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Author Topic: small fee makes transactions faster  (Read 5153 times)
stevano (OP)
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March 29, 2017, 03:09:59 PM
 #1

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?
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March 29, 2017, 03:16:54 PM
 #2

I thought it was the opposite :p I don't know, maybe it works in a few cases, but every time I choose small or regular fee it takes ages to confirm the transaction :/ Maybe this happening bcs of the time you try to make a transaction, or maybe the amount you wanna send.
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March 29, 2017, 03:22:03 PM
 #3

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

Apart from the fact that your sentences are almost unreadable.

The higher the bitcoin fees, the higher the chance of it getting confirmed in the shortest period of time

Transaction relay among nodes is a different factor from getting a transaction mined in a block.

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March 29, 2017, 03:31:10 PM
 #4

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?
i could prefer using a high transaction fee if i need to spend the btc urgently because it gets first priority from miners
 and gets confirmed faster especially if you get to use this bitcoin tool with high fees set Smiley :
 
https://www.viabtc.com/tools/txaccelerator/

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March 29, 2017, 04:12:04 PM
 #5

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?
Setting low transaction fees ranging from 1000 satoshi is not good because there's a chance that you're tx won't be confirmed. People use large miners fee because the size of their transaction could be higher than 1kb and sometimes could be an accident.

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stevano (OP)
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March 29, 2017, 04:19:58 PM
 #6

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

Apart from the fact that your sentences are almost unreadable.

The higher the bitcoin fees, the higher the chance of it getting confirmed in the shortest period of time

Transaction relay among nodes is a different factor from getting a transaction mined in a block.


not to increase the fee it will only burden the block in transporting transaction for a fee greater then the amount of the transaction size is also large, which should be with a small fee each block that could bring the 2000 transaction, but because of the number of fee-large will reduce the number of people who will carry out the transaction / uncofirmed
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March 29, 2017, 04:22:05 PM
 #7

Small fees will never make transactions faster and you may have to wait even 1 or 2 days for your transaction to get confirmed and if you want faster confirmation then add higher fees and your transaction will get confirmed in around 30 minutes.

                                                                               
                 
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March 29, 2017, 04:29:51 PM
 #8

Your English doesn't make any sense.  Perhaps your translation is incorrect.  It appears that your first language is Indonesian?

Try discussing your thoughts here:
Local > Bahasa Indonesia (Indonesian)
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March 29, 2017, 04:33:36 PM
 #9

If you are not in a hurry or not chasing to buy coins to trade that you can wait for hours its fine to just set a low fee. TO me it doesn't matter too if all I want is just to store my btc to a wallet I have. If it could take a day unformed its fine to me. But if I'm paying to someone who have no patience and will soon start a thread about me scamming him if btc isn't on his wallet, thats another story.

BTC should really be fast as usual but if its not going to be that way later, its not going to be good for us all. Altcoins are there ready to serve though.
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March 29, 2017, 04:37:20 PM
 #10

Now i don't even care for fees. The reason i use coinbase as my wallet and they never took fees in past and normally when i sent bitcoins it was sent within 40 minutes. Now they introduced 0.5$ fees and they told it is being charged for faster transactions. And now just to get 1 confirmation it takes an hour even after paying the fees. Conclusion the more fees you pay it takes more time.
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March 29, 2017, 04:53:15 PM
 #11

If you are not in a hurry then there is no problem taking the lowest fee you would want.  Grin
But most of us here want it faster to about getting worried to what might happened to our coins specially when you are sending a great amount of it.
I think the campaigns who pay a lot of people are the one who are paying lower fees for now. To save their money of course for paying another week or month of the campaign.

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March 29, 2017, 05:07:26 PM
 #12

Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.

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March 29, 2017, 05:10:41 PM
 #13

Isn't it the other way around? Too small fees can actualy make transactions very slow, to be precise you could wait for confirmation very long. That doesn't mean that you have to pay huge fees but recommended ones can't do no harm. Anyway, I think that you have put the wrong question, you probably understood it wrong or there is a language barrier.

I think the words just got jumbled but that is what he meant.
Depends on him if he really wants the fastest transaction ever.
Look every wallet websites are now changing their settings too by making options for users if they want lower fees or not.
We just have to deal with that for now to not prolong the problem that have been occurring with the miners.
You can always pick into what you prefer.
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March 29, 2017, 05:14:33 PM
 #14

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?

not to increase the fee it will only burden the block in transporting transaction for a fee greater then the amount of the transaction size is also large, which should be with a small fee each block that could bring the 2000 transaction, but because of the number of fee-large will reduce the number of people who will carry out the transaction / uncofirmed


Use google translator or just discuss this in your local board, your english is unreadable don't know why people are just guessing what OP is asking and replying.  Roll Eyes Grin


 
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March 29, 2017, 05:15:00 PM
 #15

It was in the past when you can easily transfer bitcoins faster even with small amount of fees but now things have changed and if you want to make it quick then you need to add higher fees or else it will be an time consuming process.


 
 
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March 29, 2017, 05:18:33 PM
 #16

What are you talking about? if you use small fee then your transaction will be confirmed later. People pay high fee when they want the transaction to be confirmed quickly. If you're not in a hurry, then just put small fee and it will be fine.

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ekoice
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March 29, 2017, 05:18:54 PM
 #17

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?
One time,i sent btc from my wallet with 0.0003 btc as fees and it took around five days for my transaction to be confirmed.So,higher the fees,faster the transaction.It depends on the situations of urgency whether to select high fees or low fees.
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March 29, 2017, 05:25:54 PM
 #18

why bitcoin transfer fee when most people give it in large quantities, but it will slow down the transaction itself, rather than using a bitcoin transfer fee sathosi 1000 it could be?

What is your opinion with bitcoin transfer with a large fee?
I have read some article stating that higher transfer and mining fee makes a transacton confirmed faster than transaction that has a low transfer fees.But i dont know if that was real.Me myself i am experiencing faster transactions when i sent a larger fees.

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SvenBomvolen
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March 29, 2017, 05:31:43 PM
 #19

With the growing of Bitcoin's popularity, increasing the workload of its blockchain. This entails serious consequences for the price of bitcoin payments. The fees are also increasing.
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March 29, 2017, 05:35:15 PM
 #20

With the growing of Bitcoin's popularity, increasing the workload of its blockchain. This entails serious consequences for the price of bitcoin payments. The fees are also increasing.

What serious consequences for the price of bitcoin are you speaking of? You said a whole bunch of nothing.
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