Bitcoin Forum
December 12, 2024, 12:43:30 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: $13 fee to transfer $600 in bitcoin  (Read 514 times)
nikhil0416 (OP)
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
November 13, 2017, 11:43:01 PM
 #1

My bank can do transfer money for free. Damn
emuLOAD
Sr. Member
****
Offline Offline

Activity: 328
Merit: 252


View Profile
November 13, 2017, 11:44:29 PM
 #2

just get rid of all these cumbersome bitcoins, I'm sure people will be very happy to take the pain away ^^
nikhil0416 (OP)
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
November 13, 2017, 11:50:57 PM
 #3

Those fees will kill bitcoins. And your fees seem much lower than other fees I have seen today.

I have no idea how this work, but I hope those miners who curses those high fees will be blacklisted from the blockchain soon.


Well Coinbase is automatically adding such high fees to transactions without giving any options to set fees for their customers.
howard.ashoul
Full Member
***
Offline Offline

Activity: 140
Merit: 101


View Profile WWW
November 13, 2017, 11:51:36 PM
 #4

Yeah, we need lower fees!  Embarrassed

My cryptocurrency portfolio: http://www.coinparator.com/. Track your coins rates for free, no registration!
layoutph
Sr. Member
****
Offline Offline

Activity: 1372
Merit: 255


View Profile WWW
November 13, 2017, 11:52:40 PM
Last edit: November 14, 2017, 04:28:41 AM by layoutph
 #5

This is very disappointing. Lack of miner is the reason behind this. I heard Roger Ver has a negotiation with large group of Chinese miners to abandon Bitcoin (BTC) and mine Bitcoin Cash instead.

My bank can do transfer money for free. Damn
drm
Legendary
*
Offline Offline

Activity: 1176
Merit: 1005


View Profile
November 13, 2017, 11:56:13 PM
 #6

That's not that bad when you compare it to a lower value transaction. Like when you want to pay someone a tenner or 20.
But I agree, btc can't compete as a currency like this.
javadsalehi
Member
**
Offline Offline

Activity: 364
Merit: 13


View Profile
November 13, 2017, 11:56:36 PM
 #7

This is very disappointing. Lack of miner is the reason behind this.

My bank can do transfer money for free. Damn

Yes. Lack of miners. But there was no problem till 2 days ago. Where are those miners who were mining?
jc89
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
November 13, 2017, 11:58:54 PM
 #8

My bank can do transfer money for free. Damn

Then sell all your Bitcoins and go back to the traditional fiat monetary system. We've seen this coming. Over time, the fee for transactions in Bitcoin has been continually increasing. I admit that this is not practical at all. Hell, we need much more lower fees. However, due to some greedy miners out there that somehow manipulate the transaction processes, there is no option but to increase fee. It is also caused by the current attack on Bitcoin's blockchain. They are clogging Bitcoin with numerous micro transaction requests. Thus, in order to make our transaction faster, we have to increase the fee.

This will all stop when the attack stops and will be prevented when Bitcoin starts to scale.

.
                ▄▄▄▓▓▓▓▓▓▓▓▓▓▄▄
            ▄▄▓▓▀░░░░░░░░░░░░░░▓▓▓▓
          ▄▓▓░░░░░▄▄████████▄▄░░░░░░▓▓
        ▄▓▀░░░░██████████████████▄░░░▓▓▌
       ▓▓░░░▄██████████████████████▄░░░▓▓▄
      ▓░░░░█████████████████████████░░░░▓▄
     ▓▓░░░████████████████████████████▌░░░▓
    ▐▓░░░▓████████████░░░░░████████████░░░▓▓
    ▓▓░░░█████████████▓████▓███████████▌░░▐▓
    ▓▓░░░█████████████▓████████████████▌░░▐▓
    ▐▓░░░▓████████████▓░██░████████████░░░▓█
     ▓▓░░░████████████▓░██████████████▌░░░▓▌
      ▓▓░░░███████████▓██████████████▀░░░█▌
       ▓▓░░░░█████████▓▄███████████░░░░█▀
        ▓▓░░░░░██████████████████▀░░░░▓█
          ▓▓░░░░░░▀██████████▀▀░░░░░▓█▀
            ▀▓▓░░░░░░░░░░░░░░░░░░▓█▀
                ▀▓▓▓▓▓▓▓▓▓▓▓██▀▀▀
██
██
██
██
██
██
██
███ BRIDGING MARKETS ███
AN ALL INCLUSIVE ECOSYSTEM
██
██
██
██
██
██
██
██  Social Media  ██
██▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
██
nikhil0416 (OP)
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
November 14, 2017, 12:04:06 AM
 #9

My bank can do transfer money for free. Damn

Then sell all your Bitcoins and go back to the traditional fiat monetary system. We've seen this coming. Over time, the fee for transactions in Bitcoin has been continually increasing. I admit that this is not practical at all. Hell, we need much more lower fees. However, due to some greedy miners out there that somehow manipulate the transaction processes, there is no option but to increase fee. It is also caused by the current attack on Bitcoin's blockchain. They are clogging Bitcoin with numerous micro transaction requests. Thus, in order to make our transaction faster, we have to increase the fee.

This will all stop when the attack stops and will be prevented when Bitcoin starts to scale.

Oh..Didn't know about the attack. Why can't the experts identify these attackers and do something about it?
crypto_Butterfly
Member
**
Offline Offline

Activity: 186
Merit: 13


View Profile
November 14, 2017, 12:14:44 AM
 #10

That's too much of a fee honestly. Thats the only bad thing I hate about Bitcoin. Roll Eyes
blackcoiner
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 14, 2017, 12:17:59 AM
 #11

My bank can do transfer money for free. Damn

Then sell all your Bitcoins and go back to the traditional fiat monetary system. We've seen this coming. Over time, the fee for transactions in Bitcoin has been continually increasing. I admit that this is not practical at all. Hell, we need much more lower fees. However, due to some greedy miners out there that somehow manipulate the transaction processes, there is no option but to increase fee. It is also caused by the current attack on Bitcoin's blockchain. They are clogging Bitcoin with numerous micro transaction requests. Thus, in order to make our transaction faster, we have to increase the fee.

This will all stop when the attack stops and will be prevented when Bitcoin starts to scale.

Miner not greedy. They need money to operate their machine...it was very expensive investment on hardware and electricity...
Bitcoin price above 6K...and you cry for 13$?
I do international transfer cost me 300$....

13$ is considered cheap fee. Miner need to pay their bill
Jerry Patterson
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
November 14, 2017, 12:20:36 AM
 #12

I am trying really hard to convince myself that paying the high fee to use Bitcoin is worth it Smiley

I hope they scale soon!
GameofCryptos
Member
**
Offline Offline

Activity: 67
Merit: 10

GAMEOFCRYPTOS.COM - Crypto Apparel Store


View Profile WWW
November 14, 2017, 12:20:56 AM
 #13

Is a bad fee but is necessary
coinycoiny
Member
**
Offline Offline

Activity: 273
Merit: 18


View Profile
November 14, 2017, 12:27:26 AM
 #14

Hmmm, wonder why I can't buy a pint in my pub with bitcoin?
usmcvet11
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
November 14, 2017, 12:28:52 AM
 #15

whoever said btc was made to compete with physical currency?Huh? make sure your correct with what your saying people want it to compete with banks and what not, that's not the philosophy of btc and furthermore, if you are spending it thats fine if you are just transferring it around why??? your saying its free to transfer online yes with your bank but your money still gets taxed from the Irs when you get it and when you spend it and on that amount the tax would be way more then 13 bucks so i dont see a problem here
faithupgrade
Sr. Member
****
Offline Offline

Activity: 475
Merit: 253


ARCS - A New World Token


View Profile
November 14, 2017, 12:32:19 AM
 #16

Aside from lack of miners, there are also difficulty from confirming 200,000 stucked transaction. As there are some evil and selfish people who flood the BTC blockchain to discredit Bitcoin.

       ▄▄██████▄
    ▄███████████
  ▄███████▀▀▀▀▀       ▄▄▄
 ▄████
█▀             ████▄
█████               █████▄
█████                 █████
█████                 █████
█████                 █████
█████               █████
 ▀████
█▄           ▄█████▀
  ▀███████▄▄▄▄▄▄▄███████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
ARCS
███████████████████████████████████████████████████████████████████     ██████████████████████████     ██████████████████████████     ██████████████████████████     ███████████████████████████████████████████████████████████████████
A   N E W   W O R L D   T O K E N
|     WEBSITE     |     TWITTER     |   TELEGRAM   |     MEDIUM     |  WHITEPAPER  |
.
███████████████████████████████████████████████████████████████████     ██████████████████████████     ██████████████████████████     ██████████████████████████     ███████████████████████████████████████████████████████████████████
►►  Powered by
BOUNTY
DETECTIVE
kriticko29
Full Member
***
Offline Offline

Activity: 336
Merit: 100



View Profile
November 14, 2017, 12:36:31 AM
 #17

Man fee's are nothing compare to your profit. How can you achieve what ever goal you set if a small fee is already too much for you. patience is the start of being reach so wait bruh.
cryptjh
Full Member
***
Offline Offline

Activity: 532
Merit: 187



View Profile
November 14, 2017, 12:42:17 AM
 #18

Is a bad fee but is necessary

how can that fee be necessary, miners already have near too endless computer power, they are paid more than 12 bitcoins every 10 min, that should be more than enough to make profit, miners says it cost around 1000$ to make one bitcoins, they can sell for 6000$

If this keeps going, sending any amount of bitcoins will soon be 0.1 bitcoins.

Its greed that drives those fees and its  seems like bitcoins are also under attacks

drm
Legendary
*
Offline Offline

Activity: 1176
Merit: 1005


View Profile
November 14, 2017, 12:45:30 AM
 #19

Man fee's are nothing compare to your profit. How can you achieve what ever goal you set if a small fee is already too much for you. patience is the start of being reach so wait bruh.

It's not necessarily about the fee's you have to pay, it's "just" 13 bucks (which is still a lot for a tx of course). But it illustrates btc can't compete with other payment systems right now, if ever.
blackcoiner
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 14, 2017, 12:48:24 AM
 #20

Man fee's are nothing compare to your profit. How can you achieve what ever goal you set if a small fee is already too much for you. patience is the start of being reach so wait bruh.

It's not necessarily about the fee's you have to pay, it's "just" 13 bucks (which is still a lot for a tx of course). But it illustrates btc can't compete with other payment systems right now, if ever.

Because you think bitcoin is currency which is not. Bitcoin is money maker in short term....the profit from trading is bigger than just 13$.
Pages: [1] 2 »  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!