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?
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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
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@decentralization : I agree that You say, I assume
this is an opportunity business crypto
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Or use LTC, much cheaper and faster.
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I am using LTC for transactions such as moving between markets due to low fees :)
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Smart steemian you are.
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That's some serious word :D I singed up today :D
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Hmm yeah, it is good, and mining of LTC is good and easy too :)
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what kind of hardware do you use for mining LTC?
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hmm ok you can find in here
https://steemit.com/cryptocurrencies/@cryptocoiners/got-some-free-coins-in-just-less-than-24-hours
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I looked...I didn't see any hardware.
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use antminer D3 for LTC if you want a specific hardware for mining
https://www.cryptocompare.com/mining/bitmain/antminer-d3-miner/
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emm. I'll ask you for an answer
to the question @everittdmickey
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I have a batch of LTC....looking to add more...a nice run of late.
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@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
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Better yet use Steem, even faster and free.
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@slavix Im agree
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Dash is even cheaper and faster than LTC.
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or just use Steem and never deal with transaction fees/ Why even use Any fee when you can move money around with no fee?
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@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
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True!
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Just use steem instead!
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Exactly!
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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!
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Support and grow where you are, it is for good reason.
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it is better to use steem
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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.
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Miners are back from BCH to BTC and Segwit blocks started showing up.
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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
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Are you the owner of zerohedge.com? Love the site BTW.
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LTC is great alternative. :)
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This post received a 1.5% upvote from @randowhale thanks to @vysmek! For more information, click here!
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I just voted for you for witness. I see you've been supporting #teamcanada hard so thought u deserved it. Cheers
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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
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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
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https://steemit.com/introduceyourself/@jasonmunapasee/perkenalkan-diri-jasonmunapasee-2017826t225425220z
please apvote me.
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done!
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Information about Bitcoin Network transaction speed and fees:
https://steemit.com/bitcoin/@tipu/how-to-check-bitcoin-transfer-speeds-and-how-busy-the-bitcoin-network-is
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thanks for the link, very interesting
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Your article is so great, and I love it so much, if I could be like you, I would do the same ,,, @blocktrades
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That's good to see, now hopefully wheni get my paycheck i won't be having to pay those large transaction fees i did last week. Still, I'll figure out a way too stop using bitcoin on the daily and use it more like gold. Only using to spend on large transactions, or just bag holding.
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It seems clear this is the early stages of an evolutionary and revolutionary process. So exciting.
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Yes it's, and I'm very that I'm part of it.
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Saya baru saja membuat perkenalan diri di steemit, mudah-mudahan saja anda mau mengunjunginya
https://steemit.com/introduceyourself/@medica/introduceyourself-or-perkenalan-saya-2017829t91016635z
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I like your post @blocktrades and thank you for information.👍👌😊
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Hey guys I think your service is great and I really like your logo so I turned it into an animated gif. Hope you don't mind :)
And here's a post explaining how I made it which includes a selection of different sizes. Enjoy
Thanks.
@animate
PS. I've also popped you a little memo just in case you miss this reply.
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From @beukahma1 to @blocktrades
I look forward to your help and support here,
please help me,
because this is my first introduction ,, I really expect this from you,
for my initial capital to play steemit ,, @blocktrades
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Hello sir. @blocktrades help me please, I have bad day. My post very
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@blocktrades - That is a relief to know. I lost a fair bit of money in transaction fees recently when I decided to change exchanges. at 180/byte, the fees are still high and 0-90 minutes time is not idea for quick online transactions but at least things seem to have started returning to normal. If bitcoin is to have a wider application and acceptance, this issue will need to be resolved. Of course, advent of debit and credit cards based on crypto will enhance acceptability to a large extent since the transaction times would not then matter except for that one transaction when we transfer balance to the card account.
Thanks for the heads up. Upvoted.
Regards,
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@blocktrades my gf @ihatebanana still has a pending transaction that she sent over 1.5 days ago and hasn't even shown up in her wallet yet. Any help with this?
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I see a transaction from her from yesterday. The bitcoin was sent and confirmed, so if it's not showing up check that her bitcoin wallet is synched.
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Hi!! I send 6.400 SBD one hour ago and they haven´t appear in https://blocktrades.us/, I mean in your page the transaction is not reflected, thanks in advance for information
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Hi Alex, you put your litecoin address in the steem memo field instead of the memo from our system. I've refunded your SBD, so you can try again with the proper memo.
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Oh my god!! @blocktrades excuse me for my mistake!!! I feel very ashamed!!
Thanks so much!!
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@blocktrades your website appears to be down, please check out, been trying to access it
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Thanks, will have her check!
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hi @blocktrades ! i check my bitcoin wallet , but i have not received anything.
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Hi, you can see the funds were sent here: https://blockchain.info/tx/6bf1f607d5c740e6375924a6af2756bb79e9e33f49bc34f5d4bad205788590c1
Make sure your bitcoin wallet is synched up to the blockchain.
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@blocktrades please support me on this advocacy ..need your support..lets act now before its to late please help me to share with the voice load and clear,lets help our mother nature, global warming is a big problem on this planet.come join me on this advocacy..
https://steemit.com/poetry/@dontryme2/poem-love-the-mother-nature-please-be-aware-of-global-warming
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i have not recyve my btc. my id transaction acbc7135-bde6-4ce5-bbaa-2c789ef09528
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refund, thanks!!!
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You didn't send enough SBD to pay the bitcoin transaction fee. I've refunded your SBD, but please read this post to trade with us effectively: https://steemit.com/blocktrades/@blocktrades/how-to-convert-steem-sbd-to-fiat-more-efficiently
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@blocktrades I sent 2 transactions yesterday (one for steem $ one for SBD). No BTC received in my wallet. I was only sent 6 cents instead of $11 lol?
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Please voet my comment
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Yikes, my last btc transfer gave me quite a scare, took forever and yes, the fees too. I agree with the rest that ltc is way better in terms of speed and fees.
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Hello @blocktrades I like your Blog ..
I want to Discuss some special Thing with You If you Have Time contact with me on my gmail account my Email is ( [email protected] )
Am waiting your Email .. Its Good for you .
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read this post
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Buy bitcoin with steam. From @steemboad. To @blocktrades. very battle his way very easily. and from steam power we're going to steam. Send it to the address blocktrades. as much as you want. will be prompted by @blocktrades but do not forget the memo @blocktrades you love. We do not fill into the memo. Thanks @blocktrades has shared a post that I really like. and can i learn how to buy bitcoin bitshares. and others. from steam and steam power.
Thanks
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I wish I could get more steem but those bitcoin fees really eat at what I want to invest! So sad...
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@blocktrades ! You guys are solid, the rest of the exchanges do whacky stuff, use you guys daily!
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if i make a transfer of 1sbd would it be transferred? how long would it take?
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That might be the Sunday effect where transactions drop.
The hashrate has moved back to bitcoincash, which means there may be delays again on the bitcoin network.
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I sent $ SBD through blocktrade and I am still waiting to see it come up in my Quadriga dashboard. Question, the amount that I transferred was less than $5 could that be the reason why it has not shown up? That is the first time that I transfer that small of amount but wanted to test it. Thank you
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Yes, the amount is too small. I've refunded your Steem Dollars. Here's a post that may be helpful to you when trading with us: https://steemit.com/blocktrades/@blocktrades/how-to-convert-steem-sbd-to-fiat-more-efficiently
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Thank you very much, I appreciate that. I am an older person so it has been a challenge learning all the in's and out's, thanks for the patients.
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Great blog by the way, I just wanted to say a big thank you very much, for the upvote on my Mix Grill blog!!
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very helpful information from you. @blocktrades
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good news from @blocktrades , thanks you so much
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Design for you @blocktrades
https://steemit.com/art/@arie.steem/blocktrades-my-appreciation-design-2017910t0208272z
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waw ,,, it is amazing, this is what i am waiting for from you, indeed you are very extraordinary in making article article, once again very amazing @blocktrades
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Hello @blocktrades I've recently made transfer from STEEM to ETH but didn't receive the money. I use your service frequently but something like this hasn't happened to me until now. The reference id is:
90565cc5-5883-4d10-bace-3e430e6fc6cd
Please, refund if possible. Thank you!
edit: Also, I've written to your contact email too, so if you help me here you can just ignore it.
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Lingtning network is going to be added to bitcoin. then the transaction fees will be very and ver small.
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Saya belum faham benar mengenai #bitcoin atau #bloktrades namun membaca artikel ini, jadi sedikit menambah ilmu. Memang semua itu perlu #introduce dan #science untuk melangkah kesana.
Terimakasih atas share nya @blocktrades.
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Incredibly well-lit, lTC is faster and cheaper anymore.
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I have read about eSteem application in good-karma post. Very eager for all who install eSteem application. All posts are sent makes all users steemit more spirit in using it.forgot my apvote master. @jasonmunapasee do not visit my page.
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I really want to be like you, who have good articles and useful for lovers of steemit,
please help and support me, I really want to be like you @blocktrades
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thank you
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We work for people those who have lost all the in natural storms for them we want steem supports from you.
.
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Good post! Thanks
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imo btc fees get more low for micro transactions and userfriendly (stores,restaurant,shops) but when implement the LN and more compatibility with segwit the fees will not be a problem
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Upvote @shamuel bloktrades
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Ah finally, wellt here is always other cryptos
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Didn't work. I tried the @blocktrades service to make a transaction to Ethereum. It was a small amount (as a test) and nothing appeared. Please help or refund, thanks; Memo: 88828c02-d815-4d67-a5b4-707daa5eab0c
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thanks for sharing @blocktrades upvote and resteem your post..kindly see my new poem its about our mothers that knows best for us..hope it touched your heart ..i made it because i miss my mother a lot..for his care and love..i have all have mothers..you can feel it also...further we do here it is..https://steemit.com/philippines/@dontryme2/mother-knows-best-poem-i-love-you-mom-hope-you-love-it-guys
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https://steemit.com/life/@imamalkimas/word-strings-for-soleha-women-2017911t83623601z
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Yea LTC would be faster & more efficient
Im continuing follow your cool content :)
I WILL ALSO FOLLOW EVERYONE ON THIS ARTICLE
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@blocktrades My Bittrex & Steemit Get HACKED - Missing All Money
I hope you guys can be careful
https://steemit.com/steemit/@arie.steem/my-bittrex-and-steemit-get-hacked-missing-all-money
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this is a great news, thanks for sharing
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I hope someday can make a transaction, thank you.
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I paid $5 today for one transaction! It was nuts! I thought the whole point of this is to lower transaction costs lol
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May i ask why Steem(bittrex) to Steem( blocktrades) is not possible? Only Steem(bittrex) to Steem dollar(blocktrades) possible?
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Nice and good news thank you
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@blocktrades for new information about bitcoin, your post very usefull, thank u so much, i have rebloged ur post for all steemians wish they know this information about bitcoin
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-Excellent post thanks for sharing
I am a new steemians, maybe i should study first with you, regards know me
https://steemit.com/@movietrailar please follow me
I followed and upvoted.Would you like to follow and upvote me.
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Thanks for the information, this is very important to us all
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👍🏻
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Thanks for sharing
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This is great news from such an old and reliable source. Everyone assumed there was going to be some growing pains after the switch. Innovation takes time.
Thanks @blocktrades
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Congratulations @blocktrades! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
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This is good information, especially for seniors in steemit who earn a good return on their business. Thanks for you @blocktrades for this information..
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It's very nice @blocktrades
the performance of your company I think is very good, you are so quick to fix the chaos that occurs on your company system, I love thumbs for you.
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Or just use Dash, cheaper and faster than even LTC.
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Thank you for giving us very important information @bloctrades
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Good news, thnx
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Sir,I had an bad experience when I exchanged 18 SBD to btc using your trading.I got very little amount of btc worth around 8 USD .This happpend three days ago.
We,the poor author need your good support always.
Thank you @blocktrades
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Please read this article for methods to trade with us more efficiently: https://steemit.com/blocktrades/@blocktrades/how-to-convert-steem-sbd-to-fiat-more-efficiently
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Thank you @bloctrades
I am going to use your trade next time too.
I hope ,i will have good experience.
Your link is highly helpful
Thank you
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thank for sharing.....great news for BTC lover
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Use LTC, it's much cheaper, faster and easy to use.
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Fees are just still way to high to use Bitcoin as a payment system... For me, it's use is still only a store of value...
I hope this will be taken into account for the future
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Hawa teuh bang @blocktrades , neu peurno lon hai
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Hi @blocktrades yesterday I was paying $4.95 per BTC transaction.
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Liked and resteemed. Very valuable info thanks
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Great information 👍
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Back to normal....hmm...I beg to differ. I'll post something on this in a second. Thanks for sharing though.
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Thank you for your hard work and full responsibility.
even though I am not delayed, but I hope for the other smoothly and normally expected.
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no it is no true i have make a transcation before 3 hours using coinbase and i have pay 5 dollar as a fee
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谢谢您的分享！很期待您的文章！
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Amazing news; great post!!!
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Fees are still way too damn high! I remember fees well under $1 for years!! I cannot and will not recommend BTC to anyone anymore until fees get sub $1 again. What if Visa charged you $4.72 to buy a pack of gum at the gas station? Think anyone would use it? This is the fate of BTC until we can back to competing with the Visa as far as fees go. I love Bitcoin always have always will. I used to go around every day trying to get merchants to adopt it. How can I recommend it to them now??
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Thanks for the update!
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followed you. Thanks for updation. kindly have a look on my post. your one click can change my life. resteem m post if you can. try spread my post as much you can. i really in need of help from all stemians communit., https://steemit.com/story/@kumar.malhotra/dear-all-stemians-help-me-i-really-need-it-seriously
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Thank you for this important information. Nice to meet you. Hopefully can give the best for steemit
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I never used that website before. I'll use it from now on. Very useful one. Very interesting website.
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thanks @blocktrades, about this information and i am new be at steemit platform. so support me in this social media steemit.
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Using ltc. Much cheaper and faster. If one is fast. Why should the others.
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Or use LTC, much cheaper and faster.
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Indeed it is a golden news for today
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@blocktrades All is well that ends well!
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A very good post. So add insight
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Information thatbis very meaningful to me as beginner trade!! Thanks @blocktrades
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I would like to know how to trade .Can you know increat or decreat steem & bitcoin
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Wonderful article brother ...! Upvoted & Resteemed ,
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Very good new :))
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Good to know that everything back in action to normal :D
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Bitcoin is not competitive as a payment system because of high transaction fees and long transaction times.
I explain why in
Bitcoin vs Steem - Why Bitcoin can not compete long term
https://steemit.com/cryptocurrency/@slavix/bitcoin-vs-steem-why-bitcoin-can-not-compete-long-term
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thank you @blocktredes
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