Bitcoin fees are too low!

[AGD]

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

What would YOU call 20sat/b? High or Low?

[iamTom123]

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.

We are expecting Bitcoin to gradually improve and with another fork this November we should be seeing a better and more efficient Bitcoin by next year. This is what we are signing Bitcoin for and this is what Bitcoin should be known for...fast, effective, efficient and cheap. As to why it took the Bitcoin community years before finally arriving at SegWit, that is telling us that we are also humans here and hence can be victims of our own human nature. Hopefully, this would not be just temporary but must be truly permanent.

[boyptc]

Yeah 20sats/b is very low but sad thing is when on this Earth I can experience again to have this amount of fee when sending some bitcoins. Way to go, I understand on what's the purpose of the title and supported by an edit 20sats/b  keep on complaining with the fees. One day there will be a delightful day when everyone will be saying again the fees are very very low.

[SUDARMONO]

Yes you think maybe the low bitcoin cost is due to the small bitcoin fractional value, but if compared to the currency of each country the cost of bitcoin can look high, but I think the bitcoin cost is moderate, not expensive and also not cheap ,, Live we see from the perspective alone, that's it if I think

[xypos]

Have a heart for the poor miners.

edit 20sat/b is way too low.

20 sats/byte is probably too low, but has it reached that stage yet? No.

I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees.

Not sure what you are trying to get at here, honestly.

[alyssa85]

The only reason it's low at the moment is that the difficulty reduction (caused in part by miners switching to BCH) is causing mining to happen at 7 blocks an hour. The extra blocks are enough to clear the mempool. When the difficulty goes back up again, the mempool and fees will rise again.

[Pursuer]

Have a heart for the poor miners.

edit 20sat/b is way too low.

20 sats/byte is probably too low, but has it reached that stage yet? No.

I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees.

Not sure what you are trying to get at here, honestly.

it seems like OP is mostly trolling. fees are not 20 and they are not 450 either. it is somewhere in between most of the time around 120 s/b to get a high priority (get a confirmation within next couple of blocks) and during the times when mempool goes towards the moon it becomes more expensive temporarily.
of course 20 s/B or even 1-2 s/B transactions can also be confirmed but you can't rely on that specially if you want to get the coins fast like when depositing to an exchange to make a trade, you can't wait half a day or longer!

[jtipt]

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

Which wallet are you using man? A 20-30sat/b is getting confirmed within 10-15mins. Some wallets are purposely suggesting very high fees, I don't know why but they are. Better using a custom fee.

[Emily_Green]

As for me,  low fees are one of the advantages of Bitcoin. If we take it, than the smaller number of people invests in Bitcoin. They will start investing in another cryptocurrency with better conditions.

[btcarrier86]

Too much threads on the forum about high fees and now its low. How come?

[Adbitco]

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.

If miners are poor then we are the poorest so yes miners should have a heart for us instead.

[AGD]

Have a heart for the poor miners.

edit 20sat/b is way too low.

20 sats/byte is probably too low, but has it reached that stage yet? No.

I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees.

Not sure what you are trying to get at here, honestly.

You can send any amount for a 20sat/b and it will get confirmed. If you pay more, it's not Bitcoins fault, but mostly the wrong wallet, that forces you to pay more.

[AGD]

Have a heart for the poor miners.

edit 20sat/b is way too low.

20 sats/byte is probably too low, but has it reached that stage yet? No.

I still have to pay close to 450 sats/byte on my transasction and it has only increased over the past few days, with no signs of slowing down honestly. IF the transaction fee was at 20 sats/byte and the block reward has halved then miners would probably be disincentivized, but right now miners are making bank off tx fees.

Not sure what you are trying to get at here, honestly.

it seems like OP is mostly trolling. fees are not 20 and they are not 450 either. it is somewhere in between most of the time around 120 s/b to get a high priority (get a confirmation within next couple of blocks) and during the times when mempool goes towards the moon it becomes more expensive temporarily.
of course 20 s/B or even 1-2 s/B transactions can also be confirmed but you can't rely on that specially if you want to get the coins fast like when depositing to an exchange to make a trade, you can't wait half a day or longer!

There might be a little trolling and clickbait in my title, but I think it's the accurate answer to all the 'Fees are too high' shills.

[Casdinyard]

I dont want to point fingers but.. it is a funny post or sarcastic?
fee's arent low but that is my opinion.
I would love to see them low AF once the segwit networks gets mainstream

Yeah like Im just confused with the low fee as now we are experiencing high fee.
Like what is all about? Actually we all want low fee like before but as the price is increasing the fee is also increasing and this is the reality. Oh I would love to see this but this will be all just a dream. Hope soon with the help of segwit the block will increase as the fee gets low.

[iluvpie60]

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.

A good website to see the price for transactions and what is happening in the mempool   https://jochen-hoenicke.de/queue/#24h

It shows how many unconfirmed transactions, the price people are paying in fee.

Right now it spiked, but over the last few days/week the price has been so cheap that fees of like 20 cents and 30 cents are going through.

Now is a good time to move some bitcoin around and or spend it!:)

[Boseda]

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

What would YOU call 20sat/b? High or Low?

It may be high or low. It depends on various factors: how much you need to spend, how many bytes the transaction is and how fast you wanna to get confirmations. If you large amounts of inputs, wanna make a micro-payment, well, that's definitely too high.

[SimonJones]

Fees are high for low value transactions and low for high value transactions. So it depends on how you see it.

[miguelmorales85]

what you all think about the fees nowadays?
Without all the spam the fee are really low but dont worry you can set the TX fee to 0.001 to feed all those POORS miners.. 

[tristan1960]

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

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

Who pays 20sat/byte? I've never paid less than 80 sat/byte so far within last 4 months. Sometimes I pad more than 200satoshi per byte? If you're a miner, you're a bad miner, if you're just messing around it, this is not cool.

Bitcoin obviously has high fee and low speed problems at the moment.

[ObscurePen]

What do you mean 20 satoshi per byte? Are you paying that much for a transaction? At the moment BitcoinFees21 says that the cheapest and most fastest transaction can be achieved by paying at least 300 satoshi per byte. And you are paying 20 satoshi per byte? HOW!?

I had to pay 2 dollars for a 6 dollar transaction. I have no idea how much satoshi that is per byte, but it is at least above 500 satoshi per byte. And to be honest, I wouldn’t mind a transaction fee of 20 satoshi per byte. In fact I would dream of that. Such a rate consistently would be amazing and it will really help Bitcoin earn more reputation. Consistently is a key word. I paid in the morning a transaction with a  rate of 5 satoshi per byte, but I mostly pay rates of around 200 satoshi per byte.