$0.85 transaction fee is absolutely ridiculous!

[samuraijin]

I believe the big cost issue will be overcome once they raise the mining block size above 1mB, this little bit of the problem will be beautiful in time

[stompix]

Fee for today is very expensive, and many people transfer money in forks, which are both faster and cheaper

That's the only solution, The accelerator has limited seats every hour, and it already filled so quickly. With some doge coins and those already delivered the transaction so fast.
Keeping mind if this cases will push the bitcoin. I mean bitcoin is dying. The agreement will have happened in a half of year later.
At that range, the forks will always be valuable to be your own solution for the bitcoin network.

Bitcoin is not dying. If the accelerator can fasten up the transaction, the miners and along with dev can use the accelerator technology directly into bitcoin blockchain to make the whole chain move in a faster way. I know its sounds ridiculous but believe me we are soon coming up with the slow transaction and higher fee issue resolved.

Man, you don't have  a clue what an accelerator is and damn what a load of crap you have posted here.

The accelerator has nothing to do with the code or with the blockchain.
Their service does one simple thing. It includes your transactin in the next lock they will (eventually) mine.
That's all.

It's no silver bullet is no magic cure.

I believe the big cost issue will be overcome once they raise the mining block size above 1mB, this little bit of the problem will be beautiful in time

And what do we do once 2 or 4 mb are no longer enough?

[Victorycoin]

I slowly began to leave BTC for high fees, and I'm looking for a different altcoin alternative

You are not alone in this, all bitcoiners are feeling the hit, but is the leaf really greener the other side? I believe this is some necessary phase Bitcoin is passing through on its way to attain its full potential. I think the we can take solace in the impressive value of Bitcoin in recent times and keep faith until this situation be over.

[Flodemaga]

The true is that the fees had hit bitcoin and while there isnt a solution to the blocksize to handle the big number of transactions that had growed a lot on the last years, compared when it started. I dont trade bitcoin at this stage, im dealing with doge and litecoin wich has a low fee to any transaction you need to do, besides the speed of the confirmations, i do hope soon bitcoin can bring such speed and low fees as well. when the mining end sure fees will replace the current blocks mining but its 2017 and not 2100 yet.

[freedomno1]

I feel like making a joke in 2021 people will come back to 2017 and regret paying a transaction fee that cost them nearly a hundred bucks.
Well only a few months to go on this flux state.

[LegendOF45]

I slowly began to leave BTC for high fees, and I'm looking for a different altcoin alternative

Yes true and I agree, now the transactions with bitcoin is very slow and high fees, a month ago I sent 0,45 btc via coin.space with normal fee and more than 10 days the transactions got 3 confirmations.

[ScorpionKing]

it's extremely high indeed, particularly for micro transactions less than $10 or so 'Which allot of people used to do before the current unconfirmed issue and extreme fees'.. The fees is higher w/size too so collecting 10-15 and send at one time doesn't help at all.

[jhannlenr]

Please remember these fees are not obligatory or fixed, I agree the "minimum fees to be confirmed in 2 blocks" is excessive but the reason is the competition between us to get the best possible place in the chain, Fees are miners major profit now so they will take the ones with highest rate of course, I think something more fundamental and positive should be done regarding blocks and fees.

[crwth]

I slowly began to leave BTC for high fees, and I'm looking for a different altcoin alternative

Yes true and I agree, now the transactions with bitcoin is very slow and high fees, a month ago I sent 0,45 btc via coin.space with normal fee and more than 10 days the transactions got 3 confirmations.

Definitely now, the normal fee is around 1 mbtc, and for some people, to me, seems that it's too high for a transaction. When I first discovered Bitcoin, one of the advantages is that transferring of funds requires low fees compared to using the Western Union and other types of payment modes, and right now, it's slowly becoming equal with the fee.

[franklin9]

Micro-payments are currently not suitable with BTC with the huge rise, anything above $20 is possible but below is ridiculous if the fees are 10% or more of the payment.
I always considered off-chain wallets based on BTC a good optio since it will completely ignore the fees, and security won't be a problem particularly if ran by a trustworthy entity like blockchain or the like.

[Cosbycoin]

Micro-payments are currently not suitable with BTC with the huge rise, anything above $20 is possible but below is ridiculous if the fees are 10% or more of the payment.
I always considered off-chain wallets based on BTC a good optio since it will completely ignore the fees, and security won't be a problem particularly if ran by a trustworthy entity like blockchain or the like.

Yes, those ridiculous trends of bitcoin transaction fees, killing micro transaction based businesses like faucets and micro-lending.

Hopefully we can get rid of this in near future when bigger blocks will be implemented. But some people are arguing it might take more time. I have nothing to do on this, other than paying to God for early solution before people are finding more fed up on these.

[BossMacko]

It is really ridiculous but there is nothing we can do about it. There are options to choose for the amount of transaction fee but if we choose the lowest amount then our transaction will take too long before it confirmed and there is a big chance that it will stuck. Like what i had in one of the gambling website my deposit is still unconfirmed, its been 24 days already because of that i can't withdraw, or transfer bits to other account.

[CheapVccSeller]

For me i sent a $200 trnasaction and had to pay a $20 fee

[CjMapope]

O this is rough :/    this fee structure is getting ridiculous YES! bah atleast there's vent threads! haha
I like to take my Bitcoin and spread it around, this is just not possible anymore without paying 20% to fees? INSANE
I guess our only respite is segwit and 2MB blocks are coming! 6 months or less! Save us from this shit, FAAAACK

[LeGaulois]

I don't do any outgoing transaction using Bitcoin because of this. Unless I am sending 1 BTC wich in this case I just don't care to pay 0.001BTC Well not always as I tend to be greedy with this now. I use LTC or ETH. Receiving BTC I exchange with LTC or ETH. 0.002 LTC for fees is more than acceptable

[Route66Retro]

Well, since I paid $75 to send a $2100 wire transfer earlier this week, I would have been happy to pay $.85 - if only they accepted Bitcoin.

[Eric Cartman]

For me i sent a $200 trnasaction and had to pay a $20 fee

you probably received lots of dust payments before you decided to move the coins.

not advisable, when you use bitcoin

[neochiny]

I'm sure I sent a transaction recently with over a $5 fee for a $23 transaction and it didn't confirm for over 2 days! That's not viable if you ask me!
https://blockchain.info/tx/b9d4df05b03232463b8d06a65f2db8e73f2254e2b39b8f35b91fd148b3b717aa

331 sat/byte shouldn't have taken over 2 days? That's just.? Anyway, You probably had 3 - 5 inputs hence the big transaction size.

As for me, I try to avoid using more inputs. Sending with just 1 or 2 inputs is best. I just send the rest when the amount I'm sending and the fee I'd be paying is reasonable.
And 5$ for 23$ or even 100$ is definitely not.

Well, since I paid $75 to send a $2100 wire transfer earlier this week, I would have been happy to pay $.85 - if only they accepted Bitcoin.

Wow. That's quite a pricey transfer. I sent $2000 recently as well but was only charged $14. Thank goodness.

[potatopower]

I slowly began to leave BTC for high fees, and I'm looking for a different altcoin alternative

Yeah, to be honest right now tons of people are leaving bitcoins just because it is too expensive right now to use it. The fees are ridiculous for quite a while right now, if you want to send small transactions it is just impossible to do as you would pay more for the fees than the actual transaction is. I try to use bitcoins as least as possible right now, because it is just losing money at this point.

[Ewinsane]

I sent btc to my posw wallet 5 days ago and still pending from blockchain.info ... paid extra miner fees when it warned me it would be slow if I didn't with a popup message, I figured 24 hours but 5 days?

it is what it is ... cryptoland  

same stuff, i sent 0.04 almost 4 days ago and still unconfirmed, but iused on purpose a lower fee less than 1/3 to see how much it would take on average to confirm a lower fee transaction, but i think it's random

i was hoping to use the accelerator but it's full, there is no way now to get the money back and send them again with proper fee, still waiting for them to implement replace by fee feature directly in core(and not with the patch...), so we can at least correct fee..

Oh this is brilliant to judge the lower fee transaction time, this is a good idea so that in future if you are required to make a transaction so you will be already aware of the confirmation time of it with respect to the fee and it will be easy for you to select the fee schedule according to the priority.