Quote from: rdluffy on July 23, 2020, 12:09:57 PM

Quote from: nicehash on July 23, 2020, 07:35:24 AM

We’re using BitGo’s Enterprise wallet and we are utilizing their integrated algorithm for dynamically applying the optimal amount for transaction fee according to bitcoin network past and present status.
We only cover operating costs and if fees are high this is due to blockchain conditions.
Please note that you can convert BTC to XRP for example and you will greatly reduce the cost of withdrawal.
Also, Coinbase withdrawals are still free or you can use Lightning Network to withdrawal the BTC.
https://www.nicehash.com/support/general-help/nicehash-service/fees

Thanks for explain, I didn't know that fees could rise too much due to blockain condition, but it makes sense
Right now the fees reduced to 0.00016598 BTC, it's more acceptable
Maybe I'll try another coin, but I'll wait for a couple of days to see if fees reduce more

I didn't know about LN working on Nicehash, I'll try to find this option

Both Ethereum and Bitcoin networks are heavily congested hence the high withdrawal fee. That why I am always converting my coins to XRP first then transferring because in most of the exchanges withdrawal fee for XRP is much lower.