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Author Topic: *** BITCOIN FEES - Stop paying overpriced STUPID fees to greedy miners!! ***  (Read 1132 times)
coinspam
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September 12, 2017, 11:10:31 AM
 #41


The hardware wallets from Trezor and Ledger are the only ones I know of that have fully implemented segwit. All the others are at "coming soon" stage. That's why I don't think segwit has anything to do with the low transaction fees at the moment. It looks like a combination of the spammers have given up trying to slow the network down and the disruption of miners going off to mine Bitcoin Cash is over for the time being.

If you send BTC to a Trezor or Ledger, are all receiving addresses Segwit addresses or do you need to do something special to make it on a Segwit address?
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September 12, 2017, 11:46:05 AM
 #42


The hardware wallets from Trezor and Ledger are the only ones I know of that have fully implemented segwit. All the others are at "coming soon" stage. That's why I don't think segwit has anything to do with the low transaction fees at the moment. It looks like a combination of the spammers have given up trying to slow the network down and the disruption of miners going off to mine Bitcoin Cash is over for the time being.

If you send BTC to a Trezor or Ledger, are all receiving addresses Segwit addresses or do you need to do something special to make it on a Segwit address?

I don't have either so I'm not sure. they're just the only ones I've seen advertising that they support it. I believe it requires a firmware upgrade in old wallets. Personally, I use Electrum so I'm waiting for the version of that to come out so I can see how it all work.

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September 12, 2017, 12:11:31 PM
 #43

i use exchanger fee and it is fixed 0.0006 BTC, never get problem with that because miner help us. if no miner how we can send our coins ?

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jekjekman
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September 12, 2017, 01:20:08 PM
 #44

I don't get why lots of people are pay ridiculous overpriced fees when sending Bitcoin to those greedy ass miners! I've been experimenting with my wallet and reducing the fees each time and have been sending at 0.00005BTC/kilobyte. It only cost me $0.05 (5 cents) to send and I got 4 confirmations in 5 minutes! Anyone paying more than this is a complete idiot. I'm sure that I could even maybe do it at 0.00001BTC/kilobyte and it would get all confirmed within 20mins.

Anyway, let's discuss what is the fees you are paying when sending. What's the minimum fees you've tried?

It is not the miners to blame with this situation of bitcoin transactions right now because they have nothing to do with the price of transactions fees as they are just making the job for the network to function, it is the spammers of transactions that is the main culprit behind this increase of fees.

I just sent a transaction of mine earlier this day and I just paid less a dollar worth of bitcoin for the next 25 blocks so it is depends in you in how much faster you want to send your transactions, let's just hope that it will be all back to the good old days when segwit is fully functional with bitcoin.
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September 12, 2017, 02:01:18 PM
 #45

sometimes I must pay 5$ per transaction. 5$ for only 1 transaction. this is high fee in crypto world

no, what it is is meaningless in crypto world or more precisely it is meaningless to report fee in dollar value.
because first we are using bitcoin not dollar
second fee is not a fixed thing per transaction. instead bitcoin fees are an amount based on size. which is why you must report fee/Byte.

in fact $5 may very well be the tiniest fee possible you paid if your transaction size was huge with lots of inputs.

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