Now free treshold Rise to $999???

Ewil
Archived posts: 39
Joined: Oct 12, 2017

Re: Now free treshold Rise to $999???

by Ewil · · Post #14058

So what are the transaction fees to get paid out now? I've two friends spitting nails because they were a hairs breadth away from hitting the $500 mark tonight, even with the crashing value of BTC, in order to cash out without a fee - and now they have to earn another $500 to do it "free".
Aura89 avatar
Aura89
Archived posts: 207
Joined: Oct 02, 2017

Re: Now free treshold Rise to $999???

by Aura89 · · Post #14093

DblD wrote:I mean we can all appreciate that transaction fees are gone up, but this is really bit excessive
How is it excessive at all? No one is forcing you to use the free threshold. The only way it would be excessive is if you couldn't go below that threshold.

You guys do realize the 5% fee we get takes care of the transaction fees right?

Do you also realize that 5% of 1000 is $50, meaning 5% of 500 is obviously $25, which is BELOW the transaction fee?

To expect the fee to stay at 500, when the the current average transaction fee is $32, would mean the 5% fee prohashing of that 500, being $25, would be completely eaten, plus an additional $7?

Do you think prohashing is running a charity where they should be spending more money then they are earning to pay us?

How does that make sense? Do you want prohashing to just, die?

Where are your guys' logic?
Ewil wrote:So what are the transaction fees to get paid out now? I've two friends spitting nails because they were a hairs breadth away from hitting the $500 mark tonight, even with the crashing value of BTC, in order to cash out without a fee - and now they have to earn another $500 to do it "free".
No one is forcing them to do it free.

If you want to know what the average transaction fees are at a time, there is this website:

https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m