WTF@BTC transaction fee? - page 3. | Bitcointalksearch.org

davis196

hero member

Activity: 3164

Merit: 937

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.

btc_angela

hero member

Activity: 2660

Merit: 551

Good thing is that the price of bitcoin is still going up. However, if the scaling debate is not going to be resolved soon, most of the investors will like go to altcoins like ETH. Did you see the price of ETH lately? they are like going to the moon. I think people are moving out of bitcoin and trying their hands at different alt coins like ETH/ETH, LTC and Doge and just wait and see what will happen to the scaling debate and where will bitcoin go to in the future.

Amph

legendary

Activity: 3248

Merit: 1070

it's because there is huge competition between people that want their transactions confirmed faster, so they raise their fee and force you to raise your, then another one come and want his/her transaction to confirm even faster than the other and increase the fee even more, you get the point

Quote from: gadman2 on May 03, 2017, 07:52:56 PM

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?

That's up to the miners, not the devs.

probably will return to the wallet with 0 fee, better to use an accelerator if you can, but right now it's beyond limit again

giveen

hero member

Activity: 826

Merit: 1004

This is a really old issue and there is no use of complaining because the bitcoin fees was fixed from the starting and if we want a increase in price we will have to sacrifice other things. I normally use a xapo wallet i have not seen them charging me anything even though it is mentioned in their tos. If you transaction is below 0.01 it takes 24 hours but if it is more than that my transaction got processed in 30 min.

hardtime

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Activity: 490

Merit: 251

Make winning bets on sports with Sportsbet.io!

This is one of the main issues when it comes to bitcoin today, the TX fee is so high that it kinda makes buying things with it not even an option due to it cutting into the price and just making me want to use another method to purchase something. I think this is due to the scaling solution issues that we had in the BTC community and the issues relating to people just trying to out-compete each-other for the higher tx to be able to be confirmed faster.

It's pretty shitty and we're all here praying for something to come fast out of Segwit, well some of us that is.

michkima

hero member

Activity: 896

Merit: 514

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?

Too much bitcoin transactions and there is no actual fuck was given to do something about it yet. People just kept on offering hard forks to the community and no one wants to compromise. For sure we'll all see more of this in the future, so expect higher and higher fees will be paid.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

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

.

This is what Op has to do exactly with the transaction. Now you've got the much better way for setting the fee manually. You could set the minimal fee for the transaction. Probably you'll get it confirmed in a short, only because of the increasedprice the fee looks high as well the transaction amount too is low.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: jonald_fyookball on May 03, 2017, 07:16:53 PM

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?

Core devs decided it would be a brilliant idea to create a fee market and not raise the 1mb blocksize. They are controlled by a profiteering corporation called Blockstream whose unstated goal is to change Bitcoin from a peer to peer cash system into a settlement network, against the wishes of the users.

This is why they want as little on chain scaling as possible. After years of stalling they finally offer segwit which gives meager capacity improvements with a consensus threshold set so high it won't be achieved. Just more stalling while they develop their lightening hub so they can force you off the main chain and pay them fees.

Pretty obvious what the fuck is going on.

Fucking Chinese miners cock-blocking SegWit, that's why we have high fees. Nevermind jonald_fyookshill, blaming Core for everything, because he's paid to Wink

erpbridge

legendary

Activity: 954

Merit: 1000

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

.

Hows that a good thing ? The concern is about rising txn fees with rising price. If it keeps rising, shouldn't the fees actually come down with the rising price ? Otherwise, I don't understand how will the fees be sustained.

HITTI2

hero member

Activity: 563

Merit: 500

Meh, I'll let it set in my wallet for years.

gadman2

legendary

Activity: 978

Merit: 1001

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?

That's up to the miners, not the devs.

HITTI2

hero member

Activity: 563

Merit: 500

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?

gadman2

legendary

Activity: 978

Merit: 1001

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

.

HITTI2

hero member

Activity: 563

Merit: 500

It's fucking insane.

Fucking idiot developers, from what I read above.

erpbridge

legendary

Activity: 954

Merit: 1000

I wonder what will happen if the bitcoin price reaches something like 5000$. So sending 0.001 btc, ie. 5$, then sending 1$ will not be possible as that would mean spending 2.5$ in fees.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

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?

Core devs decided it would be a brilliant idea to create a fee market and not raise the 1mb blocksize. They are controlled by a profiteering corporation called Blockstream whose unstated goal is to change Bitcoin from a peer to peer cash system into a settlement network, against the wishes of the users.

This is why they want as little on chain scaling as possible. After years of stalling they finally offer segwit which gives meager capacity improvements with a consensus threshold set so high it won't be achieved. Just more stalling while they develop their lightening hub so they can force you off the main chain and pay them fees.

Pretty obvious what the fuck is going on.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

The high fee and the recent inclusion of fee in Coinbase actually made me learn how to create and broadcast transaction myself.

As I do not need a super fast transaction confirmation, I actually just include tiny fee and just wait a few hours/a few days. So far all of them get confirmed eventually. Record low fee for me was 0.25sat/byte.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Wow that's a high fee. Wouldn't have been a problem a couple years ago when we were at $420, but now those fees are starting to sting. Still, I've sent more money than that recently and paid much less of a fee, but it took forever to confirm.

This is why bitcoin is impractical as a form of day to day money, and it'll get worse if the price goes higher.

anasis

full member

Activity: 189

Merit: 100

Quote from: xskl0 on May 03, 2017, 03:12:31 PM

Sad. If segwit on Litecoin have success maybe will be aplied on Bitcoin and solve the problem of huge fees.

Do you think that the problem will be solved? I wonder how, if so far, they have tried to turn things around and everyone has remained in their own interests.

xskl0

sr. member

Activity: 378

Merit: 260

Bitcoin SV is Bitcoin

Quote

https://blockchain.info/unconfirmed-transactions

A lot of european flags in this map, looks like Bitcoin is more popular now in Europe.

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