Bitcoin Forum

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

I thought it was the opposite :p I don't know, maybe it works in a few cases, but every time I choose small or regular fee it takes ages to confirm the transaction :/ Maybe this happening bcs of the time you try to make a transaction, or maybe the amount you wanna send.

Apart from the fact that your sentences are almost unreadable.

The higher the bitcoin fees, the higher the chance of it getting confirmed in the shortest period of time

Transaction relay among nodes is a different factor from getting a transaction mined in a block.

i could prefer using a high transaction fee if i need to spend the btc urgently because it gets first priority from miners
 and gets confirmed faster especially if you get to use this bitcoin tool with high fees set :) :
 
https://www.viabtc.com/tools/txaccelerator/

Setting low transaction fees ranging from 1000 satoshi is not good because there's a chance that you're tx won't be confirmed. People use large miners fee because the size of their transaction could be higher than 1kb and sometimes could be an accident.

not to increase the fee it will only burden the block in transporting transaction for a fee greater then the amount of the transaction size is also large, which should be with a small fee each block that could bring the 2000 transaction, but because of the number of fee-large will reduce the number of people who will carry out the transaction / uncofirmed

Small fees will never make transactions faster and you may have to wait even 1 or 2 days for your transaction to get confirmed and if you want faster confirmation then add higher fees and your transaction will get confirmed in around 30 minutes.

Your English doesn't make any sense.  Perhaps your translation is incorrect.  It appears that your first language is Indonesian?

Try discussing your thoughts here:
Local > Bahasa Indonesia (Indonesian) (https://bitcointalk.org/index.php?board=191.0)

If you are not in a hurry or not chasing to buy coins to trade that you can wait for hours its fine to just set a low fee. TO me it doesn't matter too if all I want is just to store my btc to a wallet I have. If it could take a day unformed its fine to me. But if I'm paying to someone who have no patience and will soon start a thread about me scamming him if btc isn't on his wallet, thats another story.

BTC should really be fast as usual but if its not going to be that way later, its not going to be good for us all. Altcoins are there ready to serve though.

Now i don't even care for fees. The reason i use coinbase as my wallet and they never took fees in past and normally when i sent bitcoins it was sent within 40 minutes. Now they introduced 0.5$ fees and they told it is being charged for faster transactions. And now just to get 1 confirmation it takes an hour even after paying the fees. Conclusion the more fees you pay it takes more time.

If you are not in a hurry then there is no problem taking the lowest fee you would want.  ;D
But most of us here want it faster to about getting worried to what might happened to our coins specially when you are sending a great amount of it.
I think the campaigns who pay a lot of people are the one who are paying lower fees for now. To save their money of course for paying another week or month of the campaign.

Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.

I think the words just got jumbled but that is what he meant.
Depends on him if he really wants the fastest transaction ever.
Look every wallet websites are now changing their settings too by making options for users if they want lower fees or not.
We just have to deal with that for now to not prolong the problem that have been occurring with the miners.
You can always pick into what you prefer.

Use google translator or just discuss this in your local board, your english is unreadable don't know why people are just guessing what OP is asking and replying.  ::) ;D

It was in the past when you can easily transfer bitcoins faster even with small amount of fees but now things have changed and if you want to make it quick then you need to add higher fees or else it will be an time consuming process.

What are you talking about? if you use small fee then your transaction will be confirmed later. People pay high fee when they want the transaction to be confirmed quickly. If you're not in a hurry, then just put small fee and it will be fine.

One time,i sent btc from my wallet with 0.0003 btc as fees and it took around five days for my transaction to be confirmed.So,higher the fees,faster the transaction.It depends on the situations of urgency whether to select high fees or low fees.

I have read some article stating that higher transfer and mining fee makes a transacton confirmed faster than transaction that has a low transfer fees.But i dont know if that was real.Me myself i am experiencing faster transactions when i sent a larger fees.

With the growing of Bitcoin's popularity, increasing the workload of its blockchain. This entails serious consequences for the price of bitcoin payments. The fees are also increasing.

What serious consequences for the price of bitcoin are you speaking of? You said a whole bunch of nothing.

That's right, if you want faster transactions you have to pay higher fees. I don't care about how transaction fast is, to me it's ok to wait hours or a whole day. So, I prefer to pay as low fees as possible with waiting so long.

OP need to know how miners work. OP thought that if you put high fees it will also occupy large spot on the block so fewer transactions per block will be processed. At least that is what I understand from his responses,

In my ideas about it, If you pay higher fee in your transaction there is a big chance for you to be confirm in a fastest way, but sometimes even you pay higher it is still unconfirmed for an hour. But it is really worst if you pay low fee's. you will wait for a long hours sometimes it takes 2 days before it confirm.

I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.

The validity of a transaction depends on several previous relevant transactions i.e
verification of previous transactions are needed in order to confirm the validity of the current transaction.Each sum of money that you have in your account is composed of several transactions through which you recieved those money.Larger sum means more number of transactions involved that means more number of transactions need to be verified.

It's not about the money we pay to confirm the transactions, it's about the popularity and value of Bitcoin. People came to Bitcoin universe because it has faster transactions, very low fees and anonymity.
Everyone know here that fees are very much essential in keeping the whole system stable but paying higher fees for faster transactions is like bribing someone, we need to find a solution for that.

some times some miners could validate your transaction even with lower fee, just to round up his earning from transaction, if he had a few that day but that is luck

normally the higher you put the fee the higher the chance to confirm, and this is the reason why the fee is so high, the users are deciding the size of the transaction not the miners

If the fees is low for sure your transaction is slow . Because I think it depends on the fees the confirmation. If you set high fees for sure the transaction will be confimed in less than one hour. It depends also I think in high priority or low priority in you transaction.

Couldn't understand your sentence at first but i eventually get it.

Because with large fee your transaction will get confirmed faster. We relay transactions to the miners and this miners broadcast nodes to other miners for your blocks to get process.

I was never convinced that a transaction with a small fee can make transactions more quickly, but with bitcoin it can happen because it is made for cheap and quick transactions.

Small transaction all the time won't help with faster transaction confirmation. At times lucky people get it depending upon the miner involved with the particular transaction. Small transaction fee gives faster confirmation when the transaction amount too is found low in value.

If the miners fee is low than the minimum it could be slow transaction.. we need to relay in transaction size if you pay a small fee if the transaction size is high the speed of the transaction can be affect it could be slow.. so always check good size of the transaction and pay for an enough fee it can be the transaction going to normal or fast.
You can relay in this chart
https://bitcoinfees.21.co/
But there is no way to know what will be the transaction size if you sent it first..
Just use electrum instead for estimator and use the dynamic fees so that you know what speed you want to mine.

The existence of the bitcoin really makes me amazed, transactions for a small fee but it is faster than the banks, maybe up to 100 times. Can't argue with the facts of the bitcoin transaction is faster.

It seems op haven't made some transfers in recent time because if you do you know without high fees your transaction will take forever however its not neccesarily means the higher the tx fee the faster because sometimes using blockchain, I have witnessed the site recommending me use a lower fee that using a higher fee will not necessarily means its going any faster than using the recommended fee. So I just revert to what is being given to me to use to achieve the transaction in the least possible time...

I think it is fair to pay bitcoin transfer or transactions with a large fee because the miners can't sustain the network if they didn't get enough profit in supporting bitcoin network. Larger or more expensive fees will help you to make the confirmations even faster and i think we should practice being used of that.

well its because of the increased traffic and  the problem to be resolved very soon.i think the transaction fees should be kept in control otherwise it is going to be the decline of bitcoins,.

Always using the lowest possible but greater zero fees. If it times out, resent. For a quick transfer of value there's always LTC at the ready.
That's absolutely no selling point "but btc transactions are expensive, or slow" in advertisement.

We always questioned ourselfes what copied derivatives of btc's source code could do better. Always in front of breaking the social contract of limited coin supply, just take a look at LTC it's several times more supply available than BTC. But I think that does no more hinder adoption even if LTC could only reach 250$ at ATH, could still carry the same market cap.

I think lower fee for send BTC, You can not sent BTC in one day at the monent!

I don't have any problem with bitcoin transactions fees, because i used xapo wallet which it pay the fees for you. By the way transactions from xapo to xapo is instantly. and transactions from xapo to outside it take some times, I think around 1h30-4h, 5 hours in worst case. Maybe you are right about the more fees you pay, transactions takes more time to be confirmed.

because by using a large fee then your transaction will be prioritized to receive confirmation of first? small fee will take a long time to be confirmed now

Sad to say but that is reality. If you could provide a higher fees than you can be considered as the main priority or shall we say a vip and if you are the miner then you will of course choose the higher income right?

Doesn't it make sense? It sucks, but sadly it's a reality.
When you get a ticket for a concert do you get better seats for a lower price? No.
That's just the way things work.
Anyway - fees aren't really that big so no need to get upset about things. Not that I like to pay fees as well...

That i know if you increased transaction fee will make your transaction fast get confirmation but if you pay small transaction fee will make your transaction slowly to get confirmation or maybe your transaction get canceled because your transaction did not get confirmation until the deadline that has been set.

Absolutely agree. Blockchain have 16,000+ unconfirmed transactions now - https://blockchain.info/unconfirmed-transactions, not 3,000-4,000 as year ago.
 

Completely agree. Higher the fee, faster goes the transaction.
However, we don't have any definition for high/low fees. Fees is situation specific, currently $0.4-$0.5 is recommended for transaction upto 0.1 BTC.  Maybe it is too high as compared to 3-4 years back or maybe less as when compared to coming years. Fees is growing concern for Bitcoin world, it is one of the side-result of growing environment. Like "corruption is side-result of growing bureaucracy environment." It is main reason why we see possibilities of hard fork like #BTU.

But still I do not think anyone transfer their bitcoin with the high fees. minimum fees itself enough to transfer their bitcoins and it will get confirmed with in the 30 minutes normally. Then, you could have noticed the minimum fees in blockchain and other wallet sites has been increased. I have compared most of the wallet. Coinbase comparatively consumes less fees than others.

Seriously? Didn't you experience to transfer funds from another wallet to another one and have this transaction fee? Of course smaller fee won't make the transaction fast, it is the other way around, if you want to have a fast transaction, then pay more, because that's how it works in this world, though this higher transaction fee is so annoying because it seems like the miners don't leaves us a choice, they are taking the advantage.

Wrong, pay more fees will make your transaction priority was increased to get the block's validation ( confirmation ).


It's really high and you can see the chart of the total transaction on the blockchain.
https://blockchain.info/charts/transaction-fees

No, the current possibility hardfork is the political reason in my mind. Some scaling solution and the winner can take the advantage of changing the rule and the block structure of the bitcoin.

i have observe that too.. heis making confusion about his sentence. anyway it is true that the higher the fee the faster it is confirmed.

I guess it is not the situation you mean. The higher the transaction fee you give the fastest your transaction to be confirmed. The smallest you give the slower confirmation you can have.

traders please use viabtc.com/tools/txaccelerator/ to speed up your tx some time tx stucks in pool thats why not gets confirmations fast use this free service to speed up your tx confirmations. It works with low tx fee also  ;)

Not really the solution. Just taking their somewhat "political" statement


Seemingly a BU pool placing TX requests into their queque with some priority. If each fraction starts to support only their followers, we are still stuck on the same basic problem.

Bitcoin is great but we are no immune to the realities of the world, you get what you paid for, so if you want faster confirmation times then you need to pay extra and if you don’t want to pay or you can’t then we have no other option but to wait.

The larger the fee of your transaction the more prioritized you are. Because I saw a bitcoin that wallet that there's a 3 kind of fee the free, normal and the VIP in each of them the VIP has the fastest transfer rate and the more prioritized but the fee there is little expensive so I think fee will prioritized transaction.

Yes small fees can make that transaction prioritized because every second there are so many transaction that happen so I think if you will pay a small fee for your transaction be prioritized is reasonable, And that is true the small fees make your transaction be faster and more prioritized.

Although it may seem like it's better to use a higher fee to make sure that your Bitcoin gets sent quickly, it really isn't. The higher your fees, the more priority you get, however, you don't get that much priority and people that have lower fees might actually get their transaction into a block first. It is really weird and to be honest, I don't really know how it works.

are you sure ? i do not think so.. in my opinion fast or slow the transaction from the user transaction not the fee . if many user transaction maybe is full like the street in the big town ;D

Smaller fees then it is equal to longer transactions or confirmation time. There is no proof that small fees makes the transaction faster because it will just make the transaction less priority for the miners because the miners always confirm those who have big fees on their transactions. So i don't think this title of the topic is true. Be realistic.

If they'd increase the blocksize instead of a small group of two companies: blockstream and "Core" trying to skim with SegWit.  

Yes.  I am moving to LiteCoin. I think it is superior:  

1. 2.5 min block times
2. 2 MB block size
3. 0 transaction fees
4. 25MB block payout

The Bitcoin Core team (clever name for a company) is trying to hijack it, so they can put their nerdy bitcoins in cold storage.  They literally think $100 transaction fees are good.  T

Two of my favorites on the subject:

"Hidden Story of Bitcoin Unlimited" (hint: it started on this site)
https://news.btc.com/m/4616?id=4616&v=2&fromapp=0

SegWit vs. Bitcoin Unlimited:
https://youtu.be/JarEszFY1WY?t=43m26s
 

used 0.0001 fee a couple of days ago and it took quite a while, but it went through eventually, confirmed the next day (don't know exactly how many hours, but I had made payment the day before morning, and was confirmed the next morning). Very cheap in my opinion.
But as from now one will use mainly 0.001, don't mind paying up to a buck per transaction if it goes faster, although still haven't measured the speed compared to the smaller fee

As far as I know, larger fee will be more likely to be confirmed first.  It is the rule of the code, and exploited by miners.  Miners prioritized higher fees, it is not how much fee we send but rather the ratio of the fee to the number of bytes sent.  It is possible for a 40k satoshi fee with transaction ratio of 200 sat/bytes to be confirmed first than 80k satoshi with transaction ratio of 80 sat/bytes.

I am not quite sure what you mean but remember fees paid is not counted in the transaction so it does not make the transaction bigger if you pay higher fees. Moreover though you should pay high fees to get fast confirmations but paying little fees can still get confirmed by either waiting or accelerating through viabtc

Its hard to read your post but here my thoughts are simple for the bitcoin fee transactions .
Here exists a competition to pay high fee for the confirmation of your transaction , higher the fee higher the chance to get confirm in minute .
But beside of this factor it mainly depends upon the input and output of the bitcoin amount that you want transact .
So here it always remain more better that you should pay recommended fee that your wallet shows during transfer .

For other people and what i am experiencing i experience faster transactions time to time when it has a higher transaction fee on the mining pool.Because i think they prioritize transactions who pays more transaction fee than the transaction with small transaction fee.

And I'm confused, how come that the transaction fee would slow down the transaction fee? This transaction fee is for our transaction to processed in time, or even faster if we are going to pay high transaction fee, because we are going to be prioritized amongst those bitcoin users who didn't pay higher transaction fee.

If we don't want to pay some transaction fees, because it is too expensive for us, then we have to wait for long, for our transaction to get confirmed.

It's all about the power play game, miners are greedy and want to take as much fees as they can while they can but when they see their actions are hurting the future of bitcoin I'm sure they'll solve the fee issues once and for all we just have to give it time a little while longer.

the greater the fee that you remove the miner will make your trasaction will be quickly confirmed as the miner will prioritize a larger fee

There must be an upper cap for fee.I feel the current fee system is favourable to those who have lots of bitcoin because they can pay high fee when they want quick transaction.

In regards to transaction I do not bother myself to think about the amount of which take for me to complete my transaction because at first we all know that bitcoin doesn't have tax so fee is just less compare to tax and I think that the fee is an amount we need to pay for the developers of bitcoin make it a better crypto-currency. And for me faster transaction always depends on the wallet you will choose to used. Many uses blockchain as a portal on transaction and for me I take it as my secondary wallet and coin.ph as my primary wallet because it more suitable to used an application wallet in terms of faster transaction.

Excess bitcoin and cryptocurrency is the transaction quickly and costs are cheaper, I never thought bitcoin could like this, bitcoin users are increasing dramatically, skyrocketing prices, changing the way the internet transaction, and maybe will replace other internet payment like paypal, payza and more.

Transaction should be based on first come, first serve. Imagine queuing up inside a bank and the cashiers are competing with each other. Nonsense. Miners competing over fees isn't free market, it is centralisation as miners can decide which transaction to accept. Bitcoin is suppose to be decentralise, thus no nodes should have arbitrary decision making powers. Miners can only reject illegal transactions. All legal transactions must be accepted based on first come, first serve - until the block is full.

Now imagine queuing up inside a bank and you are in front of the queue. A dipstick lowlife with no manners jumped in front of you and offered a cashier $5 to be served first. Quite rightly those in the queue would eject the lowlife from the bank.

Fees should be fixed in the codes. Fixed under $0.10c. If bitcoin goes up to $5000 and stabalise around there for a month then an update wallet with fixed fees reduced in order to keep it under $0.1c must be release. No one should have centralised powers to manipulate the fees.

I do not bother myself to think about the amount of which take for me to complete my transaction. At first before we used bitcoin we all know that bitcoin doesn't have tax or paying method for u to contribute with force. Fee is just little compare to tax so I think that the fee is an amount we need to pay for the developers of bitcoin make it a better crypto-currency. And for me faster transaction always depends on the wallet you will choose to used.

Transaction fees are only part of the priority equation. Coin age is currently also a part of the equation, although core plan to remove this concept entirely in the next release.

Basically, if you have a unspent transaction output with a lot of confirmations on top of it, you can pay a lower fee than those who are spending a recently received unspent transaction output, and the lower fee transaction will get higher priority.

This is a good anti-spam measure to prevent the tragedy of the commons. The only argument against it would be in the name of fungibility.

Spammers can be sending the same UTXO amount over and over again with a high fee. If you have a UTXO with good coin age, you don't have to out compete the spammers. At least not yet anyway.

I sent three low fee lean transactions last week, one confirmed by BitFury, 2 by BW. 1 transaction was confirmed by BW in the next block, and all within 2 hours. The fee? 1 sat/byte.

I dont get what you've just said but as car as I know, if you will be giving a fee, make it high enough making your transaction accepted quickly. Saying that, minimum your transactions into one, send bitcoins into many so the fees will not be as high as sending it one by one. If you will be sending a bitcoin with a fee of satoshi, better wait for a month or a year.

I think it doesn't depent in the fee but there are no fee transaction that is instant fast in sending bitcoin into others.,,
I think it all depend in the website or wallet you are using it all depend in there system if they have a fast system the transaction will be smooth.,
We Know of many sites that make a transaction faster than the other and also there are many sites that make a transaction take 3-7days

Really, it's the opposite of what you and the OP said. it depends on the transaction fees. The higher the transaction fees, the faster the transaction reaches its destination. Maybe there are many factors (like what AngryDwarf have said above) that determine how fast the transaction arrives, but the most obvious factor that concerns both me and you is the fees.

When you pick an option in the blockchain wallet, when you're making a transaction, to lower the fee you'd see a notification that your transaction may be confirmed far slower or not at all if your fee is too low. So yeah, transaction speed is dependable on the amount of fee you're paying.

Lower the fee = faster confirmation, and vice versa.

the greater the fee that you spend on your transaction. the faster confirmation will you get because as you said, miner very greedy. they prioritize a large fee

I don't think so why did you say that. How small fee makes transaction faster. You know if you put high priority fee the transaction made faster, even you put a large amount of btc but if you put a large amount then you choose a low-priority to only spend small fee the confirmation will take some time. So, for me, small fee doesn't matter.

The amount of the fee depends on the amount of data used for the transaction. should if using a large fee that will speed up the transaction confirmation but if it's just slow perhaps because of the face :D. every sent bitcoin I always wear the recommended fee.

the existence of the bitcoin makes things unpredictable, originally I assume same bitcoin with paypal or payment processor. that makes me amazed is the speed of the transaction, then it is accepted throughout the world.

To be honest, bitcoin is not yet accepted throughout the world because there is still a few countries that doesn't accept bitcoin and some of them banned bitcoin from their country because of security and trust issues about bitcoin. The transaction of bitcoin as of now, is being slow because of the unsustainable network that caused by the big volume of users. And somehow you need to pay higher fees to make your transaction faster but it is still better than paypal because it doesn't support chargeback.

Currently, Bitcoin is developing, its value is rising. Its popularity has also widened, more people are aware of Bitcoin and have used it. Pulling in that, the number of Bitcoin transactions daily also increased very fast and much, which makes the transaction speed of the blocks slow. If the fee transaction is expensive, the rate will be faster and if the charge is low or there is no charge it will take a long time to complete a transaction. If you set a transaction fee of you is 1000sts I think that all your transactions will have to wait a long time to complete. You should set a higher charge, your transaction speed would be improved and you would not have to wait for it long

No, this is completely paradoxical. For bitcoin and many other currencies, we make bitcoin deals and we pay a small fee for it, and depending on the fees we charge The speed of the transaction will change. And of course, if you want to make transactions happen quickly, you should make a reasonable fee, and keep in mind that the higher the fee, the faster the speed, which is certainly, than what you say. It is paradoxical.

I agree with you, bitcoin is not yet accepted by some other countries, maybe we can see that every country there were users of bitcoin yet not yet accepted by their country and some banned it. But this has nothing to do with transaction fee or transaction speed.  If you compare bitcoin with paypal, Bitcoin is far far better as compared to paypal in terms of fee and  speed.

Exactly, it is the same with everything.
The bigger bounty you give for completing some task, the bigger chance you have that someone will do it faster.
Same thing is about mining, miners have priorities of the transaction with the highest fee ( as a reward ), so they confirm the biggest fees transaction at the first place.
That is the reason why you may wait even for a week if you put up really small fee, because no one will want to confirm it because of the small bounty for miners.

I always prefer to put up higher fees just to have sure that my transaction will be confirmed pretty quick.

i don't think you need not to change the default fees settings in your wallets. Normally default setting fees would be 0.0004 to 0.0005 btc for a single transaction and it will get confirmed within 30 to 40 minutes.
therefore, use the above mentioned fees while your doing little transactions and if you wish to get transacted lesser than these time you could for high fees.

Well it doesn't matter that much in that sense but if you look at it this way: If I were to buy a coffee at some coffee place and usually the cost is around 80rsd, thats about 0.7$ and if I were to pay with blockchain with a standard fee that they take I'd be paying 30% and I don't think thats that good for the bitcoin, that's why there should be some lower fees for that kind of transactions.

Using common sense miner fees are like the bidding for an item. The one who will have the highest bid will receive the item and so in terms of bitcoin transaction the one with the highest fee will receive the highest priority and will be the first one to be catered. Even in bitcoin industry there are the so called VIP and we cannot deny it since bitcoin means business and in business there are always fees.

Using that small of a fee will make your transaction to take forever to get confirmed, but if that is what you can afford or if you refuse to get on the train of the ever raising fees that the miners seems to want to put us through then good for you.

Even with what people would call a "large" transaction fee (running somewhere close to about $0.90CAD or what would be about $0.80USD) it's not a bad fee if you want something to get somewhere quickly. Sure, it isn't a good fee and it is kind of expensive compared to other payment mediums, but considering it is still under $1 I don't think that's terrible for the convenience of speed. It would be nice if we could have the same speed and have it lower, but that won't happen till the blocks are fixed, however they may be.

nowadays every block of hashes (where transactions are being stored and being delivered to a random miner for verification) , every blocks size is atleast 2mb which is huge when transaction something from one side of the world to another side. Transaction fees matters mostly but if we do bulk transactions (multiple sending at once with a bigger fees) then i guess we can get faster transactions easily

when i use small fee i need to wait 2-3 days for Transaction confirmed and i hate that :v !

It is the the situation of competition or we can say the demand as people often pay high fees because they want to be first to be confirmed they want to be in the first in the line for confirmation while those who pay low fees are far below from other for confirmation.

I think that you writed wrong I think that when fee is bigger than then you will get your money faster in your bitcoin wallet so less fee slowlier transaction and bigger fee transaction is faster.

Fee bit more feasible to make the transaction faster, but my opinion on this is wrong, because all transactions are processed with the same treatment even though there is a priority for some transactions. If MemPool flood, then the fee will have no effect at all, so that any fees will not affect anything when MemPool full.

not forever but few days, or the network will reject it for you and give you chance to increase the fee, bitcoin is now expensive.

I have been sporting bitcoin ever since I met with it for the first time. But now, I have to admit that I use ETH more for daily use in order to pay less transaction fee.

For me no fee doesnt make the transaction faster or reverse i think it just take time making a confirmation in the transactions.
Maybe it depend in what bitcoin wallet you are using and there system the transaction depend on them when it connect in blockchain.
Taking an hour receiving transactions are just normal so better just be patient.

Transaction fee and confirmed tx are clear matter. Your opinion only works if all of the people who sending bitcoin agreed to use small amount of fee, but it won't be happen as people want their transaction get confirmed as fast as possible.
Yes, small byte fee may not burden the block but a fee calculate based on total size of a transaction, miner will choose to process some transaction which has bigger fees obviously.

You have mistaken, the fee that you put up on your transactions determines how fast your  bitcoins will get confirmed.
It is because the "mining fee" is a reward for people, who are confirming your transactions, obviously not for free.
You can get confirmations even very quick, but you need to spend some money for that, because last months, the commision for miners is pretty high.

For example, you may put up 0.002 fee on 0.3 transaction ( one input ), which will result that the money sent by you are going to be confirmed very fast.
I recommend you using https://bitcoinfees.21.co/ website.

It also seems that if your Bitcoin address has several deposits, it takes a higher fees to cosolidate and send to another address. There are apparently a few reasons why fees can be larger. Regardless, the fees aren't huge yet, but they seem to be getting bigger.

It was hyperbole, but I get your point, if we don’t have any rush for our transaction to be confirmed by the miners then we can add a minimum fee and be happy when it goes through but if wee want fast confirmation because we need the money to arrive at its destination as fast as possible then a good fee is necessary for that.

*facepalm*Is this real ? I feel bad even replying. Why are you saying things like this ?You are almost a full member and you say things like this ? What you are saying is the same as saying that if I put more fuel in my car i will go further because its lighter....

Much logic.

The fees are getting larger without any doubt and with the increase in fees micro transactions are not possible with bitcoin and if the trend continues like this there will be a time when the transactions fees will be so huge that it will drive people away from bitcoin and you need to have a solution to counter the problem.

More people are now using bitcoin, and with that many transactions are made everyday. As we all know the price are really high and small amount transactions are inevitable. But it always make a traffic in the network, so it is better to send a bitcoin with multiple receivers so the traffic can be minimized. I think it is goid if we can avoid transacting small amounts.

Well it is true that there is no fee that makes the transaction faster, it is fast as it is but the problem is the confirmation time.  You know, people who make transaction, "bid" so that miners will pick their transaction first to be confirmed.  Now there is where fee comes in.  Higher fee will  attract miners to accept your transaction to be included on the mined block.


Definitely this is wrong.



And an hour of receiving transaction is not normal, transaction is instant and even confirmation should not go beyond an hour to be confirmed.

Yes, if fees go high and higher than for smaller transactions people may find some other potential alt-coins because there is no meaning in providing such a high prices for smaller amounts. But if you're sending big amounts then still current fees are not that high. Bitcoins are no more suitable for micro transactions.