4 ms·

Bitcoin transaction fees are around $0.40 to get your transaction accepted. While you could pay with no fee, it could take days for the transaction to be accept

by FigBug 12y ago

Bitcoin transaction fees are around $0.40 to get your transaction accepted. While you could pay with no fee, it could take days for the transaction to be accepted. Maybe one of the altcoins would work better. But now you are limiting your customer base to people who have altcoins, which must be a pretty small market.

hagbardgroup 12y ago
You could extend them a subscription on credit, just like businesses do before credit/debit transactions settle. Ripple then? Again that rests on adoption for Ripple, which is probably even smaller than a lot of alt coins.
icebraining 12y ago
$0.40? As in 40 US dollar-cents? As far as I know, it's much lower than that, around $0.005 (probably lower now, Bitcoin has dropped since then) https://github.com/bitcoin/bitcoin/pull/3305 https://github.com/bitcoin/bitcoin/pull/3305 "The new fee after this patch is 0.5 cents."
- FigBug 12y ago
  http://blockchain.info/charts/cost-per-transaction http://blockchain.info/charts/cost-per-transaction I'm guessing y-axis is cents. Looks like it's about $0.25 - $0.30 these days.
  - icebraining 12y ago
    No, that's mining costs, not transaction fees. And it's in dollars, not cents.
    - FigBug 12y ago
      Hmm, not sure where I got the idea costs were that high. I can't find any data anywhere what people are actually paying.