Related to transaction fees in the Bitcoin network.

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Litecoin transaction fee

I have been struggling over the past few days to get some up-to-date information about Litecoin and I keep ending with nothing. To start off, I would like the formula that calculates the required fee ...
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2answers
24 views

Deduct fee from transaction amount

I am using sendtoaddress API call. The problem is that I need to specify amount that includes fees. For example, if I withdraw 1 btc, I need bitcoind to deduct fees from that amount and in example to ...
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1answer
54 views

Mining costs, impact on long term viability of BTC

It appears to me that electricity costs to mine blocks are rising at an unsustainable rate. Charts of difficulty and network hashes are growing exponentially. This is unsustainable. Currently miners ...
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0answers
61 views

Need to do 400 transactions, how do I get them confirmed?

I tried to send 0.00000001 btc to about 7 addresses, and paid the 0.0001 fee. But it seems like this transaction won't go through ever. Those coins are lost :(. I have about 400 sponsors, and they ...
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1answer
45 views

Forgot to add transaction fee, any way to add it now? [duplicate]

Today I sent 1.5 BTC to an exchange but forgot to add a transaction fee, the Qt wallet didn't even prompt me with one and I just clicked on Yes. Now it's been over 2 hours and it's not confirmed (as ...
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1answer
99 views

Transaction fees after 0.9 protocol update

As the changelog of bitcoind 0.9 tells, transaction fees should be greatly reduced. What are the implications of this? How were transaction fees determined before the change and after the change? ...
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1answer
39 views

Cost of single vs multiple outputs to the same address

A transaction can have multiple outputs pointing to the same address however it's not clear to me if and how this affects the transaction's priority and cost? As an example, let's consider these two ...
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2answers
44 views

A fee is added per kilobyte of data. That means 1000 bytes or 1024?

Wikipedia says kB = 1000 bytes and KB = 1024 bytes. Which one are we using for Bitcoin?
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1answer
64 views

Could an old, unconfirmed transaction fail to be processed because it is no longer deemed to have enough fees

I just read Why do small transactions without fees ever get processed? and it made me wonder about the risk that a legitimate, lock_timed transaction might not be processed once the lock_time is past. ...
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1answer
75 views

Why bitcoind/bitoin-qt is imposing transaction fee?

Bitoind is imposing transaction fee on 0.0001BTC forcefully even though i have set the transaction fee to 0, please tell can i transfer the money to some address without fee?
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1answer
90 views

What is the smallest sensible transaction? [duplicate]

While the smallest fraction of bitcoins currently implemented is the Satoshi (10-8 BTC or 10 nBTC (nano-bitcoins)), due to transaction fees there seems to be a minimum amount of BTC to be spent that ...
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1answer
69 views

What are mastercoins used for in Mastercoin?

What are mastercoins used for in the Mastercoin system? In Bitcoin, bitcoins are the only store of value and are spent as fees that the miners earn. In Ripple, ripples are used as a meta-currency ...
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1answer
48 views

Can I save mining fees when doing transitive transactions?

If I create two transactions: Send BTC from output X to Y, no fee is attached. Send BTC from output Y to Z, fee is attached (this depends on the previous tx). Would nodes propegate these two ...
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1answer
229 views

Sent bitcoin with no fee, waited and bitcoins disappeared

I sent about $425 to an adress from my bitcoin-qt wallet and forgot to include a fee. So I googled and googled and waited around for 4 or 5 days for it to stop broadcasting but I get on my computer ...
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1answer
50 views

Why is this transaction referred to as “low fee”?

Why does Blockchain.info refer to this transaction as "low fee", when it has the normal fee? What is wrong with it? Its size is less than 1000 bytes, with a fee of 0.1 mBTC – yet, this transaction ...
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1answer
23 views

Can I sign and redeem many outputs at the same time? (shrink the size of a tx Input)

I'm looking at this transaction that is redeeming many historical outputs from the same address. When I look at the blockchain, it seems pretty clear there is redundancy here of the public key being ...
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1answer
65 views

how to earn a transaction fee for transactions originating from my client

I am working on an online litecoin wallet system. For every transaction originated from our site, we need to charge say x% of the amount as fees and it'll be sent to Admin's address ? How can I do ...
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1answer
52 views

What kind of fee doesn't change the amount?

I sent myself 33 millibits from one wallet to another. At the destination, I am told that it took three minutes to get 172 confirmations, and there is a fee of 0.2 millibits. But the balance ...
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1answer
92 views

CreateRawTransaction and SendRawTransaction how to specify transaction fee? [duplicate]

I am able to createrawtransaction and sendrawtransaction but how am I able to specify a transaction fee for the miners? I am looking at possibly large transaction sizes due to multiple inputs (around ...
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31 views

Which clients offer a way to replace unconfirmed transactions?

On this site, we see a lot of questions from people who have sent a transaction which isn't being confirmed, often because they have neglected to include an adequate fee. The Satoshi client doesn't ...
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2answers
90 views

Transaction fees when a block chain is discarded

I'm a bit new to the bitcoin system, so I apologize if this is a "noob" question. A user attempts to take all the unverified transactions it knows about and aggregate them in a chain block. The same ...
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1answer
70 views

Ripple node compensation

How does Ripple charge fees for XRP-only transactions to compensate nodes? I've heard of what I can only describe as a "network fee", that some XRP are burned per transaction. What is the motivation ...
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1answer
160 views

How do I find out the miners fee for my transaction using Blockchain.info API?

Blockchain.info gives you the options of 'frugal', 'normal' and 'generous' for setting miners fees and leave it slightly vague as to what the transaction fee will ultimately be. I want to use their ...
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1answer
28 views

Force sender to include transaction fee

According to this article Instant Transaction Fraud: An Explanation, SatoshiDice required all incoming transactions to include fees. How do they do that? I assume that they check the "fee" data from ...
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48 views

Overview of the fee structure and strategy to minimize fees? [duplicate]

What are the current rules regarding transaction fees? What transactions are broadcasted by the QT-Client? How to the big pools act - what kind of transactions do say include in their blocks? The ...
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3answers
139 views

Transfer BTC between two wallet in two different devices?

I have to format my pc, so I have downloaded a BTC wallet also on my tablet. Is there a way to send BTC without commission fees?
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53 views

Does sending coins to someone incur fees? [closed]

Some noob questions. If I send someone coins, will it incur fees? If it incur fees then is it true for all other coins too? If it incur fees then can I set fee for the transaction? If I can set fee ...
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2answers
258 views

Can I earn transaction fees by running as a full node, verifying transactions, but not mining?

As I understand it, by running a full node (i.e. Bitcoin-QT) , I am helping confirm transactions and contributing to the Bitcoin network. When transaction fees are offered, do I receive these, and ...
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2answers
89 views

How do I set up my machine to process transactions and earn the transaction fees?

I am unable to earn money from solving blocks, but I think I could make money from transaction fees. The issue is that pools hide the transaction fees from the miners. The miners earn the solved ...
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1answer
203 views

Transferring Bitcoins from Wallet to Wallet

Say I buy a Bitcoin from a specific market, like BTC-e, and it goes into my wallet. Is it possible for me to transfer that Bitcoin from its current wallet (BTC-e) into a wallet that I have on another ...
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1answer
118 views

How to charge a fee to process Bitcoin payments in a mobile point of sale app?

I have a mobile point of sale app for local businesses. We want to integrate Bitcoin as a new payment processor for our merchants. We currently charge $.30 per transaction for credit card swipes and ...
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45 views

Why are transactions with no outputs not relayed by default?

I was reading this thread about making a transaction without an output: Are Bitcoin transactions permitted to have no outputs (i.e. all inputs become transaction fee)? The answer is that outputs ...
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2answers
182 views

Why is the transaction fee a multiple of the amount I want to send?

I tried sending 0.0001 BTC from my blockchain.info wallet. It deducted 0.0009 BTC from my account, including a 0.0008 BTC is transaction fee. Is it correct that the transaction fee is 8 times larger ...
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1answer
27 views

Is the minimum fee considered when a full P2P node validates a Tx?

So if the core devs change the minimum fee schedule, lowering the maximum "free" tx from 10,000 to 1,000 bytes - how will that not cause a hard fork? Or at least prevent nodes running old software ...
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2answers
152 views

Why did I pay 8.7% in miner fees?

Yesterday I did my first Bitcoin transaction for something physical. I bought a couple of drinks at a pub. I was shown a QR code which I scanned with my Blockchain.info iPhone app. What caught my eye ...
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316 views

How to collect Dust transactions?

Most of my initially received bitcoins were from faucets and therefore, these micro amounts ended up being dust transactions. Since then, I've bought some bitcoins which are not dust. Now I'm trying ...
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2answers
2k views

How to avoid Bitcoin-QT's transaction fee or change size limit?

I'm trying to find an easy way to enable my website to accept bitcoin payments. I'm trying to test out Blockchain.info's "receive payment API" (http://blockchain.info/api/api_receive). Near the ...
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1answer
103 views

What is the fee policy suggested by the mainline bitcoin client?

The online wallet blockchain.info allows for the fee policy to be customised: The "Normal" policy states Follow the fee policy suggested by the mainline bitcoin client. What is the fee policy ...
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1answer
101 views

Do bitcoin clients automatically add more fee than specified?

Sometimes when I'm sending a transaction using json-rpc calls to bitcoind, the client adds more than 0.0001 fee. 0.0001 is the TX fee I specified in the settings. My understanding is that when the TX ...
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1answer
247 views

What are the benefits of running bitcoind daemon?

Can I get some fees on others transactions coming through my PC (creating blocks or whatever)? Transit-fees I mean. Can I get some tiny bits of newly mined BTCs just on keep running bitcoind.exe in ...
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50 views

Why is still Fee not a 1 Satothi?

How I feel this. Every transaction, 1 address -> 1 address, take a 0.0000 0001 BTC. Attacker try to flood network with transactions. Presuppose, he have 1 BTC. Flood could looks like 1M of ...
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101 views

Fees from portals like coinbase or bitestamp to Bank/Credit Card

there is something not really clear to me in the buy/sell process. When I sell bitcoin on sites like coinbase I am requested to pay a 1% fee. What about the fees to transfer the money back to my bank ...
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118 views

Can the fee be 10 times bigger than the amount that was sent?

I don't understand one thing : If I get paid an amount of 0.000055 BTC ore more, how come the fee is 0.0005 ? The fee is ten times bigger than the amount I was paid?
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Bitcoin URLs: how to set a transaction fee?

The Bitcoin URI scheme doesn't appear to provide any mechanism for setting a transaction fee. Is there a way to get clients to include a transaction fee in a standard payment via a Bitcoin URI?
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1answer
345 views

Transfer BTCs without fees

I currently have BTC 0.38 in a wallet on a computer and I want to transfer all those Bitcoins on another machine. As I have the Bitcoins on a relatively new address (it has received 1 payment and ...
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1answer
118 views

Do transactions happen in an already mined block or a block yet to be mined?

As I understand it a miner gets a reward of 25 BTC per block he finds (as of now). I also read that some transaction fees go to the miner who found the block. How are these two things related? Also, ...
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2answers
103 views

what are “transaction fees” used for?

if I set a transaction fee from multibit for example, is it a fee I'm paying or is it a fee that the other party is paying; and to whom does that fee go to?
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Question about mining algo [duplicate]

Lets say mining block is generated in 18:00, next block is generated after 10 minutes in 18:10 by user GENERATOR_18_10 As I understand, all transaction fees (for transactions included in 18:10) will ...
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1answer
395 views

Litecoin transaction fee structure?

I am exploring litecoin and I am confused about transaction fee. What is the minimum recommended fee per kb? Is the fee structure enforced by the miners or only by the clients? If I somehow craft ...
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1answer
149 views

How do big sites/markets handle the intrinsic “transaction fees”?

For example, on the late SilkRoad market, or in bitcoin mixing services. They supposedly have a "pool" account (or escrow acct, etc) where all the coins go in to, and from which withdrawals are made. ...