Blockchain is charging high fees - $0.25 for sending 1 Bitcoin transfer

[Dinki]

Run your own node and send it for free...

How much does it cost to run your own node and how do you go about doing that?

[marky89]

Run your own node and send it for free...

How much does it cost to run your own node and how do you go about doing that?

Depends on your situation. If you have a throwaway computer and some spare bandwidth, for instance, it will cost you precisely nothing. However, I don't recommend pushing transactions without fees. It could take days to get a confirmation, and it might just be dropped entirely from the network.

The fact is, reward subsidy is dropping fast, and is really all that is incentivizing miners to secure the network. Fees need to rise a lot in the future to replace the reward subsidy. Get used to it IMO. In the future, LN will probably be quite useful for these pocket change transactions.

[Hirose UK]

Blockchain?  Are you talking about blockchain.info by any chance?  Most other wallets don't "charge" fees.  You can manually set your own fees.

I think OP is talking about blockchain.info. I know it because I had sent bitcoin about a week ago, and I couldn't set the fee.

probably blockchain changed the setting or like the other said, we can set how much fee we would like to give on settings.

[beastmodeBiscuitGravy]

...LN will probably be quite useful for these pocket change transactions.

Like I said:

Patience, gentlemen. Blockstream is building out an overlay network... where we can exchange Bitcoin IOU's. Artificial scarcity is the carrot and stick that will lead us to this new, revolutionary, fully decentralised, and downside-free paradigm. Join me in patiently waiting, will you?

These earth-shaking disruptive techmologies are sometimes like this... you have to form a company... capture a protocol, then monetize it. It doesn't happen overnight... patience pls.

[Script3d]

We were using Blockchain with our site for quite a while but this has become ridiculous - they were charging around $0.04 initially for sending 1 Bitcoin transfer but now if we paid a member $1.50 for instance (worth of Bitcoins, a minimal amount) we would see a $1.75 deduction i.e. $0.25 is in fees!

That's absolutely ridiculous, yesterday it was $0.11 and now it's $0.25 - they keep on raising the fees.

Is this normal?

yes i think so do you know how to use the advance send in blockchain because that is always do to lower the fee and the unstable price of bitcoin also make it higher or lower so next time use advance send below hope this helps

[jacafbiz]

We were using Blockchain with our site for quite a while but this has become ridiculous - they were charging around $0.04 initially for sending 1 Bitcoin transfer but now if we paid a member $1.50 for instance (worth of Bitcoins, a minimal amount) we would see a $1.75 deduction i.e. $0.25 is in fees!

That's absolutely ridiculous, yesterday it was $0.11 and now it's $0.25 - they keep on raising the fees.

Is this normal?

yes i think so do you know how to use the advance send in blockchain because that is always do to lower the fee and the unstable price of bitcoin also make it higher or lower so next time use advance send below hope this helps

There is need to address increase in transaction fee, If the aim of Bitcoin is a way into Darknet market there is no need to worry, but if it is to check the excesses of Federal Government they need to find a way to reduce fee, especially for we in developing countries

[Jeremycoin]

If you think that those fees are too high for you, then why don't you just lower the fee just like what you did before ($0.11) ? And why don't you just let your members pay their own fees?

[mcjavares]

why not set your fee manually , i usually set fee for my transaction only 0.0002 BTC and never get any problem with blockchain, but risk about slow transaction is on ourself  

[marky89]

...LN will probably be quite useful for these pocket change transactions.

Like I said:

Patience, gentlemen. Blockstream is building out an overlay network... where we can exchange Bitcoin IOU's. Artificial scarcity is the carrot and stick that will lead us to this new, revolutionary, fully decentralised, and downside-free paradigm. Join me in patiently waiting, will you?

These earth-shaking disruptive techmologies are sometimes like this... you have to form a company... capture a protocol, then monetize it. It doesn't happen overnight... patience pls.

Mind explaining how that works? Because it sounds like a bizarre conspiracy theory. LN contracts are not "IOUs" -- they are trustless. No custodians. Completion of time-lock is the only pre-requisite for pushing onchain if necessary.

If you're going to bring that r/btc trash here, at least back it up...

[coynedterm]

We were using Blockchain with our site for quite a while but this has become ridiculous - they were charging around $0.04 initially for sending 1 Bitcoin transfer but now if we paid a member $1.50 for instance (worth of Bitcoins, a minimal amount) we would see a $1.75 deduction i.e. $0.25 is in fees!

That's absolutely ridiculous, yesterday it was $0.11 and now it's $0.25 - they keep on raising the fees.

Is this normal?

i think this is normal change of fee of transaction . i am seeing from 2 years that fee is increasing and decreasing when the rate of bitcoins rising and falling .

[Lauda]

Exactly. One motivation behind Bitcoin's invention was to do away with centralized payment service providers (banks). It's weird that so many people voluntarily choose centralized payment providers and then complain about them charging fees. Why can't these people use free wallet software, which is very easy?

There is practically no reason to opt for a web-wallet instead a SPV one. One could argue that they have 2FA, but that can be pretty useless depending on how your system is compromised.

I agree with this for a huge amount of 1 BTC and just getting $0.25 for fee that is very small

Bullshit. Again, the amount of Bitcoins that are being transferred is irrelevant. The same fee could have been necessary for a $1 transaction.

If you think that those fees are too high for you, then why don't you just lower the fee just like what you did before ($0.11) ?

Adding an inadequate amount as a fee for a TX will prolong its confirmation time (or could even possibly get dropped by the network eventually).

[pvaspecialist]

We were using Blockchain with our site for quite a while but this has become ridiculous - they were charging around $0.04 initially for sending 1 Bitcoin transfer but now if we paid a member $1.50 for instance (worth of Bitcoins, a minimal amount) we would see a $1.75 deduction i.e. $0.25 is in fees!

That's absolutely ridiculous, yesterday it was $0.11 and now it's $0.25 - they keep on raising the fees.

Is this normal?

Some guys misunderstanding op he said sending $1.50 worth btc Blockchain charge fees $0.25 worth btc.I don't think its normal.Most of the people not having 1000 btc and they paid $0.25 worth btc for their transaction fees.I saw some transaction fees are more than actual transferred amount of btc.this is really ridiculous  

[bitcoin-shark]

the fee is too high use an other wallet i think with coinbase are a little bit low

[bitkilo]

the fee is too high use an other wallet i think with coinbase are a little bit low

Most of the time a transactions sent with a wallet like coinbase will be carried out offline and therefore no fees are charged.
The fee also has nothing to do with the amount of btc being sent, fees are set by the transaction size.

[coinsocieties]

We were using Blockchain with our site for quite a while but this has become ridiculous - they were charging around $0.04 initially for sending 1 Bitcoin transfer but now if we paid a member $1.50 for instance (worth of Bitcoins, a minimal amount) we would see a $1.75 deduction i.e. $0.25 is in fees!

That's absolutely ridiculous, yesterday it was $0.11 and now it's $0.25 - they keep on raising the fees.

Is this normal?

Couldn't you always just run your own full node and that way you'd have full control over everything?

I am not familiar with this much, so could you please explain what you mean by running your own full node?  If you would do this, would you not need some massive computer power or such?  In any case, the fees I have seen so far are minimal compared to banking with a credit card processor or such.  Take advantage of it now while the fees are low.

[Lauda]

Some guys misunderstanding op he said sending $1.50 worth btc Blockchain charge fees $0.25 worth btc.I don't think its normal.

Bullshit. The amount of $ transacted has nothing to do with the fee that is required to be paid.

Most of the people not having 1000 btc and they paid $0.25 worth btc for their transaction fees.

No. You have no numbers to back this up, you're just posting nonsense.

the fee is too high use an other wallet i think with coinbase are a little bit low

Do not use Coinbase as your wallet. This is counter-intuitive to Bitcoin.

I am not familiar with this much, so could you please explain what you mean by running your own full node?  If you would do this, would you not need some massive computer power or such?

No. Read this: Full node.

[nindie]

every send bitcoin via blockchain.info
feen send can your setting, but is fee set in very low sending until confirm very long too

[satmas]

$0.25 as a miner fee for sending $575 worth of bitcoin?  That sounds reasonable to me, unless you mean something else.  I've paid higher fees to send less bitcoin in the past using Android wallets.  What you described doesn't sound all that high.

But $0.25 for $1.50 worth of bitcoin isn't reasonable, and that's the situation that is also outlined in the OP.

[Get-Paid.com]

You need to go to Login to your blockchain, goto the Advance Send option and enter a Transaction Fee in the text box (in your case, you can enter 0.0001 BTC). It will show a pop up screen for you to confirm. This you can do everytime you are sending bitcoins using blockchain and decide your fee accordingly.

Your comment is very useful, thank you! 

[Get-Paid.com]

Op if you are that concerned about high transaction fee of bitcoin transaction and don't mind using online wallet then why don't you switch to Xapo Wallet?
They main feature is fee-less transaction system, they will basically pay all of your fees. But you give up your privacy in return.
I imagine the same goes for Coinbase Wallet they will pay for your fee as well.
But be warned, if these services find that your coins are used in 'fraudulent' way (according to their ToS it could be gambling for example) they will freeze your account.

Why use wallets like Payza?!
We use Payza but keep around $1 - $10 in the balance with them simply because we don't trust them.
Blockchain is fine, just see our comment above - erikalui's suggestion is very useful and relates exactly to what we were referring to.