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Author Topic: The fees are crazy, 420 satoshis/byte, WHY?  (Read 5417 times)
TrumpD
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May 28, 2017, 02:49:50 PM
 #121

The past week, I sent a small amount of bitcoins 0.015, and I was made to pay almost $7 fees for it. I often wonder if the fees will come down soon and I sincerely hope so.I paid the fee suggested to me by the wallet, if  I had set it lower, I ran the risk of the transaction taking forever to confirm. One of the major  attractions of bitcoins is its low transaction fees. If fees keep increasing, I wonder how much bitcoins will become unspendable?
GXHPP
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May 29, 2017, 02:57:59 AM
 #122

These fees are set by us in the end, the users of the network trying to hop on each other to get confirmed as soon as possible, Of course it's high and should be reduced and network stress relieved. However I don't agree to a change that can damage BTC much or any forking etc...
ScorpionKing
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May 29, 2017, 05:15:20 AM
 #123

This fee issue showed a very good side of the miners, greedy to no end. However on the other hand, someone like ViaBTC is definitely a good addition to the BTC worth, sacrificing possible additional bitcents each block to confirm TX's stuck in limbo for a while.
szpalata
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May 29, 2017, 07:16:10 AM
 #124

soon a btc transaction will be more expensive than a bank transfer if this goes on,  Huh Huh

I hope it will be solved before we get there but let's also not speak badly about it as there are newbies who might not want to be a part anymore if we publish all these negative news on Bitcoin. It's sad to see these high prices per transaction but at least we know this wasn't the case two years back so let's hope it is resolved in time by whatever solution that may come up.
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