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by StavrosK 4413 days ago
How are you guys going to do micropayments when Bitcoin transaction fees are like 50 cents?
1 comments
waterlesscloud 4413 days ago
It's currently about 4.5 cents (At current exchange rates), with plans to reduce that by an order of magnitude to 0.45 cents.
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battani 4413 days ago
Where did you get that figure? I'm curious because I've used APIs such as Blockchain and Coinbase and minimum fee is 0.0005BTC, which is about 25c.
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waterlesscloud 4413 days ago
The minimum fee was reduced to 0.0001 BTC about a year ago.

Here's an article on the plans to further reduce the fee.

http://www.coindesk.com/bitcoin-transaction-fees-slashed-ten...

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StavrosK 4411 days ago
Thanks for that, services I've used force you to around 30-40 cents, which is ridiculous. Good to hear it will be lowered.
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dpcucoreinfo 4413 days ago
It's complicated: the default fee is a bit like community consensus and this consensus has some inertia. Blockchain and Coinbase might still force you to overpay. Complain by sending support requests. Google: bitcoin default fee
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