Quote from: realchlorum on June 25, 2017, 04:23:08 PM

Hey,

i recently looked up out of interest what i payed back in the day in Fees.
Its insane how much the fees increased.
2016-02-09 58$: 26 cents Fees.
2017-06-19 50$: 1.91$ Fees.

I hate it everyday when i pay with bitcoins. Bitcoin turns into Fiat Fees.
The Fees completly destroyed luckyb.it/ for example. They needed to make it a High rolling game.

I wondered why is the increase so much recently? And whats the solution to it? I pay everything i can on the internet via btc but the fees make it really expensive if you add them together compared to back in the day. And thats not even a long time i used for an example.

Fees are based on satoshi/byte size of a bitcoin transaction. Now if you keep collecting a lot of micro payments from mining or from faucets to the same bitcoin address or to the same wallet containing different addresses will result in higher fees when you want to spend all the available bitcoin you have in such wallet.

Let me make you an example, when I received only 1 payment of 0.08 btc to a single address and then sent it all to another address I only paid 0.001 btc in fees.

When I received a lot of different payments to different addresses in another wallet of mine and wanted to spend all available bitcoins the fees were crazy up to 0.026 bitcoin for sending 0.52 btc.

Now it is the user who should be careful, read more and get more and more familiar with fees because nowadays they are playing an important role in the bitcoin ecosystem.