Bitcoin transactions fees and time, are an issue that has been going on for quite a while, this problem started when bitcoin became so popular and so expensive along side the increase of the mining difficulty, see bitcoin mining is so expensive and requires a lot of hardware to do it, which makes it accessible for a handfull of poeple, and since miner are the ones who verifies the transactions, makes them slow because of how many transactions that are going on inside the network, and this means if you pay more fees which go to the miners the faster your transaction will be.
Mining difficulty has nothing to do with fees. Price has nothing to do with fees. Miners are not "verifying" transactions the way you think
We experienced a brief period of high fees (around 5$ when bitcoin was 3000) , it's 6 times more and the average fee is nowhere near 30.
The only thing that has impact on the fee is the number of transactions.
Indeed now all transactions are experiencing a rise so very sorry If there are hunters whose income is still small And if you want to use must only run out to pay the fee course Hopefully in a short time there will be solutions from the authorities in solving all these problems And hunters can feel the results maximum later.
What in the name of god where you trying to say?
Stop using google translate, you will get banned pretty soon for this garbage.
Yes of course this will happen. The cost of bitcoin transfer is getting more and more unreasonable. Of course this is based on bitcoin prices are getting crazy every day. My suggestion try using the popular coin ALT with lower transfer fee. For example LTC which has a transfer fee is not so much.
As explained above, price has nothing to do with the fees.
And you can check the graphs for the last two weeks price/fees.
I think continous price is due to the sky rocketing price of bitcoins. as the price goes high transaction fees always ride in, but my question is do those increase in transaction fee have some improvement with it. It is quite annoying to be ask by a high transaction fee wherin there is not even transaction speed improvements. But i hope those a sum of those fee spend with security improvements and not just a mere income from the processors.
Paying a higher fee is not like getting a better room.
With limited place in a block, the tx is like the auction for the space in the block.
You get the first one or the second or maybe none.
On average, how long does it take for btc to be received when you pay a fee around $3.70? What about $13? What if you did like $1?
Also it depends on the size of the transaction right? What determines that? The amount you send whether its 1 dollar or 1000 or 10000? Or its something else? Because when i was playing around with electrum, it seemed that any btc i put down and clicked preview to send, it was same flat btc amount to send assuming i pick whether low fee or within 25 blocks, 10 blocks etc.
For estimates check
https://estimatefee.com/I find it more reliable than fee21
Yes, the fees depend on the size, you can complete in the above link the number of outputs and inputs of your tx.
And as I explained before, you pay for a place in the block, not for the sum.
Assuming the same number of outputs and inputs, for a normal transaction the fee is going to be the same for 1$ or 10$k.
