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Author Topic: Slow payments and fees solution???  (Read 2420 times)
Xester
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May 09, 2017, 01:59:36 PM
 #41

I think the solution for the slow payments and for the fee is can be done only by the core team of bitcoin because they know what is the best for bitcoin and they can fix it by applying some improvements for bitcoin. We just need to have patience for waiting for the fix and after that we can really get a faster version of bitcoin.

Will the core really solve the problem or can just worsen the situation. As we have heard and read on the news about bitcoin that Bitcoin Unlimited nodes have crashed and today the only thing working is the core developers code. If it is true that the spam attacks on the network are done by the BU then we can expect lower fees and fast confirmation coming from the core but it is still not clear as to what or who caused the high miner fees. Possibly even if the core developers take over the price will still climb up. I hope I am wrong.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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MI6
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May 09, 2017, 02:08:08 PM
 #42

i always use exchanger for my wallet, even i know it is not 100% safe because we not hold the private key but for sending / receive not get any problem yet

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May 09, 2017, 02:26:17 PM
 #43

Yeah i just do this for a fast transaction pretty good you have a choice for your transactions if you wanted a fast transaction you can just pay high fees that pretty much fair for me and also a good feature for manu bitcoin wallets.

Indeed for now some say that gives the high fee will provide confirmation in speed becomes faster than normal (default). But I get or feel is fee high or standard has the same rate of speed, it could be said that the higher fee just dumped a lot of money. Unless we have some reasoning then it's worth using a high fee. Because sometimes the way I use different with you, or perhaps a website can take advantage of the exchangers in order to get the confirmation of the greater of the wallet that we have
 
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May 09, 2017, 02:32:01 PM
 #44

Yeah i just do this for a fast transaction pretty good you have a choice for your transactions if you wanted a fast transaction you can just pay high fees that pretty much fair for me and also a good feature for manu bitcoin wallets.

Indeed for now some say that gives the high fee will provide confirmation in speed becomes faster than normal (default). But I get or feel is fee high or standard has the same rate of speed, it could be said that the higher fee just dumped a lot of money. Unless we have some reasoning then it's worth using a high fee. Because sometimes the way I use different with you, or perhaps a website can take advantage of the exchangers in order to get the confirmation of the greater of the wallet that we have
 

Theoretically, if you pay a high fee, your transaction will be confirmed quickly, and most people will agree. However, it is only partially true, in fact, reasonable charges always give a quick confirmation time, so do not waste too much money to pay for the miners. Especially in the present time, bitcoin surge dramatically, which makes the cost we spend much more expensive than before.
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May 10, 2017, 06:14:03 AM
 #45

If you all see the fee structure of xapo most if you will be shocked. If the amount you receive is less than 0.0006 they will charge you fees otherwise no fees. And it is mentioned for sending transactions fees is 0.0005 but till now they have never charged me. Check it out guys : https://in.xapo.com/fees/. Maybe they will introduce fees in future idk it's better if we take the advantage of this offer
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May 10, 2017, 11:29:09 AM
 #46

ive been using coinbase in the past because they dont really charge you some fees when you make transfers of bitcoin into another wallet but later on they do already demanded some fees which i do really consider it too high compared on other wallet but still a good choice because it confirms in no time dont like on having smaller fees or not putting at all.I strongly believe this will also happen to xapo even though im not using it but later on it will surely demand some fees.
It is only a matter of time that even Xapo starts collecting fees from its users as the fees are increasing they are loosing in money doing transactions and from what i understand they are not earning any profit by being a wallet,i am not sure how they are managing to put the fees,i would like to know how much money they are spending on a daily basis as transaction fees.
You wont know such thing because its only on owners side knowing their profits on certain transactions.I don't know why they aren't still charging or adjusting some fee on any transfers because which I saw most of exchange and online wallets do already charge fees on each transfer.If they can able to sustain the fees on their users then it would be fine but we don't have any complaints if a certain transaction would be long or fast.It does depend on the fee putted on.

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May 12, 2017, 12:55:29 PM
 #47

Now recently i have seen many people complaining about the bitcoin transaction fees and the time to process payments. I have been using xapo as my wallet since starting and i also feel that this is the wallet for the solution to both of these issues.
Now xapo normally sends all your payments instantly who's value is 0.01 btc or more. For the rest it may take 24 hours. What i have noticed is is that xapo doesn't take any fees when you send it instead they group multiple transactions to save fees for the smaller amounts and for bigger amounts doesn't charge any fees. In terms of speed also most of the payments i send i confirmed within 20 minutes. Let me know what you think about xapo or your experience or opinion about it

Xapo is a web wallet and it is always not recommended to use web wallet to store your bitcoins, using this web wallet for faucet earning is good but storing the bitcoins is not safe.
Seriously what are you some big whale how has thousands of bitcoin with yourselves. You will mostly have bitcoin in a smaller amount and I'm assuming you may purchase few things using bitcoin. If you have a wallet you will always have to pay fees and wait for hours. While with xapo no fees and 1 confirmation within 4 minutes.
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