Related to transaction fees in the Bitcoin network.

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Cheapest way to move money from MultiBit to Coinbase

After the launch of MultiBit HD, I decided to move from MultiBit to Coinbase. What is the cheapest way to transfer all my money from one wallet to another? Can I somehow export/import my key/wallet ...
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2answers
102 views

Sending funds on same block of received funds. Confirm sending not received?

My question in quite conceptual: For creating a raw transaction, I just need the txid from the older transaction and the address to send it. Put the funds, the change, what's left is the fee. Sign it ...
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1answer
53 views

What happens to price when the block reward is gone completely?

What will happen, specifically to the price of Bitcoin and transaction fees when the block reward drops to a negligible amount? Today, each block reward is approximately worth 25 * $300 = $7,500. To ...
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0answers
24 views

How does Bitcoin Core sort memory pool transactions by fee?

I'm trying to understand the algorithm Bitcoin Core uses to sort memory pool transactions by fee. Gavin's fee rework proposal states: Next, sort all remaining memory pool transactions by ...
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2answers
92 views

Can someone outline the full pros/cons of the various Replace-By-Fee proposals?

I've done some research myself, but I find that I'm either biased myself, or my sources themselves are biased. Does anyone have an objective analysis of the various proposals and their ...
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38 views

Can the fee produced by estimatefee be artificially manipulated?

Could a miner who wanted more transaction fees manipulate the fee produced by estimatefee? If so, what percentage of hashpower would it take, and how long would you need it?
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36 views

Minimum Tranasction Fees

At current exchange rates, it looks like the standard transaction fee is on the order of tens of cents (USD). Inclusion of the standard transaction fee means getting the transaction picked up within ...
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1answer
40 views

Why P2Pool fails to attract more users and other pools surpassed it?

Some people say that mining pool are going to violate the distributed principle of Bitcoin and make it more centralize. So why totally distributed pools such as P2Pool have not attract more users? I ...
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2answers
112 views

Who pays the fees for transactions initiated by a smart contract in Ethereum?

I am wondering who pays the fees for transactions initiated by a smart contract in Ethereum? For example, if I have a contract that simply forwards any payment made into it to someone else, does the ...
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0answers
41 views

How can a miner choose which transaction to include in the next block?

This question is not a duplicate of Can miners choose which transactions to mine? Everybody seems to agree on the fact that miners can select which transactions they are mining. But I can't find a ...
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1answer
43 views

Estimatefee value not corresponding to actual fee

When I call estimatefee 1 in testnet it returns: 0.00044444 Then when I call sendtoaddress xxxxxx 0,1 (which got the first confirmation within a couple of minutes after sending) I see that the fee ...
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97 views

How to pay no fees?

Is there any API where I can create some addresses and making a transaction beetween them just once a month without paying fees? Or if you can recommend me somewhere with a fee under 5000 satoshis it ...
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how to calculate transaction bytes of a x BTC? x=0.2

i have read : How to calculate transaction size before sending but i will not understand what are in and out. as describe in this link in=40 and out=16 what does it mean??? i will send only one ...
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what is the transaction fee 1BTC of 0.2BTC? [duplicate]

i have 1 BTC. i want to send 0.2 BTC to other address. what is the transaction fee for that? can any one explain the transaction fee of 0.2 BTC?
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1answer
57 views

Using bitcore to create a transaction with two addresses and change address

I'm playing around with bitcore transactions and multi-sig transactions and was wondering how to send a transaction to more than one address, and keep the change. Currently when I try to send the ...
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2answers
34 views

Is it possible/feasible to send out large amounts of small transactions without paying fees?

How long would it take to process 1000 transactions from the same wallet, with outputs ranging from 100 bits to 1000 bits and no transaction fees for any of them? How about if 1000 of these ...
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1answer
45 views

How to calculate the transaction size from the signed hex encoded?

Suppose I have a signed hex encoded transaction (as returned by RPC call signrawtransaction), how to get the size, in bytes, for purpuses of calculating if included transaction fee is acceptable by ...
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1answer
59 views

When / how frequently do miners get paid for transaction fees? [duplicate]

When or how frequently do miners get paid for transaction fees?
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1answer
59 views

Bitcoind doesn't add miner fee

How do I make sure bitcoind's RPC call sendtoaddress adds miner fees to transactions? Tried adding to our bitcoin.conf file: mintxfee=0.0001 But some of the transactions still won't get any miner ...
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47 views

How much is known about mining pools' transaction fee policies?

We know that as of today in Bitcoin Core v0.10.0, the default value of minrelaytxfee is 1000 satoshis, and CreateNewBlock in miner.cpp uses this value as the minimum fee rate threshold in order for a ...
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1answer
147 views

Clarification of Tx Fees settings in Bitcoincore 0.10

I'm looking for clarification of the new Tx priority and Tx Fees settings (eg fee per kB in the 0.10 version of Bitcoincore. Is the 0.0001 BTC fee deprecated? Why the move towards variable Tx fees?
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3answers
147 views

Are the huge transaction fees mostly mistakes or some other market indicator?

I am trying to understand why there are numerous days in Bitcoin's history that show huge transaction spikes. See this blockchain.info chart. The Jan 10th, 2012 spike is due to a mistake by this ...
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1answer
44 views

Can a blocksize limit be a sustainable way to introduce scarcity?

Some people feel that it will be important in the future to introduce some scarcity into the mining market by having a block size limit. The idea is that this will force transactors to bid up ...
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2answers
62 views

What if you're not given an option for a transaction fee?

I purchased some Bitcoin through a local bitcoin ATM. When I purchased the Bitcoins I was not given an option to ad a transaction fee and currently it sits unconfirmed. I also have a app on my iPhone ...
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318 views

How do miners receive transaction fees?

I know that in a transaction, the difference between the amount and the sum of the outputs is the implicit transaction fee, but how do the miners that verify the block containing that transaction ...
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1answer
170 views

Is there an easy way to consolidate Dust Microtransactions

I just found out today that all those websites I go to to earn like .0000087 for clicking around here and there have now in a way corrupted my wallet as yesterday I deposited 50$ into my wallet and ...
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1answer
117 views

Transaction input bigger than output

Yesterday I made a transaction from my one btc address to another by using pybitcointools library for blockchain api. I made a mistake by making input value 10x times higher than output value. So I ...
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1answer
71 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 ...
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1answer
365 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
77 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 ...
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1answer
114 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 ...
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1answer
99 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 ...
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1answer
348 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
102 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 ...
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1answer
69 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 ...
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1answer
132 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 ...
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2answers
263 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
229 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 ...
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1answer
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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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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 ...
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1answer
1k 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 ...
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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 ...
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137 views

How many transactions in One Block? [duplicate]

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
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1answer
52 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 ...
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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 ...
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1answer
155 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
112 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 ( ...
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1answer
30 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 ...
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1answer
93 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 ...
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62 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?