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@Hhampuz thanks so much for making this happen. Guys like you making the effort help continue to make collecting fun for the rest of us.
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Hey all would like anyone that uses electrum wallet or similar wallet to give me advice on this.
Do most people send btc within the 10 blocks as recommended by electrum? Sending that cost around 13 dollars. But if you do 25 blocks, its about 7. Is that much faster 10 blocks than 25?
Also im not going to do this but you could still change the btc sending fees? For example i went to preferences and unchecked dynamic fees. It shows the max static fee as 0.003 btc/kb and checked.
When i unchecked it and then went to send option to see how much the fees are, assuming you put 0.02 btc to send and move the scrollbar all the way to the left, its only a bit more than 1 dollar to send. It shows as 0.0003btc/kb which is around 1.14 only. But when you move it to the right a bit when its no longer low fee and says fixed rate 0.0012btc/kb and says within 25 blocks, the fees are about 4.50. Then when you keep scrolling to the right and say within 25 blocks, it would say 0.0015btc/kb etc and it would go higher 1 dollar and then 2 etc. Then when it gets to within 10 block and 0.0027 btc, its about 10 dollars.
So basically dynamic fees should always be checked or not? Or only if you need the btc to be sent pretty quickly? And it should be kept at 0.003btc/kb or could you change it to 0.002 or 0.001btc/kb?
So you could still send with essentially the low fee of a bit more than 1 dollar but its a low fee send. That will take about how long?
But if you do the within 25 blocks and 7 dollars without changing dynamic fees, is that still okay?
I was used to back then sending btc for under 50 cents back then. Can someone tell me what is the best value to send btc in terms of price and speed? Thus if you send with low fee, don't expect it to hit the other wallet for a few days or so? But if you do 25 blocks, should be same day but not hours? If you do 10 blocks, probably much quicker?
Like if im trying to move my btc from a wallet to a site but i dont need it to get there quickly, would you say its mine to use a very low fee or not? But if you want it pretty fast, either do 10 blocks for 13 dollars or 25 blocks for 7 dollars?
If I want to send fast and cheap I use litecoin. When I am sending bitcoin I don't cheap out on fees. Recommendations for Electrum: - use change addresses
- coin selection priority and dynamic fees
- spend only confirmed coins
- propose replace by fee always
- set the fee slider all the way to the right (maximum)
As long as you always use replace by fee you can experiment with moving the fee slider a step to the left (cheaper) and always bump the fee up if confirmation is taking too long. |
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The chainanalysis companies are not going to give away their methods no way. It is an open secret that mixers no longer work.
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The majority of problem auctions come from either newbie sellers or buyers should something be done about this?
the problem is what can be done, we run the risk of discriminating new users, it is a problem we have all ways faced here as the whole point of bitcoin is its true value is in its anonymity, so there has to be some trust, but to not trust two of the most trusted members on here is a little silly, but hey, its their choice, I struggle to believe that someone holding a 2011 cas coin with holo error (and knew what it was) did not know how an escrow worked, so I was ok to pull out. If it were up to me I would prohibit newbies from bidding in auctions. Not my decision though. I can tell you for certain if I put up an auction I will disallow bidding from new accounts too great a chance of shilling or non-payment. |
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I have never seen so much bad information in a thread. If you don't own your private keys offline your bitcoin can be stolen. Blockchain.info is probably the worst damn wallet out there because it sets fees too low. We get more frantic requests for help with stuck transactions from blockchain.info than any other wallet. But go ahead, use whatever POS wallet you want just don't beg for help when you have problems.
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This question seems to get asked every week. Get a hardware wallet, either a Nano S or Trezor. Trezors are not delicate I have an original from 2014 that still works fine.
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The majority of problem auctions come from either newbie sellers or buyers should something be done about this?
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I made up some t-shirts for Xmas gifts for some friends with the logo. Quick processing, did not use vector graphics in Illustrator, next run would look much better if I decided to go for quantity.  |
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I guess this is why some people prefer bitcoin cash over bitcoin. The fees are ridiculous and transaction times are way too slow but the growth has been unprecedented it needs time to take a breather i think. Bitcoin cash and Dash will likely benefit if Bitcoin issues aren't fixed soon!
It will be fixed. They are working on lightning network now. It has the biggest group of developers of all coins, and they will have an advantage over other coins. Does anybody knows when the lighning network will be operational. Im really annoyed with these ridiculous fees and the slow transactions. For sending between my exchange accounts i even use another coin to cut cost. Getting closer not there yet watch https://youtu.be/a73Gz3Tvx3k should lift your spirits:) Also visit https://github.com/ACINQ/eclair/releases |
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Now if you want to send under 1 dollar, it cost 12 dollars. When is this issue getting fixed? Who in their right mind would send btc for small amounts when even the fee is that much? Its like paying 12 dollars for something you want to buy that is 1 dollar?
If you're going to use segwit and with the coming of LN , have patience. Nothing you can do about. Who in their right mind would send btc for small amounts when even the fee is that much?
Nobody. Its like paying 12 dollars for something you want to buy that is 1 dollar?
Again, if you really want to buy something worth 1 dollar use paypal or a credit card right now. I won't say altcoins because less than 15 of merchants accept altcoins. The thing is that you pay for a space not for value. You pay 12$ for both 10$ or 10millions $ (assuming same number of inputs). So with no space and more demand... higher fees. I agree with this. Litecoin is a very good choice even at this price. I think it will be around 2-3 000 USD next year.
And to all others saying LTC With LN litecoin will become useless Perhaps but LN is nowhere close to finished so LTC is proving itself the best option until then if you need to transfer under a few hundred dollars quickly and for less than a dollar. |
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Have you checked out the price of litecoin recently? It is now no. 3 in exchange volume behind bitcoin and ether because transactions fees are cheap. A $25 bitcoin transaction fee is only 25 cents using litecoin. Whenever I have to send a payment I try to use litecoin if possible until LN is working.
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Just to confirm is this hardback or paperback? Original, not revised edition without holos applied? Thanks!
Its paperback, first edition from Elianite without holos applied. Theres only one holo in front cover. Thanks! The signatures have no celebrity value and are not known outside crypto circles. Not an easy sell at the price you are asking but good luck with the sale. |
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The problem is so bad people decided to use litecoin to transfer value instead to the point where litecoin is down on Coinbase.
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You do realize you are going to need to provide significant proof before anyone buys from a new account with one post right? And escrow is a must here.
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It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like. Last week I've sent 0.1 BTC to a friend, had to send 0.101 (0.001 fee) to have a chance that transaction will go through in reasonable time. 0.001 BTC = $15, and that was last week, this week situation with mempool is even worse, doubt that transaction will be confirmed without 0.002 fee. If anyone is going to send crypto between exchanges a lot in next period, he may need a coin with fast and low fee transactions and with decent volume so quick market buys/sells won't disturb the price, or they may kiss arbitraging opportunities goodbye. LTC fits the description, and this is also a reason someone is going to pay 6% premium on damned Tether. Moving BTC between exchanges for arbitraging has become mission impossible, and everyone agreed here that arbitraging will be the major force which will spill the futures price into BTC price, so people who are preparing for futures volatility action are probably doing it seriously with decent amounts of LTC and Tether on each exchange.
There is no cure for this situation except Lightning network, and I only hope that developers are aware of this and will deliver working version as soon as possible.
That's too much pain, you need to learn about transaction acceleration => https://pool.viabtc.com/tools/txaccelerator/Sorry to be a downer but the free viabtc txacclerator is basically useless because they only permit a few free accelerations per hour. If you open an account at pool.viabtc.com and spend some bitcoin for S9 cloud hash you will be given a quantity of accelerations you may use. At least that was the way it worked last year. |
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Ok, Litecoin has just surpassed bitcoin for the 24 hour total dollar volume on worldcoinindex.com
We are officially fucking nuts.
People are tired of $20 transaction fees and vendors of stuck bitcoin transactions. Average litecoin fee is under 50 cents. If I were selling on the marketplace I would be accepting litecoin only right now until LN is working well. |
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Food for thought: you are going to see vendors start switching from taking bitcoin to litecoin. The average fee today for a bitcoin transaction was $21. For litecoin 27 cents. Vendors are getting stuck bitcoin transactions and are no longer willing to deal with it. Why do you think the price of litecoin is going through the roof?
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