Who to blame for the increasing transaction fee?

[sir.humus]

Fees will continue to increase.
For a "fee market" to evolve, there needs to be demand and suppliers. But there is only a fixed supply.
If fees get high, there's no way for miners to say, "Oh fees are high, we should mine more blocks or larger blocks to capture these fees". So fees continue to increase because demand is just slightly higher than capacity.
Anyone who has ever used the phrase "fee market" with respect to a fixed block size has no grasp of what is and will occur.

[d5000]

"To blame" are all the maximalists that are unable to dialogue with people with other opinions.

If Bitcoin Core and Unlimited fanboys could reach an agreement (e.g. a conservative block size increase in exchange for segwit adoption by the large pools) then we hadn't all these problems, the Lightning lovers could develop and test their (surely interesting) network, the ordinary users still would benefit from relatively cheap onchain transactions and we all were happy. Yeah, I know I'm a delusional hippie

[franky1]

"To blame" are all the maximalists that are unable to dialogue with people with other opinions.

If Bitcoin Core and Unlimited fanboys could reach an agreement (e.g. a conservative block size increase in exchange for segwit adoption by the large pools) then we hadn't all these problems, the Lightning lovers could develop and test their (surely interesting) network, the ordinary users still would benefit from relatively cheap onchain transactions and we all were happy. Yeah, I know I'm a delusional hippie

stop making this a king vs king
firstly the community had a roundtable at 2015 where 2mb was the compromise even those everyone including core said 8mb was still bandwidth safe.
core however back peddled and denied to offer real 2mb onchain, denied natural dynamic scaling. and instead insisted that the community needed core to dictate terms and spoonfed out the features.

if you ever see someone talk about "conservative" (the new 2016-2017 core promotional buzzword) )they are not talking about protecting or strengthening bitcoin. they are talking about
conning to serve private representatives...
anyone living in england knows how "conservatives" run things. selling out our countries assets to the highest bidder to let it be run by private companies

if anyone spots someone using the term conservative as if they are defending blockstreams paid devs reason to halt natral growth. you know that the promoter is just reading a script.
last years buzzword was "ad-hom troll"

[topesis]

I would blame those party the developers and the miners, the issue of scaling shouldn't have been degenerate into this state now, I see the fight has turned to personal issue and ego. I just hope they would come up with amicable solution soon.

[marcoman22]

We all know that recently, a huge backlog of transaction of at least 50,000 at any point of time.
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.

Is this the miners fault alone? Who do you think need to step up  to stop this madness
of increasing transaction fees?

What's your thought about it?

Its all occuring due to the limited block size and increased transactions.This issue of increasing the block size has to be solved between westerners and chinese miners.Bitcoin has progressed today very big and transactions have increased high in number and we have to believe , still only 7 transactions are performed each second. Its terribly low for such a big growing bitcoin community.When there are lots of transactions waiting, priority is only given to transactions which offer high fees.Its not good for bitcoin progress.

[ImHash]

Most of the blocks are full 990.11 999.12 and so on but there are some blocks with the size of 0.25 can someone first tell me how is this possible?
https://blockchain.info/block/0000000000000000000a6acdd3ea35adda1db8c45bd2fe753d09401500e15ef7

[Amph]

well since the whole increase in fee is because otherwise there would be even more spam, i would blame the spammers, in fact if it was not for them miners have no real reason to increase the fee even if the block is full

and miners right now don't need such a high fee for additional income, their bock reward and bitcoin value is more than enough for them to maintain the network

[Sundark]

Fees will continue to increase.
For a "fee market" to evolve, there needs to be demand and suppliers. But there is only a fixed supply.
If fees get high, there's no way for miners to say, "Oh fees are high, we should mine more blocks or larger blocks to capture these fees". So fees continue to increase because demand is just slightly higher than capacity.
Anyone who has ever used the phrase "fee market" with respect to a fixed block size has no grasp of what is and will occur.

As you said, you can compare using bitcoin to being part of a free market. It's not like bitcoin is the only crypto we have.
So what will stop users from finding a better cryptocurrency? They will leave bitcoin with its high fees and miners will taste their own medicine.
That is how free market works.

[20kevin20]

There is nobody to blame for that, lol. We can "blame" the transactions because they keep growing and that makes more transactions be forced in one block, so there is the need of the transaction fees.

[sportis]

Most of the blocks are full 990.11 999.12 and so on but there are some blocks with the size of 0.25 can someone first tell me how is this possible?
https://blockchain.info/block/0000000000000000000a6acdd3ea35adda1db8c45bd2fe753d09401500e15ef7

If i am not mistaken this is an empty block. It's not really empty because has one transaction which is the mining reward, nowadays 12.5 btc https://bitcointalk.org/index.php?topic=1085800.0. That means in this block only the coinbase transaction is included. It depends from the mining pools because there are miners who don't mine empty blocks https://bitcoinmagazine.com/articles/why-do-some-bitcoin-mining-pools-mine-empty-blocks-1468337739/. On the other side imo all of us we belong in bitcoin ecosystem, more or less, we are responsible because of the increased fees. Not only devs and miners but simple users we could force in order to find a viable solution with high fees.

[olushakes]

For me who is just an ordinary user without any ability to understand the technicalities surrounding bitcoin. I say there is nobody to blame whether thee miners or the wallet providers as they also set out to make profit which might not be possible if the price is not raised and might even lead to deficiency in the quality of service being offered.

[thejaytiesto]

You are difinitely correct, SegWit helps to increase the block to the suitable size, but only 20% miners agree with it, the left miners are so selfish, if btc tx is so slow, users won't use it at all, miners will cry, they are too naive to refuse SegWit.

More than 20% and those miners who lingering just wait to test in on Lightcoin.

Litecoin activating segwit is unfortunately not a viable test-scenario, so I don't know where people are drawing conclusion from this.

In any case segwit is safer than BU, it is the next logical step. Bitcoin's segwit is way safer than Litecoin's. In fact, if something goes wrong on Litecoin's wegit, im sure the big blockers will use it to further add more FUD into segwit.

[gentlemand]

What seems to have slipped multiple minds is that Bitcoin is rather more expensive than it used to be compared to a short while back.

If this carries on, and it shows not too many signs of slowing down, it's going to be very interesting to see where everyone's breaking point is. There'll come a time when most simply won't want to transact any more.

For almost everyone Bitcoin usage is nowhere near a necessity. It's a cool luxury to get involved with. They'll wander off when they feel they're being worked over. Maybe that'll mean the people who really need it are left, or perhaps those too will switch to a less strangulated option.

[ImHash]

Most of the blocks are full 990.11 999.12 and so on but there are some blocks with the size of 0.25 can someone first tell me how is this possible?
https://blockchain.info/block/0000000000000000000a6acdd3ea35adda1db8c45bd2fe753d09401500e15ef7

If i am not mistaken this is an empty block. It's not really empty because has one transaction which is the mining reward, nowadays 12.5 btc https://bitcointalk.org/index.php?topic=1085800.0. That means in this block only the coinbase transaction is included. It depends from the mining pools because there are miners who don't mine empty blocks https://bitcoinmagazine.com/articles/why-do-some-bitcoin-mining-pools-mine-empty-blocks-1468337739/. On the other side imo all of us we belong in bitcoin ecosystem, more or less, we are responsible because of the increased fees. Not only devs and miners but simple users we could force in order to find a viable solution with high fees.

Please educate me to understand this situation, how can a miner get rewarded without processing transactions?
What did this miner do to deserve a 12.5BTC? where is the proof of work? the coinbase transaction shouldn't even exist before the proof of work been presented to the network.
This is next block https://blockchain.info/block-height/451631
This is previous block https://blockchain.info/block-height/451629

[Bitcoinsummoner]

I think we dont need to blame other because of the fee increase since bitcoin is very low fee unlike other payment method.. so its a normal that the fee is increasing due to mining is not profitable and it can help to increase the fee to help miners to stay long in this field..
This is what i thought and heard by someone..

[South Park]

We all know that recently, a huge backlog of transaction of at least 50,000 at any point of time.
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.

Is this the miners fault alone? Who do you think need to step up  to stop this madness
of increasing transaction fees?

What's your thought about it?

It is useless to point fingers, since everyone part of the bitcoin community is partially at fault, the users are at fault because they keep sending bigger and bigger fees instead of refusing to do so, the miners are guilty too and the devs must find a way to stop the ones that are spamming the network with their code and they have not do it.

[bitbunnny]

No one likes big fees but I'm not sure if there is anyone to be blamed for that. That is how the rules are, miners have to get their fee, users have to take their part, we are all part of same community and we agreed to that. I'm not sure that we have choice or that there is something we could do about the fees.

[deisik]

Fees will continue to increase.
For a "fee market" to evolve, there needs to be demand and suppliers. But there is only a fixed supply.
If fees get high, there's no way for miners to say, "Oh fees are high, we should mine more blocks or larger blocks to capture these fees". So fees continue to increase because demand is just slightly higher than capacity.
Anyone who has ever used the phrase "fee market" with respect to a fixed block size has no grasp of what is and will occur.

I tend to disagree

If the Lightning Network update gets approved (or something else which works along the same lines), we will see exactly that, i.e. a truly "fee market" emerging, and then miners will have to compete with the nodes providing payment channels for lesser fees. That's basically the reason why most miners are so hostile to any updates, not even LN itself. If they accept SegWit, for example, that will essentially open the door for future updates as well, and the profits they receive through mining fees will likely decline

[bravehearth0319]

We all know that recently, a huge backlog of transaction of at least 50,000 at any point of time.
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.

Is this the miners fault alone? Who do you think need to step up  to stop this madness
of increasing transaction fees?

What's your thought about it?

As I observed if the  blockchain are being overloaded by the transaction, the fees is getting higher, the unconfirmed transaction increase. I think there is a group behind this transactions, I don't know if this DDOS correct me if I'm wrong.

[requester]

We bitcoin user should blame ourself only because as the rate of bitcoin is increasing day by day so its transaction fees will also increase since it value is increasing but the problem is miners who confirms those transactions where they get high fees first so someone is paying high fees so for him we also should compete with him to make our transaction get confirmed faster.