This thread is more like:  |
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Have a heart for the poor miners.
edit 20sat/b is way too low.
20 sats/byte is probably too low, but has it reached that stage yet? No. I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees. Not sure what you are trying to get at here, honestly. it seems like OP is mostly trolling. fees are not 20 and they are not 450 either. it is somewhere in between most of the time around 120 s/b to get a high priority (get a confirmation within next couple of blocks) and during the times when mempool goes towards the moon it becomes more expensive temporarily. of course 20 s/B or even 1-2 s/B transactions can also be confirmed but you can't rely on that specially if you want to get the coins fast like when depositing to an exchange to make a trade, you can't wait half a day or longer! There might be a little trolling and clickbait in my title, but I think it's the accurate answer to all the 'Fees are too high' shills. |
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Have a heart for the poor miners.
edit 20sat/b is way too low.
20 sats/byte is probably too low, but has it reached that stage yet? No. I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees. Not sure what you are trying to get at here, honestly. You can send any amount for a 20sat/b and it will get confirmed. If you pay more, it's not Bitcoins fault, but mostly the wrong wallet, that forces you to pay more. |
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Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.
What would YOU call 20sat/b? High or Low? |
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Some says it is too high and some says it is too low. I am confused.
If it is "too low" (unprofitable) then it won't get done. If it is "too high" then someone will do it for less. Bitcoin is full of incentives and disincentives that keep the transaction price trending toward the lowest profitable value. Of course at any one moment it may be higher or lower than the optimal value. Are you saying, that Bitcoin is working normally and will continue to do so? Phew... |
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I like this thread  Once in a few days someone comes crying with a "fees are killing bitcoin" thread. "listen up folks, switch to BCC because BTC is going to die soon. It's going to crash if fees keep rising! Sell now before it's too late!"  Nice job trolling them OP  You're welcome!  |
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Have a heart for the poor miners.
edit 20sat/b is way too low.
they are 420 satoshis/byte, where do you get 20 sat from? they are still very high, but it's because segwit is not used i think, otherwise should be lower transactions with fees as low as 20 satoshi/Byte are being confirmed actually. as a matter of fact i was going to say the same thing but checked a couple of last blocks that were mined (mostly the BitFury blocks though) had many transactions with such low fees. they surely will take a longer time though since the mempool is filled with transactions with much higher fees according to bitcoinfees.21.co I never paid 420sat/b. Only exception is on 20th of April. I always pay 20-30sat/b and I don't mind if it takes 10-60 Minutes. Yesterday I had a transaction, I've started from a mobile wallet (Mycellium). In that mobile wallet, I cannot set a fee, only choose from a drop down list if I want priority, normal, economy or lowest... I've choosen the lowest, and it has set 285 sat/B fee for the transaction. It turned out that it was a higher fee at that time because I had 3 or 4 confirmations in half an hour time and in 2-3 hours I got fully confirmed. That time mempool was full with under 20 sat/B transactions. The confirmation speed is increased, some times if you pay a normal fee you will receive your bitcoins within few hours. But sometimes it will take a long time it maybe 2 or 3 days. I tried with 20k - 60k. But really confused how the blockchain will work. I tried to withdraw my coins with paying 60k it took exactly 24 hours to deliver my bitcoins the exact reason I don't know. It's the wallet that sucks, not Bitcoin. |
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This is the frustration about Bitcoin, as the price of the bitcoin increases so do its' transaction fees. It is pain in the ass to transfer bitcoin almost 1-2$ fee is needed to transact. I can buy something might be useful. Hopefully in the future the transaction price will drop to decimals
This is a lie! |
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how much worth
It depends on the account and it depends on who is making the buy/sell decision. For example, any account that you might be selling will never be worth more than 0.00000001 BTC to me if I am buying it. However, my account is worth more than 20999999.9769 BTC to me if I am selling it. Stop trolling, Danny, willya. OP you can buy my account for practically nothing: 150 BTC and you are a legend. |
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Have a heart for the poor miners.
edit 20sat/b is way too low.
they are 420 satoshis/byte, where do you get 20 sat from? they are still very high, but it's because segwit is not used i think, otherwise should be lower transactions with fees as low as 20 satoshi/Byte are being confirmed actually. as a matter of fact i was going to say the same thing but checked a couple of last blocks that were mined (mostly the BitFury blocks though) had many transactions with such low fees. they surely will take a longer time though since the mempool is filled with transactions with much higher fees according to bitcoinfees.21.co I never paid 420sat/b. Only exception is on 20th of April. I always pay 20-30sat/b and I don't mind if it takes 10-60 Minutes. |
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BTC transaction fees are consider high personally to me as long as micro-payment is not possible.
Considered? You have a proof to your statement or not? Did you do a transaction and tried a low fee or are you just sig spamming and have no clue wtf you are talking about? You sound like you are looking for a fight rather than having a fruitful discussion. I say this not only to just your reply to mine but the rest too. I can say the same for you too by the way, it's not like you are not putting on a signature. But to entertain you.. try sending $2 across and receive it (hopefully there's still "it") in less than 5 mins. Have fun! Bitcoin is not made to send money in 5 minutes. Don't you know about the 10 Minutes blocktime? |
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BTC transaction fees are consider high personally to me as long as micro-payment is not possible.
Considered? You have a proof to your statement or not? Did you do a transaction and tried a low fee or are you just sig spamming and have no clue wtf are you talking about? |
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Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.
Do you think 20sat/b is high??? |
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Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.
proof? |
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Fees are too low. 20sat/b is ridiculous.
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Have a heart for the poor miners.
edit 20sat/b is way too low.
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Damn. Bitcoin has been hacked again! Does that mean, that my brainwallet has been hacked too? 12AKRNHpFhDSBDD9rSn74VAzZSL3774PxQ
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No. He wants to dump Bitcoin NOW!!!!! Hell will break out and price will drop to 1 cent.
You will soon be able to mine Bitcoins with a Intel Pentium 2r
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Yes, because .... digital currency already did replace paper money. Now go and buy Bitcoin!
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Bittrex will not give you this private key, because the money is not yours, but it is in a wallet of Bittrex, where they have the private key. If you transfer it to your own wallet, you wil have a private key and the money is truly yours.
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