No gambling today due to bitcoin high transaction fee.

[Rampagoe004]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

I have some bitcoins in some casinos. And after the halving I saw very high transaction fees and of course that would be very detrimental. I'm not a gambler who wants to win jackpots or big bets. I just want to have fun from gambling. So I didn't send my bitcoins after the halving because of the high transaction fees. Withdrawal fees are also very high but as I said at the start, I only gamble for fun so I rarely make withdrawals. But I see the withdrawal fees are very high. This is a difficult situation for gamblers with bitcoin. But I'm sure some users have altcoins in their accounts.

[1714291088]

1714291088

[EarnOnVictor]

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

Seriously the mempool is kind of congested, and the transaction fee is really high, if you are a gambler, and you gamble with just little amount of money, spending so much money on transaction fee just to deposit money doesn’t really make sense to me, so it’s just better to stop gambling for now, or if you are having any money in your gambling account, then you can keep on gambling with it pending when the transaction fee is going to drop, and you are going to deposit more money. I don’t think anyone will spend such a high amount of money on transaction fee just because they want to deposit like $20.

Well, don't think, it is happening, people are actually spending money on that high fee, though it is insane to me, but it is happening nevertheless. I am not even referring to this time that the fee has been reduced much lower than $20, I mean when it was still much higher than $100, people were still transacting with Bitcoin, which is crazy. This is evident in the Mempool, so it is not about making it up, it is traceable. At this time that the fee is better, it is easy for people to now deposit through the blockchain, but I can't still do that. I've been discouraged about Bitcoin, so alternative networks are my options now.

Thankfully, Stake has a whole lot of deposit methods, so why waste my time on Bitcoin that the miners have turned to their personal business? It is never by force, anyone can also switch instead of lamenting. And if your gambling platform offers only Bitcoin, switch to another.

[pawanjain]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

We have seen such congestions in the bitcoin network earlier as well and the best thing to do in such cases is to wait patiently if you gamble in bitcoin.
You can use altcoins temporarily for gambling until the bitcoin network congestion decreases.
There's no poin in paying such high fees just to deposit money for gambling and then lose it eventually.
This amount can be used for gambling later when the transaction fees are decreased.

[Mahanton]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

We have seen such congestions in the bitcoin network earlier as well and the best thing to do in such cases is to wait patiently if you gamble in bitcoin.
You can use altcoins temporarily for gambling until the bitcoin network congestion decreases.
There's no poin in paying such high fees just to deposit money for gambling and then lose it eventually.
This amount can be used for gambling later when the transaction fees are decreased.

It all matters about your patience on the time that the network is really that congested. There are really time or moments that network is really that something like this. There are really that moments
that you would really be making those transactions to be that on pending but somewhat there are really still options that you could really be able to make use like having that some altcoins
deposits considering that most of them or platforms are really that offering these kind of alternatives. This is why if you've seen this kind of availability then these times wont really be an issue.

Now on the current fees that we do have now then its already that going into the floor on which majority of us now is already that fine or happy. 20 sats per byte is still that high
but it is really that much better comparing when you do tend to pay up almost $200 for fee. lol

[Awaklara]

It all matters about your patience on the time that the network is really that congested. There are really time or moments that network is really that something like this. There are really that moments
that you would really be making those transactions to be that on pending but somewhat there are really still options that you could really be able to make use like having that some altcoins
deposits considering that most of them or platforms are really that offering these kind of alternatives. This is why if you've seen this kind of availability then these times wont really be an issue.

Now on the current fees that we do have now then its already that going into the floor on which majority of us now is already that fine or happy. 20 sats per byte is still that high
but it is really that much better comparing when you do tend to pay up almost $200 for fee. lol

yes, the situation has improved. We don't need to worry about incurring too many transaction fees for deposits to casinos using Bitcoin. Moreover, most casinos also accept Altcoins and stable coins in some networks.
Casinos provide convenience, but perhaps those who don't have altcoins in their wallets will find it difficult in the situation we experienced some time ago.
Network congestion often occurs, I think almost everyone is used to it and is patient in dealing with the situation.

[AbuBhakar]

-

yes, the situation has improved. We don't need to worry about incurring too many transaction fees for deposits to casinos using Bitcoin. Moreover, most casinos also accept Altcoins and stable coins in some networks.
Casinos provide convenience, but perhaps those who don't have altcoins in their wallets will find it difficult in the situation we experienced some time ago.
Network congestion often occurs, I think almost everyone is used to it and is patient in dealing with the situation.

I still didn’t try to gamble using Bitcoin but is the casino already updates the withdrawal fee to the current rate? Some casino use flat rate on withdrawal fee which is huge amount in Bitcoin that’s why I always hate using Bitcoin to deposit.

Even though the current fee is already small, Your balance might get trap on the casino once the withdrawal fee is not setup as dynamic based on the current fee so it’s better to always check the actual withdrawal fee before you deposit your Bitcoin to avoid having trouble during withdrawal.

[South Park]

I still didn’t try to gamble using Bitcoin but is the casino already updates the withdrawal fee to the current rate? Some casino use flat rate on withdrawal fee which is huge amount in Bitcoin that’s why I always hate using Bitcoin to deposit.

Even though the current fee is already small, Your balance might get trap on the casino once the withdrawal fee is not setup as dynamic based on the current fee so it’s better to always check the actual withdrawal fee before you deposit your Bitcoin to avoid having trouble during withdrawal.

Some casinos try to use the withdrawal fee they charge to their customers as a small money maker, charging way more than what the network will charge them to get a fast confirmation, so whenever you notice something like this you need to be careful, as you do not know in what other ways that casino may be interpreting the rules to their convenience and giving itself undeserved profits, and quite honestly whenever I detect this happening I seriously question myself about to still use such a casino.

[taufik123]

Some casinos try to use the withdrawal fee they charge to their customers as a small money maker, charging way more than what the network will charge them to get a fast confirmation, so whenever you notice something like this you need to be careful, as you do not know in what other ways that casino may be interpreting the rules to their convenience and giving itself undeserved profits, and quite honestly whenever I detect this happening I seriously question myself about to still use such a casino.

Then you need to check whether the fees charged are quite standard or not.
If indeed the fees charged are more expensive, it may be so that transactions can be processed faster and depend on how the bitcoin network is at that time.

A few days ago I also made a withdrawal at one of the casinos by charging a fee on the total amount of withdrawal and the fee required is approximately around $6 depending on the transaction fee at that time.

It takes quite a long time because the network is very congested,
but it doesn't matter when the transaction does not charge too high a fee or according to the standard fees that exist at that time.

Usually there will be a choice whether you want fast or moderate transactions, because there will be quite different fees.
Now transaction fees are quite cheap, ranging from $2-$3 and usually some casinos use medium priority for default transactions so that it is not too long.

[LUCKMCFLY]

I still didn’t try to gamble using Bitcoin but is the casino already updates the withdrawal fee to the current rate? Some casino use flat rate on withdrawal fee which is huge amount in Bitcoin that’s why I always hate using Bitcoin to deposit.

Even though the current fee is already small, Your balance might get trap on the casino once the withdrawal fee is not setup as dynamic based on the current fee so it’s better to always check the actual withdrawal fee before you deposit your Bitcoin to avoid having trouble during withdrawal.

Some casinos try to use the withdrawal fee they charge to their customers as a small money maker, charging way more than what the network will charge them to get a fast confirmation, so whenever you notice something like this you need to be careful, as you do not know in what other ways that casino may be interpreting the rules to their convenience and giving itself undeserved profits, and quite honestly whenever I detect this happening I seriously question myself about to still use such a casino.

Well, when it comes to bitcoin and transaction fees, in many cases the casino should implement other types of strategies, an internal exchange that can take it to USD, for me that is the best way out, of course and my idea, there are casinos that when they do that they get more customers , because of course when the transaction fee is very high, for players who make little money because they can't repeat, sometimes the fee is too high, and that's where they start to lose customers, because Everyone wants to have bitcoin and bitcoin is the most viable way to have our money, and what better than having it in exchange houses, in casinos and betting and earning money through bitcoin.

[Barikui1]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

I think the transaction fee went above more than 150usd that day that the halving event took place, but as of today, it has normalize a little bit compared to the past week, and it's high time something should be done about this high fee of a thing, because we are all hoping for more adoption of Bitcoin worldwide, so what if people start adopting Bitcoin worldwide, and the numbers of transaction increase more than how it is today, how are we going to make transaction, without our money getting stock in  the mempool due to high numbers of people doing transaction on the same day? This are question the developers of Bitcoin should be answering for it fans like us technologically, to make it adoption process much easier than today, because the high transaction fee is really a menace that needs to be addressed for the benefits of Bitcoin.

And as for me gambling today, I did that in our local betting shop, because when paying with Bitcoin with the kind of amount I normally use in gambling, I find out that I mostly pay more, when transaction cost is being added, so I prefer paying with fiat when gambling.