Why the transaction price of bitcoin so high?

[BarbieCasino]

I think fees is reasonable as of this moment. Also with the activation of Segwitx2, we expect that the transaction is faster and with having low fees. We have yet to witness after August 1 maybe or are they started already?

yes I am strongly agree with you that the transaction of the bitcoin is very fair and reasonable I don’t think so that bitcoin is taking and charging high transaction fees if we look at the price of the bitcoin as it is increasing very rapidly and it is very famous and relax currency as compare to the other fiat currencies so I think the transaction fees is normal.

[stevano]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

I also experienced confusion in the issue of bitcoin transactions, we were forbidden to transact using a large fee because it will slow the transaction, but why now in the transaction must be with a large fee new transactions we can transport

[vortexz]

on implementation of Segwit, it will be low transaction fees, faster transfer and more movement in bitcoin.

[Kray]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

High bitcoin prices are due to increased demand for bitcoin in the community while the amount of bitcoin in the circulation is limited. In addition, bitcoin prices also increase along with the high specification for mined bitcoins. How long will they take depends on the specification of the device used.

[logicgate]

on implementation of Segwit, it will be low transaction fees, faster transfer and more movement in bitcoin.

Yes you are right the implementation of segwit the bitcoin transaction fees will goes to very low due o this many people attract to the bitcoin, and also now the transfer of bitcoin is very slow and l am also sure the transfer of bitcoin will be very fast after the segwit activation.

[Blackdeath]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

I think bitcoin transaction fee gets higher because it also gets along with bitcoin's price valuw which we can already see that is much larger compared to the usual one when it was newly established. It also rises for the sake of the payment that are used to pay miners for their service on processing the transaction request. It is quite unfair to their part if bitcoin has already increase its price value but they still not experiencing its progress. So better do big transactions so that the transaction fee you will pay is appropriate to the transaction you will do.

[cipotok]

In my opinion reasonable
Karana every time we get bitcoin and make it the original currency how much we can and how much capital we spend, so do not complain too much with the circumstances that the cost of transaction is not how much and imagine how much you get the value of bitcoin.
As long as yaman service and easy I think reasonable so let's think wisely ...

[PhucS]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

In the past half year, the transaction price of bitcoin has risen sharply, many have complained and are unhappy with this and me too. But high transaction prices also have their own reasons. At present, Bitcoin is also popular, more people know about Bitcoin and use it, so the demand for Bitcoin transaction is so high that the system and transaction processing network are slow so the transaction fee must be rise high. So there is a split event on August 1 past. Hopefully this will be improved better.

[Edrian]

because they are not high at all.
you have either never made a bitcoin transaction in last month or anytime before 2017 or you are using a horrible bitcoin wallet that is giving you bad advice for bitcoin fees.

currently you can make a transaction with lowest fee possible (some even reported 1 satoshi/byte) and get it confirmed in next block.

#EmptyMempool

I do agree with the post above. There are alot of transaction where it is low. It depends on the miners fee and your wallet. I always came back on sending more bitcoin from my wallet to the exchange whenever the fee is low and stop when the fee is high.

[cafucafucafu]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

You can change the transaction fees on some wallets just means that it will take longer for confirmations to happen. You can easily make the transaction fee lower via some wallets such as electrum.

If transaction fees were lower the miners would have no more incentive to mine, especially with power being expensive now, all of the miners will be Chinese or Indian since electricity is cheap in those places.

The only 2 rewards miner receive are block and miner fees. Block rewards will slowly decrease so thats why we need these transaction fees.

[HasHe]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

Bitcoin price has increased nowadays as well as transactions have increased in number.But the block size remained the same size as 1 MB.As a result,huge number of transactions started to get stuck and miners started to give priority to only those transactions with high fee.By this way,the transaction fee increasd.But now,due to activation of segwit,it has been almost solved.

[dwieyani]

Current bitcoin transaction costs are very reasonable. With Segwitx2 activation, the transaction will be faster with this very low cost.

[Crenguta Pintilie]

I don't think so the price is high.I think you are new to bitcoin.

[fathur.aza]

Because many are interested in bitcoin then the price is also soaring, If the current network remains as now, then we can only see the increase in bitcoin transaction costs. All journeys need to make transactions to get the intended travel permit.

[shodiqtercinta]

Blockchain fees depend on several factors including network congestion, transaction confirmation times (influenced by liquidity providers) and Blockchain sizes (as measured in kilobytes) affected when converting Bitcoin from multiple earnings entries such as earnings or other micro transactions). In other words, you may have to pay a higher blockchain fee if: the Bitcoin network is busy or dense at the moment. Typically, costs will increase as long as the fluctuations of the value of Bitcoin and the world's major events are sudden; Your Bitcoin wallet has a micro deposit history (such as referral bonus). If your wallet has a large number of small deposits, your transaction size will become larger because it consists of many inputs.

[Glory90]

Why the transaction price of bitcoin so high?

Actually the cost transaction in BTC has not changed (unless the BTC transaction is over loaded, many people use a larger cost so that transactions can be quickly processed) and BTC price increase makes a high fee when compared to the BTC = USD value.

while for mining, increased difficulties that make mining revenues lower

[ReLieD]

It is basically because the fees were fixed according to BTC and do with the increasing prices of Bitcoin , the fees also increased. But that is not how it should work. Soon Segwit was activated and it should reduce the fees . So let's hope it changes something and we have to pay less fees

[Marjo04]

I use coins.ph and its so high tje transaction fee.but even its high fee atleast it was trustable.and the confirmation was so fast also.thats why i its ok to me even its a high fee but sure and fast transaction rather than small fee but not sure .

[mackenzied]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

The answer is very simple. I think you need to understand it in detail. It's like the "supply-demand" rule. Transactions made on a daily basis will provide a premium, and that charge will be paid to the miners. and of course, it will be divided equally. When the number of transactions is constant, the transaction fee is still averaged, but there are too many miners to exploit it, which will be split many times.

[hajimasan]

Why the transaction price of bitcoin so high? I honestly do not understand the reasons for such prices. All say that this is a fee to miners, but how much time need to a regular PC made all the necessary calculations, and their equipment is much faster. Can somebody explain why the transaction price is high, but if you take part in mining the minimal income?

I don't think that price are very high in the current time because price that i seen is not much high according to my daily transaction that i usually made .
The best thing that you can estimate that how much we need to pay for the transaction is the input and output of the transaction .
If you got the btc from 10 persons and want to transfer to a single person then it will take fee high than what you will get charge for the transaction of btc you got from single person.
So here my suggestion for you that don't judge anything until you know exactly about that .
And know only  if you will pay high than you will get priority first from the crowd of the transaction and beside this factor input and output are the main things of increasing fee for the per transaction .