It cost me $2 + 12 hours to send $25 in BTC now

[Celsiuss]

This is really sad, spending bitcoins is becoming harder and harder, and I hope ethereum will take over as it seems like a more ideal coin to use because of fees and confirmation times.

[asdalani]

Makes more sense to send fiat, wouldn't it?  I mean seriously, spending 10% just to pay for something or whatever, that's insanity.  It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees.  Did you need to do this transaction with bitcoin?

I'm quite tired of this myself.  The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee.  Others are just ripoffs.

That’s why people shouldn’t spend money that they plan on spending within the year. Bitcoin investments should only be placed in such a manner where the money won’t move unless the investor plans on cashing it out when the price goes up. If that investor plans on cashing out his Bitcoin then he/she won’t get back into Bitcoin because it wouldn’t make any sense for him to do so.

[lighpulsar07]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Yes ethereum will take over if this confirmation delays keeps up but the DCG and the other 58 companies world wide along with the miners signed the bitcoin scaling agreement. So we will have segwit sooner and a 2mb hardfork.I know this confirmation delays pissed you off but we have nothing to do about it.

[shinratensei_]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

If you have tried for using the recommended fees from the blockchain and I think you will get low fees. Read this https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77
I think so, there is a chance for ethereum to take the bitcoin's place. The ethereum chain can be processed up to 40 Txs in a second.

[ImHash]

Then use Ethereum you little noob, let bitcoin for grown ups. developers have nothing to do with this, they are not employees of any where or anyone, there are no organization to pay them for their job, they have zero obligation and it's no one's job actually to do anything for bitcoin, they only propose changes that's all, it's up to miners to activate any proposals.
I honestly don't know how you managed to pay $2 and wait 12 hours, because I'm doing at least 1 transaction every day paying $1 up to $2 and it confirms less than 30 minutes.

[ProfessionalGoogler]

Then use Ethereum you little noob, let bitcoin for grown ups. developers have nothing to do with this, they are not employees of any where or anyone, there are no organization to pay them for their job, they have zero obligation and it's no one's job actually to do anything for bitcoin, they only propose changes that's all, it's up to miners to activate any proposals.
I honestly don't know how you managed to pay $2 and wait 12 hours, because I'm doing at least 1 transaction every day paying $1 up to $2 and it confirms less than 30 minutes.

You remind me of Wells Fargo.

I use blockchain.info as I mentioned before.

[DOGE12321]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Yeah transaction fees and confirmation times are becoming a major issue in the Bitcoin community. I have faced a similar issue with a slightly higher transaction. The only suggestion that I can give is to use accelerators and place the fastest and most economical transaction rate. At the moment this is 450-satoshi/byte. This website will keep you updated on the rate: https://bitcoinfees.21.co/

[Astvile]

Dude just try to understand the state of bitcoins and its network now,bitcoin network now is facing too many spam attacks and problems so they took longer to confirm transaction now matter how high is the fees.It is a normal situation right now

[Tyrantt]

 Well we're  all hoping for the segwit implementation on 1st of august and for this fee problem to be fixed. For the transaction of 0.015btc I use about 1.5$ for transaction not to get stuck as I've had that problem before. Bitcoin just needs to survive, safety is the priority.

[jubalix]

IOTA $0 fees forever.

and you wonder why it has a 2B MKT CAP

[Silberman]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

It is an issue and it is so important that the developers already created a solution for it in the form of segwit the problem is that it has not been activated, and it seems they have taken another approach by using BIP 148 UASF, basically they will reject any blocks that are not signaling segwit support, this is in my opinion a risky maneuver but it shows that the developers care about the speed of confirmation.

[pooya87]

It cost me $2 + 12 hours to send $25 in BTC now
Ethereum will take over Bitcoin if this keeps up.

[sarcasm mode: on]
this is the most rational argument i have ever heard. ethereum will replace bitcoin soon, we will go to ethereum and pay $1.5 per transaction instead of paying what OP paid ($2) and if the eth tx fee trend continues on this path we will soon pay $21 per transaction in 3 months (another 1300% rise).

lets all switch to ethereum right now, transactions are so cheap



https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3m

[krishnapramod]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Yeah, the current situation is definitely making bitcoin unusable for smaller transactions, around 10 to 15% in fee and if you are sending $20 or $200 the fee is the same in bytes.

The developers and the majority wants Segwit to be activated, but it could be done by two means and this is where the problem starts. BIP 148 would activate Segwit without much cooperation from miners and there is Segwit2x, Segwit + 2 MB block size increase.

Segwit2x (hard fork) would start running from July 21, https://segwit2x.github.io

BIP 148 would be deployed on August 1.

Both of them have a the same agenda, to activate Segwit, but they are not compatible with each other. And a collision between these two would split the chain.

It is highly likely that BIP 148 would be deployed on August 1.

The fee is an issue and would be until August 1 and if the chain splits fee would not be the only thing we would be worrying about.

[leyton11]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Sure, I will choose ETH if I need send money now because it fast more and fee lower than BTC, when BTC can fix issue confirm transaction slow and hight fee, I will comeback to it. I just wait in end yaer 2017 Bitcoin Segwit!

[Pearls Before Swine]

Makes more sense to send fiat, wouldn't it?  I mean seriously, spending 10% just to pay for something or whatever, that's insanity.  It's incentive to use cash money and not bitcoin...or at least an altcoin with lower fees.  Did you need to do this transaction with bitcoin?

I'm quite tired of this myself.  The blockchain wallet, which is what I use, while generally not too bad, has a sort of low fee.  Others are just ripoffs.

And just how are you going to send that money? If you're buying a good or service PayPal will charge $1.025 and it takes a lot longer to get the money and have it be spendable. You could do a bank wire for $15, or a money order for $1.25 and again a much longe time. You could throw it in an envelope and pray that it makes it, but I don't see how sending fiat could be better in anyway.

Ehhh...I got a PayPal debit card, so it's spendable to immediately.   And I don't know what you're talking about as far as that fee goes.   I don't pay anything when I spend PayPal.  Maybe that's just a U.S. thing.

[RoommateAgreement]

It cost me $2 + 12 hours to send $25 in BTC now
Ethereum will take over Bitcoin if this keeps up.

[sarcasm mode: on]
this is the most rational argument i have ever heard. ethereum will replace bitcoin soon, we will go to ethereum and pay $1.5 per transaction instead of paying what OP paid ($2) and if the eth tx fee trend continues on this path we will soon pay $21 per transaction in 3 months (another 1300% rise).

lets all switch to ethereum right now, transactions are so cheap



https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3m

i have found out that most people who say an altcoin is better than bitcoin and will replace it have never used an altcoin in their lives before which is why they only THINK they are better.
i doubt OP even has an ethereum wallet to know what is going on and how much fees that shitcoin will cost him! he is just hyped up because ETH is being pumped...

[Juggy777]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

Well I do understand your frustration op, I realised the same when I was trying to send 0.84 $ and I had to pay 2$ in fees so I junked the transaction. Well the fees is a big pain, but to say eth will take over no I don't agree with it, eth is a alt it always will be a alt, alts come and go Bitcoin is here to stay strong. Eth is only being marketed well and hence I am bit wary of it in the long term.

[ProfessionalGoogler]

It cost me $2 + 12 hours to send $25 in BTC now
Ethereum will take over Bitcoin if this keeps up.

[sarcasm mode: on]
this is the most rational argument i have ever heard. ethereum will replace bitcoin soon, we will go to ethereum and pay $1.5 per transaction instead of paying what OP paid ($2) and if the eth tx fee trend continues on this path we will soon pay $21 per transaction in 3 months (another 1300% rise).

lets all switch to ethereum right now, transactions are so cheap



https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3m

i have found out that most people who say an altcoin is better than bitcoin and will replace it have never used an altcoin in their lives before which is why they only THINK they are better.
i doubt OP even has an ethereum wallet to know what is going on and how much fees that shitcoin will cost him! he is just hyped up because ETH is being pumped...

I have only ever believed in BTC and ETH and show support for BTU. You can make stuff up all you want. Does not make it true.

Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".

During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality.

[bill gator]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

I don't know why you think Ethereum would be any better if equally as many people used it, or if everyone switched as you're suggesting. It would be victim to the same problems that you're experiencing now; the solution isn't to run away From the problem to deal with it another day, we need to discuss how to make the Bitcoin protocol better and more accountable to the influx off transactions that follow price changes!

[ProfessionalGoogler]

Still no one on the dev team considers this an issue?

I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..

Blockchain.info now has 2 different fee modes to send, both of which are high.

Ethereum will take over Bitcoin if this keeps up.

I don't know why you think Ethereum would be any better if equally as many people used it, or if everyone switched as you're suggesting. It would be victim to the same problems that you're experiencing now; the solution isn't to run away From the problem to deal with it another day, we need to discuss how to make the Bitcoin protocol better and more accountable to the influx off transactions that follow price changes!

Ethereum tackles the solution and continues to do so - you can be blind all you want and believe what the trolls here say, still does not make it true.

Due to advances in blockchain research, it was shown that significantly lower block times were possible and perhaps beneficial given the current connectivity of the internet. One of the potential risks of a low block time is a higher rate of orphaned blocks (competing blocks that do not make it into the main chain). To counter this, a GHOST protocol is used which pays for these orphaned blocks (known as uncles), adding to the security of the main chain. Instead of the main chain being "longest", it is instead "heaviest".

During the development of Ethereum, several different times and targeting algorithms were tested, eventually settling around 15s. Due to the specific total difficulty calculation used, the actual time between blocks is currently around 17 seconds, however a change scheduled for Homestead will hopefully alter this closer to 15 seconds. This is only proposed as a temporary solution, as Ethereum intends to transition to proof-of-stake, potentially offering near-instant finality.