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Author Topic: WTF@BTC transaction fee?  (Read 2958 times)
HITTI2
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May 03, 2017, 08:08:17 PM
 #1


I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction?HuhHuhHuhHuh??


Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

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May 03, 2017, 08:12:31 PM
 #2

Sad. If segwit on Litecoin have success maybe will be aplied on Bitcoin and solve the problem of huge fees.

I prefer to live a day like a wolf than a hundred years as a lamb.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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May 03, 2017, 08:15:03 PM
 #3

Oh well it's been months now, fees are high as fuck but there's nothing you can do about it.
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May 03, 2017, 08:16:44 PM
 #4

It all depends on how much bytes is your transaction, as there are many unconfirmed transactions atm you need to pay higher fee in order to get your transaction confirmed faster : https://blockchain.info/unconfirmed-transactions

You can check here appropriate fee : https://bitcoinfees.21.co


What you could do is to send your transaction with this fee : 0.0001 per kilobyte and to try to push your transaction within via btc transaction accelerator https://www.viabtc.com/tools/txaccelerator/  

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May 03, 2017, 08:24:10 PM
 #5

 
Quote
A lot of european flags in this map, looks like Bitcoin is more popular now in Europe.

I prefer to live a day like a wolf than a hundred years as a lamb.

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May 03, 2017, 11:59:45 PM
 #6

Sad. If segwit on Litecoin have success maybe will be aplied on Bitcoin and solve the problem of huge fees.

Do you think that the problem will be solved? I wonder how, if so far, they have tried to turn things around and everyone has remained in their own interests.
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May 04, 2017, 12:09:28 AM
 #7

Wow that's a high fee.  Wouldn't have been a problem a couple years ago when we were at $420, but now those fees are starting to sting.  Still, I've sent more money than that recently and paid much less of a fee, but it took forever to confirm.

This is why bitcoin is impractical as a form of day to day money, and it'll get worse if the price goes higher.
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May 04, 2017, 12:15:08 AM
 #8

The high fee and the recent inclusion of fee in Coinbase actually made me learn how to create and broadcast transaction myself.

As I do not need a super fast transaction confirmation, I actually just include tiny fee and just wait a few hours/a few days. So far all of them get confirmed eventually. Record low fee for me was 0.25sat/byte.

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Core dev leaves me neg feedback #abuse #political


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May 04, 2017, 12:16:53 AM
 #9

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction?HuhHuhHuhHuh??


Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

Core devs decided it would be a brilliant idea to create a fee market and not raise the 1mb blocksize.  They are controlled by a profiteering corporation called Blockstream whose unstated goal is to change Bitcoin from a peer to peer cash system into a settlement network, against the wishes of the users.

This is why they want as little on chain scaling as possible.  After years of stalling they finally offer segwit which gives meager capacity improvements with a consensus threshold set so high it won't be achieved.  Just more stalling while they develop their lightening hub so they can force you off the main chain and pay them fees.

Pretty obvious what the fuck is going on.


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May 04, 2017, 12:45:28 AM
 #10

I wonder what will happen if the bitcoin price reaches something like 5000$. So sending 0.001 btc, ie. 5$, then sending 1$ will not be possible as that would mean spending 2.5$ in fees.
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May 04, 2017, 12:49:57 AM
 #11

It's fucking insane.

Fucking idiot developers, from what I read above.

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May 04, 2017, 12:50:53 AM
 #12

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory Smiley.

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May 04, 2017, 12:51:48 AM
 #13

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory Smiley.

And wait for how long?

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May 04, 2017, 12:52:56 AM
 #14

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory Smiley.

And wait for how long?

That's up to the miners, not the devs.

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May 04, 2017, 12:54:41 AM
 #15

Meh, I'll let it set in my wallet for years.

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May 04, 2017, 01:18:28 AM
 #16

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory Smiley.

Hows that a good thing ? The concern is about rising txn fees with rising price. If it keeps rising, shouldn't the fees actually come down with the rising price ? Otherwise, I don't understand how will the fees be sustained.
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May 04, 2017, 01:27:43 AM
 #17

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction?HuhHuhHuhHuh??


Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

Core devs decided it would be a brilliant idea to create a fee market and not raise the 1mb blocksize.  They are controlled by a profiteering corporation called Blockstream whose unstated goal is to change Bitcoin from a peer to peer cash system into a settlement network, against the wishes of the users.

This is why they want as little on chain scaling as possible.  After years of stalling they finally offer segwit which gives meager capacity improvements with a consensus threshold set so high it won't be achieved.  Just more stalling while they develop their lightening hub so they can force you off the main chain and pay them fees.

Pretty obvious what the fuck is going on.

Fucking Chinese miners cock-blocking SegWit, that's why we have high fees. Nevermind jonald_fyookshill, blaming Core for everything, because he's paid to  Wink

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May 04, 2017, 02:03:06 AM
 #18

Why don't you just send it with 0 fees if you have a problem with it? Fees aren't mandatory Smiley.
This is what Op has to do exactly with the transaction. Now you've got the much better way for setting the fee manually. You could set the minimal fee for the transaction. Probably you'll get it confirmed in a short, only because of the increased​price the fee looks high as well the transaction amount too is low.


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May 04, 2017, 04:01:09 AM
 #19

I wanted/went to go transfer 0.00184008BTC to buy burstcoin, but it takes that much to make a transaction?HuhHuhHuhHuh??


Wtf happened to btc? Why is it so high?

I mean what the fuck is going on in 2017?

Too much bitcoin transactions and there is no actual fuck was given to do something about it yet. People just kept on offering hard forks to the community and no one wants to compromise. For sure we'll all see more of this in the future, so expect higher and higher fees will be paid.

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May 04, 2017, 05:09:22 AM
 #20

This is one of the main issues when it comes to bitcoin today, the TX fee is so high that it kinda makes buying things with it not even an option due to it cutting into the price and just making me want to use another method to purchase something. I think this is due to the scaling solution issues that we had in the BTC community and the issues relating to people just trying to out-compete each-other for the higher tx to be able to be confirmed faster.

It's pretty shitty and we're all here praying for something to come fast out of Segwit, well some of us that is.



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