Outrageous Fees Will Destroy Bitcoin

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  • Hugh Madbrough
    SBR Wise Guy
    • 01-08-12
    • 834

    #36
    Originally posted by mrpapageorgio
    In the Blockchain app, when you send, tap the fee box and it gives you an option where you can select how many satoshis/byte you want to include as a fee. However, be careful if you don't know what you're doing as you can either overpay or send too little and have your transaction stuck.
    Originally posted by Optional
    Well sorry if I have missed that. I do tend to be working when playing poker so often dont read the chat :\ I answer all my PMs though (eventually)

    Most people making a complaint like yours are complaining of the opposite usually. Coinbase costing too much.

    Blockchain.info have zero fees for anything. But next time you send look under the tx box for the fees slider. They have a low,normal, priority setting there for he miner fees. But honestly, unless this was months ago, 8 bucks is rather cheap for a miner fee anyway, dont try to make them too low or you will end up waiting days.

    The biggest reason you see differences in miner fees is the network demand at the moment you send, it's not the actual wallet... although in Coinbase's case, you have no choice, they select the optimum miner fee, which is often higher than some people would choose themselves. They do this to ensure timely confirmation of all transfers sent out.
    Thank you both for your help. I'm super late to the game but i'll keep an eye out. It's interesting. Hopefully in the future Monay Gram or W Union accept bitcoin so I can send money back home.
    Comment
    • JIBBBY
      SBR Aristocracy
      • 12-10-09
      • 83686

      #37
      Originally posted by jjgold
      I will be doing transfers in the early morning it seems like the best and cheapest time
      JJ sorry to hear you don't have a creedit caard.. Pay your debts son... Credit scores are a tuuuurilble thing to waste..

      Creditkarma.com... .
      Comment
      • LVHerbie
        SBR Hall of Famer
        • 09-15-05
        • 6344

        #38
        Originally posted by jjgold
        I will be doing transfers in the early morning it seems like the best and cheapest time
        Weekends are usually cheaper as well...
        Comment
        • Sportwetter84
          SBR Rookie
          • 08-01-16
          • 40

          #39
          thank god there is BitcoinCash. Basically no fees, reliable and fast transactions. I m extremely annoyed with the Core team for having me made pay a couple of hundred $ in fees for promoting their digital gold and store-of-value nonsense and so should you.
          It will soon come to almost any sportsbook to hopefully replace high-fee-coin. If BitcoinCash is not available consider Ethereum.
          Comment
          • Venom72
            SBR MVP
            • 10-05-16
            • 2041

            #40
            Use litecoin ethereum or bitcoin cash, fees are literally cents, havent deposited using bitcoin in forever
            Comment
            • BrickJames
              SBR Hall of Famer
              • 05-05-11
              • 9749

              #41
              Originally posted by Venom72
              Use litecoin ethereum or bitcoin cash, fees are literally cents, havent deposited using bitcoin in forever
              It seems that the fees for Bitcoin have evened out and went way down also
              Comment
              • Bsims
                SBR Wise Guy
                • 02-03-09
                • 827

                #42
                Yesterday I withdrew 0.15 BTC from Nitrogen Sports and sent it to an Electrum wallet. There were no fees on either side. My balance at Nitrogen was reduced by 0.150000, while my balance on Electrum increased by exactly 0.150000 BTC's.
                Comment
                • ikid2groove415
                  SBR Posting Legend
                  • 01-08-18
                  • 11981

                  #43
                  Bitcoins no good anymore !! Price got way inflated - just last summer it was sitting under $3000
                  Comment
                  • ikid2groove415
                    SBR Posting Legend
                    • 01-08-18
                    • 11981

                    #44
                    Originally posted by JIBBBY
                    JJ sorry to hear you don't have a creedit caard.. Pay your debts son... Credit scores are a tuuuurilble thing to waste..

                    Creditkarma.com... .
                    ************ no good when your married !! Wife can track your record
                    Comment
                    • BuckyOne
                      SBR MVP
                      • 01-02-15
                      • 2728

                      #45
                      Is it possible to get data on how much bitcoin is mined daily? Is the volatility correlated to the volume. I still think a transfer system without an immediate fil is garbage?
                      Comment
                      • mrpapageorgio
                        SBR MVP
                        • 09-07-17
                        • 2974

                        #46
                        Originally posted by BuckyOne
                        Is it possible to get data on how much bitcoin is mined daily? Is the volatility correlated to the volume. I still think a transfer system without an immediate fil is garbage?
                        Comment
                        • BuckyOne
                          SBR MVP
                          • 01-02-15
                          • 2728

                          #47
                          Originally posted by mrpapageorgio
                          Thank you for this MrP!
                          Comment
                          • jjgold
                            SBR Aristocracy
                            • 07-20-05
                            • 388179

                            #48
                            Originally posted by ikid2groove415
                            Bitcoins no good anymore !! Price got way inflated - just last summer it was sitting under $3000

                            yes it has a place but will never take off
                            no market for it like us dollar or other currencies
                            Comment
                            • ChuckyTheGoat
                              BARRELED IN @ SBR!
                              • 04-04-11
                              • 38035

                              #49
                              Originally posted by jjgold
                              yes it has a place but will never take off
                              no market for it like us dollar or other currencies
                              Duly noted.
                              Where's the fuckin power box, Carol?
                              Comment
                              • illiteratepotato
                                SBR Rookie
                                • 11-02-17
                                • 41

                                #50
                                Why does bitcoin need to compete with ****? It can just be a good digital store of value right?
                                Comment
                                • mrpapageorgio
                                  SBR MVP
                                  • 09-07-17
                                  • 2974

                                  #51
                                  Originally posted by jjgold
                                  yes it has a place but will never take off
                                  no market for it like us dollar or other currencies
                                  As long as there's offshore betting and black markets, it will have a market.
                                  Comment
                                  • jjgold
                                    SBR Aristocracy
                                    • 07-20-05
                                    • 388179

                                    #52
                                    Offshore is pennies in the real
                                    World currency
                                    Comment
                                    • ChuckyTheGoat
                                      BARRELED IN @ SBR!
                                      • 04-04-11
                                      • 38035

                                      #53
                                      Originally posted by jjgold
                                      Offshore is pennies in the real
                                      World currency
                                      jj...is Bsims your father? See above.
                                      Where's the fuckin power box, Carol?
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388179

                                        #54
                                        Chuckie I forgot more about the coin than you know

                                        If I ever come to Delaware Park I’m gonna break your ass
                                        Comment
                                        • Bsims
                                          SBR Wise Guy
                                          • 02-03-09
                                          • 827

                                          #55
                                          Originally posted by ChuckyTheGoat
                                          jj...is Bsims your father? See above.
                                          ???
                                          Comment
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