Bitcoin Forum
December 16, 2018, 07:35:06 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 »  All
  Print  
Author Topic: Bitcoin transaction cost is too high  (Read 2812 times)
hessanseen
Member
**
Offline Offline

Activity: 251
Merit: 10


View Profile
August 13, 2018, 11:16:53 AM
 #321

Rising transaction costs are likely to be an important factor hindering the development of Bitcoin, which is no longer suitable for small transactions after the rapid rise in the price of Bitcoin in the last two years. This will cause many new investors to worry about the transaction.
1544945706
Hero Member
*
Offline Offline

Posts: 1544945706

View Profile Personal Message (Offline)

Ignore
1544945706
Reply with quote  #2

1544945706
Report to moderator
1544945706
Hero Member
*
Offline Offline

Posts: 1544945706

View Profile Personal Message (Offline)

Ignore
1544945706
Reply with quote  #2

1544945706
Report to moderator
1544945706
Hero Member
*
Offline Offline

Posts: 1544945706

View Profile Personal Message (Offline)

Ignore
1544945706
Reply with quote  #2

1544945706
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544945706
Hero Member
*
Offline Offline

Posts: 1544945706

View Profile Personal Message (Offline)

Ignore
1544945706
Reply with quote  #2

1544945706
Report to moderator
strideynet
Sr. Member
****
Offline Offline

Activity: 414
Merit: 250



View Profile
August 15, 2018, 07:27:37 AM
 #322

at such moments, you can use another coin for quick transactions, such as litecoin

          ▄▄▄█████████▄▄▄
       ▄███████████████████▄
     ▄███████████████████████▄
   ▄████████▀▀       ▀▀████████▄
  ▄██████▀               ▀██████▄
 ▄██████                   ██████▄
 ██████                     ██████
▄█████▀                     ▀█████▄
██████                       ██████
██████                       ██████
██████                       ██████
██████                       ██████
▀█████▄                     ▄█████▀
 ██████                     ██████
 ▀██████                   ██████▀
  ▀██████▄               ▄██████▀
   ▀████████▄▄       ▄▄████████▀
     ▀███████████████████████▀
       ▀███████████████████▀
          ▀▀▀█████████▀▀▀
         ▄▄███████▄▄
      ▄███████████████▄
    ▄███████████████████▄
  ▄████████▀▀   ▀▀████████▄
  ██████▀           ▀██████▌
 ██████               ██████
 █████                 █████▌
▐█████                 ██████
▐█████                 ██████
▐█████                 █████▌
▐█████                ██████
▐█████             ▄▄██████▌
▐█████████████████████████▀
▐███████████████████████▀
▐████████████████████▀▀
▐█████
▐█████
▐████▀
▐███▀
▐█▀
         ▄▄███████▄▄
      ▄███████████████▄
    ▄███████████████████▄
  ▄████████▀▀   ▀▀████████▄
  ██████▀           ▀██████▌
 ██████               ██████
 █████                 █████▌
▐█████                 ██████
▐█████                 ██████
▐█████                 █████▌
▐█████                ██████
▐█████             ▄▄██████▌
▐█████████████████████████▀
▐███████████████████████▀
▐████████████████████▀▀
▐█████
▐█████
▐████▀
▐███▀
▐█▀








  ▄████████▄     █████████▄   █████████  ███▄     ███
 ████▀▀▀▀████    ███▀▀▀▀▀██▄  ███▀▀▀▀▀▀  █████    ███
███        ███   ███     ███  ███        ██████   ███
███        ███   ███▄▄▄▄▄██▀  ███▄▄▄▄▄▄  ███ ███  ███
███        ███   █████████▀   █████████  ███  ███ ███
███        ███   ███          ███        ███   ██████
 ████▄▄▄▄████    ███          ███▄▄▄▄▄▄  ███    █████
  ▀████████▀     ███          █████████  ███     ▀███


                ▄▄████████▄▄
              ▄██▀▀▄▄▄▄▄▄▀▀██▄
             ██▀▄██▀▀▀▀▀▀██▄▀██
               ██▀▄██████▄▀██
                 ██▀    ▀██
                    ▄██▄             ▄██▄
███    ████    ███  ▀██▀  █████████  ▀██▀
███    ████    ███        ████▀▀▀▀▀ 
 ███  ██████  ███   ████  ████       ████
 ███  ██████  ███   ████  ████▄▄▄▄   ████
  ██████  ██████    ████  ████████   ████
  ██████  ██████    ████  ████       ████
   ████    ████     ████  ████       ████
   ████    ████     ████  ████       ████

▬▬  #HOMEPAGE    #BOUNTY  ▬▬

▬▬  #WHITEPAPER   #TELEGRAM  ▬▬
setialovers
Member
**
Offline Offline

Activity: 378
Merit: 11

Join FlipNpik Telegram : t.me/flipnpikico


View Profile
August 15, 2018, 09:05:39 AM
 #323

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely

pinoyden
Full Member
***
Offline Offline

Activity: 546
Merit: 102



View Profile
August 15, 2018, 09:13:16 AM
 #324

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely

i think lightning network is already implemented on bitcoin because i do already notice the speed that ive been looking for as when compared to the last years of using a bitcoin . using bitcoin as a currency is already a good option because it is now faster and the fees have also reduced to a more affordable rates . though , using an altcoin is more better because they can do offer a good service when compared to bitcoin .

overall , both cryptos are still the best and we should balanced using them  , so that we can get the best possible results .

derekeaton
Jr. Member
*
Offline Offline

Activity: 117
Merit: 1


View Profile
August 15, 2018, 10:30:55 AM
 #325

The fee for bitcoin transactions is not low, but there are ways to pay less, although this is not convenient. You can transfer bitcoin to a different currency with a lower transaction fee.
Naughty Princess
Full Member
***
Offline Offline

Activity: 546
Merit: 106


View Profile
August 15, 2018, 10:44:11 AM
 #326

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise

This issue always appears when bitcoin price rising. Its true this is one minor bitcoin problem, we using bitcoin because we want cheaper transaction cost and faster transaction. But from i heard, lightning network will help this issue, hopely
Maybe the reason why having costly transaction fee to reduce those who transact small amount that produce traffic along the network that cause for long time to process. I hope this issue can be fix the price down as the price short more volatility in the market because we cannot get good profit from it, we struggle due to the price of bitcoin but big struggle when we realize how high the fee to get from us.

DES_MX
Member
**
Offline Offline

Activity: 183
Merit: 13


View Profile
September 13, 2018, 07:01:13 PM
 #327

I assume it really is thus large also. Nevertheless, you realize, they could constantly claim that is because of the particular inflow regarding Bitcoin calls for. Together with these kinds of, almost everything improved which includes electrical energy charges. This kind of almost all come for the lowered bargaining strength regarding Bitcoin buyers as the method of getting the particular administrator can easily scarcely pay the particular calls for. I hope items are certain to get far better normally Bitcoin buyers can merely get scammed out of this revenue.

T o x i c a l
Member
**
Offline Offline

Activity: 378
Merit: 12


View Profile
September 13, 2018, 07:07:17 PM
 #328

In fact, in recent times, the price of the bitcoin of transactions has fallen dramatically. It is not too high as it was about a year ago.

angchosenone
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
September 13, 2018, 07:07:33 PM
 #329

I for once think Bitcoin is enduring a shortfall in contributing or growing its business so they have to build their exchange expenses to profit. I figure it will just increment in a brief span and everything will come back to ordinary. There are still a great deal of exchanges occurring in multi day and there are nearly $ 4 billion in day by day exchanges.
megalith07
Member
**
Offline Offline

Activity: 252
Merit: 15


View Profile
September 13, 2018, 07:27:21 PM
 #330

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
Transaction fees additionally expanded in the quick increment of BTC. It was anything but an issue for that time. Be that as it may, as the following time of ceaseless decrease these transaction fees turned into an issue. They will make a change in accordance with that sooner rather than later.
Coroline
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250


https://arawtoken.io/


View Profile
September 13, 2018, 08:27:44 PM
 #331

What is happening?
will it change after adjustment since the transaction cost is being affected by the crazy price rise
because the cost of adjusting prices, so the higher the price of bitcoin the higher the costs incurred for the transaction

ARAW
The Decentralised 
Payment
for E-Commerce Ecosystem
███████████████████████████
██████████████▀▀▀▀▀████████
████████████░░░░░░░████████
███████████░░░░▄███████████
███████████░░░░████████████
████████░░░░░░░░░░░████████
████████▄▄▄░░░░▄▄▄█████████
███████████░░░░████████████
███████████░░░░████████████
███████████░░░░████████████
███████████░░░░████████████
███████████▄▄▄▄████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████░████████▀░░░░▀▀▄█████
█████░░▀▀████░░░░░░░░▄█████
█████▀░░░░░░░░░░░░░░░██████
█████▄░░░░░░░░░░░░░░███████
███████░░░░░░░░░░░░████████
████████▄░░░░░░░░▄█████████
████▄▀░░░░░░░░▄▄███████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
████▀░░▀███████████████████
████▄░░▄███████████████████
███████████████████████████
████░░░░██░░░░▀░░░░░░▀█████
████░░░░██░░░░░▄▄▄░░░░▀████
████░░░░██░░░░█████░░░░████
████░░░░██░░░░█████░░░░████
████░░░░██░░░░█████░░░░████
████░░░░██░░░░█████░░░░████
███████████████████████████
███████████████████████████
Renu kapoor
Member
**
Offline Offline

Activity: 322
Merit: 10


View Profile WWW
September 14, 2018, 07:55:10 AM
 #332

The bitcoin transaction cost is very high due to cost of bitcoin, higher the price, higher the transaction cost this is only due to adjustment cost.

PTON PRE-SALE Live    █████████████     FORESTING     █████████████  PARTICIPATE NOW!
█████ next-generation social media service based on blockchain technology   ██████
 █ ██ █  ● Twitter ● Facebook ● Youtube ● Telegram [EN] ● Telegram [KOR] ● Medium  █ ██ █ 
prj112031
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
September 14, 2018, 09:04:15 AM
 #333

it happens lately it will decrease when they have new servers or miner to do the transaction.
stiffbud
Hero Member
*****
Offline Offline

Activity: 798
Merit: 500



View Profile
September 14, 2018, 12:19:17 PM
 #334

If you think the bitcoin fee is too expensive, I suggest you convert your bitcoin to ethereum/doge/litecoin,
and the total fee which you paid by converting your bitcoin is more smaller than the current bitcoin's standard fee.
Bitcoin is decentralised nature. Many people use it because if its transactions facility. But resent some times ago its transactions fee increase and here they are some reason behind it. Day by day its user number increase exponential but the blocksize of it remain same as in old time. Because of its small block size and heavy transaction demand the transaction speed decrease and the transaction rate also increases. In other cryptocurrency like Ethereum, Litecoin the transaction cost is low because  they have no such large user like bitcoin who use their transaction facility and according to their user their block size is perfect. If bitcoin miners increased their block size then its transactions fee will be decrease

███▄                 ▄███           ▄▄███▀▀█▄▄                   ▄▄█████▄▄           ███▄               ███    ▀██▄             ▄██▀
█████               ▄████       ▄▄████▄█ ██ ████▄▄           ▄▄████▀▀▀▀▀████▄▄       █████              ███      ███           ███
██████             ██████      ▀▀██▄█████▄▄███▄█▀▀▀         ███▀▀         ▀▀███      ███▀██▄            ███       ▀██▄       ▄██▀
███▀███▄         ▄██▀ ███     ███▄▀███▀████████ ████       ███               ███     ███  ███           ███         ███     ███
███  ▀███       ███▀  ███    █████ █████████  █▄▀▀▀▄█     ███                 ███    ███   ▀██▄         ███          ▀██▄ ▄██▀
███    ███▄   ▄███    ███   ▀████▀▄██████▀█████████▀██   ███                   ███   ███     ███        ███            ▀███▀
███     ▀███▄███▀     ███   █▄▄▄▄███  ████████▀███████   ███                   ███   ███      ▀██▄      ███            █████
███       █████       ███   ██▀██████████▀████████████   ███                   ███   ███        ███     ███           ██▀ ▀██
███        ▀█▀        ███    ███████▀████████▀▀▀███▄█     ███                 ███    ███         ▀██▄   ███         ▄██▀   ▀██▄
███                   ███
     █  █▀█████████ ███ ███       ███               ███     ███           ███  ███        ██▀       ▀██
███                   ███
      █████▀▄▄▀█▄██▄▀▀▀▄██         ███▄▄         ▄▄███      ███            ▀██▄███      ▄██▀         ▀██▄
███                   ███
       ▀▀██▄▀▀▄███▀████▀▀           ▀▀████▄▄▄▄▄████▀▀       ███              █████     ███             ███
███                   ███
           ▀▀██████▀▀                   ▀▀█████▀▀           ███               ▀███   ▄██▀               ▀██▄
.
.TRADE, EARN & OWN THE EXCHANGE
.████   WHITEPAPER    FACEBOOK    TWITTER    LINKEDIN    TELEGRAM    CRUNCHBASE   ████
   FREE   TRADING &
ICO LISTING
.SUPERIOR  TO NASDAQ
AND LSE
  US$ 29M  RAISED IN
2 WEEKS
[]
annaso
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
September 14, 2018, 12:47:25 PM
 #335

As per my analysis block size and time limits create a bottleneck for the amount of bitcoin transactions that can be made at a given time. Nowadays, with increasing popularity and demand for bitcoins, there are transactions being created at a much faster speed than the network can process.Thousands of transactions waiting for an opportunity to enter into a block to be considered official or confirmed.

Miners are then free to choose which transactions they will include on the block. So they choose the transactions that pay higher fees. i.e. if you want your transaction to be processed quickly, you need to pay a fee that puts you in the top positions of that ranking. Transactions are competing against each other to see who can get there first.
And that’s why the fees are so high.



AngryWhiteWolf
Full Member
***
Offline Offline

Activity: 504
Merit: 100



View Profile
September 14, 2018, 10:21:02 PM
 #336

For sure bitcoin transaction cost decreased significantly compared to what it was a couple of months back. At the moment ~ 8000 transaction in the pool, I remember the time were over 100K and sometimes close to 200K. Bitcoin is going for sure in a good direction.

Cryptrx
Jr. Member
*
Offline Offline

Activity: 182
Merit: 1

CRYPTO SAVING FOR EVERY ONE


View Profile
September 14, 2018, 10:25:08 PM
 #337

Bitcoin transaction cost is very high, I remember one time I tried to sell some bitcoin, at the end the transaction cost was so high that I wished I hadn't sold it.

 WWW.SAVEDROID.COM (https://www.savedroid.com) - CRYPTO SAVING FOR EVERY ONE - SIGN UP & STAY TUNED
LindaFallar
Newbie
*
Offline Offline

Activity: 238
Merit: 0


View Profile
September 14, 2018, 11:20:28 PM
 #338

Yes, Butcoin transaction is too expensive. I experienced this one last month. I able to transact my Bitcoin but sad to say thr cost when I do my deposit is too high. What's happening to the cryto world now?
andika2018
Member
**
Offline Offline

Activity: 336
Merit: 10


View Profile
September 15, 2018, 12:33:23 AM
 #339

Bitcoin transaction fee getting higher when bitcoin price getting more higher. I think its normal because we paying fee with bitcoin and if convert it to us dollar, its looks expensive.

Jack Ment
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
September 15, 2018, 10:43:46 AM
 #340

Blockchain fees depend on several factors including network congestion, transaction confirmation times (affected by liquidity providers), and transaction size (as measured in kilobytes; affected when converting bitcoin from multiple inputs such as faucet earnings or other micro-transactions).
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!