small fee makes transactions faster

[chixka000]

Sad to say but that is reality. If you could provide a higher fees than you can be considered as the main priority or shall we say a vip and if you are the miner then you will of course choose the higher income right?

[casinobitcoin]

Doesn't it make sense? It sucks, but sadly it's a reality.
When you get a ticket for a concert do you get better seats for a lower price? No.
That's just the way things work.
Anyway - fees aren't really that big so no need to get upset about things. Not that I like to pay fees as well...

[bajing]

That i know if you increased transaction fee will make your transaction fast get confirmation but if you pay small transaction fee will make your transaction slowly to get confirmation or maybe your transaction get canceled because your transaction did not get confirmation until the deadline that has been set.

[speedcoin]

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.

Absolutely agree. Blockchain have 16,000+ unconfirmed transactions now - https://blockchain.info/unconfirmed-transactions, not 3,000-4,000 as year ago.
 

[webtricks]

That i know if you increased transaction fee will make your transaction fast get confirmation but if you pay small transaction fee will make your transaction slowly to get confirmation or maybe your transaction get canceled because your transaction did not get confirmation until the deadline that has been set.

Completely agree. Higher the fee, faster goes the transaction.
However, we don't have any definition for high/low fees. Fees is situation specific, currently $0.4-$0.5 is recommended for transaction upto 0.1 BTC.  Maybe it is too high as compared to 3-4 years back or maybe less as when compared to coming years. Fees is growing concern for Bitcoin world, it is one of the side-result of growing environment. Like "corruption is side-result of growing bureaucracy environment." It is main reason why we see possibilities of hard fork like #BTU.

[AngelSky]

That i know if you increased transaction fee will make your transaction fast get confirmation but if you pay small transaction fee will make your transaction slowly to get confirmation or maybe your transaction get canceled because your transaction did not get confirmation until the deadline that has been set.

But still I do not think anyone transfer their bitcoin with the high fees. minimum fees itself enough to transfer their bitcoins and it will get confirmed with in the 30 minutes normally. Then, you could have noticed the minimum fees in blockchain and other wallet sites has been increased. I have compared most of the wallet. Coinbase comparatively consumes less fees than others.

[daringdiscovered]

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?

Seriously? Didn't you experience to transfer funds from another wallet to another one and have this transaction fee? Of course smaller fee won't make the transaction fast, it is the other way around, if you want to have a fast transaction, then pay more, because that's how it works in this world, though this higher transaction fee is so annoying because it seems like the miners don't leaves us a choice, they are taking the advantage.

[shinratensei_]

That i know if you increased transaction fee will make your transaction fast get confirmation but if you pay small transaction fee will make your transaction slowly to get confirmation or maybe your transaction get canceled because your transaction did not get confirmation until the deadline that has been set.

Wrong, pay more fees will make your transaction priority was increased to get the block's validation ( confirmation ).

Maybe it is too high as compared to 3-4 years back or maybe less as when compared to coming years.

It's really high and you can see the chart of the total transaction on the blockchain.
https://blockchain.info/charts/transaction-fees

Fees is growing concern for Bitcoin world, it is one of the side-result of growing environment. Like "corruption is side-result of growing bureaucracy environment." It is main reason why we see possibilities of hard fork like #BTU.

No, the current possibility hardfork is the political reason in my mind. Some scaling solution and the winner can take the advantage of changing the rule and the block structure of the bitcoin.

[LeyMonte]

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.

i have observe that too.. heis making confusion about his sentence. anyway it is true that the higher the fee the faster it is confirmed.

[taxmanmt5]

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 guess it is not the situation you mean. The higher the transaction fee you give the fastest your transaction to be confirmed. The smallest you give the slower confirmation you can have.

[taxmanmt5]

traders please use viabtc.com/tools/txaccelerator/ to speed up your tx some time tx stucks in pool thats why not gets confirmations fast use this free service to speed up your tx confirmations. It works with low tx fee also 

[e-coinomist]

traders please use viabtc.com/tools/txaccelerator/ to speed up your tx some time tx stucks in pool thats why not gets confirmations fast use this free service to speed up your tx confirmations. It works with low tx fee also 

Not really the solution. Just taking their somewhat "political" statement

ViaBTC Service Statement

ViaBTC is of the opinion that the current "Bitcoin Core + Blockstream” Bitcoin development team is not taking satisfactory steps to ensure the growth and advancement of Bitcoin in accordance with satoshi's original white paper, and is in fact actively harming the health of the Bitcoin economy by actively stifling efforts to solve some of Bitcoin’s most pressing problems.

Seemingly a BU pool placing TX requests into their queque with some priority. If each fraction starts to support only their followers, we are still stuck on the same basic problem.

[andrei56]

Doesn't it make sense? It sucks, but sadly it's a reality.
When you get a ticket for a concert do you get better seats for a lower price? No.
That's just the way things work.
Anyway - fees aren't really that big so no need to get upset about things. Not that I like to pay fees as well...

Bitcoin is great but we are no immune to the realities of the world, you get what you paid for, so if you want faster confirmation times then you need to pay extra and if you don’t want to pay or you can’t then we have no other option but to wait.

[Restmand]

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?

The larger the fee of your transaction the more prioritized you are. Because I saw a bitcoin that wallet that there's a 3 kind of fee the free, normal and the VIP in each of them the VIP has the fastest transfer rate and the more prioritized but the fee there is little expensive so I think fee will prioritized transaction.

[emezh10]

Yes small fees can make that transaction prioritized because every second there are so many transaction that happen so I think if you will pay a small fee for your transaction be prioritized is reasonable, And that is true the small fees make your transaction be faster and more prioritized.

[Windpower]

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?

Although it may seem like it's better to use a higher fee to make sure that your Bitcoin gets sent quickly, it really isn't. The higher your fees, the more priority you get, however, you don't get that much priority and people that have lower fees might actually get their transaction into a block first. It is really weird and to be honest, I don't really know how it works.

[ranggenga]

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?

are you sure ? i do not think so.. in my opinion fast or slow the transaction from the user transaction not the fee . if many user transaction maybe is full like the street in the big town

[DoublerHunter]

Smaller fees then it is equal to longer transactions or confirmation time. There is no proof that small fees makes the transaction faster because it will just make the transaction less priority for the miners because the miners always confirm those who have big fees on their transactions. So i don't think this title of the topic is true. Be realistic.

[Sr.Urbanist]

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.

If they'd increase the blocksize instead of a small group of two companies: blockstream and "Core" trying to skim with SegWit.  

Yes.  I am moving to LiteCoin. I think it is superior:  

1. 2.5 min block times
2. 2 MB block size
3. 0 transaction fees
4. 25MB block payout

The Bitcoin Core team (clever name for a company) is trying to hijack it, so they can put their nerdy bitcoins in cold storage.  They literally think $100 transaction fees are good.  T

Two of my favorites on the subject:

"Hidden Story of Bitcoin Unlimited" (hint: it started on this site)
https://news.btc.com/m/4616?id=4616&v=2&fromapp=0

SegWit vs. Bitcoin Unlimited:
https://youtu.be/JarEszFY1WY?t=43m26s
 

[Flanagan]

used 0.0001 fee a couple of days ago and it took quite a while, but it went through eventually, confirmed the next day (don't know exactly how many hours, but I had made payment the day before morning, and was confirmed the next morning). Very cheap in my opinion.
But as from now one will use mainly 0.001, don't mind paying up to a buck per transaction if it goes faster, although still haven't measured the speed compared to the smaller fee