Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
stompix
on 14/05/2017, 14:08:42 UTC
Well to me it's unfair compared to the past  few months but if we compare to fiat payment processors I'd say we should give the miners a break because this is far cheaper.

For sums under 50$  it's not cheaper than most other alternatives and for micro payments the fee exceeds already the transferable amount.

Well to me it's unfair compared to the past  few months but if we compare to fiat payment processors I'd say we should give the miners a break because this is far cheaper.

Yes, fees has been increased gradually in online wallets like coinbase, xapo, block chain and etc. Time for confirmations also increased to large when compare with few months back
It's just network fee for the transaction so why it's been increased the time as well?

Because the demand for a space in the block for the transaction has also increased.
That's why.