Bitcoin Forum
May 07, 2024, 12:12:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Bitcoin fees are too low!  (Read 1865 times)
AGD (OP)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
1715040774
Hero Member
*
Offline Offline

Posts: 1715040774

View Profile Personal Message (Offline)

Ignore
1715040774
Reply with quote  #2

1715040774
Report to moderator
hich_ang
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
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)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
AGD (OP)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
Rinaze
Full Member
***
Offline Offline

Activity: 322
Merit: 100



View Profile
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
Legendary
*
Offline Offline

Activity: 2044
Merit: 1008



View Profile
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)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
Rinaze
Full Member
***
Offline Offline

Activity: 322
Merit: 100



View Profile
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)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
Janation
Hero Member
*****
Offline Offline

Activity: 1722
Merit: 528


View Profile
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
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
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
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
August 30, 2017, 02:21:23 PM
 #12

Transaction fees are too high。I think it no good for bitcoin.
Ayers
Legendary
*
Offline Offline

Activity: 2618
Merit: 1023


Seabet.io | Crypto-Casino


View Profile
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
Sr. Member
****
Offline Offline

Activity: 798
Merit: 251


Small Trader


View Profile
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.

                ██████████████████
            █████  █████  █████  █████
         ███████████████████████████████
       ████  ████████████████████████  ███
      ██████████████████████████████████████
     ██  ████████████████████████████████████
    ████████████████████████████     █████  ██
   █████████████████████████████ ▐█▌ ██████████
  ███  █████████████████▌     ██ ▐█▌ ██████████
  ██████████████████████▌ ██  ██ ▐█▌ ███████  ██
  ███████████████      █▌ ██  ██ ▐█▌ ███████████
  ██  ███████████  ██  █▌ ██  ██ ▐█▌ ███████████
  ███████████████  ██  █▌ ██  ██ ▐█▌ ███████  ██
  █████████        ██  █▌ ██  ██ ▐█▌ ██████████
   ██  █████████████████▌ ██  ██ ▐█▌ ██████████
    ██████████████        ██  ██ ▐█▌ ██████  █
     ███████████████████████████ ▐█▌ ████████
      ██  ███████████████        ▐█▌ ███  ██
       ███████████████████████████████████
         ████  ████████████████████  ███
            ██████  ████  ████  ██████
                ██████████████████


IDEX
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

  Start Trading Instantly
  BOUNTY
  Telegram
BrewMaster
Legendary
*
Offline Offline

Activity: 2114
Merit: 1292


There is trouble abrewing


View Profile
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
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
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)
Legendary
*
Offline Offline

Activity: 2069
Merit: 1164


Keeper of the Private Key


View Profile
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!
+++ GPG Public key FFBD756C24B54962E6A772EA1C680D74DB714D40 +++ http://pgp.mit.edu/pks/lookup?op=get&search=0x1C680D74DB714D40
Kprawn
Legendary
*
Offline Offline

Activity: 1904
Merit: 1073


View Profile
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

THE FIRST DECENTRALIZED & PLAYER-OWNED CASINO
.EARNBET..EARN BITCOIN: DIVIDENDS
FOR-LIFETIME & MUCH MORE.
. BET WITH: BTCETHEOSLTCBCHWAXXRPBNB
.JOIN US: GITLABTWITTERTELEGRAM
rockingdrip
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
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
Sr. Member
****
Offline Offline

Activity: 490
Merit: 256


View Profile
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.
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!