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Author Topic: No gambling today due to bitcoin high transaction fee.  (Read 1390 times)
freedomgo (OP)
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April 20, 2024, 01:36:50 PM
 #1

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?

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April 20, 2024, 01:42:37 PM
 #2

how is going today?
It's good because the halving happened but not that good when we're looking at the fees of it. These BRC20, NFT bitcoin blockchain and Runes crazy folks that are spamming the network so, doing good and bad at the same time.

Who among us here can still afford to gamble?
I won't afford to pay for that sums of fee. If I want to gamble today, I'd choose the altcoins that has lesser fees or simply go on with Litecoin or any other altcoins like Dogecoin or even XRP if I have to.


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April 20, 2024, 01:43:40 PM
 #3

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?
It went as high as $190 but let us expect there will be less congestion but I saw some people talking about rune which may also cause the congestion.

I can not afford that. I can not even afford $5 as transaction fee when I have alternatives. Most casinos and other gambling sites are accepting not only bitcoin.

Bitcoin developers are sleeping.

It will be good to see casinos that will accept lightning network. It will make this easier.

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April 20, 2024, 01:51:38 PM
 #4

Current fees are just unbearable. If you deposit some satoshis to play at a casino today, you are actually going to gamble to pay for the transaction's costs, and not exactly to enjoy some profit for yourself... Better to wait for the market to settle down and adapt itself to the halving which just happened. These expensive prices must be temporary, being reverted soon, like it has always happened in Bitcoin's ecossystem. Since the market is full of hype and expectations right now due to the halving, some 'peculiar' setbacks like that should be expected.

On the other hand, since most people here earn their satoshis directly to their casinos' accounts through the signature campaigns they work for, transactions' expensive costs aren't an issue, so they are free to gamble today despite the current scenario faced by Bitcoin market. They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.

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April 20, 2024, 01:53:37 PM
 #5

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?
Bitcoin is not the only deposit option for most casinos so if transaction fees is high in Bitcoin, gamblers can decided to deposit in others like USDT. Those who already have their funds in the gambling platform do not also have a problem gambling today and those of us who gamble more on weekends would have already made Bitcoin deposit before the fees skyrocketed. The fees is actually discouraging and will be a huge problem for casinos that accept only Bitcoin deposit. I think such casino should include other coins to so they remain in business because no one know how long it will take before the transaction fees stabilizes.

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April 20, 2024, 01:54:00 PM
 #6

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?
When the halving happened last night, the fee was between $200 and $300 to send. It got really crazy. I may have to delay sig campaign payments til the fees come back down to earth. Hopefully in the next 24 hours fees return to normal so people can gamble if they want.

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April 20, 2024, 01:54:33 PM
 #7

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?
Good observation. However the fourth halving which has temporarily resulted in transactions fee increases shouldn't stop one who already has some good amount in his casino wallet account from gambling. After gambling the individual will have to exercise patience for some days until the fee drops to withdraw their winnings. There's an option for the use of other crypto - USDT and Tron.

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April 20, 2024, 02:10:21 PM
 #8

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?

Will not use bitcoin if the fee is so high as that since its crazy to pay such huge figure just to gamble using bitcoin. Maybe will grab some USDT on next day if the transaction fees will not change so I guess let see what will happen after this since many would provably will decide to hold for more days due to this situation happened on bitcoin network. Also its impossible for small bettor to gamble now by having such huge fees since for sure that majority choose to find alternative coins to use since bitcoin is not currently friendly for small time bettors.

For now all are in standby mode including those none gamblers since for sure a lot want to transact bitcoin since they have some business that need to deal with and it really sucks seeing that we need to deal with huge fees if we want our transaction to push faster.



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April 20, 2024, 02:13:48 PM
 #9

This is how our patience will be tested, paying $100 for a single transaction is unacceptable even if you are gambling like $1000, it's still too high as that is equivalent to 10% of your wager, bigger than the house edge on most casinos. I'm sure everything will be back to normal, so just let it pass, hopefully tomorrow it will go down to $10 and below so we can start betting again.

The timing is really bad because tomorrow the NBA playoffs is going to start, and personally I'm a fan of NBA and I can't miss it, and since what we are talking here is bitcoin, I am sure I'm not gonna use that but I will find a way to gamble using a fiat sportsbook.

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April 20, 2024, 02:19:35 PM
 #10

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?
As far as I remember, I have made 5 deposits to casinos using altcoins in the last 2 weeks. Some time ago Bitcoin transaction fees were enough to make me switch when I wanted to make a deposit to a casino. but right now, it surprised me because I didn't expect such a big increase in costs.

Deposits using altcoins are now friendlier. and that's what I can do when the desire to play is stirring within me.

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April 20, 2024, 02:20:22 PM
 #11

how is going today?
It's good because the halving happened but not that good when we're looking at the fees of it. These BRC20, NFT bitcoin blockchain and Runes crazy folks that are spamming the network so, doing good and bad at the same time.

Who among us here can still afford to gamble?
I won't afford to pay for that sums of fee. If I want to gamble today, I'd choose the altcoins that has lesser fees or simply go on with Litecoin or any other altcoins like Dogecoin or even XRP if I have to.

This is where altcoins is going to be a good option.
Any gambler can still send USDT to a casino which is what I also did. I tried checking how much the fees today also because I wanna send to an exchange from my wallet, and the fee is more than the amount I wanna send. For a gambler, nothing can stop especially when boxing of Haney and Ryan Garcia is about to happen so I just send a few USDT from the exchange.



Just a screenshot of how much I would have paid for sending a few bucks.

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April 20, 2024, 02:34:45 PM
 #12

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?
As far as I remember, I have made 5 deposits to casinos using altcoins in the last 2 weeks. Some time ago Bitcoin transaction fees were enough to make me switch when I wanted to make a deposit to a casino. but right now, it surprised me because I didn't expect such a big increase in costs.

Deposits using altcoins are now friendlier. and that's what I can do when the desire to play is stirring within me.
I was also very surprised to see the transaction fees which I thought were crazy and left me with no option to switch to altcoins so I could still gamble on the weekends.
And I usually deposit 0.0005 Bitcoin or about $30+ for betting on weekends and for fun, and when I saw the transaction fees were very high and more than 3x the fees I usually deposit made me switch to USTD. And I hope this problem changes soon and becomes normal.

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April 20, 2024, 02:36:42 PM
 #13

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?

So many gamblers would have to wait until the congestion at least chill a bit. Not just gamblers but everyone who wants to make a small transaction because I won't want to make use of an equal amount of fee to make a transaction which to me is weird. We are supposed to be celebrating because of the 4 halving but here we are stocked without been able to make use of the Blockchain.  I guess this kind of situation will only drive more small investors into using altcoins for now as no one will want to loss such huge amounts for fees. I hope it returns to Normal soon though. Like I said before, this wouldn't be a good time for gamblers who make use of Bitcoin for gambling activities.

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April 20, 2024, 02:40:52 PM
 #14

how is going today?
It's good because the halving happened but not that good when we're looking at the fees of it. These BRC20, NFT bitcoin blockchain and Runes crazy folks that are spamming the network so, doing good and bad at the same time.

Who among us here can still afford to gamble?
I won't afford to pay for that sums of fee. If I want to gamble today, I'd choose the altcoins that has lesser fees or simply go on with Litecoin or any other altcoins like Dogecoin or even XRP if I have to.


Yeah same here as well, those fees are insanely high and for me it's not an option doing transactions. I'd rather choose another option like Doge or stable coins. We can afford to gamble but not the fees of course haha that is too much for me. And even big players I don't think they are gonna do that as well.



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April 20, 2024, 02:40:58 PM
 #15

If transaction fees are high, what are the alternatives that can be exercised to continue gambling using BTC?

I have read that using altcoins that are using lightning network may reduce tx fees but are there really alternatives to lower fees in BTC? It sucks to wait but I guess these are just some of the effects of the halving.

While majority is rejoicing for the 4th BTC halving, the negative effects of it are the high tx fees that only a few can afford. Imagine paying $50-$100 on a single transaction only to lose that money quickly in your gambling games. So can we also conclude that BTC halvings can have a negative effect on overall transactions (which necessarily includes gambling)?

R


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April 20, 2024, 02:42:22 PM
 #16

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?

So many gamblers would have to wait until the congestion at least chill a bit. Not just gamblers but everyone who wants to make a small transaction because I won't want to make use of an equal amount of fee to make a transaction which to me is weird. We are supposed to be celebrating because of the 4 halving but here we are stocked without been able to make use of the Blockchain.  I guess this kind of situation will only drive more small investors into using altcoins for now as no one will want to loss such huge amounts for fees. I hope it returns to Normal soon though. Like I said before, this wouldn't be a good time for gamblers who make use of Bitcoin for gambling activities.

I have witness the last 2 halvings but the fee is not as high as the present, so this is not related to halving I guess. Regardless, bitcoin fees are not gonna stay this high forever, eventually it will go down and we can move our bitcoin soon. Personally, I don't gamble using bitcoin most of the time, I choose altcoins specifically the USDT as I don't want my gambling journey be affected by the market volatility.

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April 20, 2024, 02:44:10 PM
 #17

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 no one will dare to transfer any Bitcoin funds for gambling since you will automatically lose 50$ or more on fees before you even start gambling on the casino. Only whales that deposit more huge amount can afford to still transact even with this high fee since they can recover easily the fee amount with just one bet.

I still didn’t touch my salary from signature campaign which I usually use for gambling purposes every week. I’m already abstained on gambling for a week due to the high fee. I thought 4$ fee is worst few days ago yet we are hit by this devastating fee fluctuation due to Rune.

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April 20, 2024, 02:44:18 PM
 #18

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?

Yes, we are looking for altcoins right now. Ordinary gamblers can't afford to pay that fee. But the good thing is that we have a lot of options now, even some of the gambling sites are now accepting local wallets so we are all good.

I wonder though casinos that are supposedly paying the withdrawal fees?

They could be scratching their heads with the current fees and not sure if they will still covered the free withdrawal fees or not.
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April 20, 2024, 02:48:52 PM
 #19

This is the reason why a gambler needs to have a weekly or monthly budget, so that he can deposit it in his casino account to enable him gamble even at a situation like this when we have high transaction fee. I believe this will only last for a short-term.

I can gamble whenever I like, because I use 5% of my weekly pay from signature campaign to gamble, and the casino pays directly to my stake account, which makes me not to be affected by transaction fee when it comes to gambling or moving my coins out of my account. Gamblers will look for an alternative method of depositing into their casino account, because gamblers needs to have fun this weekend.

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April 20, 2024, 02:50:59 PM
 #20

...
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?

Transaction fees have been expensive for days, and yesterday they went crazy. But it's nothing new, I usually have some alt on the side that I use at times like this. And luckily there are some wallets & casinos that offer different chains, so we can use that option as well.

I guess these high BTC fees can and are problematic for people who gamble only with BTC. But those who are in crypto for some longer time always have some USDT on a side and can use that for gambling at any time with very low fees on some chains.

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April 20, 2024, 02:53:05 PM
 #21

Yes, bitcoin transaction costs are currently very high, and perhaps for those of us who like to gamble using these coins, it would be a good idea for us to refrain from gambling for a while, or reduce these activities until transaction costs fall again. For now, initially I gambled twice a week, maybe now and in the future I will only gamble once a week.
However Bitcoin is not the only gambling transaction service, as one can still use other e-wallets or use local money to continue gambling. Especially for those who feel quite addicted to gambling.

And if transaction costs do not return to normal, do not decrease, then there is a possibility that those who like to gamble using Bitcoin will switch to using other services with different currencies. But hopefully transaction costs will go down again in the near future, because to be honest, for those of me who like to gamble using these coins, I feel quite burdened.

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April 20, 2024, 02:53:38 PM
 #22

I was also very surprised to see the transaction fees which I thought were crazy and left me with no option to switch to altcoins so I could still gamble on the weekends.
There are so many alternatives to choose from that even the transaction fee is not a problem as much as we way want to make it into. With USDT which is a fine option nothing gets in the way of your fun this weekend.

A gambling addict who has made it in most to gamble every weekend would where he does not have the option of an altcoin that is doesn't have any altcoin would go ahead to deposit bitcoin into his wallet regardless of the transaction fee.

He will just rationalize  that once he wins from his gambling this weekend, it would cover the transaction fee cost.

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April 20, 2024, 02:57:09 PM
 #23

I was also very surprised to see the transaction fees which I thought were crazy and left me with no option to switch to altcoins so I could still gamble on the weekends.
There are so many alternatives to choose from that even the transaction fee is not a problem as much as we way want to make it into. With USDT which is a fine option nothing gets in the way of your fun this weekend.


It depends on where do you store your Bitcoin or what currency you are holding right now. I think the topic is pertaining for those Bitcoin holders that use Bitcoin currencies for gambling.

Yeah, USDT is one the most popular options as an alternative for gambling. Some people use BNB, Doge and XRP for a much cheaper fee and fast transaction speed. But it only possible to use this right now if you have this currency already without the need to convert your Bitcoin first to this currencies. Those people that storing Bitcoin on exchange is probably celebrating since they can dodge the transaction fee by just converting their Bitcoin to different currencies on exchange.

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April 20, 2024, 03:14:46 PM
 #24

This is a surprise for us it even went to $200 so if you have the urge to gamble and you only gamble with Bitcoin,  the only two options you've got are, wait for the fee to normalize or use altcoins or tokens to deposit and play.

I don't think the first option is acceptable to those addicted to gambling I'm sure the majority will pick playing for altcoins for now, I just wonder when this will normalize the last time we got these high transaction fees was December of last year because of the ordinals and it took over a week before it normalizes, I wonder this time.

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April 20, 2024, 03:18:43 PM
 #25

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?
This high transaction fees is really a big problem for small gamblers like me. My best cryptocurrency for gambling is Bitcoin and I am not finding it funny at all. I cannot afford to pay such high transaction fees for my small budget, this means that immediately I finish my monthly deposit, it will only be refilled for next month if the fees have been reduced to a certain level that I can afford. If it doesn't, I might have to take a break until the price normalizes or seek other means of gambling. Selecting an altcoin with less transaction fee or switching to fiat gambling might be options open to me. I think it is just a temporal challenge just like the network experience caused by ordinal inscriptions, it will surely come to an end.

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April 20, 2024, 03:20:12 PM
 #26

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'm only gambling in times like this with platforms accepting other mode of payments that fees won't be high. Fortunately there are many providers who have such feat so I guess my gambling habit is stil the same. But if I would be left with no such option then I'd either take a pause from this activity or just used fiat to bet but not in web 3.0 since I have access in my area. This is a long existing problem to be honest that players have their own ways coping into it.
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 no one will dare to transfer any Bitcoin funds for gambling since you will automatically lose 50$ or more on fees before you even start gambling on the casino. Only whales that deposit more huge amount can afford to still transact even with this high fee since they can recover easily the fee amount with just one bet.

I still didn’t touch my salary from signature campaign which I usually use for gambling purposes every week. I’m already abstained on gambling for a week due to the high fee. I thought 4$ fee is worst few days ago yet we are hit by this devastating fee fluctuation due to Rune.
Won't be practical and won't be making any sense especially if you are just an average gambler who doesn't bet that much. I would understand those who have large bankrolls who won't be hurt by high transaction fees if they would still continue with what's usual for them. Waiting for now for transaction fees to decrease, would be the best thing to do if you are seeing it as a problem and if you have no other means to gamble.

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April 20, 2024, 03:24:34 PM
 #27

I've stopped using Bitcoin for gambling since 2019 or 2020. I find it as a waste of money, why use such a valuable asset for gambling purposes when there are so many alternatives available? I've used altcoins such as Doge or Stellar, but I'm mostly using stablecoins as it's the safest way to preserve your funds. Not to mention that Bitcoin has relatively high fees for minor amounts compared to all other alternatives.

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April 20, 2024, 03:27:31 PM
 #28

I see the fee increase to $211 or more. It's insane see the highest of the transaction fee that I first time see. It makes me thinks many time to send some bitcoin and I am not sure I will do that right now. I prefer to wait for a while until the fee of the transaction can reduce a lot. I don't wants to use bitcoin to gambling now and if I wants to gambling, I will use altcoin or stable coins. It's not a good idea to deposit using bitcoin just to playing gambling because of the highest transaction fee, even if they have many bitcoins. But we don't knows if some richest gamblers who has many bitcoins still use bitcoin and wants to pay that highest transaction fee because we are different than them. Hopefully, this condition can change soon and not takes too long.

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April 20, 2024, 03:29:03 PM
 #29

Bitcoin is not the only currency that can be used to gamble...

This is a surprise for us it even went to $200 so if you have the urge to gamble and you only gamble with Bitcoin,  the only two options you've got are, wait for the fee to normalize or use altcoins or tokens to deposit and play.
What surprise me the fees is still expensive even though the Bitcoin price isn't moving, so what are actually people doing right now? are they sold their coins because the halving event make them upset? Huh

Even though there are around 5%-10% inscriptions, but the rest are real Bitcoin transactions.

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April 20, 2024, 03:45:31 PM
 #30

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?
Unexpected hike in transaction fees means that I should take a break from gambling this weekend. I know bitcoin is not the only cryptocurrency I can use for gambling but then it is a choice that I am making two take a break this weekend and if things get sorted out by next week I continue. One of the reasons for this height in transaction fee despite bitcoin price remaining almost the same is due to the NFT guys. I don't really understand what they are doing but they do have a hand in this. read it here - https://bitcointalk.org/index.php?topic=5493525.msg63968391#msg63968391

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April 20, 2024, 03:52:00 PM
 #31

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?

Some people already have Bitcoin on their gambling accounts and therefore they do not need to transfer the Bitcoin to the sites and thus this high fee is irrelevant for them and they can continue gambling with Bitcoin. However, if they withdraw today, they will have to pay a high withdrawal fee, so they can postpone withdrawal for a few days.

Also, I would like to know how many percentages of gamblers, gamble with Bitcoin and what percentage uses the altcoin for gambling. Maybe I will start a poll for that in a separate thread but as per the discussion here on different threads, I believe that most people gamble using altcoins as they are cheap in transactions and also have fast tx speed.

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April 20, 2024, 03:52:49 PM
 #32

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?

        -   If the fee is high now in bitcoin and it is also used to play gambling, it is better not to make a deposit or withdrawal. Especially now, if it's expensive, don't do it first to avoid expensive fees.
The others are just calming the traffic or congestion first; that's just the usual thing, isn't it, when it's a bit crowded in the blockchain network? It's only a few weeks, then it will fade away.

And besides this is not an issue actually for the individual gamblers honestly speaking. While the it is congested in the network we can able to continue to play gambling in the casino
anyway, who knows luck will come more to us isn't?


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April 20, 2024, 03:56:27 PM
Merited by mindrust (1)
 #33

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?

Bitcoin is moving far and far everyday from being used for actual payments, I checked the mempool status by today and really surprised with the fee high than found out it's due to another spam called runes protocol.

Luckily casinos now supports multiple cryptos that can give us from unfair fee for Bitcoin transactions.

LTC might be used more whenever fee hike on BTC blockchain.

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April 20, 2024, 03:59:34 PM
 #34

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?

Have you thought about using another coin? Litecoin and Doge are available on almost every casino nowadays. Price-wise litecoin has been very stable and its transactions are probably one of the cheapest. Bitcoin used to be cheap and fast but that's not been the case for a while.


https://bitcoinfees.net/

Right now according to bitcoinfees.net, the price for getting in the next block is more than a hundred bucks. That's crazy. Nobody should torture himself like this. $100 big money even for a fairly rich person.

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April 20, 2024, 04:11:07 PM
 #35



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?

The gambling industry and the gambler can still keep up there are altcoins and tokens to turn during this hard time, but it's much more worrying for merchants and other marketplaces that rely on Bitcoin only as their payment method.
We do not expect this to happen during the halving, those who have enough Bitcoin bankroll before this occurs are the ones who can only play with Bitcoin, and only those addicted to gambling online and only trust Bitcoin will proceed to deposit.


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April 20, 2024, 04:11:24 PM
 #36

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

It's no longer probably, it's definitely because of the hype that happened after the halving, TBH, these are the highest Bitcoin (BTC) network fees I've seen since I first got into crypto.

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?

No, it would not be possible for me who is not very big in making deposits or withdrawals from crypto casinos, instead of having to pay such huge fees, it's better to go to other alternatives. Moreover, I wonder, are there still people gambling with Bitcoin (BTC) when network fees are high?

R


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April 20, 2024, 04:13:07 PM
 #37

I can't remember the last time I gambled and made a deposit with bitcoin. After the last time when the transaction fee went all up, I changed my deposit pattern to either TRX or LTC, and I have been using that for quite some time now. 
 
The fee is not in favour of any gambler, even small business owners or purchasers who want to purchase goods and pay with bitcoin. They will end up spending more than the goods they want to buy, so the best thing is to either stop gambling for the time being or look for an alternative option to fund your betting account.

R


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April 20, 2024, 04:22:30 PM
 #38

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 addicted gamblers who used to bet in physical gambling shops will not stop gambling this period. Some of them who have already identified some high odds games that they planned to gamble on but now cannot do so on their crypto casino will simply just take a walk or drive down to their former gambling place if it is still there to place a bet, or visit a new one to place their bets. Addicted gamblers will always find a way to gamble.

R


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April 20, 2024, 04:31:39 PM
 #39

I don't blame you.
If I was planning to roll some dices today, I would completely avoid to do some because of the crazy fees which are still being held on the Mempool after the having block. Fortunately for anyone interested into moving Bitcoin, I personally expect fees to go back down when the fever for the halving starts to wear off and people move on from it.
Also, someone who only held Bitcoin from some.monthd ago could have seen something like this happening and could have taken advantage of the normal and low fees to exchange some Bitcoin for other coin which is not as expensive to move around, like Litecoin, or Monero (though, it would me difficult to find a casino which accepts monero nowadays, because regulators).

I admit it is a problem, because if we talk about Bitcoin as an alternative for cash or some digital currency, then it is counterproductive for us to have to delay our gambling sessions because others around the world are saturating the network. It is something which does not happen with Fiat and it is a problem several altcoins have managed to solve.
Still no big casinos which feel comfortable enough with 2 layer solutions, because of security, I guess.

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April 20, 2024, 04:39:36 PM
 #40

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?

You can I think if you happen to have the patience to wait for like 6 hours as a fee of 9 dollars can do that I think and you can deposit from 10-100 dollars and still be able to play during today.Well I have just deposited now 12 dollars with an 8 dollars fee,nothing to do,just a couple of days and the fees will go down,the same has happened even in the past halving that Bitcoin had and as such I am not that surprised for this.I am surprised that people have transactions with fees of over 1000 dollars done today as I can see in the website bitcoinfees.net and that is really surprising to me,of course I assume that this crazy people have a lot of Bitcoins under their wallet and they don't care much for 1000 dollars,that is the only explanation to such happening for me.

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April 20, 2024, 04:41:26 PM
 #41

Some days are like this, and we can't expect such a big event to happen in the bitcoin network without affecting the transactions and other settings, so since we are still at this early stage of the new blockseize rewards we may have to give sometime for the network to recover or stabilise.
Even as that may be the case, we also still have the memory of how bitcoin fees have skyrocketed in the last few weeks month and day's, so we need to get used to such situations since it will only have temporary effect on the network.

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April 20, 2024, 04:51:54 PM
 #42

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?
Today bitcoin transcation fees is really too high. I don't think gambling sites would be shut down for that today. Because not everyone only gambles with Bitcoin. Many people gamble by depositing in trx, ltc, bsc chain, I myself deposit in tron ​​chain for gambling most of the time because I avoid gambling with big amount. so I am not interested in paying high transaction fees for small amounts. therefore, such transaction fees in Bitcoin will not deter gamblers from gambling.


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April 20, 2024, 05:05:54 PM
 #43

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?
No one has ever seen such a high transaction fees. Many casinos already offer built-in crypto exchange, so, I assume that only Bitcoin withdrawals would be delayed and no gambler would deposit Bitcoins too (except rich ones). It wouldn't be a lucky day for those gamblers who use non-custodial wallet (exchange users should easily be able to convert it to any altcoin and then deposit on casino).
By the way, today would be a very strange and unusual day for every crypto business that accepts Bitcoin. Just imagine, you are a casino owner and expect that users deposit daily up to 20 BTC (for example) and today you wake up and there are 0 deposits Cheesy That would be a heart-attacking experience.

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April 20, 2024, 07:17:49 PM
 #44

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?
Today bitcoin transcation fees is really too high. I don't think gambling sites would be shut down for that today. Because not everyone only gambles with Bitcoin. Many people gamble by depositing in trx, ltc, bsc chain, I myself deposit in tron ​​chain for gambling most of the time because I avoid gambling with big amount. so I am not interested in paying high transaction fees for small amounts. therefore, such transaction fees in Bitcoin will not deter gamblers from gambling.
Actually pretty smart to be gambling with altcoins. Gonna save tons of money in fees. Currently 80$ for a high priority transaction with bitcoin. Hopefully the crazy stops in the next few days, otherwise people gonna be scared away from bitcoin.

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April 20, 2024, 08:01:27 PM
 #45

Fees have dropped to around $15 now, maybe in the next few hours it will be at $5 ish.
Or maybe it will rise if the runes protocol spamming the network again (damn you casey).
Its better to withdraw the BTC balance at the casino when the fees back or near to normal and replace it with another coin temporarily.

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April 20, 2024, 08:16:58 PM
 #46

Transaction fees have been expensive for days, and yesterday they went crazy. But it's nothing new, I usually have some alt on the side that I use at times like this. And luckily there are some wallets & casinos that offer different chains, so we can use that option as well.

That was to be expected. The fees have skyrocketed due to the recently launched Runes protocol, which went live at the halving's block 840,000. Although I didn't believe the fees would go that high. Let's hope that the situation will calm down in a day or two.

I guess these high BTC fees can and are problematic for people who gamble only with BTC. But those who are in crypto for some longer time always have some USDT on a side and can use that for gambling at any time with very low fees on some chains.

I dont typically hold any stablecoins as they dont serve a purpose for me.  Thankfully, there are other altcoins with low transaction fees. As long as these altcoins are widely accepted for my purchases, Im good.

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April 20, 2024, 08:24:25 PM
 #47

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?
Without a doubt that is a transaction fee that very few people can afford, as if you can afford to pay that much money on fees then you are probably moving tens of thousands of dollars at minimum, while gamblers and other people making small transactions have no other option but to wait until the fees get reasonable again, something that could take a lot of time as the excitement over the halving and what it is to come is just starting.

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April 20, 2024, 08:39:42 PM
 #48

Fees have dropped to around $15 now, maybe in the next few hours it will be at $5 ish.
Or maybe it will rise if the runes protocol spamming the network again (damn you casey).
Its better to withdraw the BTC balance at the casino when the fees back or near to normal and replace it with another coin temporarily.
Using the alternative is ideal, since the fees are really high and if you are a small time gambler, this is not worth it to gamble. This is why there’s a lot of gamblers who prefer to gamble with the stablecoins or with the altcoins as the fees are low and they can transact it faster. BTC option can be good to big time players as they can afford that fees.

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April 20, 2024, 08:42:07 PM
 #49

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?
You would really be that not doing gambling today but since i do have some balance in my casino account then there would be no issues. Usually the only problem is to make out deposits and of course on the time that you make out some withdrawal but with the current fees we do have then it would really be just that painful to see that current fees on Bitcoin network today. Well, this is really just that something temporal and we would really be able to see for it to normalize in a few hours on which this is something that could really happen in a market. Just like on what most people been saying that you could make use with other coins for you to gamble
since majority of platforms or sites now are really that having that multiple coins on which you could really be able to play. Somehow it is really just that there are gamblers who do really want to see Bitcoin as their balance and the coin that they would really be winning up.

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April 20, 2024, 08:45:48 PM
 #50

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?

The fee is absolutely outrageous! I thought it was a bug in my code causing this when I tried to withdraw funds from my website, but no! That is really the fee! Lol.



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April 20, 2024, 09:19:54 PM
 #51

you can always use a crypto currency that is processed faster and also with a lower transaction fee.
If you have enough time, you can send btc with very low fees and wait...

Generally speaking, I think that in the long term L2 systems will be the minimum standards for deposits / withdrawals,

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April 20, 2024, 09:24:10 PM
 #52

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.
seems like this is a normal occurrence after every halving, and yeah this is also the only time I've seen Bitcoin fee reach this high, it's probably the new ATH for Bitcoin fees.

Who among us here can still afford to gamble?
probably the ones who already have bitcoins on their gambling accounts or high rollers. also, a lot of gamblers even the ones who can afford the fee would probably refrain from depositing at the moment and let the fee go down.

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April 20, 2024, 09:33:55 PM
 #53

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 those that leave their coins or some bitcoin in their betting account can still afford to gamble but for the case of other that don't then thats a different story because I can't imagine someone actually paying such fee to gamble when their is no certainty with his gambling habits accept that person has enough bitcoin and wouldn't mind wasting some of it although their is the option of USDT if you are that desperate type.

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April 20, 2024, 09:47:08 PM
Last edit: April 21, 2024, 07:00:40 PM by Saint-loup
 #54

It's sad for the Bitcoin ecosystem to have such high fees, it destroys BTC reputation as a convenient and usuable cryptocurrency since very few casinos and gambling platforms offer Lightning Network deposits up to now unfortunately. People will then turn themselves to altcoins or stablecoins and won't come back easily to Bitcoin. So I hope devs will find some solutions to this recurrent issue soon. It doesn't concern Gambling activities only.

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April 20, 2024, 09:55:52 PM
 #55

you can always use a crypto currency that is processed faster and also with a lower transaction fee.
If you have enough time, you can send btc with very low fees and wait...

Generally speaking, I think that in the long term L2 systems will be the minimum standards for deposits / withdrawals,

For now, if you really do want to gamble, then, use other alts with low tx fees. But if not, you need to bear with high btc tx fees. In the coming days, it will go down for sure. Currently, it goes down to about 18 bucks for high priority. Based from the time the OP created this thread, it means, the fees already went down significantly.


https://mempool.space/

If you are not in a hurry, then, don't deal with btc for the moment. Or you can always trade your btc to other alts, that is, if your btc is already in the exchange.

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April 20, 2024, 09:59:51 PM
 #56

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?
Degenerate gamblers would still fund their wallets and gamble regardless... Unless they haven't got that much in stock, they won't mind.
On the other hand, most of them would prefer to swap to any altcoin and fund with it. So If you thought the fees would deter them, then you definitely don't know a thing about gambling!

Alot of people saying Bitcoin is behaving in an unusual way due to the surge in transaction fees? Do they really know what the term HALVING MEANS?

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April 20, 2024, 10:20:34 PM
 #57

Currently as things are going with Bitcoin wise gamblers understand this all, and they are trying their best for having alternative coins which are much better and having less fees because usually as we have situation like this casino take good advantage of this all as I personally face and give huge amount in withdrawal but now in last few months usually I am going with alternative options.
With this we can withdraw quickly and fees is also very less after having withdraw we can convert them in bitcoin for own personal because for holding still I am comfortable with this but for the use case due to these issues now I am going with my other options instead of this bitcoin.

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April 20, 2024, 10:27:41 PM
 #58

I might get staked for this but I almost never use bitcoin for gambling lol.

For starters, I try to always keep low fee altcoins like LTC at my disposal for quick transactions. Because their network fees are cheap, their withdrawal fee in casinos are always cheaper than btc. Not only that, compared to BTC, the minimum withdrawal amount tend to be much lower in most casinos I've played to as well -- this is useful if you have a small bankroll.

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April 20, 2024, 10:31:38 PM
 #59

If you can transfer your coins to an exchange and trade those bitcoins to doge or XRP, then you can still play to other platforms that accepts these for deposits. These coins are seldomly affected by the increase in fees on the bitcoin network, making them good for transferring funds tp gambling platforms. You can always send back these coins to an exchange once you're done and convert to btc, after which you can decide if you'll keep it there in the mean time or you keep the alts as is. It's not a solution but rather a nice workaround if you may.

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April 20, 2024, 10:42:52 PM
 #60

It reminded me of the past when rates were very high. In my case, since I started placing my bets, I chose Litecoin as a deposit method because at the beginning I used bitcoin, but the problem was that when I won and withdrew from the casino, the amount that arrived in my wallet looked like I didn't win. nothing due to the high rate, so at that time I realized that there was no point in using bitcoin for gambling anymore. That's why I started using Litecoin because it has very low fees, even when the market is very busy like it is currently, Leitecoin continues to have low fees. Even for trading I chose to always withdraw in Litecoin or USDt because of the very low fees. In my opinion playing using bitcoin at a time when bitcoin rates are low, it only pays off for people who play with large amounts

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April 20, 2024, 10:45:34 PM
 #61

Fees have dropped to around $15 now, maybe in the next few hours it will be at $5 ish.
Or maybe it will rise if the runes protocol spamming the network again (damn you casey).
Its better to withdraw the BTC balance at the casino when the fees back or near to normal and replace it with another coin temporarily.
Using the alternative is ideal, since the fees are really high and if you are a small time gambler, this is not worth it to gamble. This is why there’s a lot of gamblers who prefer to gamble with the stablecoins or with the altcoins as the fees are low and they can transact it faster. BTC option can be good to big time players as they can afford that fees.
Options like this will definitely come mostly for those gamblers who are eager to play by all means, alternative like altcoins or stablecoin is good at this point but a gambler can always decide to wait since they're not holding altcoin. Things like the high fees and other factors are bound to happen mostly in situations like this but I don't know why the fee will be so high so this extend. Any gambler who is ready to risk it at this time should think twice as the fee is high but personally taking break during times like this is more preferable than finding another alternative cause sometimes alternative do fail

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April 20, 2024, 11:10:45 PM
 #62


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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.

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serjent05
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April 20, 2024, 11:41:11 PM
 #63

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?
When the halving happened last night, the fee was between $200 and $300 to send. It got really crazy. I may have to delay sig campaign payments til the fees come back down to earth. Hopefully in the next 24 hours fees return to normal so people can gamble if they want.

Hopefully, the transaction fee will return to normal. The current transaction fee for high priority according to mempool is around $39 as of this writing but it looks like the minting of NFT under Rune Protocol is yet to be finished so I think we have to wait for a longer time for the Bitcoin transaction fee to return to normal.


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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.

True that casinos have different deposit options but if you are only holding Bitcoin and it is in your non-custodial wallet, those options are useless unless your Bitcoin is stored in an exchange where you can convert your Bitcoin to any other altcoin anytime. 

So yeah, with this huge amount needed for transaction fee, I think skipping a gambling session is inevitable until the Bitcoin tx fee return to normal.

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April 20, 2024, 11:55:03 PM
 #64


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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.
It's true, there are still altcoins that have very cheap transaction fees, of course gambling places have thought that this would happen so they provide options for altcoins that can be used to place bets at gambling places. So far, making transactions using Dogecoin, Tron and LTC will be cheaper and faster and will definitely be provided for many online gambling site platforms. Keep gambling until we become rich from what we do.

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April 20, 2024, 11:59:11 PM
 #65


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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.
It's true, there are still altcoins that have very cheap transaction fees, of course gambling places have thought that this would happen so they provide options for altcoins that can be used to place bets at gambling places. So far, making transactions using Dogecoin, Tron and LTC will be cheaper and faster and will definitely be provided for many online gambling site platforms. Keep gambling until we become rich from what we do.
But the thing is, who's right mind will use their bitcoin holdings as their payment for gambling? I know maybe those who have a lot of holdings, but still, it's a waste to use bitcoin asuse their bitcoin holdings as their payment for gambling? I know maybe those who have a lot of holdings, but still, it's a waste to use bitcoin asuse their bitcoin holdings as their payment for gambling? I know maybe those who have a lot of holdings, but still, it's a waste to use bitcoin as your payment because the value of bitcoin is getting higher and it's a waste if you lose those bitcoins. So yes, altcoins will be a good alternate, but still, you are gambling, and we know you will lose more than you will win, so I don't know why bother to gamble and use bitcoin as payment despite these high transaction fees. Maybe I just don't feel like using my crypto currency for gambling payments because I do that in order to earn by holding those coins or trading those coins. Also, in this current halving event, it's better to wait to see what will happen to bitcoin and if the price of bitcoin will drop or not and other currencies will follow.

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April 21, 2024, 01:00:36 AM
 #66

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've seen high fees before, but I can still gamble because I still have some satoshi on the gambling site, I don't deposit from my own wallet this month, so I still can gamble using my bitcoin on the gambling site. And, as I know, some gambling sites have other crypto payments with the lowest fees like TRX, Doge, and others. I think there's no harm to us using it before the Bitcoin fee is lower than today. Because it usually doesn't take long, this happens because of halving hype, maybe after this, it will be much lower than before. I'm also waiting for that because the gambling fee for withdrawal is also high, they even set 50K satoshi for the fee, even my budget is not more than that.
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April 21, 2024, 01:52:22 AM
 #67

Those who have Bitcoin in their balance don't have to worry about this yet. The exit is where the problem will begin but as much as possible, save your Bitcoin and gamble responsibly. If you could prolong that balance then do it. Don't just bet anywhere without the assurance to get it back as soon as you can.
It's given that the fees will go up because it's preventing Bitcoin holders from playing with the market while the halving is happening. That way, there will be no problem and that's what happened. It was finished so fast that I didn't have the chance to see what was happening. My notification just surprised me that it's already done.
I don't think many gamblers are using Bitcoin ever since it hit $60k. So, it's possible that less of them were affected by this.

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April 21, 2024, 01:55:45 AM
 #68

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?
Why would you use BTC to gamble with? LTC is a much better option for a plethora of reasons...
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April 21, 2024, 02:56:26 AM
 #69

It's true, there are still altcoins that have very cheap transaction fees, of course gambling places have thought that this would happen so they provide options for altcoins that can be used to place bets at gambling places. So far, making transactions using Dogecoin, Tron and LTC will be cheaper and faster and will definitely be provided for many online gambling site platforms. Keep gambling until we become rich from what we do.
I'm not going to sit here and fold my arms, using crypto meant for significant tasks go gamble, why will I sensed it to be promising anyway? Gamble with cryptocurrencies doesn't seem to be one of the good choices in the market. We have the likes of Dogecoin, Litecoin, USDT and others, instead I'll settled for trading and longterm investments. It have always been a top priority to know the seasons of the market and ensure you're on the right path to trigger your decision towards the market. Use fiat currency to gamble on these casinos and we have easy money flowing in and out.



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April 21, 2024, 03:06:18 AM
 #70

If you don’t have balance in the platform where you used to gamble, then yes you are forced to use other coins in order to gamble. The fees were really insane after the halving. Network is damn congested. The actual reason for this congestion is still unknown, but many people assuming the halving made this traffic. Nevertheless it also become a reason for the addicts to stop gambling. Let’s see when the prices come back to normal.

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April 21, 2024, 03:40:58 AM
 #71

If you don’t have balance in the platform where you used to gamble, then yes you are forced to use other coins in order to gamble. The fees were really insane after the halving. Network is damn congested. The actual reason for this congestion is still unknown, but many people assuming the halving made this traffic. Nevertheless it also become a reason for the addicts to stop gambling. Let’s see when the prices come back to normal.

I don't think it will cause those gambling addicts to stop in doing this activity because even if there's a high amount of transaction fee, they still do it no matter what happens, they didn't control theirselves but I hope it can minimize their time in participating in gambling for the mean time.



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April 21, 2024, 03:44:54 AM
 #72

Nevertheless it also become a reason for the addicts to stop gambling. Let’s see when the prices come back to normal.
The addicts don't really care much about the fees because they spend then thousands of dollars worth of Bitcoin in gambling and pay transaction fees of $100 wouldn't bother them too much.

Most of those addicts know that they can also choose alternative coins for depositing and thus they might go with alt coins when the Bitcoin network is congested.

But, I'm very sure that even the high fees aren't much high for the addicts who spend thousands of dollars on betting each week.

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April 21, 2024, 04:18:47 AM
 #73

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?
People who want to gamble will still do.wether high transaction fee of bitcoin or not. But I think there are other payments options apart from bitcoin. If crypto gambling site will be so expensive to use due to high transaction fee, there is a possibility that most people will like to play gamble with sites that accepts fiat instead of crypto currency.
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April 21, 2024, 04:24:45 AM
 #74

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?

This current high price in the cost of Bitcoin transaction fee is one phenomenon that can never be manipulated at this moment, hence, it's better for any individual who wishes to deposit some crypto into his/her casino account to send either Stable or altcoins, since it's fees are still reasonably okay as compared to Bitcoin with fee around $50 to $100. Because the truth is that this high fee is not going to remain forever, it's just for the moment, and as such it's good we make wise decision rather than spending too much on fees.

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April 21, 2024, 04:31:30 AM
 #75


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?

Casinos don't only have one deposit option, apart from Bitcoin, there are so many other coins that are accepted in the casino too. Bitvest.io accepts BTC, LTC, ETH and Dogecoin, since Bitcoin fee is he, gamblers can deposit with a crypto like LTC which has a low transaction fee. Don't even be surprise that some gamblers still made their deposit with Bitcoin today without minding the high fee.

How if your favorite gambling site is accepting bitcoin only as payment method? As long as I know there are still some sites that accept bitcoin only like bustabit and bustadice. With so expensive tx fee, small players will not be willing to make deposit and there is no other option except stop gambling while waiting for the fee to be back normal or move to other casinos that accept altcoins. This kind of high tx fee is not only affecting players but also casinos (especially those with no altcoins). Of course there might be some players who do not mind about high fee but they must be high rollers who deposit thousands dollar per transaction.

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April 21, 2024, 04:51:23 AM
 #76

I don't have any altcoins at the moment, otherwise I would use an altcoin with low fees to make a deposit. The fees have gone down but they are impractical for people who play with low amounts. I, like the OP, never deposit more than $100 and right now I would have to pay $30 in fees to be able to deposit which is a big NO.

Eventually if I get the gambling bug I'll take my card and deposit at a fiat casino.

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April 21, 2024, 05:23:09 AM
 #77

I don't have any altcoins at the moment, otherwise I would use an altcoin with low fees to make a deposit. The fees have gone down but they are impractical for people who play with low amounts. I, like the OP, never deposit more than $100 and right now I would have to pay $30 in fees to be able to deposit which is a big NO.

Eventually if I get the gambling bug I'll take my card and deposit at a fiat casino.

Still no go today, but the good news is that the fee area slowly going down. I missed the $200 - $300 which I saw posted by yahoo62278, and based on that, there's a major decline already as the fee is now $30, but like you said it's still impractical to gamble at this moment. I have few balance in my debit card, I can use it in our fiat sportsbook but I woudn't still be satisfied as I want to have a longer session, so I'll just probably wait, few more days and everything will be back to normal.

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April 21, 2024, 06:44:34 AM
 #78

Still no go today, but the good news is that the fee area slowly going down. I missed the $200 - $300 which I saw posted by yahoo62278, and based on that, there's a major decline already as the fee is now $30, but like you said it's still impractical to gamble at this moment. I have few balance in my debit card, I can use it in our fiat sportsbook but I woudn't still be satisfied as I want to have a longer session, so I'll just probably wait, few more days and everything will be back to normal.
Fees are still unstable, and this is indeed the effect of the Halving and Rune Protocol appearing in Bitcoin.
But there are still other options besides using Bitcoin, you can use Fiat or altcoins, but it depends on each gambling platform whether they provide other coins.

But of course this situation will not always happen, costs will return to normal and stable.
Now the transaction fee has dropped quite drastically from yesterday's highest fee.
The highs are now around $22 and certainly not good enough for gambling or other transactions.


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April 21, 2024, 08:35:52 AM
 #79

I thought that for a long time, not many gambling use bitcoin for gambling already. As there are more cheap and fast blockchain, bitcoin isnt that popular for gambling. I cant remember when the last time I have used bitcoin for gambling. And dont forget, that many still convert their bet and balance to $. No matter what cryptocurrency they deposit or use for betting, mentally they count everything in $. I doubt that high fees are real problems for gamblers. People would avoid using it and that is it. Because not only its is costly to deposit, but they will also lose a lot during withdrawal.

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April 21, 2024, 09:16:39 AM
 #80

The high fees do drive away some gamblers but not all. Some of them will continue to pay the high fee and still deposit just to bust their coins once again and continue depositing more till they have an empty wallet. This is also why casinos introduced the altcoins are payment system in the casinos, they know how difficult it is for the gamblers and to allow their business to run smoothly during high fees situation, altcoins are a good option too.

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.

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April 21, 2024, 09:49:38 AM
 #81

how is going today?
It's good because the halving happened but not that good when we're looking at the fees of it. These BRC20, NFT bitcoin blockchain and Runes crazy folks that are spamming the network so, doing good and bad at the same time.

Who among us here can still afford to gamble?
I won't afford to pay for that sums of fee. If I want to gamble today, I'd choose the altcoins that have lesser fees or simply go on with Litecoin or any other altcoins like Dogecoin or even XRP if I have to.


I have been screaming this out loud for a long time now, what brc20 and runes will cause will make Bitcoin not as interesting as it used to be, this is just the tip of the iceberg, we haven't seen anything yet.

What do you think will happen once there is a bigger bull market and those ordinals have huge amounts of volume? There will be sluggish on the network with high transaction fees too, probably higher than what we see right now.

Buckle up guys, they claimed that ordinals will make miners get fat pocket but in the end, it is killing Bitcoin users, if mining is the only thing that makes sense with Bitcoin just because of what miners will make then the whole thing doesn't make sense anymore.

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April 21, 2024, 10:59:12 AM
 #82

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.
No need to wait for the future, there are many casinos have been adopted Lightning Network List of Gambling Site Accept Lightning Network.

Even though Lightning Network is cheap, but it's not cheap at all.

If you didn't have Bitcoin in lightning network, you need to convert it, so you need to pay on chain fees.

If you didn't have a channel, you need to fund it using on chain fees too.

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April 21, 2024, 11:04:16 AM
 #83

and because of that i don't use bitcoin for my gambling because the fees are unreasonable at some times. even to make a transaction right now it costs 15 usd, it's just quite unreasonable. and because it is better to choose another payment method that is more reasonable than bitcoin, usually casinos provide alternatives that gamblers can use if they find it difficult to use bitcoin as their payment, and usdt is usually the best choice.

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April 21, 2024, 11:06:23 AM
 #84

Maybe in future we will see LN being adopted in some form on casinos so as to smoothen these issues even more and then nobody would worry about fees again.
No need to wait for the future, there are many casinos have been adopted Lightning Network List of Gambling Site Accept Lightning Network.

Even though Lightning Network is cheap, but it's not cheap at all.

If you didn't have Bitcoin in lightning network, you need to convert it, so you need to pay on chain fees.

If you didn't have a channel, you need to fund it using on chain fees too.

And some aren't interested with the lightning network as it could be complicated for them. So why would they choose an LN if they can use an alternative coins. As of now, there are a lot of casinos already that are accepting altcoins and it's not anymore a problem using it as there are exchanges that have a decent volume on it, so it's easier to gamble even if we wager a bigger amount.

OP was just probably discussing about the current situation, but this will be gone soon as bitcoin will be back to its normal transaction fee average. As I'm checking now, the fees are down to $15 already, so tomorrow maybe we will see a max $5 on this.

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April 21, 2024, 02:06:10 PM
 #85

This is where altcoins is going to be a good option.
Any gambler can still send USDT to a casino which is what I also did. I tried checking how much the fees today also because I wanna send to an exchange from my wallet, and the fee is more than the amount I wanna send. For a gambler, nothing can stop especially when boxing of Haney and Ryan Garcia is about to happen so I just send a few USDT from the exchange.

https://talkimg.com/images/2024/04/20/j7LVq.jpeg

Just a screenshot of how much I would have paid for sending a few bucks.
Compared to yesterday, it's cheaper now but compared to the normal days, it's still quite expensive. So whom did you bet? If Garcia, congrats.

Yeah same here as well, those fees are insanely high and for me it's not an option doing transactions. I'd rather choose another option like Doge or stable coins. We can afford to gamble but not the fees of course haha that is too much for me. And even big players I don't think they are gonna do that as well.
Doge all the way, right?  Grin

We can't afford to transact with those fees but if you've got some balance in BTC already sitting in the casino you're gambling then you have no problem with that not unless you start to withdraw.

I have been screaming this out loud for a long time now, what brc20 and runes will cause will make Bitcoin not as interesting as it used to be, this is just the tip of the iceberg, we haven't seen anything yet.

What do you think will happen once there is a bigger bull market and those ordinals have huge amounts of volume? There will be sluggish on the network with high transaction fees too, probably higher than what we see right now.

Buckle up guys, they claimed that ordinals will make miners get fat pocket but in the end, it is killing Bitcoin users, if mining is the only thing that makes sense with Bitcoin just because of what miners will make then the whole thing doesn't make sense anymore.
I've seen this in the past but not as big as yesterday. I'm prepared to what will happen but I strongly disagree with you about this with the brc20/rune cause of the high fees.

There's so much privilege for Bitcoin and despite this problem has been existing since several years ago, it'll remain where it is right now and eventually this high fees problem will be solved.

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April 21, 2024, 02:28:59 PM
 #86

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

All of us are caught with these huge fees, I should have transacted but I wanted to know what the halving would bring so I delayed my transaction only to get caught with a very unusually high fee.

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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?

Gambling activity will continue, on all the platforms on the internet online casinos will never cease their operation because of the very high transactions of Bitcoin, there are altcoins to turn to, and I'm sure gamblers who use Bitcoin have contingency plans in case they can't deposit Bitcoin, gamblers will always have alternative.

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April 21, 2024, 06:28:42 PM
 #87

Today for the Low Priority transactions the fees are 138 sat/vB which is around 12,5$, if you are a gambler with low budget these fees are considered really high, maybe a round betting in slots or a hand in BlackJack will be wasted. Personally, whenever the fees are high like lately, I prefer to exchange a small quantity of bitcoin to USDT or BNB with lower fees. It’s a process that I do with centralized exchange which I don’t recommend, preferably to choose a decentralized exchange and it has lower fees.

However, If you are not thinking about exchanging your Bitcoin to other coins, at the same time you can’t afford the fees of transaction, maybe it’s a good opportunity to give gambling a rest and find a better activity and have fun, after all it’s not an obligation to gamble all the time.

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April 21, 2024, 06:46:46 PM
 #88

There are still altcoin alternatives to still be able to play gambling at your favorite casino.

For a long time bitcoin has experienced a lot of congestion in its network due to high fees even though it was once low again, but as an option I chose altcoins instead of bitcoin for the reason that the cost is cheaper the withdrawal is more minimal in contrast to bitcoin.

I don't know how a gambler who often deposits with bitcoin feels, maybe he will postpone gambling until the mempool subsides, unless a whale deposits a large amount then the $100 fee is not a problem.


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April 21, 2024, 07:03:02 PM
 #89

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?
Thank God the Mempool is now better, it was scary in the wake of halving and it is not acceptable in a sane system. The miners have once again demonstrated their selfishness and continue to cause issues on the Mempool. I was able to see almost around $200 fee at that time, which is insane and a taint on a system like that of Bitcoin that other cryptocurrencies were supposed to look up to.

However, it is good for us to foresee a thing like that, I had foreseen it, since miners that could be exploiting people on a normal day, how much more would they do on a special day like that? In future, in a time like that, having enough money in your gambling account is good, this should be able to serve well until the whole situation comes back to normal.

Also, Bitcoin is not the only cryptocurrency to make deposits into casino accounts, use the alternatives. But if your casinos doesnn't allow that, they will be the ones to lose, just deposit into another casino account and continue to enjoy your betting as usual.

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April 21, 2024, 07:21:53 PM
 #90

and because of that i don't use bitcoin for my gambling because the fees are unreasonable at some times. even to make a transaction right now it costs 15 usd, it's just quite unreasonable. and because it is better to choose another payment method that is more reasonable than bitcoin, usually casinos provide alternatives that gamblers can use if they find it difficult to use bitcoin as their payment, and usdt is usually the best choice.
From my opinion, I have known some casinos to have other payments methods and if a casino have only only 1 option for deposits, that means they will not have much customers because there are people that feels comfortable with Bitcoin and there are others that always use altcoins for gambling. So as bitcoin fees is very high they will likely switch over to USDT when they want to deposit.

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April 21, 2024, 07:34:43 PM
 #91

Every time I see this congested state of Memepool, I get annoyed, even if I don't want to, I have to find an alternative to bitcoin for transaction. It is in all cases starting from gambling to all the services I use as payment, I am being shifted from the Bitcoin network to another network. But I don't stop my gambling it is going on now I am using litecoin even today I have also doing two of my betting and I have on both of them, So I think there is no connection with the bitcoin to gambling, gambling will go it's own way and on the other hand bitcoin will go its way. And I think we don't  should stop our self from entertaining because of only the tx fee is high cz there is alternative ways ae already available

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April 21, 2024, 07:40:34 PM
 #92

Fees are actually going back to normal gradually. As for now a majority of persons have paused and transaction till fees become economical once again. Likewise most gamblers either paused funding their gambling wallet with Bitcoins or made use of other networks to deposit like USDT or even Tron. Gamblers that are still able to stake this period are those who already had some funds in their gambling wallet or recently funded their gambling wallet before the recent Bitcoin fee increase.
I that alternatively most gamblers are making used of other coins and tokens accepted by their online casinos to fund their gambling wallets instead of making use of Bitcoin during this period of high fees.

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April 21, 2024, 07:45:07 PM
 #93

and because of that i don't use bitcoin for my gambling because the fees are unreasonable at some times. even to make a transaction right now it costs 15 usd, it's just quite unreasonable. and because it is better to choose another payment method that is more reasonable than bitcoin, usually casinos provide alternatives that gamblers can use if they find it difficult to use bitcoin as their payment, and usdt is usually the best choice.

Good for you. You'd have to be insane to pay over $200 for a bitcoin transaction. Probably another stupid move by the ordinals people...
Anyways, I've always said that if someone wants to burn money just to prove a point, we should let them. Your money, do whatever you want, I can wait and you will eventually run out.
As long as this continues other people will not sent any transactions, decreasing the total number of transactions, so that the people who are fighting for their spot in the next block can duke it out.

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April 21, 2024, 07:49:37 PM
 #94

Fees are actually going back to normal gradually. As for now a majority of persons have paused and transaction till fees become economical once again. Likewise most gamblers either paused funding their gambling wallet with Bitcoins or made use of other networks to deposit like USDT or even Tron. Gamblers that are still able to stake this period are those who already had some funds in their gambling wallet or recently funded their gambling wallet before the recent Bitcoin fee increase.
I that alternatively most gamblers are making used of other coins and tokens accepted by their online casinos to fund their gambling wallets instead of making use of Bitcoin during this period of high fees.
As it should be since there's no other way that it could go through which it would be going down or something on the time that it would normalize on which this is something that do really happen.
There are really times or moments which these fees do really spike up specially on some event or whatever reason it could be. There are really just that people who do make out some exagerrated
comments specially newbie ones when these spikes do happen as they could really be able to see some alternative or coins on which they could really make use on the time that they do gamble.
Come to think that Bitcoin isnt the only coin that you could really make use out of these platforms.

It is really that settling down now, it might take up a few hours or even a couple of days before it would goes back to normal. This would really be always a test of patience
and instead on making yourself getting pissed or disappoint then it would be best that you should look for other places on wheer you could put yourself to enjoy on.

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April 21, 2024, 08:51:50 PM
 #95

Fees are actually going back to normal gradually. As for now a majority of persons have paused and transaction till fees become economical once again. Likewise most gamblers either paused funding their gambling wallet with Bitcoins or made use of other networks to deposit like USDT or even Tron. Gamblers that are still able to stake this period are those who already had some funds in their gambling wallet or recently funded their gambling wallet before the recent Bitcoin fee increase.
I that alternatively most gamblers are making used of other coins and tokens accepted by their online casinos to fund their gambling wallets instead of making use of Bitcoin during this period of high fees.

Nah, fees are still going up, and it really depends on the timezones, sometimes I will see that the fees are going down to like 90 sat/vB. But after several hours, with no pump in the price, it will go back to 200's sat/vB. So no Bitcoin deposit for now, just the fees alone will eat up our money for gambling. So either uses USDT or other altcoins that is fast and quick, or totally stop gambling which is very hard to do. Or maybe there are gamblers here who might think of the alternative fiat platform just to stay away from the Bitcoin high fees for now.
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April 21, 2024, 09:14:59 PM
 #96

People using bitcoin to deposit to casinos probably won't care paying a fee of 10 or 25$. Those of us that care and are already experienced enough with crypto are most likely already aware of alternative methods probably. Like for example using USDT on BSC or Tron network to pay fees like 1 USDT per transfer. Even that is a big high for some people but hey, at least compared to ETH and BTC fees it is very much on the low side. I don't know how often people withdraw from gambling casinos though.

I'd guess it's mostly that people care about how much it costs them to deposit. And for such reasons most crypto casinos are also introducing credit card payment methods lately also. Even if you pay a 10% fee to deposit crypto via credit card payment, it still makes sense on low payment amounts like 10$

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April 21, 2024, 09:17:42 PM
 #97

I don't understand why people are even using BTC for transfers? When you can basically use any other crypto and pay less than 3 cents in transfer fees...
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April 21, 2024, 09:31:12 PM
 #98

and because of that i don't use bitcoin for my gambling because the fees are unreasonable at some times. even to make a transaction right now it costs 15 usd, it's just quite unreasonable. and because it is better to choose another payment method that is more reasonable than bitcoin, usually casinos provide alternatives that gamblers can use if they find it difficult to use bitcoin as their payment, and usdt is usually the best choice.
Multiple payments methods I'd one of the features of contemporary casino's because what most gamblers look put for is how to fine the best alternative to whatever is giving them issue's  such as payment system and if at any time bitcoin fees become unbearable like the current situation then you can switch to alternative currency that have less fees.

USDT is one of the most used currency due to the low fees and foster transactions on the stable coin network.
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April 21, 2024, 09:39:34 PM
 #99

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.

People who use Bitcoin for gambling might not agree with me, but that is what I think and it is what I do when I'm gambling for better clarity.

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April 21, 2024, 10:45:41 PM
 #100

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.
It's fine to gamble with BTC if the fees are bearable and cheap but if the situation is like this, I'll be the first one to stop.

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.
USDT or any other altcoins that has a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it but you should also choose the network where you'll send it because ERC20 is not cheap anymore.

People who use Bitcoin for gambling might not agree with me, but that is what I think and it is what I do when I'm gambling for better clarity.
It's okay, to each their own.



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April 21, 2024, 10:59:09 PM
 #101

Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.

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April 22, 2024, 05:51:18 AM
 #102

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.
It's just an option or an option that you can skip if you don't like it.
And there are many other coin options if the casino platform supports more coins.

Some people who gamble use bitcoin not only to make a profit from the value of bitcoin,
but also to accumulate Bitcoin holdings in order to get more if they get winnings.

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.
USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.
More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.

Like the airbet.io Online Casino that I use,
there are around 17 Crypto Currencies including BTC, ETH, LTC, DOGE, TRX, stablecoin USDT, USDC which uses the TRX and BSC Network with cheaper fees.

https://airbet.io/
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April 22, 2024, 06:35:57 AM
 #103

For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

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Z390
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April 22, 2024, 07:30:53 AM
 #104

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?

This shouldn't stop you from gambling, many online casinos are aware of the high trsansction fees that happen with Bitcoin at times and thats why they have other deposit options too, like Tron TRC20 and others, if you really want to gamble and all you have is BTC, kindly move to an exchange and swap to other acceptable coins. Easy as ABC

I know like 10 different online casinos on here and they accept other altnernative coins apart from Bitcoin, some are large in numbers and some are just few, gone are the days where online casinos only accept Bitcoin payment only, today we have Litecoin and Dogecoin as a plus.

As for the high transaction fee on the Bitcoin Network, it will soon fade away, since the last days I have seen $250 per transaction and it gets lower and lower everyday, today its down to $9 and that my friend is a big changes so far, you can give it time if you don't want to use other alternative coins.

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April 22, 2024, 08:06:10 AM
 #105

To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos. And btw, situation with Bitcoin and fees seems to get normalized, as whole morning I see no fees greater than 100sat, which are the same as they were 2 weeks ago.

R


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Lida93
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April 22, 2024, 02:36:49 PM
 #106

Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.
We are all caught up in this very net of high tx fees with the bitcoin network so it doesn't matter as gamblers who did cried out about the high fees or who else kept quiet about it. We all have our different personality trait and there are gamblers with a personality that they can't just keep quiet about this high fees with how it's affects them from gambling even when they aren't addicts. Hence, it can't be justified that they might be having some gambling addiction struggles within by virtue of them reacting to the frustration of not being able to gamble for those one or two days.

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noormcs5
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April 22, 2024, 02:48:49 PM
 #107

For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

Since almost all of the gambling sites allow you to gamble with altcoins along with Bitcoin, so it is not a big deal if due to the high fee, the people will use the altcoin for gambling and do not use bitcoin for the time being. Also, I think the high transaction fee was at the time of halving but now slowly the tx fee is decreasing and currently, it is a little above the 100sat/vbyte. With the passage of time the runes hype will be over and then we shall see a low tx fee, as before.


To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos.

A lot of people prefer altcoin over bitcoin while gambling and this is a fact. Altcoins like Dogecoin, TRX or LTC take seconds to get deposited and also the tx fee is too low.


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April 22, 2024, 03:52:53 PM
 #108

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.



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April 22, 2024, 04:18:32 PM
 #109

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

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April 22, 2024, 04:41:14 PM
 #110

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

No longer as expensive as few days back, but it can be still a big amount for small players who play with few tens dollar to 1 or 2hundreds dollar.
Of course there is no other ways to avoid expensive bitcoin tx fee for gambling except by using altcoins (I prefer TRX most of the time).
I myself rare to gamble using bitcoin because I prefer to hold it than using it for gambling.
If people cant afford to pay bitcoin fees (when it is expensive) but they do not want to use altcoins, simply do not gamble at all Smiley

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April 22, 2024, 04:42:33 PM
Last edit: April 22, 2024, 05:02:29 PM by AmoreJaz
 #111


I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly. On this note, maybe, pause for a while if you feel you can already bet that amount. And I can totally understand about such feeling, because I also bet small in some of the sports. For now, you can use other cheap alts if you can exchange it before sending to the online casino/bookie. There are so many ways now how to transfer alts to the gambling site.

And do remember, most of these gamblers will continue to play despite of the tx fees incurred. The gambling activities may be diminished to most small time rollers, but for high rollers, I don't think they would stop their betting owed to high tx fees.

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April 22, 2024, 04:57:01 PM
 #112

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly.
Most people don't want to pay $10 for a single transaction. Even for regular transactions 120 sats/vb is quite high. Maybe you can try using the lightning network, but you still need to deposit, make channels, etc. It's probably not the best time to try LN if you don't want to spend $10 for a deposit though.

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April 22, 2024, 09:18:05 PM
 #113

USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.
More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.
They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.



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April 22, 2024, 09:35:34 PM
 #114

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?

The gambler who using their holding bitcoin for the transaction may get suffer from this  situation.Because the transaction fee is the additional for the gamblers to add their money to the gambling site.Mostly the gamblers convert their money to usdt or other less transaction fee cryptocurrencies.So they easy get away from the transaction fee.Mostly the gamblers will not trade their money in the gambling sites in term of the bitcoin.Because bitcoin will automatically become some multiple of itself with certain period.

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.



The halving was the base reason for the increase of transaction fee,but mostly due to increased demand the price of the bitcoin will increase in the market.So the same will reflect in the transaction fee for the bitcoin transaction.The gambling site still favours the transaction of the bitcoin with less transactions fee.The transaction fee for tron,XRP and USDT are very low compared to the amount for the bitcoin transaction fee at the same moment.The gamblers may hold their valuable bitcoin for the future profit.
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April 22, 2024, 11:11:32 PM
 #115

It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.

Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.

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April 22, 2024, 11:29:54 PM
 #116

It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.

Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.

Woof, this post is a bit tough to decipher.  Sounds like you're saying low transaction fees make gambling more tempting?

But the grammar in the post makes it hard to understand. Rephrasing it with clearer sentences could help everyone get your point.

R


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April 23, 2024, 04:58:55 AM
 #117

Bitcoin fees are high and low but I would never bet with bitcoin for gambling. Because there is always high risk. Investing instead of betting bitcoin is the right decision. By investing the amount of high fees is low and there is no fear of loss. Never expect double money in gambling but long time investment in bitcoin doubles the amount. Other alternative ways to use bitcoin should be found other than gambling.

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April 23, 2024, 07:45:06 AM
 #118

It is a tricky situation with bitcoin usage for gambling. A lot of people claim that they prefer to bitcoin and wait for a higher price to sell it. And parallel those people complain about high transaction fees. Dont you find it silly when people complain about things they barely plan to use? Moreover, bitcoin has turned into an asses that makes people rich, but not an asses that is used daily for purchases. I think that people are a little bit not honest with us when they complain about transaction fees, because they dont use bitcoin in general.

R


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April 23, 2024, 07:50:28 AM
 #119

Bitcoin is not the only cryptocurrency that is been accepted by casinos, so in situations like this when the fee is high, altcoins becomes the only option for one to use in gambling. With the current value of bitcoin, it will be dumb to use bitcoin in gambling when you are transferring from your wallet. But if you have it in your casino account no problem. I use litecoin currently for whatever service that I need online.

R


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April 23, 2024, 09:12:03 AM
 #120

They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.
Tron is a pretty efficient option at the moment, but for some reason maybe people will deposit using ERC20 because their funds may be on the ERC20 network.

The more payment options it will be easier to get into gambling, this makes anyone able to play according to the option they choose.

The Bitcoin network is now congested due to a surge in transactions, but it will be stable and will also be used later.
I have also used Bitcoin several times to make deposits and withdrawals.
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April 23, 2024, 12:06:38 PM
 #121

Bitcoin is not the only cryptocurrency that is been accepted by casinos, so in situations like this when the fee is high, altcoins becomes the only option for one to use in gambling. With the current value of bitcoin, it will be dumb to use bitcoin in gambling when you are transferring from your wallet. But if you have it in your casino account no problem. I use litecoin currently for whatever service that I need online.
Yes, it's right. We can use altcoins that we can sends into our gambling account so we can starts playing gambling as usual. Maybe it's looks different but that will not be a problem. At least, that's something that some gambling can do while they are waiting for the transaction fees decrease. And now, the transaction fees decrease slowly and hopefully, the transaction fees will be back normal soon. Using altcoins is an options for many crypto gamblers among this situation so they can still playing gambling without thinks about the current situations. If some gamblers can do this, they are a wise gamblers that knows how to deals with the current situations. But if you thinks that you don't wants to spends your altcoins too, you don't have to playing gambling instead just holds your crypto in your wallets.

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April 23, 2024, 12:15:34 PM
 #122

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 there must be some casino sites that accept lightning payments.

There are exchanges and services that accept it so casinos should probably be doing the same I think.

Otherwise they would be not making money from people that are conscious of the fees.

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April 23, 2024, 12:33:19 PM
 #123

At one point, the cost of transactions reached $127. This is of course a lot. Now the commissions have decreased, but I'm not sure that this will last long. The reason is called the Runes Protocol project. In addition, there were many people who wanted to make a transaction that would fall into the anniversary block 840,000. Of course this is crazy. What good does it do if your transaction is included in the anniversary halving block? Perhaps someone will boast about it to their friends. I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.
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April 23, 2024, 12:39:39 PM
 #124

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?
Those who are deeply addicted to gambling will not care about such transaction fees. And even those who use other coins for gambling will not stop their gambling during such high transaction fees of Bitcoin. But those who will stop gambling now are those who only gamble with Bitcoin and keep themselves in control and gamble only for fun and spend very little amount of money there.  After the Bitcoin Halving, Bitcoin transaction fees have increased drastically which will have a huge impact on smaller transactions.


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April 23, 2024, 01:25:26 PM
 #125

Current fees are just unbearable. If you deposit some satoshis to play at a casino today, you are actually going to gamble to pay for the transaction's costs, and not exactly to enjoy some profit for yourself... Better to wait for the market to settle down and adapt itself to the halving which just happened. These expensive prices must be temporary, being reverted soon, like it has always happened in Bitcoin's ecossystem. Since the market is full of hype and expectations right now due to the halving, some 'peculiar' setbacks like that should be expected.

 They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.
The complains are much and this is really getting serious by the day, i think a lot of individuals would begin to switch from gambling platforms qthat accept crypto currency to those who only accept fiat, no one knows how long it would take for the high fees to be adjusted and a lot of individuals without patient would be forced to switch, especially those punters who use their good gambling skills to attract followers to themselves.

 Well everything that has an advantage also got a disadvantage and this is one of the disadvantage that comes with gambling with crypto currency. Well every disappointment they say could be a blessing in disguise and this could help potential gambling addicts who only gamble with crypto currency and can't afford the transaction fees to pause for a while. But it would be so sad when you're seriously in need of funds but can't cash out your winnings due to high transaction fees.

R


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April 23, 2024, 01:40:30 PM
 #126

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?
This kind of situation has happened several times, maybe if we talk about Bitcoin transaction fees, it is not only on online crypto casino sites that it becomes a problem, almost the average payment/deposit becomes a burden for Bitcoin users.

However, even though Bitcoin fees are high, for me at this time it is not an obstacle in gambling, that is the advantage of crypto casinos, we still have alternative types of coins that can be deposited, such as USDT, LTC, TRON, Doge and many others, of course this type of crypto with costs that are still relatively cheap and affordable.

But if you don't want to use other types of coins in gambling, just use Bitcoin. Of course there is no choice for you other than to stop gambling or bear the risk of high costs, should we be hinted at using Bitcoin in gambling by casinos, I don't think so.

R


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April 23, 2024, 01:52:49 PM
 #127

At one point, the cost of transactions reached $127. This is of course a lot. Now the commissions have decreased, but I'm not sure that this will last long. The reason is called the Runes Protocol project. In addition, there were many people who wanted to make a transaction that would fall into the anniversary block 840,000. Of course this is crazy. What good does it do if your transaction is included in the anniversary halving block? Perhaps someone will boast about it to their friends. I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.
I have seen $170ish or i have just missed out but its those numbers that we havent been able to see on the entire Bitcoin fee history on which this is something that wont really be that good on making up some transactions but for those people who do have tons of money then these fee issues wont really be that much of a concern. It is really just that people who are just average bitcoin investors or transferers are the ones who would really be that mainly be affected with this one. I thought that it would really be just that lasting for a coupel of days but it seems that im wrong. Now the fees are starting to climb up again
which it does have that average fee amount of $20-26 which i could say that it is really that too much.

For me i do have a couple of pending transactions due to set low fees on which i dont have any choice but to wait up for the entire network to subside.

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April 23, 2024, 02:38:58 PM
 #128

I recently read in the news that blocks in the system are growing again, which means that these incredibly huge bitcoin commissions are waiting for us again soon. And this is bad for any gambler. Recently, I made a deposit in bitcoin on CoinRoyale in the amount of 0.005 bts in order to use the bonus promo code for a free bet of 0.01 bts. And then I won and I had to pay the withdrawal fee again.  And it was possible to withdraw only in bitcoin. As a result, it turned out that I almost didn't win anything - that's how much I had to pay for commissions. I do not understand why each gambling site does not have a withdrawal in different cryptocurrencies. Such as TRON or LTC.

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April 23, 2024, 02:59:57 PM
 #129

I recently read in the news that blocks in the system are growing again, which means that these incredibly huge bitcoin commissions are waiting for us again soon. And this is bad for any gambler. Recently, I made a deposit in bitcoin on CoinRoyale in the amount of 0.005 bts in order to use the bonus promo code for a free bet of 0.01 bts. And then I won and I had to pay the withdrawal fee again.  And it was possible to withdraw only in bitcoin. As a result, it turned out that I almost didn't win anything - that's how much I had to pay for commissions. I do not understand why each gambling site does not have a withdrawal in different cryptocurrencies. Such as TRON or LTC.
To be sincere Bitcoin isn't really the best for withdrawal especially in times like this.
Most casinos now fo give their customers options in method of withdrawal either Bitcoin, LTC or even Tron.
The fee fell to around $8 for moderate 2 days ago  and has picking up again.
The halving day should be one of the best for some miners especially those that were able to confirm a transaction.
Sadly Runes are already been listed in exchanges like gate so fee might pick up for sometime.


 Well everything that has an advantage also got a disadvantage and this is one of the disadvantage that comes with gambling with crypto currency. Well every disappointment they say could be a blessing in disguise and this could help potential gambling addicts who only gamble with crypto currency and can't afford the transaction fees to pause for a while. But it would be so sad when you're seriously in need of funds but can't cash out your winnings due to high transaction fees.
It becomes a true disadvantage if Btc is the only option
There are lots of casinos that accept other cryptocurrency at part from Bitcoin
So in cases like that all that's got to be done is using another deposit /withdrawal method
Not to accumulate expenses.

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April 23, 2024, 04:15:56 PM
 #130

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?
Since the transaction fee of bitcoin is very high, for me I think this is not the right time to play gamble with bitcoin.  Just imagine you are planning to play bitcoin with the high fee and you still end up losing your game at the end. Playing with the high transaction fee and also not winning is a big lose. When the high fee is added to the amount you want to use in playing gambling,  I don't think it is the amount you can afford to lose, as the fee high for transactions it is better to just wait till the fee amount reduces.  

For me I don't think this is the right time to play gambling with bitcoin especially for those that are hodling and are aiming to make profit from their hiding exercise.  Apart from the high transactions fee, the delay at which to recieve bitcoin is not encouraging to wait just to play gamble.  Right now it is not about the high transactions fee but also the delay of transaction.
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April 23, 2024, 04:38:32 PM
 #131

For me I don't think this is the right time to play gambling with bitcoin especially for those that are hodling and are aiming to make profit from their hiding exercise.  Apart from the high transactions fee, the delay at which to recieve bitcoin is not encouraging to wait just to play gamble.  Right now it is not about the high transactions fee but also the delay of transaction.

If you are holding Bitcoin for the long term, you should not gamble with that money no matter the Bitcoin transaction fee is high or low. Gambling is risky and if you gamble your long term holding in bitcoin, there is a risk that you may lose your money.

Now coming to the high tx fee, another thing which I noted is that the gambling sites have increased the withdrawal fees too. So these days not only you will have to pay more fee for depositing bitcoin to the gambling sites, you will also have to pay a higher fee (depends from site to site) for the withdrawal.

Many people will use altcoins as they are cheaper and faster. Anyways, if someone is rich enough, he can afford these high fees, and continue to gamble with BitcoinBTC only.  Smiley

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April 23, 2024, 04:40:59 PM
 #132

I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.

This is great insight. I think that's where true value of bitcoin lies with. And with OP point of view, it's a good thing that he shared it because in online gambling it's not all about the game, the spins, and wins and losses. It's also how you manage your money and exposure. Along with that is the transaction cost. Because if you are unaware of this, you may see yourself winning in many games yet you can't withdraw any because you are losing in terms of transaction cost.

Bitcoin fees are high and low but I would never bet with bitcoin for gambling. Because there is always high risk. Investing instead of betting bitcoin is the right decision. By investing the amount of high fees is low and there is no fear of loss. Never expect double money in gambling but long time investment in bitcoin doubles the amount. Other alternative ways to use bitcoin should be found other than gambling.
Well it's just personal preference. In BTC's case it's slowly becoming an acceptable asset not just paper ponzi like how investors call it before.

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April 23, 2024, 09:56:11 PM
 #133

They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.
Tron is a pretty efficient option at the moment, but for some reason maybe people will deposit using ERC20 because their funds may be on the ERC20 network.

The more payment options it will be easier to get into gambling, this makes anyone able to play according to the option they choose.

The Bitcoin network is now congested due to a surge in transactions, but it will be stable and will also be used later.
I have also used Bitcoin several times to make deposits and withdrawals.
I agree.

While the Bitcoin network is too much trafficked and spammed, those that would like to gamble really have to do something. Do use some altcoins at the moment.

Whether you're a bitcoin maxi, it won't work this time when you're a gambler. TRC20 or the other options like Dogecoin, LTC and others that have cheap fees too are fine to use.



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April 23, 2024, 11:09:31 PM
 #134

Yeah this is the issue with crypto gambling in times of high fees.  That's when using side coins like doge or litecoin to move crypto around.  It's good when books or casinos off multiple coins to bring into theor platform.  Most people think in terms of fiat so whether it's litecoin or bitcoin it really doesn't matter.

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April 24, 2024, 02:31:57 AM
 #135

If you gamble using Bitcoin currency, the transaction costs are very expensive, even if we make a small profit, sometimes we can't cover the transaction costs, so it's the same as being rich in vain. Moreover, many casino sites offer not only gambling with Bitcoin but also Altcoin currencies. the transaction fees are not that high, this is the effect of the increase in Bitcoin after the halving so it is natural that the fees are getting more expensive but sooner or later transaction fees like this will return to normal if the market has returned to normal, the increase in Bitcoin transaction fees will not affect someone's desire to continue gambling. benefit.

Some of the payments in the campaign usually mostly use Bitcoin. Those who keep gambling definitely set aside some of their money to keep gambling. Maybe if they get a little profit they don't withdraw their money because with current expensive transaction fees, sometimes people think twice about withdrawing and will keep it in their wallet. I hope that bitcoin transaction costs will soon decrease because it is very difficult if we want to gamble but have to think about the transaction costs which are quite expensive.

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April 24, 2024, 12:48:45 PM
 #136

If you gamble using Bitcoin currency, the transaction costs are very expensive, even if we make a small profit, sometimes we can't cover the transaction costs, so it's the same as being rich in vain. Moreover, many casino sites offer not only gambling with Bitcoin but also Altcoin currencies. the transaction fees are not that high, this is the effect of the increase in Bitcoin after the halving so it is natural that the fees are getting more expensive but sooner or later transaction fees like this will return to normal if the market has returned to normal, the increase in Bitcoin transaction fees will not affect someone's desire to continue gambling. benefit.

Some of the payments in the campaign usually mostly use Bitcoin. Those who keep gambling definitely set aside some of their money to keep gambling. Maybe if they get a little profit they don't withdraw their money because with current expensive transaction fees, sometimes people think twice about withdrawing and will keep it in their wallet. I hope that bitcoin transaction costs will soon decrease because it is very difficult if we want to gamble but have to think about the transaction costs which are quite expensive.

You are missing out on the places that take lightning as deposit.

And there are quite a few of them these days.

The thing is that you don't really have to move bitcoin around on-chain when you can simply move sats off-chain using many of the available services.

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April 24, 2024, 02:17:11 PM
 #137

This is great insight. I think that's where true value of bitcoin lies with.
Just use LN if you don't want to convert to other alts. Spend some sats to open a channel and use that whenever the network is congested. Using wrapped Bitcoin is basically the same thing as using TRX to withdraw or send your money to the casino. Not to mention there's no guarantee you can recover your Bitcoin easily. It is not the true value of Bitcoin IMO, that's just how people try to earn as much money as possible by tricking users that their alts are the same as Bitcoin.

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April 24, 2024, 02:32:08 PM
 #138

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.

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April 24, 2024, 03:56:34 PM
 #139

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.

It's only a matter of time before the rates return to normal, but really because of the whole issue of runes and ordinals are causing this spam. But I think it should be back to normal soon, nothing to worry about, and it's always good to use other networks.

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April 24, 2024, 04:02:19 PM
 #140

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.

It's only a matter of time before the rates return to normal, but really because of the whole issue of runes and ordinals are causing this spam. But I think it should be back to normal soon, nothing to worry about, and it's always good to use other networks.

Currently it’s already around 6$ in able to transfer Bitcoin. But I’m skeptical whether this fee spike will be in short term only since many of the crazy rune collectors is aiming for blocks near the halving while the current fee is just a penny compared on what they are paying normally on Ethereum blockchain just to mint an NFT. Most of the whales that spamming rune are those whales from Ethereum.

They might keep doing this as long as there still s hype on this new protocol on Bitcoin. NFT becomes popular for a long time in Ethereum blockchain. I think this high fee will be a temporary norm now but not that high compared the fee during the halving.

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April 24, 2024, 04:41:41 PM
 #141

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.

It will be definitely more spikes in the future, as the market continues to fluctuates and traders take advantage of this post halving period. I believe most of the volume we saw (in which is now decreasing) had much to do with the community of ordinals trying to mint their tokens and NFTs within the halving block, now the block is mined and the halving as passed, it will be matter of time before the Mempool passes the congestion.
I estimate we will be able to push transactions for fees as low as 3 Satoshi/vbytes after two weeks. Unless something unexpected happens and for some reasons people start to mint a lot of shitcoins and NTFs within the main network again.

Anyways, a good gambler who does not wishes to halt their wagering because of fees, should have some of Litecoin, Dogecoin or any other alternative currency, just in case. It is not the best solution for those who are Bitcoin maximalists, but it is better than nothing, I guess.


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April 24, 2024, 06:31:05 PM
 #142

That might only be our range but what if we are addicted?
I think we wouldn't mind paying 50 dollar for the fee and still have a 50 dollar left for play.

For those gambler whose money is only 50 dollar and below, maybe they will choose lightning network for a while because you know that was still part of BTC and I saw that many casinos now started supporting lightning network.

Bitcoin price is still the same dump, so maybe that was true that the rise in its fees are caused by the halving and it can take a while for the fees to get sorted out. I know this is not the first time the BTC fees increase insanely this high and I am expecting these high fee trend may continue until bitcoin prices rises up to the level to compensate the miners for same amount of fees in satoshi.

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April 24, 2024, 08:13:59 PM
 #143

That might only be our range but what if we are addicted?
I think we wouldn't mind paying 50 dollar for the fee and still have a 50 dollar left for play.

For those gambler whose money is only 50 dollar and below, maybe they will choose lightning network for a while because you know that was still part of BTC and I saw that many casinos now started supporting lightning network.

Bitcoin price is still the same dump, so maybe that was true that the rise in its fees are caused by the halving and it can take a while for the fees to get sorted out. I know this is not the first time the BTC fees increase insanely this high and I am expecting these high fee trend may continue until bitcoin prices rises up to the level to compensate the miners for same amount of fees in satoshi.
For sure you would specially if you do have thousands of dollars then this fee wont really be stopping you to play on which $50 wont really be an amount that will be able to hinder you out but for those
who are really just that average gamblers which most people then 50 bucks is really something that they could really make use on your gambling activity. This is why not all people would really be that
accepting the current fees that we do have now which is really that too much. Now it is really sitting  7-20 bucks on which this is something that still high and we do know that this isnt something
that we are really getting used to and we do prefer on seeing those cheaper fees before that halving situation.

Is this something that could stop you on playing gambling? It would really be just that depending into someones capability or money they do have on which we know that there are
ones who could afford on paying up but mostly would really be skeptical on doing such because they do know that it is really just that too much for making up such transaction.

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April 24, 2024, 08:33:47 PM
 #144

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.

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April 24, 2024, 08:47:17 PM
 #145

That might only be our range but what if we are addicted?
I think we wouldn't mind paying 50 dollar for the fee and still have a 50 dollar left for play.

For those gambler whose money is only 50 dollar and below, maybe they will choose lightning network for a while because you know that was still part of BTC and I saw that many casinos now started supporting lightning network.

Bitcoin price is still the same dump, so maybe that was true that the rise in its fees are caused by the halving and it can take a while for the fees to get sorted out. I know this is not the first time the BTC fees increase insanely this high and I am expecting these high fee trend may continue until bitcoin prices rises up to the level to compensate the miners for same amount of fees in satoshi.

This is where the use of stable coins come in. The liquidity of stable coin is an added advantage to their network especially when Bitcoin mempool start getting congested. So if a gambler is addicted, he might want to use stable coin or any other coin that has higher liquidity than Bitcoin at this mempool congestion period. If a gambler is addicted he'll take the chances of risking even more fee to get very small Bitcoin deposit, because when they are not patient to make good decisions they will eventually end up getting broke if they have all their asset in Bitcoin. Most of those gambling games that accepts Bitcoin are usually slot games which is a bit difficult to make huge win, and addicted gamblers will experience more losses this period of mempool congestion.

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April 24, 2024, 10:00:47 PM
 #146

That might only be our range but what if we are addicted?
I think we wouldn't mind paying 50 dollar for the fee and still have a 50 dollar left for play.

For those gambler whose money is only 50 dollar and below, maybe they will choose lightning network for a while because you know that was still part of BTC and I saw that many casinos now started supporting lightning network.

Bitcoin price is still the same dump, so maybe that was true that the rise in its fees are caused by the halving and it can take a while for the fees to get sorted out. I know this is not the first time the BTC fees increase insanely this high and I am expecting these high fee trend may continue until bitcoin prices rises up to the level to compensate the miners for same amount of fees in satoshi.

This is where the use of stable coins come in. The liquidity of stable coin is an added advantage to their network especially when Bitcoin mempool start getting congested. So if a gambler is addicted, he might want to use stable coin or any other coin that has higher liquidity than Bitcoin at this mempool congestion period. If a gambler is addicted he'll take the chances of risking even more fee to get very small Bitcoin deposit, because when they are not patient to make good decisions they will eventually end up getting broke if they have all their asset in Bitcoin. Most of those gambling games that accepts Bitcoin are usually slot games which is a bit difficult to make huge win, and addicted gamblers will experience more losses this period of mempool congestion.

Yeah, I think this is where USDT enters, just like when we hedge our Bitcoin when the price is fluctuating, we can do it the same now when the mempool is clogged for whatever reasons. Although if you look at the fees right now, it is down more than 10x already from the highs that we have seen since the block halving. Currently, it's 45 sat/vB and we don't know if it's going to go up later or not.

But at least for us gamblers, as much as we love Bitcoin to be our main currency to gamble, it is wise to try and used other altcoins as well. Just be flexible and we will be good and then we can go back to Bitcoin if everything has settled down.

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April 24, 2024, 10:13:09 PM
 #147

This is where the use of stable coins come in. The liquidity of stable coin is an added advantage to their network especially when Bitcoin mempool start getting congested.
It's not of how stable the price of the coin it's when alts or tokens have lower fees compare to bitcoin when bitcoin fees surge. USDT in ERC20 fees is highly incomparable to TRC20 network, that's why most people uses this network instead. Or use alts like LTC, DOGE as most casino accept these cryptocurrency due to popularity and maybe because of cheaper txs fees.

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April 24, 2024, 10:36:46 PM
 #148

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?

Unless the amount of bitcoin to be released is a large amount and the fee that will be deducted from their released Bitcoin is just their coin. And of course, there is nothing we can do about it.
But of course, the majority of bitcoin holders do not perform a transaction first.

But this time, the fee has dropped a lot compared to yesterday; it seems like the priority fee is around 4-5 dollars, so probably a lot of people have bitten there for sure.



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April 24, 2024, 11:10:23 PM
 #149

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?
After the Bitcoin halving, Bitcoin transaction fees increased a lot, especially when it reached 2,000 satoshis per byte, where fees were over $200 per transaction. In this situation it is not at all possible to trade dollars in the gambling account. Gambling had to be stopped temporarily due to additional transaction fees.
But now the transaction fees have come down a lot and although the situation was temporarily worse after the halving, now there is no critical situation related to these fees so gambling bets are going on regularly.

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April 24, 2024, 11:36:06 PM
 #150

That might only be our range but what if we are addicted?
I think we wouldn't mind paying 50 dollar for the fee and still have a 50 dollar left for play.

For those gambler whose money is only 50 dollar and below, maybe they will choose lightning network for a while because you know that was still part of BTC and I saw that many casinos now started supporting lightning network.

Bitcoin price is still the same dump, so maybe that was true that the rise in its fees are caused by the halving and it can take a while for the fees to get sorted out. I know this is not the first time the BTC fees increase insanely this high and I am expecting these high fee trend may continue until bitcoin prices rises up to the level to compensate the miners for same amount of fees in satoshi.

This is where the use of stable coins come in. The liquidity of stable coin is an added advantage to their network especially when Bitcoin mempool start getting congested. So if a gambler is addicted, he might want to use stable coin or any other coin that has higher liquidity than Bitcoin at this mempool congestion period. If a gambler is addicted he'll take the chances of risking even more fee to get very small Bitcoin deposit, because when they are not patient to make good decisions they will eventually end up getting broke if they have all their asset in Bitcoin. Most of those gambling games that accepts Bitcoin are usually slot games which is a bit difficult to make huge win, and addicted gamblers will experience more losses this period of mempool congestion.

Yeah, I think this is where USDT enters, just like when we hedge our Bitcoin when the price is fluctuating, we can do it the same now when the mempool is clogged for whatever reasons. Although if you look at the fees right now, it is down more than 10x already from the highs that we have seen since the block halving. Currently, it's 45 sat/vB and we don't know if it's going to go up later or not.

But at least for us gamblers, as much as we love Bitcoin to be our main currency to gamble, it is wise to try and used other altcoins as well. Just be flexible and we will be good and then we can go back to Bitcoin if everything has settled down.
Not just USDT. Using another altcoin is necessary here. Especially those whose transaction fees are very low this period, but it must be one that the gambling platform recognizes. Meanwhile the mempool congestion has reduce a little and some transactions has been executed, so there is no need for panic or switching if cryptocurrency in making payment, we can now use bitcoin for gambling in platforms now as the fees is now affordable. Currently it is now 4.5mb/byte

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April 24, 2024, 11:43:41 PM
 #151

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.
Yes this happens due to a big traffic of transactions that makes a market congested in the process. However, this won’t be any longer and we will eventually see fees going down, and right now the price is quite reasonable again. But most likely for an addicted gambler, this may frustrate them but they’ll still find a way to gamble just to satisfy their urge in gambling. Only to find out they only lose in the end, and paying those high fees is already a loss itself. But what do you expect from a highly addicted one, of course they will never mind all those fees as long as they can continue to bet for more. Not actually a problem for big time gamblers, but for small gamblers, I guess this will really drive them crazy.

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April 25, 2024, 08:41:01 AM
 #152

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.


Yes this happens due to a big traffic of transactions that makes a market congested in the process. However, this won’t be any longer and we will eventually see fees going down, and right now the price is quite reasonable again.


It's because of Runes that started on April 20 - the day of the halving. But fees/congestion are actually not very bad today at 45sats/vB. It was Ordinals inscriptions that truly congested the network for two months. That was worse,

Quote

But most likely for an addicted gambler, this may frustrate them but they’ll still find a way to gamble just to satisfy their urge in gambling. Only to find out they only lose in the end, and paying those high fees is already a loss itself. But what do you expect from a highly addicted one, of course they will never mind all those fees as long as they can continue to bet for more. Not actually a problem for big time gamblers, but for small gamblers, I guess this will really drive them crazy.


If they are willing to pay the high fees, they should do some gambling/shitcoining in Runes. I believe, currently, everyone might have a higher probability of taking some profit in Rune-shitcoining if they buy and hold for three months, than actual casino gambling.

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April 25, 2024, 12:18:19 PM
 #153

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.
High Bitcoin prices make gambling less attractive for many gamblers because in the past I could easily buy 0.002 Bitcoin for one dollar and could have lots of fun, starting with 0.00000001 and going up. Now with 1 dollar, I can only buy 0.00001600 BTC and my fun ends up very quickly. I don't gamble with 1 dollar but you got the point. High transaction fees already drain the budget before we even make a deposit. I prefer to stick with websites that let me to gamble with 0.00000001 bets in altcoins instead of Bitcoins.

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.
Mempool was full of ordinals transactions. Visit mempool.space and click on data and check any block you wish. Halving and the following blocks were absolutely full of ordinals, almost no one was using Bitcoin for other purposes.

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April 25, 2024, 01:02:55 PM
 #154

I see that the fees have dropped below 100 sats/vByte, which is a relief but affects those depositing low amounts, such as between $10 and $50. But I think if we wait a little longer they will become even more reasonable, although I would not rule out more spikes in the future.
High Bitcoin prices make gambling less attractive for many gamblers because in the past I could easily buy 0.002 Bitcoin for one dollar and could have lots of fun, starting with 0.00000001 and going up. Now with 1 dollar, I can only buy 0.00001600 BTC and my fun ends up very quickly. I don't gamble with 1 dollar but you got the point. High transaction fees already drain the budget before we even make a deposit. I prefer to stick with websites that let me to gamble with 0.00000001 bets in altcoins instead of Bitcoins.

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.
Mempool was full of ordinals transactions. Visit mempool.space and click on data and check any block you wish. Halving and the following blocks were absolutely full of ordinals, almost no one was using Bitcoin for other purposes.

That's why the bitcoin fee has increased in recent days because of the inscription or the rune, and most bitcoin holders know that, right? And many people just waited instead of making a transaction because of the high fee, which almost reached $300.

Who are the bitcoin holders who will agree to the $300-$100 fee at the peak of the halving in the past few days? but now it looks like it's going back to the normal fee. As far as I know, this morning it's only $4. I don't know now at mempool.space.



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April 25, 2024, 01:14:00 PM
 #155

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?
there are so small  chance that the fee will reduce anytime soon because it has been running now for almost a week now and yeah i even stopped withdrawing or transacting into the bitcoin network.
and indeed that I don't wanted to gamble nowadays as my reserved altcoins to gamble have been loss yesterday lol.

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April 26, 2024, 05:40:58 AM
 #156

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?

there are so small  chance that the fee will reduce anytime soon because it has been running now for almost a week now and yeah i even stopped withdrawing or transacting into the bitcoin network.

and indeed that I don't wanted to gamble nowadays as my reserved altcoins to gamble have been loss yesterday lol.


But the fees has already reduced. It's currently at 40sats/vB - 45sats/vB. That's low enough for many users. Plus I believe we had that level of fees before Runes was released during Block 840,000 - the halving block. Make your transactions now before it surges up again. Cool

Did the fast normalization of on-chain fees after Runes' launch indicate that it's not as successful as Ordinals? Ordinals made the fees surge high for two months.

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April 26, 2024, 12:57:08 PM
 #157

But the fees has already reduced. It's currently at 40sats/vB - 45sats/vB. That's low enough for many users. Plus I believe we had that level of fees before Runes was released during Block 840,000 - the halving block. Make your transactions now before it surges up again. Cool

Did the fast normalization of on-chain fees after Runes' launch indicate that it's not as successful as Ordinals? Ordinals made the fees surge high for two months.
Yep, it was around that, few weeks before halving the fees was only less than $1 like 7-9 sat/vbyte.

We still don't know how fast they will develop and launch new "variation" because it was start from inscriptions to ordinals and then runes just in one year.

But yeah, @OP should gamble today since the fees is no longer that high.  Cheesy

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April 26, 2024, 01:04:56 PM
 #158

But the fees has already reduced. It's currently at 40sats/vB - 45sats/vB. That's low enough for many users. Plus I believe we had that level of fees before Runes was released during Block 840,000 - the halving block. Make your transactions now before it surges up again. Cool


The fee is currently at 2$ (31sat/vB). I notice that the fee usually go low on this level at night on my time zone for a consecutive days already. Probably there’s only few user inscribing on the blocks during this time slowly surge up again in the morning.

Quote
Did the fast normalization of on-chain fees after Runes' launch indicate that it's not as successful as Ordinals? Ordinals made the fees surge high for two months.

I think Rune is worst since the price of Bitcoin is already high while the value of fee in sat is the same. I remember I can still send some transactions back then since the fee is just around 5$ to 10$ range during the ordinals which is bearable compared to the current fee on Rune which is insanely high.

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April 26, 2024, 01:11:06 PM
 #159

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April 26, 2024, 03:21:56 PM
 #160

Out of curiosity, with most casino's and sportsbooks offering the option of depositing funds besides Bitcoin, do punters/gamblers opt to use BTC over other Altcoins which offer the benefit of faster block confirmation and cheaper fees.. because with Bitcoin to enjoy an expedited service means users paying more in transaction fees which automatically makes it a less likely coin to use if you ask me..and not only because of the halving but fees tend to be on the higher side sometimes...

Exactly, this is why it is so important to have a diversified portfolio for moments like this. You could get stuck on someone else's behalf and end up not betting. So, it's always good to have an altcoin with a fast transaction blockchain to bet on. Otherwise you will miss out on a lot of gaming opportunities.

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April 26, 2024, 05:32:29 PM
 #161

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.

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EarnOnVictor
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April 26, 2024, 06:09:31 PM
 #162

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.

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April 27, 2024, 03:47:34 PM
 #163

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.

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April 27, 2024, 04:25:05 PM
 #164

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

R


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Awaklara
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April 27, 2024, 04:33:59 PM
 #165

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.

.
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AbuBhakar
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April 27, 2024, 04:50:18 PM
 #166

-
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.

.
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April 27, 2024, 07:55:13 PM
 #167

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.

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April 27, 2024, 09:29:46 PM
 #168

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.


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April 28, 2024, 06:00:52 AM
 #169

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.

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April 28, 2024, 07:56:37 AM
 #170

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.

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April 28, 2024, 08:18:14 AM
 #171

Most times there are people who do fund their account for advance purpose maybe when they win in their bets they keeps some fund back to the account, especially now that bitcoin gas price has really surge. Although you can also use another alternatives to gamble such as using altcoin to make deposit after which the gas fee reduces then you can start using your bitcoin to deposit then gamble.
There is no way someone would pay $20-50$ fee to deposit $10 worth of bitcoin, then how much are they gonna make from there knowing too well that gambling is a game of luck and not a game of certainty whereby you could decides to bear the risk and make deposit after which you can cover up your expenses along the line.

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April 28, 2024, 09:31:49 AM
 #172

But the fees has already reduced. It's currently at 40sats/vB - 45sats/vB. That's low enough for many users. Plus I believe we had that level of fees before Runes was released during Block 840,000 - the halving block. Make your transactions now before it surges up again. Cool


The fee is currently at 2$ (31sat/vB). I notice that the fee usually go low on this level at night on my time zone for a consecutive days already. Probably there’s only few user inscribing on the blocks during this time slowly surge up again in the morning.

Quote
Did the fast normalization of on-chain fees after Runes' launch indicate that it's not as successful as Ordinals? Ordinals made the fees surge high for two months.

I think Rune is worst since the price of Bitcoin is already high while the value of fee in sat is the same. I remember I can still send some transactions back then since the fee is just around 5$ to 10$ range during the ordinals which is bearable compared to the current fee on Rune which is insanely high.


How many transactions? I would definitely consider that mere luck. I had 45 sats/vB - 55 sats/vB transactions during the Ordinals "spam" and waited for more than two weeks before they got confirmed in the blockchain.

Ordinals was simply more popular with speculators and collectors because it was unexpected/surprised everyone. Runes was expected, and Ordinals users simply didn't care for the upgrade. BUT wait when the four-character ticker names and less become available.

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April 28, 2024, 09:57:03 AM
 #173

....

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.

gamblers should learn from the case some time ago where bitcoin fees increased unreasonably due to traffic congestion on the network. it is indeed better to gamble with bitcoin, but casinos also provide altcoins which can be used by gamblers for their gambling, so that gamblers can continue gambling regardless of whether the bitcoin network is congested or not. and gamblers shouldn't have too much of a problem with this, because it's just a matter of habit.

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April 28, 2024, 10:33:39 AM
 #174

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.
An added advantage of having a physical casino neat where you live and accepts fiat money as well is never a bad thing. While the fees have come down they are still a bit on the higher side and such surges are happening often due to many reasons Ordinals and Runes included. For serious gamblers, one method could be topping up your account once a month when fees are low and then playing on that without any further deposits, confirming both bankroll management and fixing the gambling budget without the headache of upcoming fees surge.

Another option is to use altcoins, but if you have not converted them to altcoin already then you might not want to do that during a fee surge.

R


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April 28, 2024, 12:32:30 PM
 #175

On the other hand, since most people here earn their satoshis directly to their casinos' accounts through the signature campaigns they work for, transactions' expensive costs aren't an issue, so they are free to gamble today despite the current scenario faced by Bitcoin market. They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.

This is reasonable because as the Bitcoin price is gets higher, of course transaction cost gets higher too. And its just right that its an advantage that you can too directly play the earned satoshis to selected gambling sites. However true, there's really a big change truly after the bitcoin halving. Just like how temperature higher, transaction fees gets higher too.

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April 28, 2024, 01:28:42 PM
 #176

On the other hand, since most people here earn their satoshis directly to their casinos' accounts through the signature campaigns they work for, transactions' expensive costs aren't an issue, so they are free to gamble today despite the current scenario faced by Bitcoin market. They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.

This is reasonable because as the Bitcoin price is gets higher, of course transaction cost gets higher too. And its just right that its an advantage that you can too directly play the earned satoshis to selected gambling sites. However true, there's really a big change truly after the bitcoin halving. Just like how temperature higher, transaction fees gets higher too.

I think there are only few people who gets paid through their crypto casino account, I only know few campaigns as most of them paid directly to the users bitcoin address. However, I think it's not too relevant now because bitcoin transaction fees are back to its normal, at least we can transact now with $2 or below, unlike in the past few days where it's really high that it's almost impossible for us to take our money out from our wallet.

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April 28, 2024, 01:46:55 PM
 #177

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.
If it's some casino, they can allow you to swap your bitcoin, which you have on their platform, for any other altcoin, like LTC, TRX, or anyone else that is accepted, and withdraw it to your wallet in order for you to be on the safer side when it comes to fees, but due to security and to reduce the use of the casino for illega activities and money laundering, most times the casino only allows the withdrawal to be from any deposit method they use in funding their account.

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April 28, 2024, 08:26:00 PM
 #178

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.
I would say that just adding other coins would be enough, it allows the casino to use some smaller fee coin or token. For example USDT is a great example at this, it has so many chains that you can use it on which means that we are going to end up with a lot of people who will prefer that instead. I am not saying that bitcoin will always be gone, there will be times when the fee will become cheaper, we just need to realize that we are going to end up with some trouble sooner or later.

I believe that the best way to go with this would be just temporarily find another cheap fee coin that people can use. There are so many blockchains like SOL and Tron and many others which are cheap but some casinos do not add those in and they should probably try to add that in.

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April 30, 2024, 06:08:53 PM
 #179

Most times there are people who do fund their account for advance purpose maybe when they win in their bets they keeps some fund back to the account, especially now that bitcoin gas price has really surge. Although you can also use another alternatives to gamble such as using altcoin to make deposit after which the gas fee reduces then you can start using your bitcoin to deposit then gamble.
There is no way someone would pay $20-50$ fee to deposit $10 worth of bitcoin, then how much are they gonna make from there knowing too well that gambling is a game of luck and not a game of certainty whereby you could decides to bear the risk and make deposit after which you can cover up your expenses along the line.
In my opinion, people should use altcoins even in times when Bitcoin transaction fees are normal only for convenience because they would always charge less fee when compared to Bitcoin and it sometimes is easier to keep a count of the funds if you are using a stable coin for your gambling activities. When you deposit and gamble with Bitcoin, you will only know the amount of Bitcoin that you have deposited or have left in your account, you wouldn't even know how much money in dollars you are betting if you are using Bitcoin for it.

Compared to that, if you are using a stable coin such as USDT or USDC, it would be easier for you to calculate everything because you will already be seeing the dollar value of your balance and the bets you are making, it makes it easier for you to understand everything or keep a count if you want to.

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April 30, 2024, 06:37:23 PM
 #180

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.
I would say that just adding other coins would be enough, it allows the casino to use some smaller fee coin or token. For example USDT is a great example at this, it has so many chains that you can use it on which means that we are going to end up with a lot of people who will prefer that instead. I am not saying that bitcoin will always be gone, there will be times when the fee will become cheaper, we just need to realize that we are going to end up with some trouble sooner or later.

I believe that the best way to go with this would be just temporarily find another cheap fee coin that people can use. There are so many blockchains like SOL and Tron and many others which are cheap but some casinos do not add those in and they should probably try to add that in.
For us gamblers or players who do really that mind about on having that much cheaper way on trying to save up fees then we would really be definitely be looking for whats the best which is available but we know
that there would really be those players or people who doesnt really care about on the fee since they could really be able to pay them up without any issues even if it means that $10-50 or more but for us
people who arent that whales or simpyl just that average gamblers then we would really be definitely be finding any possible method. Now that the fee is starting to pike up again then it do really sucks up with this kind of condition but we do know that not all would really be that worried about into such condition because they could be able to afford it out. Its true that most gambling sites nowadays does have that kind of
feature or options on which you could really be making use of specially on times or conditions like these.

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May 01, 2024, 08:38:24 AM
 #181

~snip~
In my opinion, people should use altcoins even in times when Bitcoin transaction fees are normal only for convenience because they would always charge less fee when compared to Bitcoin and it sometimes is easier to keep a count of the funds if you are using a stable coin for your gambling activities. When you deposit and gamble with Bitcoin, you will only know the amount of Bitcoin that you have deposited or have left in your account, you wouldn't even know how much money in dollars you are betting if you are using Bitcoin for it.

Compared to that, if you are using a stable coin such as USDT or USDC, it would be easier for you to calculate everything because you will already be seeing the dollar value of your balance and the bets you are making, it makes it easier for you to understand everything or keep a count if you want to.

Alts are just a casino gamble really.

In the end most people will probably end up wealthier if they just simply keep Bitcoin instead of playing around with alts.

But the thing is that it's "boring" to simply stack more Bitcoin.

The typical illusion of gamblers is to buy an alt when it's low, and sell it when it's 1000X.

Only problem is that it's almost always not going to be like that, and they will end up losing 99% of their funds with those alts.

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May 01, 2024, 09:54:10 AM
 #182

In my opinion, people should use altcoins even in times when Bitcoin transaction fees are normal only for convenience because they would always charge less fee when compared to Bitcoin and it sometimes is easier to keep a count of the funds if you are using a stable coin for your gambling activities. When you deposit and gamble with Bitcoin, you will only know the amount of Bitcoin that you have deposited or have left in your account, you wouldn't even know how much money in dollars you are betting if you are using Bitcoin for it.

Compared to that, if you are using a stable coin such as USDT or USDC, it would be easier for you to calculate everything because you will already be seeing the dollar value of your balance and the bets you are making, it makes it easier for you to understand everything or keep a count if you want to.
Bitcoin for gambling has one cool feature and it's volatility. You might deposit $1000 worth of Bitcoins, maybe lose $200 but you wake up and next day you still have $1000 worth coins thanks to price increase. The opposite can happen too but let's hope for the best Cheesy Many people count in Bitcoins instead of dollar value, so it's still a good way to gamble for them.
By the way, when you gamble with USDT or USDC, can you bet as low as 0.00000001 BTC? I mean, 0.00057 USDC for example?

I personally suggest every casino to implement built-in crypto exchange that will help customers to exchange altcoins to alt/BTC and opposite with reasonable rate. This will help customers to deposit in altcoins, gamble in Bitcoin and then withdraw in altcoins to finally get their money without paying ridiculous transaction fees.

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May 01, 2024, 02:55:25 PM
 #183

I personally suggest every casino to implement built-in crypto exchange that will help customers to exchange altcoins to alt/BTC and opposite with reasonable rate. This will help customers to deposit in altcoins, gamble in Bitcoin and then withdraw in altcoins to finally get their money without paying ridiculous transaction fees.
I think that requires a lot of work since you're basically functioning as an exchange at that point. They will require another license depending on where they're registered, and I'm sure the cost to get one is probably not worth it. It adds another layer of security issues that have been proven to be difficult to solve by bigger companies. Asking for more convenience is a bit much IMO, considering how many alternatives the user can do to find lower cost. On the other hand, I do agree that adding something like Lightning Network is an acceptable request.

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May 01, 2024, 03:07:18 PM
 #184

I think that is no longer the case as the crypto has experienced a big dip during today and the fastest fee from the website "bitcoinfees.net" shows like 1.53 dollars to confirm in 20 minute so compared to that 120 dollars when it was when this thread started here I think we have come down quite a lot.As for alts they have really fast confirmations even during time when there is big congestion in the Bitcoin network,so for our needs we can use them in such time and still have access to all our websites that we use in crypto.

I think the stablecoins like USDT are a great choice in such events as long as you happen to have little ETH in your wallet to make transactions happen.

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May 01, 2024, 03:23:44 PM
 #185

I think that is no longer the case as the crypto has experienced a big dip during today and the fastest fee from the website "bitcoinfees.net" shows like 1.53 dollars to confirm in 20 minute so compared to that 120 dollars when it was when this thread started here I think we have come down quite a lot.
Yes, as people here have been saying since those news about expensive Bitcoin fees started going on, that scenario wouldn't last for a long time. Now we can see it indeed didn't last for too long, and now the fees are already pretty cheap back to the normal we have been used to. That is why people shouldn't despair for sudden FUD news which catch us by surprise. Another example is the current situation of crypto market, where prices aren't rising anymore.

It's another temporary issue, so people should just wait until things calm down once again. It's necessary to be patient and remain confident that issues may appear on the middle of the way, although their impact has only negative effects on short term, while the reward must be abundant for those who wait on the long term.

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May 01, 2024, 03:57:08 PM
 #186

The solution is simple, when there is a change in events, people should get smarter and companies should rise to the challenge by creating other means of depositing like USDT, ETH for now if its non existent until the transaction fees  goes down so they don't lose loyal clients in the high transaction fees saga.

Gamblers would patronize casinos that accept deposits from other crypto currencies more that this that accept only bitcoin. Its not economically sound that someone deposits $100 into the casino and pays $50 as transaction fees. Its more like intentionally losing money and myself wouldn't subscribe to such. There are alternatives and I think they should be considered for now until the pressure calms down.

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May 01, 2024, 04:26:26 PM
 #187

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?
Even though the transaction fee looks very high, there are still gamblers that are ready to pay such a high fee just to make sure they keep gambling. We can as well convert the fund into other coins for us to gamble or better still convert to stable coin. Does it mean that the price of Bitcoin could stop us from gambling? There are still gamblers that would be ready to pay any fee for them to keep gambling especially when they know that the transaction fee is not going to affect them making more profits from gambling. Gambling is fun when we always get results from our gambling activities.

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May 01, 2024, 04:44:01 PM
 #188

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?
Lol, bitcoin fees few hours after the halving was completed successfully was a crazy one, and i think it lasted for several days before it started droping, according to data from mempool.space which I was monitoring myself, the fee went as high as over 1500 sats per vbyte, which is considers as one of the highest(if not actually the highest) in the entire history of bitcoin, those who use bitcoin as an only means of deposit and withdrawals to and from online casinos possibly must have paused gambling for a day or more, or have no choice but look for alternatives with better fees.

Looking at mempool.space today, I am happy seeing that the fees have significantly reduced, the Sats per vbyte have been relatively stable around 25 and 30 for a few days now, and if everything be well, and ordinals and inscriptions don't kick in again, the fee should be down even further in the coming days and weeks..

By the way, it's important for us all to know that we are in a dynamic market, one should always have alternative means of doing anything and everything in this industry, just incase one way stops working, you are not cut out of your favorite activities.

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May 01, 2024, 05:59:14 PM
 #189

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?
Even though the transaction fee looks very high, there are still gamblers that are ready to pay such a high fee just to make sure they keep gambling. We can as well convert the fund into other coins for us to gamble or better still convert to stable coin. Does it mean that the price of Bitcoin could stop us from gambling? There are still gamblers that would be ready to pay any fee for them to keep gambling especially when they know that the transaction fee is not going to affect them making more profits from gambling. Gambling is fun when we always get results from our gambling activities.
If you are a whale player or gambler then pretty sure there's nothing that could stop you on playing gambling on which it wont matter whether you would really be spending 10 or 20 bucks for fee
or more because that would really be that only a dust amount on the money that you are owning but of course we do know that not all would really be that a whale or something a rich person who dont really  care about the fees on which most of us are really that average gamblers or players that even with the slightest change of fees would really be giving out that kind of hesitance for you to play up.

Now that the fees had been normalized then this is where people would really be that rejoicing with the current condition on which we do really that much prefer on this way rather than on seeing those high fees which it would really be hindering us for us to play with our favorite gambling games due to this condition but well there are really times or moments that something like this.
It would really be needing up that kind of patience.


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May 01, 2024, 09:10:59 PM
 #190


I would say that just adding other coins would be enough, it allows the casino to use some smaller fee coin or token. For example USDT is a great example at this,

Well, the things when Trying to play with other Currencies are good , the real Problem that we have in the BTC casino is that there must be a way to do or take Everything to USDT, an internal exchange even if it is only from BTC to USDT, Of course this is mostly what we have to do, if we focus on seeing that things are good, well I think that's what it says, the TRC20 network, alone, are Options that are the only ones to make any type of change, in the TRX Network is only 1 dollar, so it is something very good, of course I see this from the Point of View that it is Favorable for the Player , I don't Know how Good it is for the casinos.

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May 02, 2024, 01:06:01 PM
 #191

I personally suggest every casino to implement built-in crypto exchange that will help customers to exchange altcoins to alt/BTC and opposite with reasonable rate. This will help customers to deposit in altcoins, gamble in Bitcoin and then withdraw in altcoins to finally get their money without paying ridiculous transaction fees.
I think that requires a lot of work since you're basically functioning as an exchange at that point. They will require another license depending on where they're registered, and I'm sure the cost to get one is probably not worth it. It adds another layer of security issues that have been proven to be difficult to solve by bigger companies. Asking for more convenience is a bit much IMO, considering how many alternatives the user can do to find lower cost. On the other hand, I do agree that adding something like Lightning Network is an acceptable request.
I don't think it requires a lot of work because 3rd party, called poorbot.io, created an exchange service for Stake. They can build a local exchange and manage exchanges locally or they can use some 3rd party exchange providers that take care of the exchanges, they'll probably do it via some exchange APIs. In this case, they might require another license.
Many people prefer to gamble in Bitcoins and in situations when transaction fees are ridiculously high, people aren't able to withdraw their Bitcoins because transaction fees will eat up what they have. In order to attract customers and make service still nice for them in such extreme circumstances, it's a good idea to offer inner exchange. I can't say certainly whether it worth or not but I think it worth because high Bitcoin transaction fees are becoming very common today and it's still a coin that people prefer to gamble with.

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May 02, 2024, 01:50:49 PM
 #192

I don't think it requires a lot of work because 3rd party, called poorbot.io, created an exchange service for Stake. They can build a local exchange and manage exchanges locally or they can use some 3rd party exchange providers that take care of the exchanges, they'll probably do it via some exchange APIs. In this case, they might require another license.
I know that service, afaik, as they use Stake bot APIs to create an 'exchange' service, but it is using their tipping service which is probably not available on other casinos. Sure, other casinos can ask third parties to build a service like that, but I doubt casinos view that as a priority. I mean, a government can easily claim they're trying to run an exchange business when they do that, while Stake in this case can say they're not affiliated with any third-party service. CMIIW.

Many people prefer to gamble in Bitcoins and in situations when transaction fees are ridiculously high, people aren't able to withdraw their Bitcoins because transaction fees will eat up what they have. In order to attract customers and make service still nice for them in such extreme circumstances, it's a good idea to offer inner exchange.
If the problem is the withdrawal, most casino offers altcoins, don't they? Maybe this is the solution from their side. Based on the comments above, most people seem to view this as the preferred way to withdraw whenever a Bitcoin transaction is getting expensive. I still think LN is an alternative that is easy to manage compared to running an exchange for the deposit problem as of now. CMIIW.

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May 03, 2024, 07:12:01 AM
 #193


I would say that just adding other coins would be enough, it allows the casino to use some smaller fee coin or token. For example USDT is a great example at this,

Well, the things when Trying to play with other Currencies are good , the real Problem that we have in the BTC casino is that there must be a way to do or take Everything to USDT, an internal exchange even if it is only from BTC to USDT, Of course this is mostly what we have to do, if we focus on seeing that things are good, well I think that's what it says, the TRC20 network, alone, are Options that are the only ones to make any type of change, in the TRX Network is only 1 dollar, so it is something very good, of course I see this from the Point of View that it is Favorable for the Player , I don't Know how Good it is for the casinos.
Once you have your bitcoin inside your casino account already, do you think there is really any need to want to convert it to usdt for the sole purpose of gambling? When its like you are playing on a decentralized casino?

I think when a gambler already have their bitcoin deposited to their casino account, there is absolutely no need to worry about the bitcoin network high fees since it doesnt affect their gambling experience in any way, they can gamble with same bitcoin and all the transactions will happen internally, and then the casino algorithm can do it's changing of numbers in the screen of the player.
The only time the player can have issues with high fees and may consider using an internal exchange service to convert from bitcoin to any other coin with cheaper network transaction fees is when he or she wants to withdraw some funds from the casino, and it's In bitcoin all his money is on that casino, this is when an exchange service become important.

But on the other hand, you still might end up spending huge on fees as well, since if using exchange service, bitcoin still have to be withdrawn from your account and deposited in the exchange service account, except it's an internal exchange owned by the casino, we are talking about.

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May 03, 2024, 08:29:28 AM
 #194

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?
Basically those who regularly participate in the gambling game always keep their money in the gambling platform, they do not constantly transfer bitcoins from their wallet to the casino platform wallet for gambling. Maybe because of the high transaction fee of bitcoins those who would participate in gambling by sending from their wallet to casino wallet may not participate in gambling this time. From my point of view I will never participate in gambling during this high transaction fee increase because I have to transfer money from wallet to casino wallet to participate.

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May 03, 2024, 08:37:22 AM
 #195

It's good to see that bitcoin transaction fees have fallen and returned to normal. This allows gamblers to return to gambling using bitcoin again.
I can send some satoshis to my gambling account to gamble again and hope there is no increase shortly. But gamblers can still use altcoins or stable coins if they feel comfortable with their choice.
But for those who like to gamble using bitcoin, it's time to get back to gambling again. But be careful when gambling because we don't know when we will win.

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May 03, 2024, 09:19:11 AM
 #196

I think when a gambler already have their bitcoin deposited to their casino account, there is absolutely no need to worry about the bitcoin network high fees since it doesnt affect their gambling experience in any way, they can gamble with same bitcoin and all the transactions will happen internally, and then the casino algorithm can do it's changing of numbers in the screen of the player.
Correct, but the problem of people who gamble using Bitcoin isn't about high fees, they also see Bitcoin price rise as a problem too. Roll Eyes

I still remember some users saying they regret to gamble using Bitcoin because the price now rise double from when they bought it and they hesitate to gamble with existing coins that they have in their account.

I mean, come on... someone who keep thinking about spending for entertainment will not enjoy any single moment.

But be careful when gambling because we don't know when we will win.
Before you gamble, you need to accept loss because it's inevitable.

Gambling is for fun, not for making money.

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May 03, 2024, 08:11:57 PM
 #197


Once you have your bitcoin inside your casino account already, do you think there is really any need to want to convert it to usdt for the sole purpose of gambling? When its like you are playing on a decentralized casino?

I think when a gambler already have their bitcoin deposited to their casino account, there is absolutely no need to worry about the bitcoin network high fees since it doesnt affect their gambling experience in any way, they can gamble with same bitcoin and all the transactions will happen internally, and then the casino algorithm can do it's changing of numbers in the screen of the player.
The only time the player can have issues with high fees and may consider using an internal exchange service to convert from bitcoin to any other coin with cheaper network transaction fees is when he or she wants to withdraw some funds from the casino, and it's In bitcoin all his money is on that casino, this is when an exchange service become important.

But on the other hand, you still might end up spending huge on fees as well, since if using exchange service, bitcoin still have to be withdrawn from your account and deposited in the exchange service account, except it's an internal exchange owned by the casino, we are talking about.

If I understand what you are saying very well, what I mean is to do when you go to withdraw an internal exchange to avoid the high fees of the bitcoin network, because obviously if someone enters with bitcoin and plays with itcoin, the problem will always be withdrawing the money For example, I am a person who, whenever I enter the casino and have my winnings, even if they are few, if I can withdraw them without any problem, because it is my way of playing , of course there are casinos that assume the transaction fees at the time of the withdrawal and the withdrawal is free, that is, if I withdraw 10 or 12 usd in bitcoin, the casino assumes it, that is another case, but in the case that you have a profit of 12 and I want to withdraw, but the minimum Withdrawal is 10 dollars in bitcoin and also, it's 5 or 6 dollars in bitcoin, so I can't withdraw.

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May 03, 2024, 10:32:54 PM
 #198

It's good to see that bitcoin transaction fees have fallen and returned to normal. This allows gamblers to return to gambling using bitcoin again.
I can send some satoshis to my gambling account to gamble again and hope there is no increase shortly. But gamblers can still use altcoins or stable coins if they feel comfortable with their choice.
But for those who like to gamble using bitcoin, it's time to get back to gambling again. But be careful when gambling because we don't know when we will win.

Yes, at the current fastest rate of 15 sats/vB I think everyone is glad to see the transaction fee normalized and we back to using our precious BTC again. And at least we have been tested by whatever the reasons for the sudden surge in the fees and we all pass it.

I think everyone knows what gambling is, some of us have been in the Bitcoin gambling for so long.

And also for sure online crypto based are very happy to see the fees going down, so it's a win-win situation for us and for them.

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May 04, 2024, 03:22:19 PM
 #199

It's good to see that bitcoin transaction fees have fallen and returned to normal. This allows gamblers to return to gambling using bitcoin again.
I can send some satoshis to my gambling account to gamble again and hope there is no increase shortly. But gamblers can still use altcoins or stable coins if they feel comfortable with their choice.
But for those who like to gamble using bitcoin, it's time to get back to gambling again. But be careful when gambling because we don't know when we will win.
Without a doubt this is good news to many of us, I do not really hold any altcoins so bitcoin being so expensive to send out to my casino wallet made prohibitive any form of gambling, and while it is obvious that at some point the fees will grow once again, especially when the bull run is at its highest, I still refuse to convert some of my bitcoin to altcoins, as even if I can see that some of them have very low fees, I do not want to risk losing any profits at this time.

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May 05, 2024, 04:52:23 AM
 #200

Before you gamble, you need to accept loss because it's inevitable.

Gambling is for fun, not for making money.
Accepting loss is a must for every gambler but not many gamblers can do that. Many of them trying to recover their loss by continuing playing gambling. They must use gambling for fun and not for making money.

Yes, at the current fastest rate of 15 sats/vB I think everyone is glad to see the transaction fee normalized and we back to using our precious BTC again. And at least we have been tested by whatever the reasons for the sudden surge in the fees and we all pass it.

I think everyone knows what gambling is, some of us have been in the Bitcoin gambling for so long.

And also for sure online crypto based are very happy to see the fees going down, so it's a win-win situation for us and for them.
We already pass with the tested and we can use bitcoin to playing gambling although there will be a time for the fees surge again in the future. But we don't have to worry because that fees can change anytime.

Gamblers must knows how to act based on the current situation so they don't have to panic when they see the fees increases. They have two options if they see that happens again. First, they don't have to playing gambling for a while. Second, they can use altcoin or stable coins as an alternative.

Without a doubt this is good news to many of us, I do not really hold any altcoins so bitcoin being so expensive to send out to my casino wallet made prohibitive any form of gambling, and while it is obvious that at some point the fees will grow once again, especially when the bull run is at its highest, I still refuse to convert some of my bitcoin to altcoins, as even if I can see that some of them have very low fees, I do not want to risk losing any profits at this time.
Even if we can back to use bitcoin to playing gambling, we must be careful because bitcoin now becomes worth it and we must treat bitcoin as an investment. We must knows how much the fees with right so we can see if that's worth it or not to use bitcoin to playing gambling. If we thinks that's not wort it, we don't have to use bitcoin instead use altcoin or stable coins. Yes, I already hold my bitcoin for a while and not sell it because I am waits for the next highest price. That will gives me profit if I can hold it until the price increase so high and I can sell it at that price.

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