Related to transaction fees in the Bitcoin network.

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8
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2answers
1k views

Largest Bitcoin transaction fee ever paid?

What was the largest transaction fee ever paid? Assuming that payment was an accident was the sender able to contact the miner who mined that block and negotiate a full or partial refund?
5
votes
1answer
20 views

Without side chains will transaction fees rise as block rewards fall?

Transaction fees are currently minuscule when compared to block rewards. Even if transaction volume was 10x higher than it is now, this would be the case. Is there any realistic scenario where ...
3
votes
2answers
33 views

Wasted satoshi due to transaction fees

Say I have a wallet containing 1000 satoshi, and I want to transfer this to another wallet, but it doesn't cover the transaction fee, do I just waste it? I don't have the private key to the wallet ...
3
votes
1answer
41 views

What is the impact of purposely sending a signed message with zero fee?

Would it be appropriate use of me to send a message with 0 fee on purpose if I have no need for the message to remain on the blockchain after it is seen by the recipient? I could sign a transaction ...
0
votes
1answer
20 views

Will Bitcoin remember unperformed transactions?

Let's say I transfer 0.05 BTC from 1 input to 1 output and don't pay a fee. If there are 6 blocks per hour, this means that my input has to be 369 hours (about 15 days) old so no fee is required. ...
6
votes
0answers
43 views

Are there any projections about when transaction fees per block will equal block reward?

A spreadsheet with a base projection and the following editable variables (for a given block height) would be great: BTC transaction volume per block Number of transaction per block Average ...
1
vote
1answer
36 views

Is there some sort of algorithm to calculate transaction speed?

I'm wondering if there's a way that I can calculate how long it will take for a transaction of x BTC paid a y fee to get z confirmations based on current difficulty
1
vote
1answer
44 views

Is there a way to know the Bitcoin Network transaction fee BEFORE actually submitting the transaction?

I am using the RPC API to submit automated transactions to my Bitcond, the user introduces the Amount and I check it against its balance before submitting the transaction. I would like to also check ...
1
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0answers
19 views

How does tx fee calculation work when txin and txout are similar amounts?

This website has an example called "When Too Much is Not Enough" on its main page. I'll quote it an case this is changed in the future: Suppose you have only two outputs in your wallet, worth 1 ...
2
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2answers
37 views

How are transactions collected into new block?

How are the latest transactions collected into new block to send them to miners for hashing? Which part of the network is responsible for giving miners the correct block to hash?
2
votes
1answer
48 views

How can I set the transaction fee when creating a transaction through Bitcoin-cli commands?

I want to run the following command via bitcoin-cli: ./bitcoin-cli sendfrom "10302c02147e2948cbejd9a2bd80d9691ef08a6a4d416c2bb602143a4anj06b90e" "32cjBTQkfLBp38ixj7hdjk0cc90VPPnwhQ" 3.04384215 ...
1
vote
1answer
28 views

How to apply RBF (Replace-by-Fee)

I got a stuck transaction and would like to clear this. I found many information about RBF (Replace-by-Fee) how it works etc. So i think this might be the best option to get my transaction going. ...
0
votes
1answer
82 views

bitcoins unconfirmed for 7 days :(

Can anyone help me? I am a noob with bitcoin (using bitcoin core client) and I ticked the check box that said something like "send with 0 fee when possible". My transaction has been stuck in the ...
0
votes
2answers
25 views

How to exchange small amounts of dogecoin to bitcoin?

I want to convert a small amount of dogecoin (about 200D) to BTC. However, I've noticed that the withdrawal fees on all exchanges are more the amount of bitcoin I will have. Is there no way of ...
2
votes
1answer
55 views

Second, Third, Etc Confirmations taking a long time, why?

I have sent a bitcoin transaction of 0.18, you can see it here. https://live.blockcypher.com/btc/tx/22bacef7d4fb78e4e90cd04540daad257a39cb4ab4510f9e0efe5a88efaf0f87/ I included a fee of 0.002 even ...
4
votes
2answers
165 views

Transaction fees and transactions with bitcoin-cli. Wallet address balance negative

I'm trying to make a bitcoin website and I tried to implement a sort of 'withdraw' button which would allow you to send your money in the wallet address to some other address. The problem I am facing ...
1
vote
2answers
84 views

How can I send thousands of small amounts (10'000 sat.) to bitcoin wallets without paying to much fees?

I want to make a faucet. But my problem is that I don't know how I can make my payouts. I would have a lot of little amounts (like 10'000 satoshis) to pay. Is there an efficient way of doing thousands ...
0
votes
1answer
52 views

Should I include the fee in the sent bitcoin amount?

I'm using Electrum and want to purchase something with Bitcoins. When I get to the bitpay screen with all the details (And the timer) I input the information into the electrum client, which then ...
1
vote
1answer
53 views

Set a standard transaction fee in bitcoind

Hello I was wondering if it is possible to set a standard transaction fee in bitcoind like 0.0001 BTC. Because now it uses around 0.000026 BTC per transaction and it takes ages to confirm. Thanks in ...
0
votes
0answers
46 views

How is transaction fee calculated?

Some says that transaction fee is calculated based on the size of transactions. In short, does it mean based on the number of utxos? To be precise, does it mean depending on the size of all of input ...
0
votes
1answer
19 views

How to lookup the transaction fee for a particular transaction?

Is it possible to lookup how much transaction fee was paid for a specific transaction? If I check the transaction on e.g. blockchain.info, I can see a field named "Fee", but I guess that's a sum of ...
1
vote
1answer
223 views

How do you calculate a reasonable transaction fee?

These days transactions are taking a very long time to confirm. Higher transaction fees could be a possible solution. I want to know how to calculate a reasonable transaction fee, which is not so ...
0
votes
1answer
64 views

Can A Mining Farm Profit From Transactions

Background Last night, I debated a friend of mine about the decentralized nature of bitcoin. He made an argument indicating that the Chinese Communist Party isn't concerned about bitcoin because ...
1
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1answer
63 views

How to get fee in a transaction with unconfirmed inputs in bitcoinj?

I am trying to get the fee of incoming transactions in a wallet with bitcoinj. At times it was the commission using Transaction.getFee(), but this was throwing NullPointerException. I got to do a ...
2
votes
2answers
72 views

calculate transaction fee in a block

I want to know how one can query bitcoin core via json rpc or other methods to find all the transaction fees in a block? API queries are not useful as they have a rate limit. Here is an example ...
0
votes
0answers
48 views

Change the fee on Multibit

The transactions-fee is set to 0.0001 btc in Multibit classic. Can I set the fee to 0.2 or 0.3 mBTC? Where is the java class that I must change to upgrade the fee? What is the var or const to change?
1
vote
1answer
42 views

Reject TXs based on fee in comparison to TX size?

Is it possible to configure a node to reject junk transactions like this https://tradeblock.com/bitcoin/tx/6d67480fde2dd484b0ee389a6488db212ea7d0dbd2a11358efcc0b39077407ca 199 inputs, 35kb tx with a ...
3
votes
1answer
401 views

Is Ethereum essentially Bitcoin with Turing-complete Script?

Is Ethereum essentially Bitcoin with a Turing-complete scripting language and, if I understand correctly, where the script to be executed (not its hash) is placed in the Ethereum blockchain? If so, ...
3
votes
1answer
166 views

Able to send 0.2BTC from old to new wallet w/o fee as of 2016?

Good evening everyone. I've been out of the cryptocurrency scene for a couple of years and I've stumbled into a minor issue. I've been trying to figure out if it will be viable to move some Bitcoin ...
6
votes
1answer
81 views

What are the arguments for and against deprecating transaction priority?

A recent pull request moves ahead to deprecate the concept of transaction priority by changing the block priority space to zero. This has enraged some users who believe that deprecating transaction ...
3
votes
2answers
75 views

Why are coinbase transaction outputs greater than reward?

If the sum of the coinbase transaction's outputs must be less than or equal to the current reward (25 btc currently), why in practice do blocks have a slightly higher coinbase transaction output (for ...
1
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1answer
58 views

Get transaction fees per transaction via gettransaction

For a research project I need to analyse all transactions that happened in 2015. All I care about are volumes transacted, fees paid and a timestamp per transaction or corresponding block. Getting ...
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0answers
100 views

Wallet didn't include fee, transaction stuck on unconfirmed

My wallet has always automatically included a transaction fee everytime I do a transaction, but this time it didn't and I dont know why. I did everything like I always do and I haven't changed ...
4
votes
1answer
294 views

Transaction priority

I'm testing some functionality on the testnet and I'm having problems with the transactions priority. According to the technical info, a transaction that has not enough priority should have a fee of ...
2
votes
1answer
157 views

'The node is not in a connected state' error when trying to execute OP_RETURN transaction with NBitcoin

This is my first time trying out the NBitcoin library to create a transaction. I am trying to create an OP_RETURN transaction, but every time I try to execute the Version Handshake with the node I get ...
1
vote
2answers
1k views

Any way to delete unconfirmed transaction?

Recently I sent some bitcoins without adding a fee and now, it's been taking too long. Is there any way I can recover my bitcoins? I want to delete my unconfirmed transactions from Blockchain.info? I ...
1
vote
1answer
211 views

How can we run regtest without transaction fees

We have setup a bitcoin network using regtest mode and found that there is transaction fee charge on each sending Bitcoin. Is it possible set the payment fee to zero for each transaction? We found ...
1
vote
0answers
37 views

What is the biggest bitcoin transaction ever performed so far? [duplicate]

What is the biggest bitcoin transaction ever performed so far (by value at the time of transaction)? And what was its transaction fee?
3
votes
4answers
90 views

How do transaction volume and block reward relate?

As an example, assume a block has 10 transactions with a total value of 1BTC. Does a miner get 25 BTC for validating and committing that 1BTC? What's the economics of this model?
2
votes
2answers
243 views

Why has this blockchain transaction not confirmed?

ea5ee0a3734356a71b2b39deafb656715bad42fb297497f7f694d4a7a0f6335c Is due to the fee being low 0.0001? or something else?
1
vote
1answer
23 views

Am I paying Double fees?

On testnet I sent a transaction I believe this was for TBTC1.000 and a 0.0001 fee: i.e. inputs - outputs = 0.0001. When I try to claim the transaction I am only allowed to claim 1 - 0.001. If I ...
3
votes
1answer
68 views

Can transactions scale sufficiently to compensate the diminishing block reward by fees?

Today, the bitcoin network is secured by massive computing power, which is expended in the process of mining. The miners are rewarded by newly mined bitcoins, plus transactions fees. The security of ...
2
votes
1answer
106 views

Coinbase transaction's 100-block cooldown period

From the developer guide: The UTXO of a coinbase transaction has the special condition that it cannot be spent (used as an input) for at least 100 blocks. This temporarily prevents a miner from ...
-1
votes
2answers
86 views

mine the transactions on solo

Will i receive the transactions fee even if i don't find a block? If i create a personal pool and start mining in it is there a chance to find block? Even if i don't find a block and for e.g mine 30 ...
0
votes
2answers
206 views

Even if transaction fee is set to BTC 0.00001, transactions remain unconfirmed

I'm testing an application based on bitcoinj so I've been sending small amounts for days and it worked fine – transaction fees are set by default to BTC 0.00001. As of yesterday, these small ...
4
votes
1answer
34 views

Would an increased blocksize lower the stress of the stress tests?

I see that there are about 9000 unconfirmed transactions right now and that five of the last six blocks are under 1/2 Mb and 15 blocks in a row under 750 Kb. This suggests to me that larger block ...
0
votes
1answer
81 views

How can I get the Fee involved in a Bitcoin transaction using RPC client (bitcoin-cli)?

I performed a bitcoin payment in the testnet, here is what I get when I execute bitcoin-cli gettransaction "11b8d5f89793e83e9e10b7ee51fa1b3445f6029f7d7efe4c82b3b261ec513a0e", as you can see the info ...
1
vote
1answer
78 views

Could increasing Block size solve the “End of mining” issue

Disclaimer: I am new to this forum and Bitcoin/cryptocurrency in general. After all 21 million bitcoins are released into circulation, it seems that the incentive to mine is gone unless transaction ...
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1answer
36 views

How to spend bitcoins From Account and specify Fee

I am writing an application that uses bitcoin wallet accounts to specify what addresses belong to what user. I have been reading the documentation trying to find a way to spend Bitcoins specifying the ...
1
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1answer
294 views

Ethereum - how is the output of a contract computation verified?

This may be as simple as a pointer to some place in the docs I've missed, but how/where is the output of a contract's computation checked, or assured against a malicious miner with an intentionally ...