Seems Like Bitcoin Network Wants Minimum Fee At Least 11 Satoshis

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  • TheMoneyShot
    BARRELED IN @ SBR!
    • 02-14-07
    • 28672

    #1
    Seems Like Bitcoin Network Wants Minimum Fee At Least 11 Satoshis
    Just giving you the heads up to anyone who was doing low fees.

    They are intentionally holding all transactions 0-10 satoshis. Even though the network has been smooth lately.

    I still have a transaction being held up for 48 hours now.

    Don't be a cheap ass like myself.
  • littlekona
    SBR Hall of Famer
    • 11-19-15
    • 5242

    #2
    LOL i sent one with 4 satoshis it finally confirmed this AM from the 6th...fee was so low accelerator wouldn't take it
    Comment
    • TheMoneyShot
      BARRELED IN @ SBR!
      • 02-14-07
      • 28672

      #3
      Originally posted by littlekona
      LOL i sent one with 4 satoshis it finally confirmed this AM from the 6th...fee was so low accelerator wouldn't take it
      I still have hope then. I didn't need to convert it or anything... and it didn't need to be anywhere at a set time... so I typed in 2 satoshis. And... yeah... I hope it doesn't get held up all the way to the FORK.
      Comment
      • illiteratepotato
        SBR Rookie
        • 11-02-17
        • 41

        #4
        segwit2x fork was cancelled today.
        Comment
        • Garyinnj
          SBR Rookie
          • 11-08-17
          • 2

          #5
          I am new to all this bitcoin thing and am trying to send 200 to my betphoenix account. I use blockchain.info wallet. They have a default fee built in supposedly to get your transaction confirmed the quickest way. I just found out that it was 5 sat/B. Looks like I have a long wait. First and last time using bitcoin for me. I never like not having some sort of control over my funds until I give them to someone. I just hope I don't lose my money.
          Comment
          • littlekona
            SBR Hall of Famer
            • 11-19-15
            • 5242

            #6
            Originally posted by illiteratepotato
            segwit2x fork was cancelled today.
            so what happens to segwit2x BTC address will it still work if u have one connected to account
            Comment
            • bitcoinLuke
              SBR Sharp
              • 05-12-17
              • 390

              #7
              I'll take "People who should never go near Bitcoin again for $800, Alex"
              Comment
              • Garyinnj
                SBR Rookie
                • 11-08-17
                • 2

                #8
                LOL. Yea I sure won't. Dealing with these off shore books has become too much of a pain in the ass to send and receive money any more. Gonna call my old Italian buddy and go back to the old school gambling ways.
                Comment
                • Birre
                  SBR High Roller
                  • 08-12-10
                  • 225

                  #9
                  How much is the typical fee for a 250$ btc deposit to a sb?
                  Comment
                  • TheMoneyShot
                    BARRELED IN @ SBR!
                    • 02-14-07
                    • 28672

                    #10
                    Originally posted by bitcoinLuke
                    I'll take "People who should never go near Bitcoin again for $800, Alex"
                    Answer: Self-proclaimed SBR Bitcoin Guru wannabe who doesn't know dik about sports but is on a sports forum.

                    Who is bitcoinLuke.

                    DING DING DING DING DING
                    Comment
                    • mrpapageorgio
                      SBR MVP
                      • 09-07-17
                      • 2974

                      #11
                      Originally posted by Birre
                      How much is the typical fee for a 250$ btc deposit to a sb?
                      The amount being sent doesn't determine the fee, it's the amount of data required to process the transaction and how congested the network is. The more data required to run the transaction, the more you'll have to pay. The more congested the traffic, the more you'll have to offer to the miners to entice them to process it. Recently, I've seen people on average are paying a couple dollars to deposit, but it's still taking a few hours so one option is to also run the transaction through an accelerator to try and push the transaction through faster.

                      One option that can help with faster deposits (depending on if your book will allow this) is taking the road less traveled and using a different cryptocurrency to deposit such as Litecoin or ETH. BetOnline (which I have done before) and Bookmaker allow this option off the top of my head. Only problem is the exchange rate may be slightly less favorable because of their processor, but I know the transfer fees under both options are much better lately than Bitcoin since the traffic is much lighter.
                      Comment
                      • Grivas_Digeni
                        SBR Hall of Famer
                        • 05-08-15
                        • 5307

                        #12
                        Am I crazy for paying $3-4 in network fees for a transfer of $100-200? If I want the money sent within an hour there's no other way it seems like

                        Another question, all of this money we pay in fees, goes to compensate the miners, correct? So every time I am in a rush and don't want to wait, I am paying extra to those Chinese mining pools?
                        Comment
                        • mrpapageorgio
                          SBR MVP
                          • 09-07-17
                          • 2974

                          #13
                          Originally posted by Grivas_Digeni
                          Am I crazy for paying $3-4 in network fees for a transfer of $100-200? If I want the money sent within an hour there's no other way it seems like

                          Another question, all of this money we pay in fees, goes to compensate the miners, correct? So every time I am in a rush and don't want to wait, I am paying extra to those Chinese mining pools?
                          Depends how fast you need it there. If you just need it there that day rather than within an hour, as long as the fee is above a few cents (say 50) you can use an accelerator which will get it through in a couple of hours. Otherwise, considering how congested the network has been lately, you're going to pay if you need it there fast (within an hour).

                          And yes, the fee pays the miners to put the transaction into the block they mine. Not all of the miners are based in China, but the vast majority of the computing power to run the network is Chinese (electricity is very cheap over there which makes it much more profitable).
                          Comment
                          • bitcoinLuke
                            SBR Sharp
                            • 05-12-17
                            • 390

                            #14
                            Originally posted by TheMoneyShot
                            Answer: Self-proclaimed SBR Bitcoin Guru wannabe who doesn't know dik about sports but is on a sports forum.

                            Who is bitcoinLuke.

                            DING DING DING DING DING
                            Oh, you think? Lets do heads up contest. Football. You name the terms.
                            Comment
                            • jtoler
                              BARRELED IN @ SBR!
                              • 12-17-13
                              • 30967

                              #15
                              Lol you cheapos.
                              Comment
                              • TheMoneyShot
                                BARRELED IN @ SBR!
                                • 02-14-07
                                • 28672

                                #16
                                Originally posted by bitcoinLuke
                                Oh, you think? Lets do heads up contest. Football. You name the terms.
                                Well... sort of impossible because you aren't a pro here and you can only send 2 points a day currently for non-pros. So, there's no point.

                                So, I suggest you pony up all those Bitcoin Investment Dollars you've made and go pro for $100. And donate to the "Angelman Syndrome Research" here at SBR.

                                There's usually a College Bowl Game Contest.... and you pick 15 games.... and I'll pick 15 games.... and I'll drop you like a bad habit guy.

                                How's that?

                                Don't be a broke dik fuk. Go Pro.
                                Comment
                                • bitcoinLuke
                                  SBR Sharp
                                  • 05-12-17
                                  • 390

                                  #17
                                  Originally posted by TheMoneyShot
                                  Well... sort of impossible because you aren't a pro here and you can only send 2 points a day currently for non-pros. So, there's no point.

                                  So, I suggest you pony up all those Bitcoin Investment Dollars you've made and go pro for $100. And donate to the "Angelman Syndrome Research" here at SBR.

                                  There's usually a College Bowl Game Contest.... and you pick 15 games.... and I'll pick 15 games.... and I'll drop you like a bad habit guy.

                                  How's that?

                                  Don't be a broke dik fuk. Go Pro.
                                  Lol, points? Are you serious right now? I meant real money

                                  And please don't use words/phrases like "broke dik," "pony up," and "drop you like a bad habit." It makes you sound like straight trailor trash. I mean, you probably are, but at least fake that you're not

                                  This guy wanted me to play his for forum points......
                                  Comment
                                  • TheMoneyShot
                                    BARRELED IN @ SBR!
                                    • 02-14-07
                                    • 28672

                                    #18
                                    Originally posted by bitcoinLuke
                                    Lol, points? Are you serious right now? I meant real money

                                    And please don't use words/phrases like "broke dik," "pony up," and "drop you like a bad habit." It makes you sound like straight trailor trash. I mean, you probably are, but at least fake that you're not

                                    This guy wanted me to play his for forum points......
                                    Uhhhh... you can't do cash here dumb ass.

                                    If you can't contribute and go PRO here... do us a favor. Get the fuk out.
                                    Comment
                                    • bitcoinLuke
                                      SBR Sharp
                                      • 05-12-17
                                      • 390

                                      #19
                                      Originally posted by TheMoneyShot
                                      Uhhhh... you can't do cash here dumb ass.

                                      If you can't contribute and go PRO here... do us a favor. Get the fuk out.
                                      You must be really poor if you thought I was going to waste my time for forum points lol
                                      There are plenty of escrow services out there to set up a contest
                                      Comment
                                      • bitcoinLuke
                                        SBR Sharp
                                        • 05-12-17
                                        • 390

                                        #20
                                        Originally posted by TheMoneyShot
                                        I never had the mindset to be patient. I missed the boat when BTC was on the heater. I just woke up a few days ago and said... fuk it... I'm putting my entire bankroll in Bitcoin... and going to a Bitcoin only book. I'm not going to live in fear anymore. I've already lost a considerable amount... but I don't care.

                                        I'm not looking for BTC to hit Home Runs. Just a couple of base hits... maybe even HBP to stay in the game.

                                        I'm looking forward to the FORK a week from now... and we'll see what happens. More than likely I'm going to hang onto everything... just let destiny play out.
                                        One moron goes all in at the top


                                        Originally posted by bitcoinLuke
                                        5% accuracy? Lol, show me one thing I'd predicted wrong. Not everyone is as clueless as you.

                                        Lets try this, lets make a bet on my next prediction.

                                        Here it is: Bitcoin will go up to around $7800 at the fork, then retrace down to the $5000-5500 range before going up again.

                                        Name the terms and I'll take your money
                                        The other guy calls the top AND the retrace, but only right 5% of the time......maybe you should STFU and you could learn something, instead of constantly losing your ass
                                        Comment
                                        • TheMoneyShot
                                          BARRELED IN @ SBR!
                                          • 02-14-07
                                          • 28672

                                          #21
                                          Dude... you call things AFTER THEY ALREADY HAPPENED. You're a fluke.

                                          Hi Guys... I'm BitcoinLuke... and I HAVE NO FRIENDS... Can you be my friend please???

                                          I will enlighten you with my bitcoin knowledge and small penis.
                                          Comment
                                          • bitcoinLuke
                                            SBR Sharp
                                            • 05-12-17
                                            • 390

                                            #22
                                            Originally posted by TheMoneyShot
                                            Dude... you call things AFTER THEY ALREADY HAPPENED. You're a fluke.

                                            Hi Guys... I'm BitcoinLuke... and I HAVE NO FRIENDS... Can you be my friend please???

                                            I will enlighten you with my bitcoin knowledge and small penis.
                                            First he says I'm right 5% and then says I call things after the fact.....what a freaking moron

                                            https://www.sportsbookreview.com/forum/players-talk/3348720-bitcoin-price-tracking-discussion-2017-a-p43.html


                                            Yep, called the top and the retrace after the fact........considering my post was the 6th and the top was the 8th.....nice try, idiot



                                            Yep, called it going back to 5000 within a month on 9-22 when BTC was 3800, went back to 5000 Oct 7th....two weeks later, and hit 7000 Nov 1st, but yeah, after the fact.

                                            Nice try making things up.....its easy to see you're a moron

                                            The facts are you lose your ass and I make money doing this. Sucks to be a fool, but you keep going all in at the top like the noob that you are.
                                            Comment
                                            • bitcoinLuke
                                              SBR Sharp
                                              • 05-12-17
                                              • 390

                                              #23
                                              Originally posted by TheMoneyShot
                                              Why not just say it will reach 10k? Maybe 15k? Please don't stop at 7k... sounds very light.

                                              The entire world would become millionaires. Last time I checked... life didn't work that way.
                                              This is the best one of all of them

                                              We almost hit 8000, the whole world must be millionaires now. What. An. Idiot
                                              Comment
                                              • TheMoneyShot
                                                BARRELED IN @ SBR!
                                                • 02-14-07
                                                • 28672

                                                #24
                                                You said name the terms in sports handicapping.... I did... and then you made up another excuse.

                                                You are filled with excuses.

                                                You are a piece of sh#$.

                                                $500 is about 17,000 betpoints.

                                                I would humiliate you in front of this entire forum you broke dik fuk.

                                                Next time you have REAL BITCOIN information... post it before the news feeds do... you dumb fuk. You have ZERO INFORMATION. Just a pansy wannabe.

                                                LUKE THE FUKKING FLUKE
                                                Comment
                                                • bitcoinLuke
                                                  SBR Sharp
                                                  • 05-12-17
                                                  • 390

                                                  #25
                                                  Originally posted by TheMoneyShot
                                                  You said name the terms in sports handicapping.... I did... and then you made up another excuse.

                                                  You are filled with excuses.

                                                  You are a piece of sh#$.

                                                  $500 is about 17,000 betpoints.

                                                  I would humiliate you in front of this entire forum you broke dik fuk.

                                                  Next time you have REAL BITCOIN information... post it before the news feeds do... you dumb fuk. You have ZERO INFORMATION. Just a pansy wannabe.

                                                  LUKE THE FUKKING FLUKE

                                                  You went all in at the top. If the info was already out, why would someone do that.....unless they are just plain retarded. Not a single person in the BTC thread called the top and then a retrace, except me. Haha, you dont even make sense. You say info was out but you did the exact opposite and lost your ass. That makes you look even dumber than just not knowing what you're doing

                                                  Luke the Fluke, LukeSkywalker? Is this supposed to be funny? I'm not 13. You talk like someone in their 40s from a trailer part. Why are you still playing on a forum at your age? That big of a loser in life?

                                                  Guy loses his ass daily on betting and bitcoin, wants to play for forum points and calls others broke. This is so dumb you cant even make it up.
                                                  Comment
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