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Author Topic: high bitcoin fee!!  (Read 2008 times)
arthotdog
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July 28, 2018, 02:44:06 AM
 #81

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

Dont compare bitcoin to ethereum because they have different platforms and different function to this forum,bitcoin is the most used platform as all coins need to go through its platform before being converted into fiats,thats why whenever the sites congested the fee will increase and the transaction will slower but if the Lightning network is done,this will change to better and goodness

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aiza2007
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July 28, 2018, 03:00:45 AM
 #82

operated through him. If the fee were his every time his network was used, he would have incentive to not close out his network. The problem.and anything needed.
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July 28, 2018, 03:08:32 AM
 #83

it is true that it is one of the expensive costs in bitcoin, and I hope it can also be changed to cheaper like eth, but we do not know when it must have happened.
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July 28, 2018, 08:36:52 AM
 #84

The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.
anume123
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July 28, 2018, 09:25:46 AM
 #85


I think when the bitcoin price rises the fee will also be sent or withdrawn by the transaction I also think that when the bitcoin price is low then the low cost of bitcoin trasanction.

Premooooo
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July 28, 2018, 09:28:22 AM
 #86


So maybe the FEE increases with bitcoin along with the bigger bit of bitcoin so much is FEE for bitcoin or transaction for sending bitcoin to other wallets.
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July 28, 2018, 10:59:48 AM
 #87

The transaction costs of Ethereum and Bitcoin are also quite different. In Ethereum, they call it "gas" - the cost of the transaction depends on their storage needs, complexity and bandwidth. Also in Bitcoin, the transactions are limited in each block size and equal to each other.

There is different between the fees on bitcoin and ethereum in every transactions. Sometimes, fees depends on how much the system you are using to process the transactions. The fees depend on how much you do not want to stuck on traffic and you want much faster response and transfer of your transactions. It is the reason why there is high fee because some people do not want traffic.

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hakertajniak
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July 30, 2018, 01:54:23 AM
 #88

when will the bitcoin fee be reduced or moderated?
i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?

Yes i remember too back then. Bitcoin fee was high at the end of last year due the spiking price in the market.
different with ETH. If the gas price of eth is high, it means the network of eth is congesting, many transactions being processed.

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July 30, 2018, 02:10:19 AM
 #89

You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation.

Ava Duvall
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July 30, 2018, 08:13:36 AM
 #90

You can't compare bitcoin and Ethereum, these are completely different platforms and features.A constant amount of payment is not always bad and depends on the specific situation.
I really dislike when people compare them! you are definitely right . of course we would all prefer no fees, but fees are needed in certain situations , so calm down people. everyone gets ramped up so easily these days

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September 23, 2018, 10:20:08 AM
 #91

Cash? They are not forced. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation. They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. The problem with Lightening is that, when someone closes their network, he breaks down the entire Bitcoin group that runs through him. The problem is that when there are so many affiliate networks, people get the charge of the miner, and how is it parted? At the time these points were discovered, the LN script would be huge, and the connections were interrelated, no one could run the client on his computer, and focus (what we were trying to do). avoid) will come back.
WhiteGAN
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September 24, 2018, 08:55:17 AM
 #92

What did you get for gold when you sold it? A lot of people have been searching for gold and never found it. They simply think they can do it. They lost their investment. Or do they simply trade gold in cash? If you get your rig together and mine for Bitcoin, you either find some or you do not. If you find some, you either hodl it or you sell it at speed go. Stage. So some miners sell, just to get back some money they put into their operation.
They are not needed. They are giving miners an opportunity to control the whole program in a humorous manner without having anything to do with bringing Bitcoin into a currency. For people who simply use Bitcoin, the charge of the miner is the bitcoin user tax method, and that's it. They already have their money. High bitcoin costs many people to suffer from switching to alternative currencies and choosing one option. Stiff bitcoin prices are sometimes high and sometimes low so we have to think in a certain way.
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September 24, 2018, 07:37:04 PM
 #93

Bitcoin fee means the transaction fee which occur when some one transfer bitcoin. And the transaction fee is the charge taken by the miners in order to complete an transaction. And the transaction fee mainly depend upon the block size of bitcoin. Block size directly proposal to the transaction fee. Small block size charge more transactions while large block size reduce transaction fee. Many people use bitcoin money transaction facility and because of this the transaction traffic increases and this thing cause increase in transaction fee.
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September 24, 2018, 08:06:52 PM
 #94

This is the beginning of the negative characteristics of BTC. There is a high likelihood of increasing demand for BTC in the event of an existence.
allezbitcoin
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September 24, 2018, 10:52:44 PM
 #95

Why don't you try to switch to altcoin, because if we make transactions using altcoins other than bitcoin, the fee will be cheaper. As you say eth fee are cheaper than bitcoin.

sophiaaabaya
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September 25, 2018, 12:58:03 AM
 #96

This thread was started on December 2017, by that time, bitcoin was at its rage and on its high price, that's why the fees are also high. But this time, bitcoin transactions are stable and fees are also not bad. But yes, compare to other alts it is still higher. But remember guys, this is bitcoin, the most used & most buys crypto of all time.
GreatArkansas
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September 25, 2018, 01:24:31 AM
 #97

Fees matter in the difficulty of the network of Bitcoin, specially when the network of Bitcoin is really high traffic, expect that the transactions are high cost, but for me, the transaction fees are really small nowadays. So it's okay to send.

CoinsGazer
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September 25, 2018, 01:49:41 AM
 #98

Bitcoin's first impression should be expensive, because Bitcoin's own technical limitations combined with huge transaction volume, resulting in a very slow transfer rate, you have to pay a high fee to get paid in time. However, this situation has started to improve since December last year, and bitcoin transaction costs have dropped from the $34 all the way to an 18-month low.

However, although the bitcoin transaction fee has dropped significantly, the transaction volume has also been greatly reduced. The reasons may be:
First, people are shifting to cheaper BTC alternatives; second, the buying boom in the digital currency market has cooled.
feather7789
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October 15, 2018, 09:17:08 AM
 #99

Nope.. the fees is very less in bitcoin because the transaction are done by blockchain and in blockchain transaction fee is very less.
xbiv2
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October 15, 2018, 09:46:00 AM
 #100

Quote
high bitcoin fee!!

fee is pretty low now https://bitcoinfees.earn.com/

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