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Bitcoin => Bitcoin Discussion => Topic started by: KeyGenKing on June 13, 2017, 09:28:24 AM



Title: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 09:28:24 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Ost on June 13, 2017, 09:33:08 AM
If you're not in a hurry, you could simply choose a lower fee.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: NeuroticFish on June 13, 2017, 09:34:57 AM
I don't know how many inputs you have and that's the number of satoshi/byte intended to pay as tx fee, but if your transaction doesn't have many inputs (faucets) you can do better with a proper local wallet.
So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: kabit9 on June 13, 2017, 09:43:18 AM
use the mouse and click on 'Customize Fee' and see what your options are...


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: laplacepaltry on June 13, 2017, 09:47:32 AM
Maybe click "customize fee" or just dont use bitcoin for this


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 09:55:19 AM
If you're not in a hurry, you could simply choose a lower fee.

I am not in a hurry for a payment.
I did not make the payment yet. I Refuse to pay this kind of fee.

I don't know how many inputs you have and that's the number of satoshi/byte intended to pay as tx fee, but if your transaction doesn't have many inputs (faucets) you can do better with a proper local wallet.
So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.

Haven't paid yet, i don't know how many in or outputs it will have.
They should destroy those faucets site, they are killing the Bitcoin.



Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 13, 2017, 09:57:36 AM
Step 1) Don't educate yourself.
Step 2) Start using Bitcoin.
Step 3) Encounter a normal thing which is seemingly surprising for you because of Step 1).
Step 4) Rant on Bitcointalk and other places and blame Bitcoin for your own short comings.
Step 5) ???

Education time:
1) Any kind of decentralized cryptocurrency is extremely inefficient. Meaning, this isn't a problem inherent to Bitcoin.
2) The fees are determined by: a) Block space scarcity. b) Block space demand. As we all should know, Bitcoin provides around 144 MB of block space per day. For this example, let's label block space as A and block demand as B. There are two (three) cases:
2.1) A > B = fees are going down.
2.2) A < B = fees are going up.
2.3) A ~= B = fees are stable and we have reached an equilibrium (I've yet to see this happen in practice).
3) You may be wondering at this point that determines the fee that you have to pay. So, building upon point 2, there is a thing called recommended fee-rate1 and is usually denominated in satoshis/byte or satoshis/kB. At this time, the recommend fee-rate for fast inclusion is 390 satoshis/byte This means that a median transaction (1 input and 2 outputs) requires ~88k Satoshis (~0.8$).
4) The recommended fee-rate is a direct result of the fee market. If I, as an individual, want to take up 90% of the block space and want to pay a fee up to 1000 satoshis/byte, you can't stop me. This is the nature of the system.

What can you do?
1) Do not use web wallets or any kind of wallets that limit your fee settings. Use Electrum2 if you need a light wallet, or Bitcoin Core3 (recommended) if you need a full wallet.
2) Consolidate UTXO (outputs) during times when there is almost no congestion. As an example: Transactions with 0-50 satoshis/byte were processing pretty quickly the past weekend.
3) Pay less and wait more. The amount you pay (which you can pick in the wallets that I've recommended) in combination with the fee-rate tiers (see superscript 1) determines how long you will wait for a confirmation (estimate).
4) Support Segwit4 and tell your local miners to do so.

Sources:
1: https://bitcoinfees.21.co/
2: https://electrum.org/#home
3: https://bitcoin.org/en/download
4: https://www.cryptocompare.com/coins/guides/what-is-segwit/
4.1: https://bitcoincore.org/en/2016/01/26/segwit-benefits/


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: BitcoinHodler on June 13, 2017, 10:09:05 AM
you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.

and your transaction size is going to be a little less than 2 kB and with the crappy blockchain.info fee suggestion of 100-140 satoshi per byte you have to pay ~0.002917BTC for that size.

next time ask those who are paying you small amounts to combine all your payments and pay you once in a bigger transaction.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: klaaas on June 13, 2017, 10:18:27 AM
Fine post Lauda.


Quote
Why the hell do i have to pay that mutch?
Check the wiki (https://en.bitcoin.it/wiki/Transaction_fees) and there you will find some answers.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: ralle14 on June 13, 2017, 10:23:11 AM
you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.
How did you know that OP has 11 unspent transaction outputs in his wallet?

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Try waiting for the correct time where the network isn't that much busy. Yesterday I sent a $50 transaction with a fee of $0.41 and it got confirmed within an hour.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: BitcoinHodler on June 13, 2017, 10:30:34 AM
you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.
How did you know that OP has 11 unspent transaction outputs in his wallet?

it is mostly a guess but from the address he posted to get paid in on bitcointalk on May 16, 2017
i did some calculations and everything checks out, the fee, the fee/byte that is suggested usually and his total number of UTXOs
#bitcoinIsNotAnonymous 8)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: amacl1n on June 13, 2017, 10:33:32 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

The fees is voluntary and it's not the network error, it's the miner that are getting excessively greedy, before if the network is not crowded the standard fees could pass but now it's 100s/b at all times, even when there are few tx's pending.

I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: ktabb on June 13, 2017, 10:34:38 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Is that coinbase? I know their transaction fees are stupidly insane


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: pearlmen on June 13, 2017, 10:39:50 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Although, the fee has been high in recent times but its not supposed to be this crazy but there could be several reasons for this as other have rightly suggested which I am going to tend towards the fact the amount you are intending to send is cumulation from several addresses with micro balances as this could be the reason for this high fees.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 10:40:54 AM
you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.
How did you know that OP has 11 unspent transaction outputs in his wallet?

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Try waiting for the correct time where the network isn't that much busy. Yesterday I sent a $50 transaction with a fee of $0.41 and it got confirmed within an hour.

Dunno, but https://blockchain.info/unspent?active=1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ&format=html
It's 11 but i don't see any reasson why is should pay $8 for a transaction.

This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Is that coinbase? I know their transaction fees are stupidly insane

No it's blockchain.info!


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: jorneyflair on June 13, 2017, 10:50:48 AM
you currently have 11 unspent transaction outputs in your wallet that you are trying to spend. some of these outputs are as small as 0.00037403BTC.
How did you know that OP has 11 unspent transaction outputs in his wallet?

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
Try waiting for the correct time where the network isn't that much busy. Yesterday I sent a $50 transaction with a fee of $0.41 and it got confirmed within an hour.

Dunno, but https://blockchain.info/unspent?active=1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ&format=html
It's 11 but i don't see any reasson why is should pay $8 for a transaction.

This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Is that coinbase? I know their transaction fees are stupidly insane

No it's blockchain.info!

It's just blockchain congestion mate. It's how things are at the moment.

If you don't feel confortable with paying a $8 fee - don't. Pay a smaller fee and use the Antpool or Viabtc transaction acceleration services which are both free to accelerate your transaction. But this comes with risks, your transaction may never confirm if the transaction accelerators don't work, or you might have to pay more in future to get the same transaction confirmed.

It's fairly standard for each input to cost around 0.001 BTC these days. You must have been away for a long long time because this is barely news by now.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Mercuriel on June 13, 2017, 10:51:59 AM
I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...

That's why you can change the fees but be carefull because smaller fees will greatly increase the transaction time.
In my case, when i putted 0.0005 BTC as fee, my transaction took nearly 3 days ! with 0.001 BTC it took a few hours.

It's a matter of balance between your imperatives, patience and the money you are ready to waste in exchange of time.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: chek2fire on June 13, 2017, 10:52:32 AM
miners and Jihan Wu is going on... :P


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: BossMacko on June 13, 2017, 10:55:12 AM
Welcome to the new Bitcoin world bro. I deposited 0.03 Bitcoin earlier in nitrogensports using my coins.ph i had to choose from 3 transaction from low, medium and high priority, i chose low priority and it cost me 0.001 Bitcoin, medium priority will cost 0.003 Bitcoin and high priority cost 0.009Btc. I chose the low priority because the site only needs 1 confirmation before my deposit reflects to my account.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 11:04:59 AM
Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Point is, if this is how the blockchain will handle my transactions with this kind of fee i am out.
Even with many outputs i haven't paid this kind of fee, never! Made around 255 transactions.
I am not stupid, i am shocked about this high fee.
And if this kind of fee will be normal to pay i am out of Bitcoin.

There many others coins with better rates.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Thal on June 13, 2017, 11:14:59 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

You can change the amount of fees, If this isn't suits you, Just choose another crypto,  me i'm still fine with bitcoin. :)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: LBX on June 13, 2017, 11:15:23 AM
really!!!!!

I'm always i used 0.001 fee & I have not  i had any problems or delay ( for big number)
0.0005 fee ( for Small number) Sometimes it is late for hours


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: bit-tard on June 13, 2017, 11:16:29 AM
The fees now are expensive, Agree to that. but these fees are not the normal unless there are complicated circumstances to that payment,
for a 222 byte payment to 1 party the fees is at max 0.0005 which is around $1.25 BTC, it's not cheap and it should be cents in maximum, but it's not as huge as 8 dollars.
also the issue is the fees would be the same for a 73 dollars or a million dollar TX, as soon as the number of addresses sending/receiving is the same.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 13, 2017, 11:17:50 AM
I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.
Read other posts before writing garbage. 2 MB does not solve anything and mETH will have the same if not worse problems.

Is that coinbase? I know their transaction fees are stupidly insane
It has nothing to do with Coinbase.

I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...
The value that you're moving has nothing to do with the required fee. It is possible to move $1 Billion worth of Bitcoin for $1, and it is possible that you may require a $100 fee in order to move $1.


Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Your knowledge is elementary at best. Read my post before writing more nonsense.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 11:25:37 AM
I agree the developers should do something, either a 2 mb per block or whatever, but have to solve this, people are using ETH just to get around the fees.
Read other posts before writing garbage. 2 MB does not solve anything and mETH will have the same if not worse problems.

Is that coinbase? I know their transaction fees are stupidly insane
It has nothing to do with Coinbase.

I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...
The value that you're moving has nothing to do with the required fee. It is possible to move $1 Billion worth of Bitcoin for $1, and it is possible that you may require a $100 fee in order to move $1.


Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Your knowledge is elementary at best. Read my post before writing more nonsense.

Lauda,

I have read it, again i am not stupid.

It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 13, 2017, 11:28:25 AM
I have read it, again i am not stupid.
I highly doubt it.

It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.
Guess what: Nobody cares. Bitcoin does not care about your emotions, and neither does anyone educated care about your useless ranting. You are in absolutely no position to make any kind of demands. You are free to go somewhere else.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Taki on June 13, 2017, 11:31:14 AM
If you're not in a hurry, you could simply choose a lower fee.
This is holly truth! The value of the fee that they suggested to you is impossibly high! This wallets are just going crazy, but I am sure there are people who pay such fees. Maybe to organise my own BTC wallet with normal fee amount!? ::)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Reid on June 13, 2017, 11:33:47 AM
Brand new for a full member?
I mean is this the first time you have done a transaction?
This news had spreading around all over this community for like a month now and we are almost getting used to it. Now you are getting mad for a $73 dollar transaction which you didn't even observe if you could customize you fee. Unlike some of us here who are using web wallets which dont have much of a choice.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Hypnosis00 on June 13, 2017, 12:13:25 PM
The price of bitcoin is so high and a lot of users are also executing transactions everyday so it is more like a race for every kind of transaction so it is either you will pay high to get to the finish line fast as you want or pay average fee which will take a lot of hours or even days before you fully received it.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: NeuroticFish on June 13, 2017, 12:18:02 PM
It's SICK to pay this kind of fee!
And as i told before, I refuse to pay this kind of fee.

Then just don't.
Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).
Unfortunately we are small in this equation and whether we are happy or unhappy about this situation, only the miners (signal) and devs (fork) can do anything of it.
There are many as frustrated as you are (or even worse) and this subject is well known.
We need more, more and even more patience, it seems.

Meanwhile optimizing the transfers is the only solution I know of. If you earn Bitcoin, try to get them sent directly/automatically to the places you want to spend them (exchanges?). Also try to avoid sending them every week if you don't have to and you know that next week more money will come into that wallet.
...These are small things, I know, and some may not apply to you, still, I hope they can help.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 13, 2017, 12:40:28 PM
Brand new for a full member?
I mean is this the first time you have done a transaction?
This news had spreading around all over this community for like a month now and we are almost getting used to it. Now you are getting mad for a $73 dollar transaction which you didn't even observe if you could customize you fee. Unlike some of us here who are using web wallets which dont have much of a choice.

https://blockchain.info/address/1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ

Just check my transactions dude,
If i wanna transfer this amount now i should pay a fee of $8.87,
And yes, there can be many reassons for it.
My last transaction i made with the same amount of transaction was on 3 may, i paid a fee of $0.92.

It's not where talking about smalls amounts of fee here.

And yes i refuse to pay a fee like this to the miners.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Ewox on June 13, 2017, 12:55:31 PM

3) Pay less and wait more. The amount you pay (which you can pick in the wallets that I've recommended) in combination with the fee-rate tiers (see superscript 1) determines how long you will wait for a confirmation (estimate).

I have to agree with Lauda on this, what I usually do though is I wait if I'm not in a hurry. Though I did notice the price went up when bitcoins value skyrocketed too.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: hase0278 on June 13, 2017, 01:01:16 PM
Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Point is, if this is how the blockchain will handle my transactions with this kind of fee i am out.
Even with many outputs i haven't paid this kind of fee, never! Made around 255 transactions.
I am not stupid, i am shocked about this high fee.
And if this kind of fee will be normal to pay i am out of Bitcoin.

There many others coins with better rates.

That's just how it is now it is either you put up with slow transaction and pay a low amount of fee or pay the recommended one to get your transaction confirmed faster. This kind of fee is normal for now so to solve this problem, just send your bitcoin earnings sent by others to an exchange if you will spend it or just simply send it to where you want it for you to not bother about the fee.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: bitbunnny on June 13, 2017, 01:08:04 PM
Fees issues are nothing new you should have known this by now. Low and very low fees are past, this is not functioning anymore. Until some solution is found we have to agree with higher fees if we want for transactions to be confirmed and delivered on time. So you better get the wallet where you can regulate the fees.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: carlfebz2 on June 13, 2017, 01:14:06 PM
Guy's i am not a newbie around here, i work with bitcoin for 2 years now.
I know how i can change the fee, lower or higher, doesn't matter.
Point is, if this is how the blockchain will handle my transactions with this kind of fee i am out.
Even with many outputs i haven't paid this kind of fee, never! Made around 255 transactions.
I am not stupid, i am shocked about this high fee.
And if this kind of fee will be normal to pay i am out of Bitcoin.

There many others coins with better rates.

You are not the only one who do experience this but all bitcoin users which really don't like on the sudden increase of fees and we cant do anything about it but pay up those fees if we do want to transfer some bitcoins from another wallet. I was little bit surprised that 0.001 is already considered as lowest amount of fee which ive knew this a while ago that its on recommended fee but now it goes high again which it change to 0.003 which is really too much and this thing hesitates me to make transfers specially on a hurry.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: jtipt on June 13, 2017, 01:15:41 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?
The fee in BTC has pretty much stayed the same with a slight increase, but because the bitcoin's price has risen so much in past few weeks that same fee looks a lot more in $ terms.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 13, 2017, 01:18:28 PM
Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).
Part of the problem to the congestion is that plenty of services use Bitcoin very inefficiently. Instead of spamming with $1 or lower transactions repeatedly, they should aggregate them into bigger ones and make payments less frequent. This reminds me of some signature campaigns that had daily payments.

https://blockchain.info/address/1KzsaffqLuKk81vRKx4bNDAWVYL3NEZMoZ
Using a fee-rate of "534.16 sat/B" confirms my assessment that you have rudimentary knowledge of cryptocurrencies and are blaming Bitcoin for your own short comings.

I was little bit surprised that 0.001 is already considered as lowest amount of fee which ive knew this a while ago that its on recommended fee but now it goes high again which it change to 0.003 which is really too much and this thing hesitates me to make transfers specially on a hurry.
Absolute bullshit post. "0.001" is not considered the lowest "amount of fee". There are no absolute numbers when it comes to fees, only the fee-rate.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Gens09 on June 13, 2017, 01:23:18 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
I guess you can still choose a lower fee but not a fast transaction and i guess there ae just really a bitcoin wallet that have a super high fees when it comes in transaction and even in a small transaction so i guess you better change your bitcoin wallet and find who have more lower fees 8$ fee iis really ridiculous.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: The One on June 13, 2017, 01:28:34 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Core developers changed the way fees are calculated. Once upon a time is was simple like buying a pint in a pub. Now they have screwed it all up based on their flawed understanding of economics. Fee market - utterly stupid.

Ignore Lauda as well.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: squatz1 on June 13, 2017, 01:32:34 PM
If you're not in a hurry, you could simply choose a lower fee.

This is something that a ton of people say though it's going to be kind of tough to pay a lower fee when you want something to be going at a semi-normal speed. You'd want to be following a credit card in that sense where the payment goes through instantly and you don't need to wait a disgusting amount of time to be able to pay for it.

But on a TX like this which is $73, you're paying more then 10 percent of it away in fees, this is one of the many reasons that I stopped using BTC and have went back to using my debit card and fiat. I simply take all the BTC I earn and convert it into USD instead of paying high fees and just simply losing money for the sake of losing money. I'm not doing anything shady online so it's not worth it for me to pay these high fees.

Lets hope we fix this congested network #SegWit?


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: matrix zion on June 13, 2017, 01:46:22 PM
Guess what: Nobody cares. Bitcoin does not care about your emotions, and neither does anyone educated care about your useless ranting. You are in absolutely no position to make any kind of demands. You are free to go somewhere else.

No that's sure.
But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.
And as far as I can see (which is probably not really far of course), there is a constant rise of protest againstthe cost of using the network. There is an urge of demand and I'm a bit afraid about the possible false solution that could be brought by a popular movement led more by emotions than by technical knowledge...



Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: NeuroticFish on June 13, 2017, 02:10:11 PM
Wait for the money to accumulate in your wallet (if you continue to earn), wait for the network to have better times, this kind of issues may get solved at some point (SegWit, politics, name it).
Part of the problem to the congestion is that plenty of services use Bitcoin very inefficiently. Instead of spamming with $1 or lower transactions repeatedly, they should aggregate them into bigger ones and make payments less frequent. This reminds me of some signature campaigns that had daily payments.

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.

Meanwhile optimizing the transfers is the only solution I know of. If you earn Bitcoin, try to get them sent directly/automatically to the places you want to spend them (exchanges?). Also try to avoid sending them every week if you don't have to and you know that next week more money will come into that wallet.

Of course, this is not a solution for the "big bucks", but the problem is the small inputs...





Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: shine1123 on June 13, 2017, 02:21:21 PM
The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: stomachgrowls on June 13, 2017, 02:29:44 PM
The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?
Fee would still be the same no matter how big would be the amount you would transfer.As seen on the image theres a customize fee link or button there which he can anytime adjust the fees if hes not willing to pay up that $8 for high-priority transaction.It really ridiculous to pay that fee,if your not in a hurry then better choose the lowest one but expect it would really confirm very slow.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: DGulari on June 13, 2017, 02:42:18 PM
I am not in a hurry for a payment.
I did not make the payment yet. I Refuse to pay this kind of fee.
Pay it. Don't wait.  The longer you wait, the higher the fee.  It has been going like that for a few years now.  The fee will be $25 soon.  This is the way Blockstream wants it.  That way, you'll want to use their network service which will only have a small fee!  lolololol.  Hahahaha.  Get it?!  Adam Back wants to capture all the fee traffic!!! 


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Sowik on June 13, 2017, 03:02:04 PM
One of the reasons why Ethereum is on the rise :)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Kprawn on June 13, 2017, 04:04:23 PM
One of the reasons why Ethereum is on the rise :)

WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical

decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,

because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}

Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations.  >:(


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 14, 2017, 05:42:12 AM
But as for everything concerning BTC, HIS opinion has no importance but the opinion of the broad majority is important.
Even that I can disagree with. Uneducated folk my flock to the centralized mETH, but that will only lead to it having high fees as well. Maybe they shall realize their error then or once they lose money.

Yep, I've had this in mining for some altcoins and I think that's still an issue now with faucets.
That's why part of my solution is to accumulate that money directly in the place you want to spend them. I am not great in organizing my ideas, but it's there.
The problem with that isn't only the block size spam. This often creates a lot of unnecessary UTXO or UTXO that can't be spent anyways (which in turn also affects scaling).

One of the reasons why Ethereum is on the rise..
Absolute bullshit. The reason why ETH is rising is the MLM ICO setup that is used to artificially constraint the supply. As it stands now, probably less than 10% of mETH is liquid.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: In the silence on June 14, 2017, 05:50:28 AM
Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee. :)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: lottery248 on June 14, 2017, 07:04:24 AM
probably because the size of that transaction is very large, if they don;t put a higher fee for them they might have to face a lower priority to get them confirmed.
Well bitcoin's price is going high and so is the fee. If you're not really in a rush choose the transaction with a lower fee. :)
yup, or choose the popular altcoins so you don't get your bitcoin or any fiat equivalent stuck in those transactions; as they are not yet high volume in the flow, fees then lower.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: allthebitandbobs on June 14, 2017, 08:07:15 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.


For small transaction any under a couple of 100 your better off using altcoins now bud way cheaper to transfer funds .Litecoin is a good alternative since it use many places bitcoin is used


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: magneto on June 14, 2017, 08:18:30 AM
I don't think that you realize that bitcoin is still quite cheap. For an $8 fee you are getting a decentralized framework that runs smoothly and instantly, fund clearance within minutes, and the other party can spend the funds as soon as you send it. It is particularly useful for sending money overseas.

Go to https://www.westernunion.com/au/en/send-money-internationally.html and see for yourself, a standard transaction at Western Union cost $5, and this is not including forex fees(obviously, WU's rates are not interbank rates, therefore is crappy).

Furthermore, a wire transfer fee of $25 has to be paid for your recipient to receive the amount at the bank. This whilst waiting 1-2 days for processing. If you don't want to pay this, sure. There is a free option of having a cheque delivered to your recipient, although this would take you FIFTEEN DAYS.

If you don't like bitcoin, like Lauda said, don't use it.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: HongKong on June 14, 2017, 09:36:23 PM
If you're not in a hurry, you could simply choose a lower fee.
This is holly truth! The value of the fee that they suggested to you is impossibly high! This wallets are just going crazy, but I am sure there are people who pay such fees. Maybe to organise my own BTC wallet with normal fee amount!? ::)
Having a really high fee for Bitcoin is just something that is frowned upon in the Crypto area since the people that can wait for their Bitcoin transaction to receive a confirmation only have to wait around 24 hours for the other person to get their coins. A $0.60 transaction fee could get the transaction confirmed successfully if the transaction is accelerated properly.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Clark05 on June 14, 2017, 09:44:34 PM
Im very sad today because the fee as of now is very high compared to the last few years. I hope the fees will come back again . Before the transaction fee is 0.0002 only but now its very bign 8 dollars is big transaction fee but if you have choice to lower your fee lower it. What kind of wallet you use because if you use wallet like coinbase the transaction fee is depends on how much you send.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Shenzou on June 14, 2017, 09:59:38 PM
i think that its our fault, because we as bitcoin users have falled to the trap of the miners, they started getting greedt as soon as bitcoin started to skyrocket and they asked for more and we gave thel what they wanted, so they kept asking for more and more and they will not stop so lang as poeple keep giving them what they want, we have to make actions now while we still can otherwise we will see immense consequences when it comes to transaction fees


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: KeyGenKing on June 15, 2017, 11:10:38 AM
Kinda funny situation here,

a few people advice to use other coins ( they don't trust Bitcoin anymore )
Miners asking higher fee's for what? Cuz they get greedy as fuck.
Others say just pick another moment to send the Bitcoin.

Others tell me to shut up and deal with it.
Is this how to use bitcoin? Just take it or leave it?

I can send money on a cheaper way as with Bitcoin.

Quote
Bitcoin increases system efficiency and enables the provision of financial services at a drastically lower cost, giving users more power and freedom.

Well, not anymore right?
If i read what you some of you tells here, we will pay a lot more in a year? Why?
Doesn't this mean Bitcoin isn't a great coin at all? The blockchain is a great system for sure.
But things are going wrong when i need to pay $8.87.

No way i can complian about it.
Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
But because this is Bitcoin i should accept this? Doesn't make any sense at all.

If your answer is yes, i don't think you understand my point here Lauda.

PS,
Oh and I can't help it my grammar not so good.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lauda on June 15, 2017, 01:20:54 PM
a few people advice to use other coins ( they don't trust Bitcoin anymore )
There is no such thing as "trust" with Bitcoin. Those people are idiots.

Miners asking higher fee's for what? Cuz they get greedy as fuck.
No, they are not. You have not read my post.

I can send money on a cheaper way as with Bitcoin.
Want me to start ScamCoin, so you can transact on ScamCoin for 0 fees? Security & decentralization. Learn it.

But things are going wrong when i need to pay $8.87.
No.

Cuz Lauda will get angry on my cuz i don't understand Bitcoin.
I do understand Bitcoin, If your bank ask you to pay 8 bucks to transfer your money to your dealer you won't agree an it too right?
You most certainly do not understand Bitcoin. Stop posting bullshit and whining. Either you are genuinely uneducated or you are deliberately creating a nest for spammers to post more bullshit.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: cellard on June 15, 2017, 01:25:24 PM
One of the reasons why Ethereum is on the rise :)

WRONG! Ethereum is on the rise because people are ignoring the indicators that it is a huge Ponzi Scheme. The greed is blinding their logical

decision making processes. Ethereum has not even reached the scaling challenges that Bitcoin has faced before. OP, has to pay that kind of fees,

because he admitted that he used faucets and flooded his Bitcoin address with "Dust" transactions. {No. Transactions 255}

Stop promoting a Ponzi Scheme {Ethereum} please, people are going to lose a shitload of money when the SEC starts their investigations.  >:(

Apparently I've read Vitalik Buterin and other main devs may be in danger of jail time because of selling illegal securities (this adds to all ICO's too apparently). If Vitalik makes ties with Putin, then the US government will go even harder against him because they hate anything that is pro-russian. Honestly not looking good long term. But medium term ETH is still probably a good investment because reality will kick in with delay as always.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: spatifilium on June 15, 2017, 01:37:24 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Why simply do not use another currency for transactions like DOGE


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: molsewid on June 15, 2017, 02:16:59 PM
Bitcoin is having very big transaction fee nowadays but when bitcoin price become into normal i think the fee will be less too like the old ones and they need the fees to keep the blockchain alive and that fee they gonna use it for to support it self. Like they gonna support the company and those needs.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: megynacuna on June 15, 2017, 08:10:52 PM
The simple answer is just click on customize fee and pay lower like 0.0005 should be good, just wait more time to get confirmed. For long answer, do what lauda says. Don't use web wallets and start download bitcoin core. Actually the fee quite ridiculous though, imagine if someone do 1btc transaction, how much the fee will be ?

Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: DRaGoN RaNTaRo on June 15, 2017, 08:15:25 PM
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: richardsNY on June 15, 2017, 08:59:32 PM
Bitcoin is having very big transaction fee nowadays but when bitcoin price become into normal i think the fee will be less too like the old ones and they need the fees to keep the blockchain alive and that fee they gonna use it for to support it self. Like they gonna support the company and those needs.

In terms of fees in relation to its value in fiat, that will go down at the time the price is going down, but that's just temporarily -- overall, the price will increase beyond the levels that we have seen so far. In terms of the satoshi to byte ratio, this will only increase, and especially in the long term. If the price keeps going up, and the satoshi to byte ratio as well, and this is the most likely scenario, it will only get worse. It will require services to change their payment/payout structure in order to not only save themselves a few bucks on fees, but it also equals less overall network clutter due to insignificant 'dust' transactions.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Rahar02 on June 15, 2017, 09:14:35 PM
I noticed the same, few days ago, 5€ for moving 50€ in BTC from my wallet to an exchange...

That's why you can change the fees but be carefull because smaller fees will greatly increase the transaction time.
In my case, when i putted 0.0005 BTC as fee, my transaction took nearly 3 days ! with 0.001 BTC it took a few hours.

It's a matter of balance between your imperatives, patience and the money you are ready to waste in exchange of time.

Well, it's about waiting time, patience and your money to spend, lol   ;D
For people who willing to pay more fees to get their transaction be confirmed as fast as possible, it's fine.
But for people who don't want to be wasteful, high fees is not an option, so you have to pay low fees but deal with the time which could take days to confirmed.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: chaser15 on June 15, 2017, 09:19:03 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

Even a $10 needs above $3 fee just to send it. It doesn't matter with the value but with the inputs.

As bitcoin price is increasing, we can really feel the high fees that is applied in every transactions. Because bitcoin is demand, the network is always fully loaded and we need to deal with the standard fees in order to get our transaction be confirmed. To minimize the cost, just send bitcoin to other address whenever you need and send that in advance so that you can also be fined with low fees. But accept that using low fees can make your transaction be confirmed in several days but limited to almost a week.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: azotas on June 15, 2017, 09:26:52 PM
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: gilangIDR on June 15, 2017, 09:51:41 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
This is indeed a reasonable thing now to make transactions under 10 minutes you have to spend that much fee. But you also can actually set the amount of the desired fee, you are free to determine the amount of fee. But the results will affect the speed of your transactions. Usually I choose the amount of fee that is below the standard delivery 60 minutes. You can save quite a lot. I send 80 $ and only charged 2.5 $ fee, it will help save a bitcoin you have .


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: shield132 on June 15, 2017, 10:28:47 PM
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees.
oh yes, that's good when you are using bitcoin core on your own computer but also it has it's side effects. If your pc got damaged hardly, you will lost your bitcoins. I understand that online wallets are risky because you are trusting them your coins but legal websites like coinbase are safe for me.
And what's about thread, bitcoin isn't that old coin which was good for quick and cheap transactions, it's great now for only very high amount, not for simple 100$.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: iqlimasyadiqa on June 15, 2017, 10:43:27 PM
Absolutely, people should start making hardrive space for the entire Bitcoin core so they can use their wallets or get electrum light which has lower fees on them than these web wallets who are bent on making profits. I've decided against using web wallets again after reading through this thread.
Using light weight wallets is always the right decision because you have complete control over your coins and you have the freedom to set your customized fees according to your needs,saving coins in web wallets are not fancy with the increase in fee structure and they will be charging more than the average fees.
oh yes, that's good when you are using bitcoin core on your own computer but also it has it's side effects. If your pc got damaged hardly, you will lost your bitcoins. I understand that online wallets are risky because you are trusting them your coins but legal websites like coinbase are safe for me.
And what's about thread, bitcoin isn't that old coin which was good for quick and cheap transactions, it's great now for only very high amount, not for simple 100$.
Web wallet remains a priority. Computer maintenance using bitcoin cores should have a pretty decent cost. We should always synchronize the server, while the web wallet does not have to be done. Our work is lighter. But it is like that, the disadvantage is the cost of each transaction is quite high. Is not currently the best solution for both.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Omega Weapon on June 16, 2017, 12:22:04 AM
I don't know how many inputs you have and that's the number of satoshi/byte intended to pay as tx fee, but if your transaction doesn't have many inputs (faucets) you can do better with a proper local wallet.
So if you can export your private key(s) and import into Electrum you have a good chance to pay (much) less.
This is true, I remember that a few months ago I was trying to send a transaction too and the fee was 20 dollars, it was ridiculous, I imported my keys into electrum and at the end I paid about a dollar in fees, so if you can do this do it, you don’t lose anything and in the end may win a lot in terms of savings.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: alexis3 on June 16, 2017, 11:06:16 AM
The current almost default fee for a regular 222 byte transaction is about 0.0004 which is equal to $1, if you have to pay $8 then it's because the size is much bigger by including more addresses in sending and receiving.
I'm not saying the fee is OK, but I am not with changing the system to something centralized which is taking the purpose of BTC for cheaper confirmations...


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: scout5 on June 16, 2017, 11:17:39 AM
depending on what app/program you're using, you can set a lower fee ($1 or so) if you're not in a hurry. Don't worry though, there will be a fix for this at the beginning of august.  ;)


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Sithara007 on June 16, 2017, 11:31:35 AM
I just withdrew my signature earnings from YoBit, and I paid a fee of BTC0.0015, which is equivalent to some $3.75 (YoBit paid BTC0.0011594 for the transaction). Even Paypal doesn't have these sort of insane fees. I am feeling really angry at the miners now. If they don't want SegWit, then let them come up with some other solution. But this can't go on like this for ever.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: chalkboard17 on June 16, 2017, 01:18:19 PM
just relax bro. Do not need to be panic or angry like that. Bitcoin will soon be the same as it was in the past. HF will soon happen and we will soon activate both segwit and increase block size from 1 to 2mb


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: SingAlong on June 16, 2017, 01:21:41 PM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.

You seriously need to go and do some homework! Adjust that goddamn fee so that you will not pay so high. You have an option whether to pay a high fee or low that depends if you need it soon or not. Also Bitcoin nowadays is not suitable for any microtransaction or rather not recommended considering the fees nowadays. We should wait and see whether the transaction would somehow go down then I will decide to look for another method to have a lesser transaction fees if somehow it would rise and affordability is no where to be found.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Freezingel on June 16, 2017, 01:38:32 PM
According to what i read, the amount of fee is calculated based on the input and the network, so you can try to reduce the size or lower the recommend fee if you don't mind to wait. The most i paid for is about $1 few.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Lancusters on June 16, 2017, 01:47:29 PM
I can't understand why the fee per transaction is so high. It ought to be motivated. Many people enjoy small tranches and therefore can generally turn away from the use of bitcoin. This is necessary to solve something, but our little depends.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: ornabldo on June 16, 2017, 03:13:38 PM
The regular fee is much lower, probably the maximum is now $2 dollars now to get confirmed in the next one or two blocks/ Fees are voluntarily and paid in the high side to get confirmed instantly or very closely. otherwise using a regular fee would do.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: szpalata on June 16, 2017, 03:20:14 PM
just relax bro. Do not need to be panic or angry like that. Bitcoin will soon be the same as it was in the past. HF will soon happen and we will soon activate both segwit and increase block size from 1 to 2mb

I hope that this solution will be the ideal solution we've craving for and there will be no further disputes or problems arising from the application of this solution. I'm for the good of Bitcoin and hope this helps us to overcome these huge fees and delayed confirmation times without any side effects.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: lady Royal on June 16, 2017, 03:23:11 PM
Dude you are crying over $8? I have paid more than 8$ for a 10$ transaction that is actually ridiculous because I need that money real fast, So, I put that high fee. We hope that miners stop doing that shit and start accepting transactions with a low fee.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Bestwishes745 on June 17, 2017, 10:56:09 PM
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins
oo really its so amazing to see users like you .as much as bitcoin is being commend the transaction fees is being applied accordingly as the bitcoin demand is being so high and now using in several areas of the world with high so as load of users is increasing the transaction is increasing to overcome and to avoid the problems.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: shinratensei_ on June 17, 2017, 11:12:55 PM
I just withdrew my signature earnings from YoBit, and I paid a fee of BTC0.0015, which is equivalent to some $3.75 (YoBit paid BTC0.0011594 for the transaction). Even Paypal doesn't have these sort of insane fees. I am feeling really angry at the miners now. If they don't want SegWit, then let them come up with some other solution. But this can't go on like this for ever.
Make sure if you have blamed the right person. The fees are depending on the network status. The more transaction in mempool will make too many transactions in queue gets stuck. Or bloat the bitcoin network. The only way to resolve it through the scaling agreement which will be activated in August as far as I know.

At least it must be driven for success.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: richardsNY on June 17, 2017, 11:15:47 PM
i payed today 0.00075 - 1.5 euro for transaction, and got my coins within 10-20 mins
oo really its so amazing to see users like you  and to avoid the problems.

It's not that he did something unbelievable.... If your transaction byte size is more or less in the range of a generally normal transaction (i.e. 226 bytes), and include a fee that is slightly under/over the recommended fee, then miners will likely include it in the next block, or the block after that. If you're lucky, then 1 or 2 blocks may come through with just a few minutes apart -- there you have your quick confirmation(s).


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: In the silence on June 19, 2017, 03:39:27 AM
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys :) i would still use bitcoin.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: DOGE12321 on June 19, 2017, 03:53:07 AM
As the newbies said at the top you need to customise your own fee settings. Plus don't use any wallet that limits these. I personally use Electrum and I would recommend it. And nest time, remember to check this website: https://bitcoinfees.21.co/

This will show the most economical and fastest transaction rate at that time. Right now that sits at 330 satoshis/byte.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: ufaiz50 on June 19, 2017, 04:36:13 AM
confirmation is only 1 hour is fast so you have to add the amount of fee. if you don't want it there's customize option or you don't choose regular in form transactiekosten choose a lowers although it will take longer for the estimated confirmation. maybe for transactions it would be better to choose altcoin like eth or doge and you have to use multi wallet like coinbase to send eth.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: jualidbitmixer on June 19, 2017, 04:44:18 AM
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys :) i would still use bitcoin.

Actually you can pay less fee on your transaction and takes a little more time to get confirmed. To get confirmed on blockchain is already quite fast than a few weeks ago. I really recommend to customize fee for every transaction you do.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Wendigo on June 19, 2017, 05:34:40 AM
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys :) i would still use bitcoin.

Sorry but this is not cheap. Just imagine doing this on a daily basis. You will be essentially losing money on ridiculously inflated fees. Sometimes Bitcoin fanboism is just not healthy at all  ;D


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Prodigan786 on June 19, 2017, 06:35:40 AM
This shit is too crazy man!

Why the hell do i have to pay that mutch?
I wanna make a payment of $73, fee would be $8.04.
What the hell is going on?

Proof?
http://imgur.com/a/Y5Ruo

Anything to do to aviod this?
I will turn my back to Bitcoin if this shit is going on like this.
You could have go for customize fees in block chain wallet or if you are using exchange wallets then some are not giving ability to customize the fees then we will really stuck .Because of this lots of altcoins doing really good move .


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: btccashacc on June 19, 2017, 11:36:19 AM
I did spend 5 USD just to get my 40 usd from blockchain. It's still kinda cheep compared to other money transfer companeys :) i would still use bitcoin.
It might be cheap for you but for those who living in 3rd country 5 dollars for a fee it's extremely expensive, it's not a problem if we send lot of bitcoins with that fee but for small transaction it is a problem. Well for now i think bitcoin isn't suited for small transaction.
confirmation is only 1 hour is fast so you have to add the amount of fee. if you don't want it there's customize option or you don't choose regular in form transactiekosten choose a lowers although it will take longer for the estimated confirmation. maybe for transactions it would be better to choose altcoin like eth or doge and you have to use multi wallet like coinbase to send eth.
Exactly, personally i'm using dogecoin for trading activity, sending my bitcoin from bittrex to poloniex or vice versa in order to avoid the bitcoin fee, it only costs 2 doges on bittrex and 5 doges on poloniex which is exteremly cheap. The problem is this method only works on exchanger or wallet which support multicurrency.


Title: Re: $8 fee? for a $73 transaction? Really what the fuc is going on?
Post by: Omega Weapon on June 21, 2017, 02:24:57 AM
Dude you are crying over $8? I have paid more than 8$ for a 10$ transaction that is actually ridiculous because I need that money real fast, So, I put that high fee. We hope that miners stop doing that shit and start accepting transactions with a low fee.
If for you that is not a lot of money cool, but for a lot of people 8 dollars is a lot of money, especially if you live in a third world country, 8 dollars can be as much as a few days of payment to some, and lets be honest, even if you can pay such transactions, who does not like to get the same service for a cheaper fee, so to me it makes sense the op is not happy about the situation.