Why is the mining fee so high?

Why is the mining fee so high?

I recently bought $15 CAD worth of bitcoin from an bitcoin ATM nearby, only to receive $5.87 CAD worth of bitcoin(0.00047179BTC).

I am assuming this is because of the miners fee.

Why is it getting so high? Will it eventually drop? In total I payed a over 50% in miners fees.

http://ift.tt/2iYQ1LO

Comments

Post a Comment

Popular posts from this blog

sendrawtransaction and txn-mempool-conflict

sendrawtransaction and txn-mempool-conflict When i sendrawtransaction to bitcoind, i get error (exceptions) 18: txn-mempool-conflict (use Bitcoin JSON-RPC denpamusic/php-bitcoinrpc ) But the transaction is sent to the network and is subsequently confirmed. Example one decoded transaction : https://jsfiddle.net/rn58a4j6/ then i send this transaction: 94ec12fc463230b4285a29b047608627c05572a4c6eabe6688a201ce49ae72f7 https://ift.tt/2MY2KP0
Read more

couldn't connect to server: EOF reached (code 1)

couldn't connect to server: EOF reached (code 1) I'm running a full node on my raspberry pi3. I try to do a simple command such as bitcoin-cli getblockchaininfo but I always get this error: error: couldn't connect to server: EOF reached (code 1) (make sure server is running and you are connecting to the correct RPC port) My bitcoin.conf file looks like this: Bitcoind options server=1 daemon=1 reindex-chainstate=1 reindex=1 txindex=1 disablewallet=1 listenonion=0 Connection settings rpcuser= * rpcpassword=* rpcport=8332 rpcallowip=127.0.0.1 rpcthreads=10 I also tried to get a command with "bitcoin-cli -rpcuser: * - rpcpassword=* -rpcportt8332 getblockchaininfo". But this also didn't work. Does someone has some advice or experience with this error? https://ift.tt/2D82TLW
Read more