Related to transaction fees in the Bitcoin network.

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1answer
43 views

Is there a way for merchants to insist on a tx fee to increase likelihood of the tx (eventually) being accepted into the blockchain?

I understand that some transactions may never get into a block, esp those with zero fee or with a fee below the current suggested minimum (which makes me wonder about tx fee inflation, but that's ...
1
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1answer
51 views

What does the “Cost per Transaction” chart on BlockChain.info show?

According to the Blockchain.info: Cost per Transaction, the latest "Cost per Transaction" value is 16 USD. Apparently, it's not the transaction fee, what does it mean then?
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1answer
54 views

Time to send bitcoins?

I was investing bitcoins in Coin Controller but I need the time to send it because they only give you 10 minutes. So I want to know how to calculate the time to send bitcoin with for an example ...
-1
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1answer
56 views

Is bitcoin an effective way to receive international payments?

I live in the UK with a GBP bank account, and recently I need to receive an amount of $115.92 from a contact in the US. We looked at a few options: International bank wire: instant no go as his US ...
1
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1answer
36 views

Do Miners get a reward for re-confirming blocks?

As far as I know, to ensure double-spending didn't happened and also for other security reasons, there is minimum number of confirmations that a transaction should have to be accepted. That value is ...
0
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1answer
88 views

Bitcoin transaction priority calculation

From the Bitcoin wiki page on transaction fees: Transaction priority is calculated as a value-weighted sum of input age, divided by transaction size in bytes: priority = ...
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3answers
80 views

Are Bitcoin fees optional?

I was making a multisig account in coinb.in. Then I tried to make a transaction (spend funds). At the bottom there was a box for writing the fee. What fee? I thought bitcoin sending was free! Beside ...
1
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1answer
37 views

What is the easiest way to associate an utxo to a specific account?

I'm building a web application that uses bitcoind's accounts to track user balances. My dev env is currently in regtest mode. I am working on calculating the network transaction fee prior to creating ...
2
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1answer
117 views

Why does Bitcoin charge per transaction?

The first time I heard about Bitcoin, someone told me that it's almost free to transfer bitcoins to other people. However, I found something called "cost per transaction." Why does the Bitcoin network ...
3
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2answers
221 views

Why do transactions with lower input age require higher fees?

I am trying to understand how bitcoin fees work. I have understood well why transaction with many inputs require higher fees but I can't figure out why transaction spending virgin bitcoins would ...
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1answer
101 views

Blockchain.info automatic transaction

On Sep 17 I wanted to transfer 0.001 BTC from one Blockchain.info account (bitcoin address 1BFFtYPgtaZUHujDqiehqSseZvuUzJQxki) to another Blockchain.info account (bitcoin address ...
3
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1answer
37 views

What did Gavin mean when said minimum fees would be automatically suggested?

From the release notes of the Bitcoin version that introduced minimum transaction fees: ... note that we intend to replace the hard-coded fees with code that automatically calculates and suggests ...
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0answers
60 views

Predict multi signature transaction size

I was looking for answer everywhere. Basically is there any way of calculate multi-sig transaction size when the transaction is creating, before the signing procedure? I was trying to find any pattern ...
3
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1answer
155 views

How long does it take for a transaction with 0 fees to be confirmed or rejected?

I have a problem with a transaction that has 0 btc fees: https://blockchain.info/tx/256301465d77affb6bc7087432a9130db48dd64efa28b0460fb674eda704f382 From what I understand, eventually this ...
0
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0answers
11 views

When purchasing an alias or updating account info, why does the transaction fee goto the NXT genesis account?

I thought NXT forgers (miners) were collecting the transaction fees whenever there was a nxt transaction. I looked at the blockchain and it seems that every time an alias was purchased or an account ...
0
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1answer
45 views

How many transactions in One Block?

Block is collection of transactions.Who can decide Number of transactions per block? and How transactions are selected in block? and How does the priority works for fee transactions? Thanks
1
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1answer
42 views

How does a miner collects the fees?

The way I understand it, at the very top of the block the miner adds a transaction to collect the 25 bitcoins it would earn if it solves the block. Obviously that transaction is included in the ...
13
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3answers
3k views

Why does bitcoin have so many digits if I cannot move anything freely under 10000 satoshi?

So I have a wallet which has a balance of BTC 0.00005493. Even when trying to send these last bitcoin with a custom tx fee (1000 satoshi vs. the recommended 10000) Blockchain.info gives an error ...
4
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1answer
102 views

Why is a minimum transaction fee for 0.01 BTC *sometimes* enforced

I have read Why would Bitcoin-QT attempt to charge a processing fee, when I have my transaction fees set to zero? but I still have a question. I am sending 0.01 BTC from my wallet to my Ethereum ...
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1answer
108 views

Frequency of earning a bitcoin transaction

I'm running bitcoinQT on a dedicated server with a good connection ( although, only a modest cpu ). Assuming I have bitcoinQT running 24/7 how often would I expect to earn bitcoin transaction fees ( ...
-1
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1answer
27 views

Harvesting transaction fees

So let's assume I don't care about energy consumption and mining the famous reward for discovered block. Is it possible to set up a workstation optimized to harvest just the transaction fees? Do I ...
1
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1answer
67 views

Minimum tx amount where amount = fee

What is the absolute minimum amount which when transferred over a tx its value equals the tx's suggested fee? Is it the dust amount of 0.00005430 BTC? How is this value affected when that amount is ...
0
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0answers
39 views

How can I fix a low miner fee due to errors?

I made a transaction a while back not thinking at the time give a very low miners fee (1 satoshi) and it's been a while since I sent it and it's still not confirmed and I started looking around. I ...
4
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1answer
51 views

Is there someway to determine the current network fee from the bitcoin network/daemon?

Is there some way to programmatically extract the current consensus of the transaction fee from the bitcoin network, either by using the daemon or through some other means?
2
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1answer
54 views

Where do transaction fees go in block #163368

The reward of the Coinbase TX is only 50 BTC not including transaction fees. So who owned these fees?
4
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2answers
105 views

Could any standard fee transaction be double spent by using a higher fee?

I realize that if somebody makes a transaction without any fees and there have not yet been any confirmations, then the transaction could be double spent by just spending the same inputs to a ...
0
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0answers
51 views

Calculation for transaction input-output balling:

To roughly calculate transaction send size in bytes we do: ((numberOfInputs*148)+(numberOfOutputs*34)+10) We want to make a transaction using two inputs of 0.01BTC (Amount to send = 0.015BTC, ...
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1answer
49 views

Can you create a bitcoin transaction where you specify the miner?

I want to be able to specify which bitcoin miner receives the fee. Is that even possible?
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1answer
288 views

How long would it take for a transaction with 0 fees to be confirmed six times?

I thought my wallet would ask me for a tx fee, as it always does, it just sent the amount without any tx fee at all. Now it seems to be stuck in some sort of bitcoin limbo. It's been two hours now, ...
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1answer
70 views

Help me work out a transaction fee

I am having difficulty working out how to work out a transaction fee. I've read the theory, but don't understand how to get the values to put the theory to practice. Can someone please help me work ...
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1answer
208 views

Calculate tx fees before sending with sendtoaddress

I see this question time and time again, but I only find answers for calculating the fees in creating raw transactions. I am using sendtoaddress and would like to be able to calculate the tx fee ...
2
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1answer
74 views

Transaction Fees

Good morning, I was reading the wiki on transaction fees and it says a transaction of < 1000 bytes is sent without fees. Although after stumbling in bitxoinsfees i read that If this size is ...
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1answer
228 views

How the arbitrage works?

How the arbitrage works, Is transaction fee is included for calculating arbitrage across exchanges, cryptocoincharts seems to render incorrect values, Any other arbitrage available at open source? ...
1
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1answer
66 views

moving money without fees

what's the best way to move money within your own wallet between your own accounts and/or addresses without incurring fees? setaccount Sets the account associated with the given address. ...
2
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1answer
127 views

Poloniex BTC withdrawal sent with 0 transaction fee, anything I can do? [duplicate]

I withdrew 3.6 BTC from Poloniex today, but they made the withdrawal transaction without any transaction fee, basically now God knows when it will get to me (basically total loss in day-trading, will ...
3
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1answer
216 views

Did I pay a fee to transfer from Coinbase to Blockchain?

I recently transferred from Coinbase to my Blockchain wallet. At the time and in my transaction summary it shows a fee of .0002 . However I still have the same amount I started with. Who paid this ...
1
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1answer
63 views

Who do i see the commissions taken by miners? [duplicate]

I'm a bit confused by the commissions. My understanding is there should be none in Bitcoin. But a friend of mine told me miners get a cut. What does this mean? I want to learn how much commission I ...
4
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3answers
284 views

1,500% transaction fee and 3,5 months to confirm?

So my service is skimming a tiny 0,001% (1/1,000) fee off every payment that gets through it. Most of the transactions are actually micro-payments so there are thousands of tiny unspent outputs ...
-2
votes
1answer
40 views

How to calculate fees for one transaction splitted to many

I have huge problem which I can't handle with. I'br read many articles about fees and still I don't know how can I solve my problem. Maybe I will show you in an example: user A creates a product ...
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0answers
85 views

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 ...
3
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2answers
107 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 ...
2
votes
3answers
132 views

Mining costs, impact on long term viability of BTC

Given the rapidly rising difficulty level and electricity consumption/$30 cost per transaction, is the protocol sustainable as-is, and if not what is most likely to happen in the evolution of BTC.
0
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0answers
83 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 ...
2
votes
1answer
103 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 ...
8
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2answers
227 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
63 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 ...
2
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2answers
66 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
80 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. ...
1
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1answer
179 views

Why bitcoind/bitcoin-qt is imposing transaction fee?

bitcoind is imposing a transaction fee of 0.0001 BTC forcefully even though I have set "transaction fee" to 0. Is it possible to transfer BTC to an address without paying a fee? If so, how?
0
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1answer
116 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 ...