most are the campaign managers that send bit transactions of bitcoin and the painful part is that, there is nothing I think we can do about it and the only justification I use to console mystic is that ' after all the price of bitcoin has increased so, I should also pay more' aside that nothing else makes sense in this era of increasing prices.

Marma Kalari

sr. member

Activity: 546

Merit: 250

kittiefight.io Combat MMO Lending Jackpots

Quote from: HITTI2 on May 08, 2017, 03:25:17 PM

So, I tried sending to an exchange. Sent on the 5th. Still unconfirmed. Used lowest txfee. https://blockchain.info/address/14XknsfpDYGV4pusK7b8bsixDQER4PZok9

The chances are you wont get that transaction confirmed and if you are lucky they might reject that transaction because with a 1 sat/B it wont reach anyone,for a standard transaction to get through with the current congestion you need to include 60 sat/B .I know it is frustrating but the fact is bitcoin cannot be used for smaller transactions with the network situation we are in.

HITTI2

hero member

Activity: 563

Merit: 500

So, I tried sending to an exchange. Sent on the 5th. Still unconfirmed. Used lowest txfee. https://blockchain.info/address/14XknsfpDYGV4pusK7b8bsixDQER4PZok9

Code:

Status: 0/unconfirmed, in memory pool
Date: 5/5/2017 18:51
To: 14XknsfpDYGV4pusK7b8bsixDQER4PZok9
Debit: -0.00183784 BTC
Transaction fee: -0.00000224 BTC
Net amount: -0.00184008 BTC
Transaction ID: cc9987a984099cab2201bc0cef404f4dab33d22d46b15f3849ba2072ec646abe
Transaction total size: 224 bytes
Output index: 0

webtricks

legendary

Activity: 1918

Merit: 1728

We can't help to it.
Earlier Micro-wallets, then web wallets and now micro payments. Fees is killing everything. Very soon we gonna see that we will be incapable to remit even $5 with bitcoin!!
Bitcoin would be better tag then as, "Currency of Riches !!"

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: gadman2 on May 03, 2017, 07:50:53 PM

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory

.

Wouldn't it just get dropped from the network after a really long waiting time?
I would just wait until the amount of unconforimed transactions is lower, I know it's not ideal but it's probably faster than sending with zero fees :p

bamboylee

hero member

Activity: 1148

Merit: 504

You cannot make micro transactions anymore because of the high fees. It is better if you transfer higher amount to maximize the fees.

Quote from: Maheshkumar_Hrangkhawl on May 04, 2017, 09:42:34 AM

Just a few minutes back, I paid BTC0.0004 to move my BTC0.06 to one of the exchange sites. That amounts to less than one USD, and the transaction got confirmed in around 15 minutes. Nothing wrong with the transaction fee. I felt that it was the right amount.

It is possible that your transaction contains only one input so the size is small. That can still have a high sats per byte fee.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

Be patient, if you want to receive the money you have just sent, pay the fee, not the free.

mining1

hero member

Activity: 532

Merit: 500

I assume it depends on how clogged the network is. Currently there are 50.000 unconfirmed transactions https://blockchain.info/unconfirmed-transactions
This is really sad. Just out of curiosity, bitcoin's transaction capacity is about the same after 8 years right ? They should ask other dev teams for help and implement dynamic block size.

Maheshkumar_Hrangkhawl

sr. member

Activity: 600

Merit: 256

Just a few minutes back, I paid BTC0.0004 to move my BTC0.06 to one of the exchange sites. That amounts to less than one USD, and the transaction got confirmed in around 15 minutes. Nothing wrong with the transaction fee. I felt that it was the right amount.

HITTI2

hero member

Activity: 563

Merit: 500

Quote from: stompix on May 04, 2017, 09:23:48 AM

Quote from: HITTI2 on May 03, 2017, 07:51:48 PM

Quote from: gadman2 on May 03, 2017, 07:50:53 PM

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory

.

And wait for how long?

Probably 72 hours until your transaction will be dropped from the pool.

.

You said :

Quote

I wanted/went to go transfer 0.00184008BTC to buy burstcoin

How much did you pay in txfee?

I didn't. I left the btc in my wallet.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: HITTI2 on May 03, 2017, 07:51:48 PM

Quote from: gadman2 on May 03, 2017, 07:50:53 PM

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory

.

And wait for how long?

Probably 72 hours until your transaction will be dropped from the pool.

.

You said :

Quote

I wanted/went to go transfer 0.00184008BTC to buy burstcoin

How much did you pay in txfee?

HITTI2

hero member

Activity: 563

Merit: 500

Quote from: davis196 on May 04, 2017, 12:47:18 AM

Quote from: HITTI2 on May 03, 2017, 03:08:17 PM

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction? Huh

??

Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

I wish there was a way to make zero-fee and instant transactions with bitcoins.
I quess that was back in the time ,when bitcoin price was only a few USD.
Why do you wanna buy birstcoin?I`ve never heard about this alt.

Well, I went to a faucet and got three burstcoin. You need a few to start mining burstcoin. Also I had some troubles last night mining burstcoin and I wasted 3 burstcoins trying to fix the problem, well a good gentleman helped me out by sending me 10 burstcoin and getting me up and mining.

@ theses forums https://www.burstnation.com/wbb/

Burstcoin mining is mining from your hard drive at an efficient electric costs. What ever how much power it takes to power a hdd.

But anyways I am burstcoin mining and nicehash mining.

dwieyani

full member

Activity: 252

Merit: 100

What to do if the cost is always high like a fuck and maybe a month-long prayer?

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: HITTI2 on May 03, 2017, 03:08:17 PM

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction? Huh

??

Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

I think it is normal for bitcoin to charge very high fees on transactions because bitcoin world is getting bigger and bigger and a lot of people are embracing bitcoin as another type of cryptocurrencies and it just stressed the networks and the network cannot sustain it self so its charging a bigger fees for the miners to get more miners involved in the network and make the transaction faster.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: HITTI2 on May 03, 2017, 07:49:57 PM

It's fucking insane.

Fucking idiot developers, from what I read above.

Do not believe everything you read, jonald_fyookball in all probability is a paid shill for BU and will do anything to discredit the current developers. ^grrrrrrr^

The story behind the story is that the Blockchain is spammed by some unknown entity and this is pushing up the fees. Yes, if the Block size were bigger this might have less of an impact, but with bigger blocks we will never scale to the level that is needed to accommodate large mainstream adoption.

The Core developers have seen this and they are trying to get SegWit and LN accepted to address these problems. BU is doing their best to stop them. ^hmf^

BTCforJoe

hero member

Activity: 882

Merit: 976

I currently have 2 transactions that have been unconfirmed for the past several hours. Is there any way to check the size before setting a fee? I'm using Blockchain's wallet, and have set my fees for the last couple transactions to what they've recommended. So anyone know how to check the size before a transaction is actually initiated?

Topic: WTF@BTC transaction fee? - page 2. (Read 3245 times)