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

[Seansky]

snipped...

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.

what you are saying in OP and what you quoted is regarding transaction fees not block time!
let me break it down for you.
you paid $2 in bitcoin, which has been the popular coin for 8-9 years and has been handling lots of transactions daily with its blocks full for about a year and has had a mempool full of 50K to 80K unconfirmed ones and block time is 10 minutes on average.

in ethereum you will have to pay the same amount of fee and it is not even popular for transaction making but only for trading, the number of daily transactions for ETH is 1/4 of bitcoin and bock time is 15 seconds (~40 times faster) and doesn't have any backlog and there is no blocks are full. but the fees have been rising faster than bitcoin!

now you choose between them for your transactions!

You apparently don't understand Ethereum operates (gets updates) --- differently (better management), and that Bitcoin has a chance to adjust as well, or else you help provide support for BTU.

In that case you are stuck in that past. Like AOL and Yahoo!

Anyway, I will for sure be supporting Bitcoin Unlimited because of posts such as yours.

Caveman!

BTU is not the solution to the problem we have at hand. It is just another bullshit proposal and segwit or segwit2x is the best solution not BTU. What anyone says is irrelevant to you though you just want to express your support for bitcoin unlimited, I guess we have our own opinions so I won't say that you are wrong for supporting it.

[ufaiz50]

indeed many are turning to eth because of the smaller transaction fee but that's my opinion has been a long  that's happen but in fact bitcoin is still widely used especially for large-value transactions. for the transaction itself eth already take over bitcoin but as number one of cryptocurrency bitcoin still far standing above eth.

[pooya87]

indeed many are turning to eth because of the smaller transaction fee but that's my opinion has been a long  that's happen but in fact bitcoin is still widely used especially for large-value transactions. for the transaction itself eth already take over bitcoin but as number one of cryptocurrency bitcoin still far standing above eth.

it is not true at all. people have only turned to ethereum because it was pumped and made them a good amount of money. they have been doing that for years with different altcoins and this time they did that not only with ETH but with a lot of other altcoins. take a look at their price history and you will see!

but they certainly did NOT turn into eth because of its transaction fees because if you have take some time to read previous comments you can see the screenshot i shared in page 2 about the extremely high transaction fees of ethereum. and besides nobody makes any transaction on ETH because there is no reason to do so apart from participating in an ICO or moving funds between your wallet and exchange wallet!
and if anybody wants cheaper transactions there are a LOT of other altcoins with nearly free transactions such as Dogecoin! or LTC

[arimamib]

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 ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

[carlfebz2]

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 ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

I wouldn't argue with this since I experience the fast confirmation of ETH transactions I can say that its a lot way better than on the current state of bitcoin, there might people who do use ETH as of now over bitcoin but we cant really remove that people do always love bitcoin inspite of its problem regarding on high fees.I don't know on whats ahead on bitcoin path if this would continue. $2 fee is already average as of now I guess.

[Amph]

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.

So sad that the dev team are not doing anything about it. It has been an issue for the high price for every transactions we make. And we'll never know too, if and if Ethereum will take over Bitcoin and will become over populated do you think this issue won't happen all over again?

they are doing what they can but the ultimate decision is based on consensus, not on centralized team behind bitcoin that decide everything, and the OP is forgettign that ETH also has under the table a thing like raiden network that will work like the LN

this mean that they are not in a position to de-throne bitcoin without any addition

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 ethereum the best way for make a transaction for right now. its only about 2-3 minutes.

not accepted in any shop like bitcoin, therefore having a cool time on tx means nothing to me, it's a useless coin for now

[haroldtee]

This is actually becoming extremely alarming and I hope the devs will do something soon. Paying that much for such a lengthy period of transaction is just a NO NO. Dragging this scaling issue and not uniting will cause more harm than good for the bitcoin community giving chance for an alternative to take over the throne which I'm sure no bitcoin enthusiast wants.

[DoublerHunter]

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.

The only thing that i know why ethereum is going up and trying to take over bitcoin is because of its smart contacts that are mostly ICOs and that is the only thing why the price is crazy and always going up to the highest point. Ethereum will be just for smart contacts while bitcoin can be the currency itself and we should not be complaining to the fees and speed of transaction because it is part of the growth and the people in the team of bitcoin are really working hard to find solutions for these like Segwit.

[Silberman]

I don't know in which mutli verse you are living in but the last time i checked the average transaction fee for ethereum was around $1.4 for each transaction. So it doesn't matter which coin you use, you will end up paying the same amount of fees

This, the day you could send dust from one side of the planet to the other almost free are over, we must accept it and move on, yes there are problems with the network but these problems are being addressed and will eventually be solved, but still I do not think we are going to go back to those days.

[ynatopak14]

until now it is happening here in philippines though they shortended the time .. the fee still at high cost

[xskl0]

SAD! For this reason now I use only Bitcoin Cash

[25hashcoin]

Use Bitcoin Cash. I gave up on segwit high fee coin.

[zuliph9]

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

[25hashcoin]

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

Nope, just waiting for merchants and services to pivot to Bitcoin Cash. Won't be long.

[Monnt]

SAD! For this reason now I use only Bitcoin Cash

Agreed, a bit worrying

I recently bought both coins - can't use bitcoin cash since no one accepts it yet and can't use btc since it's asking for 2.50$ on a 10$ tx

Are we really waiting for lightning to fix this ?

Nope, just waiting for merchants and services to pivot to Bitcoin Cash. Won't be long.

Well…too bad to see things roll out this way. You know, what is the Lightening Network even made for? I thought the Lightening Network has been released because I came Bitfury website where they discussed their successful taste of the lightning network…but I’m still seeing nothing. Hope it gets implemented soon, and let me see how it works out.

[BitcoinBarrel]

Try selling/trading gold and then come back and talk about fees.

[iamaruf]

Now Bitcoin transaction taking too much time.A few days ago I send Bitcoin another address which was very urgent.And I pay the 18$ fee for the fast transaction.Miners accepted within 2 minutes.But it took about 7-8 hours to confirm my transaction.which was expensive and boring.

[skyline247]

Now Bitcoin transaction taking too much time.A few days ago I send Bitcoin another address which was very urgent.And I pay the 18$ fee for the fast transaction.Miners accepted within 2 minutes.But it took about 7-8 hours to confirm my transaction.which was expensive and boring.

You paid $18 fee?!

This is too much my friend. You must be sending a whole lot of Bitcoin to pay an $18 fee. Well, I suppose that actually you raised the fee very high for this high priority transaction. Hopefully there will be measures in place to lower fees in the future to save us money.

[danherbias07]

I have sent $30 and paid $2 and waited 24hours but that doesn't mean after that I will say ethereum will take over. 
Do you really think you could pull all the people by just this one problem? It happened to most of us not just you but we are still here. Try to understand how many out there are just sending low fees. Hell, even VIABTC's 100 hash accelerator are depleted in just minutes and every hour that does happen. Why do you think that is happening? You are not the only user here and the number of users that are doing transactions is not equal to the number of miners that confirms it.

[Doms]

The fees have somewhat increased after the August 1 event. Prior to that, there was a period of maybe two or three weeks when the transactions where confirmed quickly and fees were average. Now, it takes over a dollar to send a $20 transaction, which I think is still fair, for as long as the waiting time don’t last for over an hour. I think since the hard fork, many people had their confidence back in doing transactions which leads to a bit of congestion that results in higher fees and slower processing times.