Tagged Questions

Related to transaction fees in the Bitcoin network.

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1
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1answer
24 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
votes
1answer
98 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
votes
2answers
209 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 ...
0
votes
1answer
63 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
votes
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 ...
1
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0answers
49 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
votes
1answer
104 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
votes
0answers
6 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
38 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
0
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1answer
38 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
votes
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
votes
1answer
78 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 ...
1
vote
1answer
106 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
votes
1answer
26 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
vote
1answer
59 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
votes
0answers
37 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 ...
2
votes
1answer
36 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
votes
1answer
53 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
votes
2answers
88 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
votes
0answers
43 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, ...
0
votes
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?
1
vote
1answer
132 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, ...
1
vote
1answer
67 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 ...
1
vote
1answer
151 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
votes
1answer
70 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 ...
-2
votes
1answer
196 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
vote
1answer
63 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
votes
1answer
100 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
votes
1answer
158 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
vote
1answer
61 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
votes
2answers
253 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
38 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 ...
1
vote
0answers
65 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
votes
2answers
92 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
122 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
votes
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
96 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
votes
2answers
206 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? ...
1
vote
1answer
61 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
votes
2answers
63 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?
1
vote
1answer
79 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
vote
1answer
156 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
votes
1answer
112 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 ...
5
votes
1answer
130 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 ...
2
votes
1answer
51 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 ...
1
vote
1answer
282 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 ...
0
votes
1answer
59 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 ...
0
votes
1answer
31 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 ...
-1
votes
1answer
74 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 ...
1
vote
1answer
59 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 ...