Bitcoin Fees

[wilbur]

Bitcoin transaction fees are affected by what? How come that sometimes 1000 sats is fast enough 

And sometimes 10000 sats is slow at different moment. 

Ughh i cant explain well, but you know what i mean right?

[Kate]

Its according to the price of btc that the fees varry while sending the transaction 

[wilbur]

The higher the price of bitcoin the higher the trans fee?

I once depoed on blockchain and the suggested fee is 13000 sats. The price is 6.3k USD

And i depoed last last night on different site and the fee is 2k sats only while the price is 7.3k

[Kate]

5 hours ago, wilbur said:

The higher the price of bitcoin the higher the trans fee?

I once depoed on blockchain and the suggested fee is 13000 sats. The price is 6.3k USD

And i depoed last last night on different site and the fee is 2k sats only while the price is 7.3k

Oh for me it varrys on price in coinbase wallet and in coinomi according to the time for confirmation if you eant it delayed confirmation can send with 3k fees 

[Megalith07]

Fees on bitcoin keeps on fluctuating as the price fluctuate last year when the bitcoin is at peak i even bear the fees of 14$ for the transaction of 35$ but now everything is normal and as far as slow and fast transactions ore concerned you can change the amount of satoshi per second on the blockchain wallet.

[Kate]

4 minutes ago, Megalith07 said:

Fees on bitcoin keeps on fluctuating as the price fluctuate last year when the bitcoin is at peak i even bear the fees of 14$ for the transaction of 35$ but now everything is normal and as far as slow and fast transactions ore concerned you can change the amount of satoshi per second on the blockchain wallet.

I sent a transaction for 2k sats. 14$ fees your wallet is weird them 

[gougou]

i think fees are lower now cause of stopping mining form many guys

in my country many people that bought staff for mining are selling that .so i think everywhere this happens cause mining has no worth anymore.so the fees are less

[Jhia]

On 4/26/2018 at 8:38 AM, wilbur said:

Bitcoin transaction fees are affected by what? How come that sometimes 1000 sats is fast enough 

And sometimes 10000 sats is slow at different moment. 

Ughh i cant explain well, but you know what i mean right?

i think i defends on the miner, the more miner the faster the trx, but for the price, i think it depends on the value of the currency, 

[SUPREMOCOC]

The fees were high because there were many transactions and by the law of offer and demand de price went up. Since the appliance of the segwit the fees were down to minimum levels.

[Kate]

3 hours ago, gougou said:

i think fees are lower now cause of stopping mining form many guys

in my country many people that bought staff for mining are selling that .so i think everywhere this happens cause mining has no worth anymore.so the fees are less

True well btc mining isnt profitable to a normal sized mining rig only big mining rigs 

[Megalith07]

On 8/16/2018 at 11:59 PM, Kate said:

I sent a transaction for 2k sats. 14$ fees your wallet is weird them 

I was talking about the fee rate when BTC is at its peak like 21k dollars for one BTC.

[KinAniK]

The bitcoin fees varies on bitcoin price, I remember I was paid 93k fees when bitcoin was more than 19k

[coinwhore007]

how more fees how faster the transatioc will finish

[Kate]

2 hours ago, KinAniK said:

The bitcoin fees varies on bitcoin price, I remember I was paid 93k fees when bitcoin was more than 19k

damn thats like 5 bucks and how much did u send ?

[KinAniK]

24 minutes ago, Kate said:

damn thats like 5 bucks and how much did u send ?

ya damn that fee, I depo several times then in PD with that high fee

[Kate]

52 minutes ago, KinAniK said:

ya damn that fee, I depo several times then in PD with that high fee

But how much did you depo for 92k ? 

[KinAniK]

51 minutes ago, Kate said:

But how much did you depo for 92k ? 

I think I was depo 550k

[Kate]

1 hour ago, KinAniK said:

I think I was depo 550k

Oh thats actually a bit reasonable for that huge amount  

[TheFrog]

bitcoin fees are depending on the miners

[Kate]

2 hours ago, TheFrog said:

bitcoin fees are depending on the miners

Also i guess on the wallet not only on the miners

[frompz]

i heard that it depends on miners but i think that depends in wallet also !

[Fernando Guar]

 

I think the tax that bitcoin has per transaction is very good now there was a time where the tax passed the 100k

[bmg]

The fees that seem the highest are from the gaming sites . All wallet fees i seen are really low like bitpay

[williamshennie9]

I think the speed of transactions depends on the number of other transactions in the pool, as well as the availability of active miners and how fast they can solve the algorithm.

I think this is the reason it can take anything from a few minutes to a couple of hours

[Bigmann23]

The fees seem yo have really stablized as of late blockchain seems to be working right finally i hope nothing changes back yo the way it was.