graphicx
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December 24, 2015, 11:28:50 AM |
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Maybe they decided they want to make some more money off of this and put up this fee ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) maybe because they lost quite a lot few months ago when their servers were down and they were maintaining
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ranochigo
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December 24, 2015, 11:32:22 AM |
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Maybe they decided they want to make some more money off of this and put up this fee ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Assuming OP is talking about Blockchain.info, they do not take any cut off the TX fee.
The main reason for this increase is due to the transaction volume right now: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2F213.165.91.169%2Fpic%2Fmempool24h_v2.png&t=665&c=AD3ocgzVUYYEBg) [1]. Block halving is likely to have next to no effect on transaction fees. Miners would still be including TXes that have lower fees to maximize revenue and not the other way round. [1] Shorena's node.
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Kprawn
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December 24, 2015, 11:33:21 AM |
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Many new users get there first bitcoins in microtransactions from faucets and such and a big point of this is so they can send some BTC around and get a feel for how it works.
This is quite detrimental to this, these newcomers are going to see high % fees on there transactions like this and be turned off to the whole BTC environment due to this. I really think all this transactions fees raising stuff is going to hurt new user adoption, there must be a better way..
They should switch over to faucets supported by Xapo and they will have "zero" fees. They should not collect a lot of "dust" directly from faucets via the Blockchain in any way, because these "dust" transactions gets absorbed by the higher fees. The Xapo supported faucets accumulate NO dust, because it's done "off-chain" and once enough is collected via Xapo, it can be moved "on-chain" onto the Blockchain.
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Amph
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December 24, 2015, 11:46:11 AM |
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don't use the default fee i can play with 1k fee for small amount up to 0.15, then you need probably 10k
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ranochigo
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December 24, 2015, 12:00:27 PM |
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don't use the default fee i can play with 1k fee for small amount up to 0.15, then you need probably 10k
It depends on the transaction size. Large transaction size would require a higher fee. Large amount does not equate to the need of an increased fee. You can even send some without fee. 1k satoshi wouldn't really work with the current volume and most nodes have their minimum relay fee set to 0.00005BTC/kb and it won't proporgate well.
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Amph
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December 24, 2015, 12:31:52 PM Last edit: December 24, 2015, 01:02:35 PM by Amph |
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don't use the default fee i can play with 1k fee for small amount up to 0.15, then you need probably 10k
It depends on the transaction size. Large transaction size would require a higher fee. Large amount does not equate to the need of an increased fee. You can even send some without fee. 1k satoshi wouldn't really work with the current volume and most nodes have their minimum relay fee set to 0.00005BTC/kb and it won't proporgate well. i'm actually using 1k satoshi since many days already, i've just sent some small transaction(0.01-0.05) using this kind of fee, and all went good no big delay
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helloeverybody
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December 24, 2015, 12:34:20 PM |
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don't use the default fee i can play with 1k fee for small amount up to 0.15, then you need probably 10k
Any idea what myceliums different fees are? i use default which i assumed was 10k but it doesnt actually say.
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ranochigo
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December 24, 2015, 12:39:48 PM |
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don't use the default fee i can play with 1k fee for small amount up to 0.15, then you need probably 10k
Any idea what myceliums different fees are? i use default which i assumed was 10k but it doesnt actually say. Mycelium has a variable fee which is adjusted using the data from the mempool. It has low priority, economic, normal, priority. The higher you go, the more fees you have to pay. The amount of fees will only show when the amount is specified. Only then will the client be able to know how big your transaction would be. Edit: I usually use normal and it confirms fine. *Note: Mycelium or any other application are usually unable to accurately give the transaction fee to use since miners can specify which transactions to include or exclude.
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erikalui
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December 24, 2015, 06:44:53 PM |
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I just sent BTC from my Blockchain wallet and the fee is 0.0001 BTC as before. How were others charged 0.0002? I received transactions also and the fee was the same as before. You can adjust the fee also I guess in Blockchain else Xapo is the best.
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coinzat
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December 24, 2015, 07:15:00 PM |
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Some days ago, I read on r/bitcoin subredit that the paid fees per block are increasing rapidly. As the block size is limited and the transactions number is increasing too So if you want you're transaction to be confirmed by the miners you have to pay.
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Mikestang
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December 24, 2015, 07:22:57 PM |
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It's not just blockchain, I use bitcoin core for my wallet and fees have gone up dramatically with each new version. I send the same amount to my investment account periodically and the tx fee for that has increased 10x since earlier this year. This biggest jump came from the "stress test"/low tx fee spam attack a while back.
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tn211
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December 24, 2015, 11:07:00 PM |
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Blockchain is a free site with so much spend on security usability etc. How can such a transaction fee not be fair? Did you know much exchanges charge double transactions fees?
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roadbits
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December 25, 2015, 12:03:19 AM |
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Some days ago, I read on r/bitcoin subredit that the paid fees per block are increasing rapidly. As the block size is limited and the transactions number is increasing too So if you want you're transaction to be confirmed by the miners you have to pay.
Off-course miners also want to utilize these demand increase for bitcoins so pay more fee than your transaction confirms faster. But still some people are saying that transactions done with old fee without any delay in there transaction. I use XAPO for my daily transactions so I don't this is an issue for me because there no transaction fee in XAPO online wallet. I just keep less than 1 BTC in XAPO account for my regular transaction and rest of them in other wallets.
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teddy5145
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December 25, 2015, 12:29:21 PM |
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Some days ago, I read on r/bitcoin subredit that the paid fees per block are increasing rapidly. As the block size is limited and the transactions number is increasing too So if you want you're transaction to be confirmed by the miners you have to pay.
Well that sucks ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) But i think when our transactions isn't that important we can just use as little fee as possible an wait patiently for it to arrive ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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lumeire
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December 25, 2015, 12:38:32 PM |
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Some days ago, I read on r/bitcoin subredit that the paid fees per block are increasing rapidly. As the block size is limited and the transactions number is increasing too So if you want you're transaction to be confirmed by the miners you have to pay.
Well that sucks ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) But i think when our transactions isn't that important we can just use as little fee as possible an wait patiently for it to arrive ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Unless we're dealing with micro-transactions I don't see anything wrong with having to double the fees to speed up the sending. Although, the network should deal with this transactions/second issue asap.
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worhiper_-_
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December 25, 2015, 12:42:42 PM |
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Welp, that's what happens when the blockchain gets stressed with many transactions per second. Sadly bitcoin can not handle large volumes of transactions but what we're seeing now is the fee market in action handling that issue effectively. It times of stress spammers are charged more and more as they push things.
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ThunderThomas
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December 25, 2015, 04:18:00 PM |
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Welp, that's what happens when the blockchain gets stressed with many transactions per second. Sadly bitcoin can not handle large volumes of transactions but what we're seeing now is the fee market in action handling that issue effectively. It times of stress spammers are charged more and more as they push things.
An incraese is never good, but if we can hold of spammers this, then sure no problem with an extra fee. Remember it's just 4 cent extra. That's nothing compared to the fact we hold of spammers or a bigger part of spam transactions.
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redsn0w
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December 25, 2015, 04:33:40 PM |
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Right now, the estimate fee :
- 0.00044332 BTC 1 block - 0.00022647 BTC 2 blocks - 0.00012528 BTC 6 blocks - 0.00010451 BTC 12 blocks - 0.00007068 BTC 25 blocks
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gentlemand
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December 25, 2015, 10:22:31 PM |
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I'm usually pretty stingy with my Mycelium fees but I'm never in any hurry anyway. I've never had any type of delay. I guess the blockchain likes me.
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elite3000
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December 25, 2015, 10:49:20 PM |
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Just go to 'personalized' and do the transaction and use the old 0.0001 fee/kb. Your transactions won't be delayed
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