Bitcoin transaction fees and pending transactions back to normal
It looks like bitcoin transactions have returned to the new normal again since the Segwit switchover. You no longer need to pay $10 USD to get a transaction through in a reasonable amount of time and the queue of pending unconfirmed transactions have dropped back to normal levels.
To put the relative performance in perspective, over the past couple of days we were seeing Bitcoin transactions on BlockTrades that took 2 days to confirm. Similar transactions with similar fees paid are now processing in an hour or less through our system.
Here's the current report from https://bitcoinfees.21.co. Previously transactions paying fees up to 180 sat/byte were showing Inf (basically it means the confirmation guestimator had no idea how long the transaction would take). Now it's estimated 0-90 minutes for transactions in that fee range.
Bitcoin fees still aren't nearly as cheap as they used to be, however, in part because of the rise in price of Bitcoin. So I still recommend transferring reasonably large amounts when you make a transfer.
This is good news. Any thoughts on what this means for Bitcoin Cash?
Hopefully that it will triple in value in two weeks. I purchased when it was at the top for a few minutes a month back then halved its value :( sigh... nice post @blocktrades Cheers ;) @decentralization
@decentralization : I agree that You say, I assume
this is an opportunity business crypto
Or use LTC, much cheaper and faster.
I am using LTC for transactions such as moving between markets due to low fees :)
Smart steemian you are.
That's some serious word :D I singed up today :D
Hmm yeah, it is good, and mining of LTC is good and easy too :)
what kind of hardware do you use for mining LTC?
hmm ok you can find in here
https://steemit.com/cryptocurrencies/@cryptocoiners/got-some-free-coins-in-just-less-than-24-hours
I looked...I didn't see any hardware.
use antminer D3 for LTC if you want a specific hardware for mining
https://www.cryptocompare.com/mining/bitmain/antminer-d3-miner/
emm. I'll ask you for an answer
to the question @everittdmickey
I have a batch of LTC....looking to add more...a nice run of late.
@taskmaster4450 I also have Titan Miner (KNC Batch 1-300 + MH Scrypt)
I get with the price: US $ 2,800.00 in the year 2016 ago
Better yet use Steem, even faster and free.
@slavix Im agree
Thank goodness. Does this mean the CoinBase transaction fees are back to normal to now?
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
upvote , darling
Dash is even cheaper and faster than LTC.
or just use Steem and never deal with transaction fees/ Why even use Any fee when you can move money around with no fee?
@tumutanzi and @blocktrades i have a poem to share with you. hope you love it... your upvote is very much appreciated.and it will help me a lot..i'm humbly with all my heart to follow me also..thank you..i need some people like you guys.to support me right here in the community..i want to grow just like you guys,,hope give me a chance to prove myself to you guys..that my poem is worthy to read.. https://steemit.com/poetry/@mrblu/poem-i-m-tired
True!
Just use steem instead!
Exactly!
Yes the transaction fees are never free on any other coin that I know of, and steem being free to send makes steem usable as money not just as some social media site. The money thing should just be advertised first and foremost, like bitcoin, bitcoin is just seen as money and people don't need it to have a social media site that comes with it!
Support and grow where you are, it is for good reason.
it is better to use steem
edit...Thank you for your response and for sorting things.
Sent follow up message via wallet transfer:
Transfer 1.903 STEEM to blocktrades
memo.....442e8750-0849-48ea-8c1f-29887c09001
Can you confirm transaction .........cannot find at Bitshares. Please assist.
Miners are back from BCH to BTC and Segwit blocks started showing up.
its starting to sound like Segwit will become its own fork of Bitcoin now? or are we just going to have lightning network BTC transactions soon for cheap and very fast?
And will Bitcoin Core just always have incredibly higher and higher fees now?
jesus christ , bitcoin fees could get so high that any amount of bitcoin under $100 will be wiped out
has anyone ever stopped to realize how much 0.0006 BTC is when Bitcoin is $100,000 a bitcoin? its $60 ! is that a reasonable transaction fee? Damn will bitcoin core juyst stop gaining value and will new versions of bitcoin just gain all the money? will coinbase just go out of business now? or will they add the new coins? what is the current transaction fee of bitcoin cash? 24 cents? wow that sucks litecoin is muchc heaper isnt it? well since steem is the cheapest at 0 it makes the most sense
steem wins the transaction fee debate period and for this reason steem will have all the small investments of the world, people who want to transfer money freey will use steem
steem will be used as the ultimate digital money, why use anything else? its the best crypto for the masses
Are you the owner of zerohedge.com? Love the site BTW.
LTC is great alternative. :)
This post received a 1.5% upvote from @randowhale thanks to @vysmek! For more information, click here!
I just voted for you for witness. I see you've been supporting #teamcanada hard so thought u deserved it. Cheers
Great news, I love @blocktrade for the good news update, so as what will be a thought to get this on an application for much logger
Whether there is influence with the amount of exchange that we send or the effect of rice happening at the price of being up and down !
And @blocktrades thank you for information
https://steemit.com/introduceyourself/@jasonmunapasee/perkenalkan-diri-jasonmunapasee-2017826t225425220z
please apvote me.
done!