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Author Topic: Bitcoin fees are too low!  (Read 1946 times)
AGD (OP)
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August 30, 2017, 12:00:48 PM
 #1

Have a heart for the poor miners.

edit 20sat/b is way too low.

Bitcoin is not a bubble, it's the pin!
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hich_ang
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August 30, 2017, 12:53:32 PM
 #2

Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.
AGD (OP)
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August 30, 2017, 01:34:08 PM
 #3

Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.

proof?

Bitcoin is not a bubble, it's the pin!
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AGD (OP)
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August 30, 2017, 01:36:58 PM
 #4

Transaction fees are getting bigger and bigger. I don't see where bitcoin fees are low.

Do you think 20sat/b is high???

Bitcoin is not a bubble, it's the pin!
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Rinaze
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August 30, 2017, 01:38:35 PM
 #5

BTC transaction fees are consider high personally to me as long as micro-payment is not possible.

Netnox
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August 30, 2017, 01:39:28 PM
 #6

Have a heart for the poor miners.

edit 20sat/b is way too low.

These "poor" miners are getting BTC12.5 as the block reward right now. They don't need revenues from transactions. When the block reward becomes less than BTC1.00, we can consider rising the fee. Until then, we need to keep the fee low, so that more people will use Bitcoin rather than any of these altcoins.
AGD (OP)
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August 30, 2017, 01:40:49 PM
 #7

BTC transaction fees are consider high personally to me as long as micro-payment is not possible.

Considered? You have a proof to your statement or not? Did you do a transaction and tried a low fee or are you just sig spamming and have no clue wtf are you talking about?

Bitcoin is not a bubble, it's the pin!
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Rinaze
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August 30, 2017, 01:45:50 PM
 #8

BTC transaction fees are consider high personally to me as long as micro-payment is not possible.

Considered? You have a proof to your statement or not? Did you do a transaction and tried a low fee or are you just sig spamming and have no clue wtf you are talking about?
You sound like you are looking for a fight rather than having a fruitful discussion. I say this not only to just your reply to mine but the rest too. I can say the same for you too by the way, it's not like you are not putting on a signature.

But to entertain you.. try sending $2 across and receive it (hopefully there's still "it") in less than 5 mins. Have fun!

AGD (OP)
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August 30, 2017, 01:58:06 PM
 #9

BTC transaction fees are consider high personally to me as long as micro-payment is not possible.

Considered? You have a proof to your statement or not? Did you do a transaction and tried a low fee or are you just sig spamming and have no clue wtf you are talking about?
You sound like you are looking for a fight rather than having a fruitful discussion. I say this not only to just your reply to mine but the rest too. I can say the same for you too by the way, it's not like you are not putting on a signature.

But to entertain you.. try sending $2 across and receive it (hopefully there's still "it") in less than 5 mins. Have fun!

Bitcoin is not made to send money in 5 minutes. Don't you know about the 10 Minutes blocktime?

Bitcoin is not a bubble, it's the pin!
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Janation
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August 30, 2017, 02:06:44 PM
 #10

Have a heart for the poor miners.

edit 20sat/b is way too low.

I think Miners now are thinking and caring about the bitcoin users that is transacting a low number of bitcoins, you know, the ones that complain about the transactions having a great miners fee. Users must be thankful the miner's agreed to this.
grermezter
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August 30, 2017, 02:14:22 PM
 #11

Have a heart for the poor miners.

edit 20sat/b is way too low.
One cannot deny that the transaction fees have greatly reduced since yesterday and has reverted back to about $0.30 per each transaction and surprisingly it takes about 15 to 20 minutes for the transaction to be confirmed which was quicker than when we paid high fees in the past.

slacken
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August 30, 2017, 02:21:23 PM
 #12

Transaction fees are too high。I think it no good for bitcoin.
Ayers
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August 30, 2017, 02:31:08 PM
 #13

Have a heart for the poor miners.

edit 20sat/b is way too low.

they are 420 satoshis/byte, where do you get 20 sat from? they are still very high, but it's because segwit is not used i think, otherwise should be lower

dimastegar
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August 30, 2017, 02:36:08 PM
 #14

Bitcoin Transaction fee is low. I think that's natural. Because miners with small capital will lose with big capital. This is a pure Crypto system. Do not worry too much about the rich or poor miners. Because there is a price there is no way.

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BrewMaster
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August 30, 2017, 02:40:28 PM
 #15

Have a heart for the poor miners.

edit 20sat/b is way too low.

they are 420 satoshis/byte, where do you get 20 sat from? they are still very high, but it's because segwit is not used i think, otherwise should be lower

transactions with fees as low as 20 satoshi/Byte are being confirmed actually.
as a matter of fact i was going to say the same thing but checked a couple of last blocks that were mined (mostly the BitFury blocks though) had many transactions with such low fees.
they surely will take a longer time though since the mempool is filled with transactions with much higher fees according to bitcoinfees.21.co

There is a FOMO brewing...
kuyaJ
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August 30, 2017, 02:52:29 PM
 #16

Have a heart for the poor miners.

edit 20sat/b is way too low.

i think miner cannot take a low fee because every times that bitcoin rise the value rise so they are not lack of money but the fee become high for the transaction.
AGD (OP)
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August 30, 2017, 02:52:47 PM
 #17

Have a heart for the poor miners.

edit 20sat/b is way too low.

they are 420 satoshis/byte, where do you get 20 sat from? they are still very high, but it's because segwit is not used i think, otherwise should be lower

transactions with fees as low as 20 satoshi/Byte are being confirmed actually.
as a matter of fact i was going to say the same thing but checked a couple of last blocks that were mined (mostly the BitFury blocks though) had many transactions with such low fees.
they surely will take a longer time though since the mempool is filled with transactions with much higher fees according to bitcoinfees.21.co

I never paid 420sat/b. Only exception is on 20th of April.
I always pay 20-30sat/b and I don't mind if it takes 10-60 Minutes.

Bitcoin is not a bubble, it's the pin!
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Kprawn
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August 30, 2017, 03:30:24 PM
 #18

Fck them, they have been exploiting loopholes in the mining scene for years now and profiting off every spam attack. I will

never pity their demise, even if they are crucial to the whole network. I am sooooo sick of them {some of them}.... throwing

their weigh around. We would have been to the Moon, if they were not this greedy.  Angry

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rockingdrip
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August 30, 2017, 03:46:44 PM
 #19

Some says it is too high and some says it is too low. I am confused.
skorupi17
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August 30, 2017, 04:10:11 PM
 #20

Have a heart for the poor miners.

edit 20sat/b is way too low.

Miners signed up to be a miner so they have to take whatever amount of tx fee the sender want to add. That is just the way it is. And to think that miners can have block rewards, so these miners should be happy because they are receiving tx fees.

Some says it is too high and some says it is too low. I am confused.

You can adjust the how much sat/b do you want to pay for the tx fee. So you can pay low or high fees.
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