Post
Topic
Board Bitcoin Discussion
Re: Your Experience with Bitcoin Fees?
by
Dmitry.Vastov
on 31/08/2018, 16:46:45 UTC
I just did a transaction where I paid 1 cent in fees and it confirmed on the next block. Not only that but the next block came within half a minute of me doing my transaction.

The whole thing was almost implausibly good.

Generally, I always worry about fees but they never amounted to much in my experience of bitcoin. I don't do anything special. I use the latest stable version of bitcoin core and let it calculate the fees for me, I just use default settings.

According to bitinfocharts the average is $1, but my transaction of 160 something bytes only took 0.01 cents.

According to https://bitcoinfees.earn.com/ I should have paid 4 satoshis per byte, amounting to 0.04 cents.
We all know that all the crypto currencies available in the market are the decentralised one and thus the same implies for bitcoin also , as bitcoin is a decentralised crypto currency, there is no such proper authentic regulating body over the bitcoin and thus there is improper trading is going with bitcoin as there is no one to regulate the every minor thing of bitcoin like bitcoin transactions and then comes the bitcoin fee , thus leading to illegal use and decrease in number of investors and for this centralised of bitcoin is the only solution.