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Author Topic: Blockchain to high fee (1.66$) ???  (Read 917 times)
BookeyBitMan (OP)
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June 01, 2017, 07:12:42 AM
 #1

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks
Nagadota
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June 01, 2017, 08:01:07 AM
 #2

Due to the high network fees right now you're unlikely to move that satoshi. 

The current recommended fee would require paying more than that for the median transaction size.  If you've accepted more than one transaction (input) to own that 78,000 satoshi, the transaction fee will end up being even higher than that.  As it suggests:

Quote
The fastest and cheapest transaction fee is currently 360 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 81,360 satoshis

Blockchain.info is known for weird fee estimation, so they could not even be paying that fee and it's impossible to tell.

If Blockchain was actually setting the correct fee (unlikely), you could probably get away with sending a fee of about a third less than that and it would still go through.  However, the receiver would not be able to spend that satoshi that you send and it would be completely worthless.


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June 01, 2017, 08:06:02 AM
 #3

I remember a time when a selling point of bitcoin was that you could send money anywhere for free or at least for hardly anything, I suppose with a fee of $1 or $2 it is still better than a lot of places.

I wonder how the faucets are handling this nowadays, I guess they would need to have a much larger minimum withdrawl limit.
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June 01, 2017, 08:19:48 AM
 #4

In my opinion, due the these blockchain high fees, it makes us know something important about sending transactions. We can't now send btc under 0.00x and so I can say the minimum balance that worth to transfer has been set.

I can't stop feel queer to know the fastest and the lowest fees of payment transaction still worth to btc when these high fee still complained by its users.

BookeyBitMan (OP)
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June 01, 2017, 09:16:22 AM
 #5

Means I can not send/transfer or convert 78k satoshi (1.66$), this is so bad for micro earning...
I wanted to convert btc for other altcoin but obviously can not...
Just one more question, how high transaction fee for other wallet??? (BTC wallet for PC, Coinbase, Electrum etc.)
Are they same fee???
bL4nkcode
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June 01, 2017, 09:54:50 AM
 #6

One of the reasons is because your wallet receives a lot of micropayments or lets say dusty payments from the ones who sent to you, so when you are going to send to someone, transaction fee is calculated from the size of your transaction and the cause is high tx fee, so avoid receiving small amount of BTC more likely from faucets and currently the value of $1.6 is 0.0006764 via preev.com
BookeyBitMan (OP)
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June 01, 2017, 10:25:20 AM
 #7

I have new account and I have only 4 transfer, 3 received and 1 send/5.50$ 2X and 0.90$ 0.70$....
I think not up to it...
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June 01, 2017, 12:01:02 PM
 #8

I remember a time when a selling point of bitcoin was that you could send money anywhere for free or at least for hardly anything, I suppose with a fee of $1 or $2 it is still better than a lot of places.

I wonder how the faucets are handling this nowadays, I guess they would need to have a much larger minimum withdrawl limit.
Yeah, man, these days are now long forgotten. And yes, I noticed some faucets raised their withdrawal limits.
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June 01, 2017, 03:57:12 PM
 #9

I have new account and I have only 4 transfer, 3 received and 1 send/5.50$ 2X and 0.90$ 0.70$....
I think not up to it...

A year ago when I am still doing faucets to earn some sathosis I use a web wallet that provide its service with zero fees of transactions. I remember the name is xapo, and I think it still online right now.
Maybe you can use it if they still provide zero transactions fee, it's really worth it to use when you usually do small transactions.

BookeyBitMan (OP)
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June 02, 2017, 05:55:53 AM
 #10

Xapo, greate support.
Xapo transaction fee

- Xapo to Xapo: FREE

- Xapo to other: Miner fee (option to pay either https://support.xapo.com/what-is-the-difference-between-a-standard-or-high-priority-transaction-fee/view=faq )
With standard priority fees, your transaction should get mined approximately within the next 6 blocks on the blockchain. If the bitcoin network is congested (you can always check the blockchain's volume https://statoshi.info/dashboard/db/transactions), there can be a delay in the mining of the transaction.
By selecting high priority fees, your transaction should be mined approximately within the next 1-2 blocks on the blockchain. If you choose to pay this higher fee, you will be giving the miners a larger incentive to mine your transaction faster than normal transactions!


- Other to Xapo BTC wallet: Free (unless you're receiving small transactions, in which you are charged a fee and need to check this fee page http://in.xapo.com/fees/)

More than BTC 0.00117345: 0
Between BTC 0.0007823 and BTC 0.00117345: BTC 0.0007823
Less than BTC 0.0007823: Total amount received

-Other to Xapo fiat currency wallet: BTC/FX exchange rate
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June 02, 2017, 07:08:52 AM
 #11

I remember a time when a selling point of bitcoin was that you could send money anywhere for free or at least for hardly anything, I suppose with a fee of $1 or $2 it is still better than a lot of places.

I wonder how the faucets are handling this nowadays, I guess they would need to have a much larger minimum withdrawl limit.
Yeah, man, these days are now long forgotten. And yes, I noticed some faucets raised their withdrawal limits.
They will surely raise their limit because on the fees itself it would not be already sufficient when someone do decide to make withdrawals. Ive been using coinbase as of now and their withdrawal fee is on the minimal of 0.001 btc which is already high for me. Its between $2-3 as i converted it,its really a great change and somehow dismayed me on using or making some transfers.

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June 02, 2017, 09:39:57 AM
 #12

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks

I had 99.6K(0.000996 btc) satoshi on my blockchain wallet. I loged in my wallet by chrome browser. When I try to sent my btc blockchain wallet says I have available 0.000122 btc to sent without miner fee. Then I download blockchain mobile wallet app and log in to my wallet by it. And I have able to sent 0.0007529 btc with a fee of 0.0002431 btc. I will suggest you to download the app and try to sent the transaction. I think it will helpful for you for sending the transaction. But the transaction may take long time to confirm for giving low fee.
Download the blockchain wallet mobile app from here-

https://play.google.com/store/apps/details?id=piuk.blockchain.android&referrer=utm_source%3Dgoogle%26utm_medium%3Dorganic%26utm_term%3Dblockchain+apk&pcampaignid=APPU_1__C8xWevSBMrrvAT_1KrIBg

You can check my transaction here-
http://blockchain.info/tx/4e4bbc00f38f9c2fb087e46f172708b7b7043959833f9c11f26d3d5a2906ca7b

R


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June 02, 2017, 11:05:35 AM
 #13

yes i have got same experience with you that must give high fee to sent a transaction with around $2 its suggestion from blockchain, when i try to give lower fees its never confirmed then my balance back to my wallet after i give fee amount from blockchain suggestion its confirmed faster, i think its because the transaction size give higher we will get confirmation faster
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June 02, 2017, 09:47:54 PM
 #14

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks

If you have the private key, you can try to import the key to electrum and set the transaction fee to manual.  You can then set the fee to 15k satoshi and send the transaction.  You can then use https://www.viabtc.com/tools/txaccelerator/  to push your transaction since it only needs a minimum of 10k sat transaction fee to enable the push option to your transaction.
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June 02, 2017, 10:02:07 PM
 #15

yes i have got same experience with you that must give high fee to sent a transaction with around $2 its suggestion from blockchain, when i try to give lower fees its never confirmed then my balance back to my wallet after i give fee amount from blockchain suggestion its confirmed faster, i think its because the transaction size give higher we will get confirmation faster
For now bitcoin isn't suited for small transaction, the fees are too high for sending small amount like 1-5 $ and it is hard to send amount under 1$ especially on the blockchain wallet since recommended fee is too high. I remember the time when we could send 0.4 $ from our wallet but now it seems like impossible. I think you have to wait untill bitcoin price sky rocket so you can send those amount, currently bitcoin works more as digital gold not as payment gateway.
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June 02, 2017, 10:10:28 PM
 #16

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks

You have to deal with that as you have no choice. Fees are everyone's problem now. Just few hours ago, my fees for standard transaction was set to around 160,000 satoshis IIRC, that's almost $4 and that is close to the usual fees Im paying for fiat transfers.

To save fees, send them in bulk or much as possible just transfer if you need to use it. With the current status, I think somehow it removes all micro transactions in the network.

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btcney
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June 03, 2017, 12:53:28 AM
 #17

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks

Simply nothing you can do about it mate. Such is life right now in the bitcoin world. Transactions are pretty darn expensive eh? If you want to do micro transactions then you are better off using a Fiat payment processor, like PayPal.

You could try only paying a 100 SATs per byte fee but submitting your transaction ID to the viabtc transaction accwlerator. Got to be quick though. Basically all spots are taken up in the first few seconds of each hour.
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June 06, 2017, 08:58:34 PM
 #18

The amount that you want to transfer simply can't be covered by the fee's amount. You have to add more money on the wallet to transaction succeed. If you don't like Blockchain value of fees you have to move on another wallet and that's it.
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June 07, 2017, 03:40:33 AM
 #19

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks
Dont bother yourself on transfering that amount because you cant really move it on other address fees arent enough already and you cant just set-up no fee because it would really be stuck.The best thing to do is let those satoshi remain on the wallet and add it up on some amounts later on which you would able to transfer it together with the fees.We cant do anything now because fees are already ridiculously high.

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June 07, 2017, 03:32:41 PM
 #20

I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks
And Its one of real problem of blockchain user especially new comers in this industry. I suggest you choose another wallet service otherwise you always give this decent amount of fees on every transactions. This fee depends on currenct network and transaction size. Nothing can be done about this issue.

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