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Author Topic: WTF@BTC transaction fee?  (Read 2748 times)
Marma Kalari
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May 08, 2017, 09:59:46 PM
 #41

So, I tried sending to an exchange. Sent on the 5th. Still unconfirmed. Used lowest txfee. https://blockchain.info/address/14XknsfpDYGV4pusK7b8bsixDQER4PZok9
The chances are you wont get that transaction confirmed and if you are lucky they might reject that transaction because with a 1 sat/B it wont reach anyone,for a standard transaction to get through with the current congestion you need to include 60 sat/B .I know it is frustrating but the fact is bitcoin cannot be used for smaller transactions with the network situation we are in.
Oboy, I lost a few bucks in BTC. Wow. goddamnit.
If the transaction is rejected by the node then you might get back the coin,so do not worry about that,but it might take a very long time up to a month to get back those coins,it all depends upon your luck,when i started bitcoin what attracted me is that we could send smaller transaction as well as large transactions with a small fees,but things have changed quickly.
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May 09, 2017, 12:44:09 AM
 #42

Like others pointed out Coinbase has started charging a fees and they are charging a really high price. I personally use the old version of multibit, and using that I am able to set the fees to a lower value .I do get it confirmed in a few hours usually by just adding 0.00019 btc of fees. You should probably do the same thing for your future transactions.


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May 09, 2017, 01:35:41 AM
 #43

Like others pointed out Coinbase has started charging a fees and they are charging a really high price. I personally use the old version of multibit, and using that I am able to set the fees to a lower value .I do get it confirmed in a few hours usually by just adding 0.00019 btc of fees. You should probably do the same thing for your future transactions.
For me I just pay the regular fee and it still gets confirmed although it takes long most of the time and right now the traffic is congested so I'd rather wait for hours than pay additional fees it would still go through anyway. If you want lower transaction fee I guess you can use some web wallets that allows transfers with lesser fees like coins.ph in the Philippines and blockchain web wallet.


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May 09, 2017, 01:42:01 AM
 #44

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?

You are not the only one who is disappointed about the unreasonable increase in the miner fees. Compared to before the fees have increased ten times compared to before and it is really discouraging. The problem lies on the spam attacks on the blockchain that caused the miners to charge the bitcoin users a high transaction fee per transaction. There is nothing we can do but to oblige.

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May 09, 2017, 11:53:20 PM
 #45

Showing Balance of 0.00184008 BTC but the wallet shows 0 and blockchain is up to date.

https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9

12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9
BURST-W7HD-8VVV-X6L3-4EYLJ
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May 10, 2017, 03:24:15 PM
 #46

Showing Balance of 0.00184008 BTC but the wallet shows 0 and blockchain is up to date.

https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9


Yay

-zapwallettxes fixed it.


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May 10, 2017, 03:36:28 PM
 #47

So, I tried sending to an exchange. Sent on the 5th. Still unconfirmed. Used lowest txfee. https://blockchain.info/address/14XknsfpDYGV4pusK7b8bsixDQER4PZok9
The chances are you wont get that transaction confirmed and if you are lucky they might reject that transaction because with a 1 sat/B it wont reach anyone,for a standard transaction to get through with the current congestion you need to include 60 sat/B .I know it is frustrating but the fact is bitcoin cannot be used for smaller transactions with the network situation we are in.

Ok, this is what I did.

Code:
Status: 0/unconfirmed, in memory pool, has not been successfully broadcast yet
Date: 5/10/2017 11:33
To: 14XknsfpDYGV4pusK7b8bsixDQER4PZok9
Debit: -0.00183784 BTC
Transaction fee: -0.00000224 BTC
Net amount: -0.00184008 BTC
Transaction ID: 58630cc05fa6363bbec037a3aaef11b88f3f9efab9aadd201f4b563cce337386
Transaction total size: 224 bytes
Output index: 0\

used https://bitsusd.com/
60Sats=mBTC 0.0006

So I inputted 0.0006 for the transaction fee of 0.00184008.

Should it make it to the address of the pool now?

Thanks.

Edit:
https://blockchain.info/tx/cc9987a984099cab2201bc0cef404f4dab33d22d46b15f3849ba2072ec646abe

12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9
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May 11, 2017, 01:29:00 PM
 #48

I paid the goddamn 224kb fee, 60sat per kb. Now the goddamn btc returned back to my wallet on the blockchain but not my physical wallet.....

https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9

What, is my btc locked into the blockchain or do I need to do

-zapwallettxes ?



Double spended?

https://blockchain.info/tx/cc9987a984099cab2201bc0cef404f4dab33d22d46b15f3849ba2072ec646abe

12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9
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May 19, 2017, 12:58:27 PM
 #49

Yup, this is my last round with bitcoin.
Transaction fee's are to high. Even a pool operator states we cannot have our MINED btc because of phenomenal fees.

https://bitcointalk.org/index.php?topic=562238.msg19093427#msg19093427

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May 19, 2017, 02:27:20 PM
 #50

Yup, this is my last round with bitcoin.
Transaction fee's are to high. Even a pool operator states we cannot have our MINED btc because of phenomenal fees.

https://bitcointalk.org/index.php?topic=562238.msg19093427#msg19093427

The problem is this stupid debate over SegWit and Bu, they are fighting over  like a kids, they don't sit down and talk to see that they have the same goal - to make btc better for everybody.... there are like 220k+ transactions in mempool right now with too many transactions people tend to pay higher fee to transfer their coins. Just look here : https://blockchain.info/unconfirmed-transactions says 235k atm. I wonder why price is raising when we can see that btc can't be used as a fast currency to do the transactions...

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May 19, 2017, 06:29:10 PM
 #51


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May 19, 2017, 07:30:41 PM
 #52

Haha.
Been away for about 5 weeks now. I just checked bitcoinfees21 and wow.

5 weeks ago, fastest and cheapest suggested fee was around 250/byte. Now it's at 410. That's just.  Sad
(210 * 410 = .00086 = $1.66 )
The most basic transaction now costs almost 2$. It's like, either pay up or wait hours, if not days.  Cry
Better maximize and utilize every single transaction.

 

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May 19, 2017, 07:37:43 PM
 #53

Haha.
Been away for about 5 weeks now. I just checked bitcoinfees21 and wow.

5 weeks ago, fastest and cheapest suggested fee was around 250/byte. Now it's at 410. That's just.  Sad
(210 * 410 = .00086 = $1.66 )
The most basic transaction now costs almost 2$. It's like, either pay up or wait hours, if not days.  Cry
Better maximize and utilize every single transaction.

Are you saying you dont enjoy the fee of buying into btc from usd and then fee of transfering!!! Round here the consensus is that fees are a privledge. Hehe.

I agree with you though. Buy into btc and convert into something else to transfer. Then convert back to btc. Its cheaper that way.


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May 19, 2017, 07:40:29 PM
 #54

Yeah it is better to use the trading websites for transactions. They are just using the miners fee and not more. They are way faster too than the online wallets.  Grin
I dont know what is happening but this should be fixed. A lot of people are getting restless now because of this dilemma that is happening with the bitcoin community.

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May 19, 2017, 07:43:36 PM
 #55

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?

I just laughed at my transaction fee.
Way too high for just sending a million satoshis.
I guess they are forcing us to keep our bitcoin and just do a bulk transaction rather than small ones.
But what about those merchants who sells things and also the buyers who will buy the item and spend more just because of transaction fees.
Instead of saving, they paid more.

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May 21, 2017, 12:08:37 PM
 #56

2.5 dollar transaction fee for just 20 fucking dollar transaction!!!!!!!
holy shit.... wtf is wrong with that!!! bitcoin used to be an innovation in banking industry, but with these fucking insane fees! i wish bitcoin will crash down... Angry Angry Angry Angry Angry
bibiqua
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May 21, 2017, 12:18:34 PM
 #57

bitcoin used to be an innovation in banking industry, but with these fucking insane fees! i wish bitcoin will crash down... Angry Angry Angry Angry Angry

I certainly don't wish that bitcoin will crash, but that said, it isn't banking industry at all. Otherwise, there would be an operator with huge interest in getting his network back to normal operations.

Just have a look at the backlog vs. fees - looks like we won't even get down to 100 000 (hundred thousand) unconfirmed transactions this weekend: https://jochen-hoenicke.de/queue/#30d

Bitcoin technology has been over capacity for 3 weeks now, no signs of improvement :-(
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May 21, 2017, 12:26:03 PM
 #58

I can't even get few dollars to an exchange and its pissing me off. This is the third time trying to use minimum fee's but the bitcoin client custom fee input that I inputted is totally different from the blockchain.

Quote
f9d3fcfc42f5cfb8b86b15e3198ea8422711bd598d9ad1b26c68811654f65cb2
(Fee: 0.0000664 BTC - 29.78 sat/B - Size: 223 bytes) 2017-05-21 00:21:05
12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9 (0.00132885 BTC - Output)
14XknsfpDYGV4pusK7b8bsixDQER4PZok9 - (Unspent) 0.00126245 BTC
https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9

I fucking inputted "0.0001338BTC" as a fee.

So, it's gonna stay unconfirmed again for days on days.

12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9
BURST-W7HD-8VVV-X6L3-4EYLJ
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May 21, 2017, 12:37:09 PM
 #59

ROFL, IKR!! The fee on blockchain is really ridiculous, so damn high up to 0.001+. I think it's because so many unconfirmed transaction and it's make the fee become high for faster confirmation. But still, it's so damn high!
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May 21, 2017, 01:12:11 PM
 #60

Gone are the days when you could buy a cup of coffee with Bitcoin. Now it will become more and more of a speculative instrument again than a mass adopted merchant tool. Bitcoin will end up being just a store of wealth for Whales. It's so costly for me to send small amounts of bitcoin now under 100 USD that I don't bother anymore sending bitcoin that is less than 0.1 btc.

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