Bitcoin Forum
April 27, 2024, 03:29:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Comparative table on fees among some coins. Pick up one for your need.  (Read 339 times)
pooya87
Legendary
*
Offline Offline

Activity: 3430
Merit: 10504



View Profile
August 16, 2020, 04:17:55 AM
Merited by hatshepsut93 (2)
 #21

The same could happen with any of the altcoins that currently has low fees, except for the ones with truly large blocks, but coins with megablocks are so centralized that they can't really be considered cryptocurrencies - they are not peer-to-peer, they are client-server.

actually history has shown that those altcoins with bigger blocks would have higher fees just as easily without even having their blocks full. all it takes is a small rise in the number of unconfirmed transactions for the fee to start rising.
why?
because they are copies of bitcoin and they are copied by incompetent developers who have very little understanding of the code and bitcoin protocol. for example bcash that has 32 MB blocks creates a fee market with a small tx surge while miners continue mining only 1 MB blocks!

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
1714188543
Hero Member
*
Offline Offline

Posts: 1714188543

View Profile Personal Message (Offline)

Ignore
1714188543
Reply with quote  #2

1714188543
Report to moderator
1714188543
Hero Member
*
Offline Offline

Posts: 1714188543

View Profile Personal Message (Offline)

Ignore
1714188543
Reply with quote  #2

1714188543
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.
mu_enrico
Copper Member
Legendary
*
Offline Offline

Activity: 2310
Merit: 2139


Slots Enthusiast & Expert


View Profile WWW
August 21, 2020, 09:52:42 AM
 #22

I notice there are a few hours window where you can send BTC rather cheaply, it's about mid-day Indonesian (GMT+7) time, not sure whether it's coincidental or not, but I managed to do it multiple times with less than $1 fees mostly and got confirmation in the next block or block after that.

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
o_e_l_e_o
In memoriam
Legendary
*
Offline Offline

Activity: 2268
Merit: 18507


View Profile
August 21, 2020, 10:05:30 AM
Merited by mu_enrico (1)
 #23

it's about mid-day Indonesian (GMT+7) time, not sure whether it's coincidental or not
It's definitely a recurring pattern.

Have a look at https://jochen-hoenicke.de/queue/#0,6m, and zoom in on any 7 day period from the past 6 months (or longer). Outside of times when the mempool is backed up for several days, it generally empties or at least dips to the lowest around the hours of 0200 to 0600 UTC, which coincides with midday in your time.
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!