Coinbase network fees, why so High all of a sudden.

**JIBBBY** · 05-08-23, 05:58 PM

Coinbase good for cashing out on books and cashing into your checking or savings account. Crypto trading and sending money to your books you get stung. Blockchain as the buffer you are still paying fees.

**Optional** · 05-08-23, 08:13 PM

Originally posted by biggie12

i know lots of people doing this and never had issues only on cloudbet and stake.

i dont know why i cant receive pms anymore. i wrote my tg in one of the posts come connect that way.

There is no reason you should not be able to receive PMs.

Maybe your box is full. Delete some incoming or sent messages if so.

Seen Cloudbet confiscate very large balances for "kyc reasons" a few times btw.

**Optional** · 05-08-23, 08:14 PM

Originally posted by JIBBBY

Coinbase good for cashing out on books and cashing into your checking or savings account. Crypto trading and sending money to your books you get stung. Blockchain as the buffer you are still paying fees.

It's not a Coinbase or Blockchain or Binance issue Jibbby.

Mining fees have spiked temporarily for every send.

**miaplus3** · 05-08-23, 08:57 PM

Originally posted by Optional

It's not a Coinbase or Blockchain or Binance issue Jibbby.

Mining fees have spiked temporarily for every send.

God, I hope it is temporary due to this bitcoin ordinals which is incredible hard to understand.

**Optional** · 05-08-23, 08:59 PM

Originally posted by miaplus3

God, I hope it is temporary due to this bitcoin ordinals which is incredible hard to understand.

It's just a bug that was discovered. It's a trivial fix, as soon as there is agreement on the best method.

**miaplus3** · 05-08-23, 09:04 PM

Originally posted by wombat

Bitcoin for gambling is not sustainable. Fees are ridiculous. Find books that accept Litecoin. Ltc fees are less than a penny. Bookmaker and Betonline accepts Litecoin.

Thanks man, that worked like a charm.

**miaplus3** · 05-08-23, 09:07 PM

Originally posted by Optional

It's just a bug that was discovered. It's a trivial fix, as soon as there is agreement on the best method.

yeah, something about jaredsubway (or something ) making these extreme amount transactions? Not sure what his goal is tho, that is where I can't wrap my mind around it.

**biggie12** · 05-08-23, 09:28 PM

Originally posted by Optional

There is no reason you should not be able to receive PMs.

Maybe your box is full. Delete some incoming or sent messages if so.

Seen Cloudbet confiscate very large balances for "kyc reasons" a few times btw.

i have had 10+ accounts on cloudbet..... I usually use BNB to fund... i deposit make my bet cashout.... If they ever ask for kyc i say no thank you cash me out. I think they had liq problems back a few years ago and could have been more shady. Ill try and find the generic email they send about the kyc.

Optional tell me u cashed your BTC things arent looking good.

**biggie12** · 05-08-23, 09:30 PM

Originally posted by miaplus3

yeah, something about jaredsubway (or something ) making these extreme amount transactions? Not sure what his goal is tho, that is where I can't wrap my mind around it.

lol his goal is simple he is a front running bot..... He is paying almost as much gas as uniswap... roughly ~200- 400k every 3 hours in gas fees. Very easy to track the wallet just find him on eth scan gas gzzlers his wallet is MEV bot.

Some guy accidently sent him 1.5 million in eth two days ago. Luckily he is not a total.pos and sent the funds back.

**miaplus3** · 05-08-23, 10:11 PM

biggie12, but what is he trying to accomplish in the end?

**biggie12** · 05-08-23, 10:36 PM

Originally posted by miaplus3

biggie12, but what is he trying to accomplish in the end?

make money ? do you understand what a front running bot "Sandwhich bot" does? hence his name jaredfromsubway.

**biggie12** · 05-08-23, 10:39 PM

wont be surprised to see BTC transactions fees around $30 sometime shortly.... and what happens when the mempool cant handle the amount of transactions.... we are at around 500k transactions right now.

**bjb7223** · 05-08-23, 10:39 PM

Originally posted by biggie12

make money ? do you understand what a front running bot "Sandwhich bot" does? hence his name jaredfromsubway.

eat it up

**biggie12** · 05-08-23, 10:40 PM

5 transactions per second max on btc. BTW

**** non crypto 50k transactions a second.

stuck at 1mb blocks.

BSV 8GB blocks........

BTC can not acheive doing anything near this without a fork. There is no one working on BTC.

**Optional** · 05-08-23, 10:59 PM

Originally posted by biggie12

i have had 10+ accounts on cloudbet..... I usually use BNB to fund... i deposit make my bet cashout.... If they ever ask for kyc i say no thank you cash me out. I think they had liq problems back a few years ago and could have been more shady. Ill try and find the generic email they send about the kyc.

Optional tell me u cashed your BTC things arent looking good.

Not yet.

**miaplus3** · 05-09-23, 12:29 AM

Originally posted by biggie12

make money ? do you understand what a front running bot "Sandwhich bot" does? hence his name jaredfromsubway.

So let me get this straight, there is a single dude out there that somehow developed a "front running bot" & implemented it in different areas of the blockchain to manipulate so that he can simultaneously buy low & sell high on and make a little on each trade but because of the volumes of trades he is killing it & effectively broke bitcoin?

**milwaukee mike** · 05-09-23, 07:04 AM

Originally posted by miaplus3

So let me get this straight, there is a single dude out there that somehow developed a "front running bot" & implemented it in different areas of the blockchain to manipulate so that he can simultaneously buy low & sell high on and make a little on each trade but because of the volumes of trades he is killing it & effectively broke bitcoin?

and people thought bitcoin could be used for every transaction in the world lol

think of how slowly it would be running if every swipe at a gas station was bitcoin

**biggie12** · 05-09-23, 08:12 AM

Originally posted by miaplus3

So let me get this straight, there is a single dude out there that somehow developed a "front running bot" & implemented it in different areas of the blockchain to manipulate so that he can simultaneously buy low & sell high on and make a little on each trade but because of the volumes of trades he is killing it & effectively broke bitcoin?

Bitcoin price falling has nothing to do with bot.

correct but.....

nothing to do with btc at all.

All i can tell you is if you still like bitcoin change it over to BSV.

If you want to check out the bot go here his wallet is MeV bot 7th 8th down the list.

Just a moment...

https://etherscan.io/gasTracker

**KVB** · 05-09-23, 12:26 PM

Originally posted by milwaukee mike

and people thought bitcoin could be used for every transaction in the world lol

think of how slowly it would be running if every swipe at a gas station was bitcoin

Yeah, impossible to compare to the already established massive networks of V i s a.

**Ghenghis Kahn** · 05-09-23, 01:29 PM

Originally posted by milwaukee mike

and people thought bitcoin could be used for every transaction in the world lol

think of how slowly it would be running if every swipe at a gas station was bitcoin

Scalability problems for BTC is nothing new. There are plenty of cryptos that solved the problem

**raiders72001** · 05-09-23, 01:44 PM

Originally posted by Optional

It's just a bug that was discovered. It's a trivial fix, as soon as there is agreement on the best method.

I say get rid of Taproot and stop building on top of bitcoin. Work on layer two solutions to keep down fees down and speed up transactions. Devs blew it with Taproot.

**biggie12** · 05-09-23, 04:25 PM

renq.io

**milwaukee mike** · 05-10-23, 12:39 PM

sportsbooks have to be hurting on these fees

paying $100 in fees just to send me a payout today can't be a lot of fun

Fee	368,617 [COLOR=rgba(255, 255, 255, 0.4)]sat[/COLOR]$103.44
Fee rate	350 [COLOR=rgba(255, 255, 255, 0.4)]sat/vB[/COLOR]

**Thefix13** · 05-10-23, 01:01 PM

Originally posted by milwaukee mike

sportsbooks have to be hurting on these fees

paying $100 in fees just to send me a payout today can't be a lot of fun

Fee	368,617 [COLOR=rgba(255, 255, 255, 0.4)]sat[/COLOR]$103.44
Fee rate	350 [COLOR=rgba(255, 255, 255, 0.4)]sat/vB[/COLOR]

Their fault if they only offer two withdrawal options

**Optional** · 05-10-23, 01:06 PM

Originally posted by milwaukee mike

sportsbooks have to be hurting on these fees

paying $100 in fees just to send me a payout today can't be a lot of fun

Fee	368,617 [COLOR=rgba(255, 255, 255, 0.4)]sat[/COLOR]$103.44
Fee rate	350 [COLOR=rgba(255, 255, 255, 0.4)]sat/vB[/COLOR]

I'd guess most are sending batch payments to reduce the per send average cost.

**KVB** · 05-10-23, 01:10 PM

Originally posted by Optional

I'd guess most are sending batch payments to reduce the per send average cost.

Correct, this is why processing times vary so much.

**eidolon** · 05-10-23, 11:57 PM

They should use XRP or Solana

**TheMetsSuck** · 05-11-23, 02:14 AM

Cost me 25$ to send 75$ on mycelium today. Only did it bc bovada offered 125% bonus. It had never been more than a few bucks the previous hundred transfers. Is this the new norm?

**raiders72001** · 05-11-23, 04:17 AM

Originally posted by TheMetsSuck

Cost me 25$ to send 75$ on mycelium today. Only did it bc bovada offered 125% bonus. It had never been more than a few bucks the previous hundred transfers. Is this the new norm?

yep, until the devs and community figure out what to do about the problems caused by Taproot. People are loving the Bitcoin NFTs and a lot of marketplaces are opening up to them including Binance. I'm not messing with them. There's a slim chance they all get nuked.

**JAKEPEAVY21** · 05-11-23, 10:16 AM

I made a deposit at a book on May 5th and it is still not confirmed...

Thankfully they credited my acct almost instantly but shocked to see it is still unconfirmed almost a week later.

**Headsterx** · 05-12-23, 05:40 PM

Wow, was winning so I spread the love to 4 different books to fund via LTC and so far zero confirmations as of 18 mins and counting.

**icon** · 05-12-23, 05:43 PM

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current rate of $8.82 per transaction as of May 7. Bitcoin miners are struggling to keep up with the demand, leaving many users frustrated and unable to complete their transactions in a timely manner.

https://news.bitcoin.com/bitcoin-networ ... ging-fees/

**Headsterx** · 05-12-23, 05:49 PM

Originally posted by icon

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current rate of $8.82 per transaction as of May 7. Bitcoin miners are struggling to keep up with the demand, leaving many users frustrated and unable to complete their transactions in a timely manner.

https://news.bitcoin.com/bitcoin-networ ... ging-fees/

**Headsterx** · 05-12-23, 06:56 PM

So one of the books is BM and game is about to tip off so I'm rushing and decides to do CC deposit as LTC is now over an hour. It's initially rejected as my bank wants to verify I'm making the tx. But now I have to contact CS as BM not letting me retry CC. No problem as it goes through, but then I go back to my account and BM also accepts the LTC deposit.... lol. But it's still showing zero confirmations for BM and the other three books.

**Brock Landers** · 05-13-23, 10:01 AM

I'm amazed the use of LTC and other alt coins wasn't pushed a long time ago.

Bitcoin is just the oldest/most well known coin, but the others serve the exact same purpose with much faster movement and much cheaper rates to buy/send, etc