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Title: High Transaction Charges Post by: kartik99 on February 23, 2018, 09:47:31 AM Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges.
Title: Re: High Transaction Charges Post by: krishnapramod on February 23, 2018, 11:17:58 AM If you had sent a transaction lately, you would have noticed that the transaction fees/charges has come down considerably lower than what it was a few months ago. From around $40 by the end of last year to around $1 for small-sized transactions now. Although Segwit transactions are still around 14% only, the whole transactional demand has decreased and it's likely once the transaction volume increases again like it was in December, Segwit adoption would have reached more than 50%, with major exchanges like Coinbase and wallets like Blockchain rolling out Segwit within the first quarter and also batching.
I didn't get what do you mean by high transactions fees and miners not getting paid what they should be ??? Maybe I failed to understand the whole question ;D Self-moderated thread, wrong answer, do delete it. Title: Re: High Transaction Charges Post by: Bytem3 on February 23, 2018, 11:30:50 AM The fees went down 96%. I just recently sent a few K worth of bitcoins and it cost me less than $0.10!
Check out this article: https://coincodex.com/article/1327/bitcoin-fees-down-96-from-peak-as-coinbase-and-bitfinex-integrate-segwit/ Title: Re: High Transaction Charges Post by: wdnj on February 23, 2018, 11:39:51 AM Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges. bitcoin transfer fee reached the 34 USD per transaction which the people saw that bitcoin is hard to have as a regular currency, and i believe one of the reason why this Bitcoin fall. But this month also is the best thing as bitcoin transfer fee are really low now and they are engaging to solve the problem and not any longer now bitcoin will have the trasfer fee at free rate and much faster. Title: Re: High Transaction Charges Post by: secondgarlic on February 23, 2018, 11:51:05 AM Over the past few months, transaction charges for bitcoin have gone very high. But miners are not getting paid what they should be. Appropriate solution is needed to get rid of high transaction charges. bitcoin transfer fee reached the 34 USD per transaction which the people saw that bitcoin is hard to have as a regular currency, and i believe one of the reason why this Bitcoin fall. But this month also is the best thing as bitcoin transfer fee are really low now and they are engaging to solve the problem and not any longer now bitcoin will have the trasfer fee at free rate and much faster. Unless segwit adoption takes off, or lightning network takes too long to get implemented, once bitcoin rises in popularity once again, we're going to see the high transaction fees again. So I think the main reason behind the high fees has not been addressed yet, we probably will experience the same problems eventually. Title: Re: High Transaction Charges Post by: CAPT.DEADPOOL on February 23, 2018, 11:56:24 AM the fee is now high for each transaction you send because the bitcoin is high then the lower the fee because bitcoin's price is too low and the traffic is still over the block chain because there are so many transactions
Title: Re: High Transaction Charges Post by: stompix on February 23, 2018, 12:03:20 PM the fee is now high for each transaction you send because the bitcoin is high then the lower the fee because bitcoin's price is too low and the traffic is still over the block chain because there are so many transactions The fee is high because you are talking in your sleep. Blocks are half full, transactions with 1sat/b fee are getting confirmed and yous till talk about high fees? Do a bit of research before posting crap. But miners are not getting paid what they should be. What is this supposed to mean? Miners are paid the fees, nobody decides what is the value miners "should" be paid. |