..

Bitcoin Transaction Costs Skyrocket Above $20

Written by:
Guest
Published on:
Dec/12/2017

There is a worry among online gambling operators and some gamblers themselves that fees tied to the crypto-currency Bitcoin are getting too high for comfort.  On Tuesday, it was reported that Bitcoin transaction fees had shot above $20.

Bookmaker now accepting most crypto-currencies

Speaking to Bitcoin.com site owner and one of the original Bitcoin investors, Roger Ver, this past week, Gambling911.com was warned that these fees could move even higher.

“I think that PayPal fees are even less than that of Bitcoin right now,” Ver told us

That could be especially true right now.

CalvinAyre.com issued this ominous warning late Tuesday:

If BTC doesn’t collapse by New Year’s, it will probably go even higher into 2018 as the subject will be the holiday talk of nearly every family in the Western World, in a market that operates 24/7, inspiring other reluctant family members to buy in as well. If this doesn’t scare you, then you should probably stand up to charging rhinoceros for a living. In this case though, we all lack the depth perception necessary to determine when the rhinoceros will actually hit. We’re all just sitting there looking at it run towards us thinking how awesome and fearless we are.

ArsTechnica illustrated the fluidity with the fees in just a few days period. 

A week ago, it cost around $6 on average to get a transaction accepted by the Bitcoin network. The average fee soared to $26 on Friday and was still almost $20 on Sunday.

Ver has shunned Bitcoin in favor of Bitcoin Cash, pressing that the later is what Bitcoin was meant to be.

- Aaron Goldstein, Gambling911.com

Business/Financial News

What Do Broken Down McDonald's Milkshake Machines Have to Do With a Bitcoin Mastercard Conspiracy?

If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor, so you can't really escape the system.  Enter Mastercard's similar setup with Bitcoin.

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Syndicate