Related to transaction fees in the Bitcoin network.
4
votes
1answer
53 views
How to take advantage of the free transaction relay policy?
I have about 0.027 BTC total, spread over 272 transactions.
Was going to send them to someone, and then the transaction fees hit me: 0.0245 BTC. This agrees with the answer to this question -- (272 ...
0
votes
0answers
48 views
blockchain.info iPhone wallet app sends without transaction fee
I recently sent some bitcoin to a friend using the blockchain.info iPhone app and it sent it with 0 transaction fees. As a result it caused an awkward situation as my friend was watching block after ...
3
votes
3answers
79 views
How much do nodes get from blocks, including fees?
I am trying to evaluate how much one could earn as pool owner/solo miner if bitcoin really appreciates in price. To get a number i try to get a figure how much one mined block generates in for example ...
-1
votes
0answers
29 views
Has anyone used Buybitcoinaustralia.com? [closed]
I am relativity new to bit coins. I have used spendbitcoins.com before but today I found a site buybitcoinaustralia.com. They have the cheapest fee I have seen around and claim that I can do the whole ...
0
votes
0answers
41 views
in Bitcoin-Qt are low-priority transactions chosen to be included in a block based on total fee or fee per kB?
The block size is limited, and the miner has to choose which transactions to include in it, which is done based on fees.
In https://en.bitcoin.it/wiki/Transaction_fees#Including_in_Blocks it says:
...
0
votes
1answer
125 views
I've sent a small low priority transaction with insufficient fee with blockchain.info wallet, what will happen next?
I've sent a transaction which has a <0.01 BTC output, with zero fee using blockchain.info Android client. It is not being relayed (violating memory pool rules of bitcoind). What can I do to recover ...
-1
votes
0answers
184 views
p2pool transaction fees
When I start my p2pool, I use address XYZ as my payout address. I discovered that by starting CGMiner with the username as a valid payout address ABC, that the payments now go to ABC instead of XYZ. ...
2
votes
1answer
98 views
How are Ripple transaction fees “destroyed?”
What is the exact process by which the transaction fees are "destroyed?" Are they sent to a special account, or simply erased from the ledger?
3
votes
1answer
1k views
Around EUR 40 to withdraw from MtGox?
I just withdrew around EUR 940 from my MtGox account and transferred it to an account in a European bank that does not charge anything for incoming international transfers.
MtGox charged me a bit ...
0
votes
1answer
57 views
In which output (0 or 1) a transaction fee is included?
I need to know, if I have to pay a transaction fee, in which output of the transaction the fee is included? is it output 0 or output 1?
I suppose that normally there is only 2 outputs for a ...
4
votes
1answer
313 views
Does the Bitcoin Qt client have a minimum transaction fee?
I'm trying to transfer all of my 0.1 BTC located in one wallet to another wallet. I don't care how long it takes to finish, so I'd rather send it without paying any transaction fee. I'm new to this, ...
4
votes
2answers
542 views
Who gets BitCoin transaction fees
Whenever I send BitCoins from one wallet or one exchange to the next there is always a fee... it makes sense with the exchange sites, they are just collecting the fee so they can make a living... what ...
5
votes
2answers
312 views
Is it possible for the miners to collude to blackmail a single wealthy address?
Imagine if a few miners who together control more than 50% of the network hash power decided to charge higher transaction fees just for addresses containing really large sums.
For example, this ...
2
votes
1answer
125 views
Why do mining pools refuse “spammy” transactions when there are transaction fees already?
So I stumbled over a problem with some non relayed transactions. A helpful user was finally able to point out that some services (Satoshi Dice) that accept BTCs are regarded as a nuisance by mining ...
0
votes
1answer
93 views
What are the reasons behind pool transactions fees and what are the consequences?
Few days ago I have read this.
For people who are too busy I will try to explain what is written there (this is my understanding which might be wrong, so if you think that it is incorrect, please ...
2
votes
1answer
299 views
LTC transaction fees and p2pool
I'm experimenting with LTC p2pool mining. However, it generates lots of micropayments (0.02 LTC). Such small payments generate big transaction fees (in latest litecoin-qt from github). Example: 0.6 ...
1
vote
2answers
138 views
Could miners create a cartel to raise transaction fees?
could miners with enough mining powers (so that they mine say >95% of all blocks) form a cartel where they demand absurdly high transaction fees? Of course, I still could could hope for a miner not in ...
-1
votes
1answer
243 views
“Free Bitcoins” usless due to high fees
Are the various services that give out “free Bitcoins” really giving out air? The amounts are tiny and the transaction fee is way higher due to all the tiny transactions.
Take Bitvisitor as an ...
2
votes
1answer
427 views
Why is my transaction not getting confirmed and what can I do about it?
I sent around 12 BTC from my Blockchain.info wallet to my LocalBitcoins account. They are showing at LocalBitcoins as an unconfirmed transaction. I have the fee setting at BlockChain.info set at the ...
-3
votes
3answers
181 views
How can market-based transaction fees scale?
Can someone please explain to me what I am missing?
I don't see how variable, market-based transaction fees can scale. I go to a merchant's website to buy, how do I select a mining peer to pay ...
7
votes
2answers
407 views
Getting GBP back from Bitcoin?
I have a handful of BTC that thanks to the recent interest are now worth me trying to get back into GBP that I can spend. I've done a little research, but the only methods of converting my BTC into ...
7
votes
2answers
384 views
How old should be my bitcoins to send them again without transaction fee?
I'm making some test for a bitcoin merchant webpage. I want to test different actions without paying transaction fees everytime, but I can't since I use the same few bitcoins for everything.
Sooo how ...
7
votes
0answers
160 views
Are there any pools or large miners running “child pays for parent” patch?
A feature available through pull #1647 gives the recipient of a transaction a method to help get a transaction to confirm.
This feature is called "child pays for parent", and what it means is that ...
5
votes
2answers
144 views
How can I cancel and replace a Transaction that never gets confirmed?
According this this WikiPage, a MultiSigTransaction that doesn't include a fee may never get included in a block.
Since I've read that replacing Transactions (by version number or any other feature) ...
2
votes
1answer
212 views
How does the bitcoin transaction fee be calculated? And who guide this?
https://en.bitcoin.it/wiki/Transaction_fees
I learned that the transaction fees is given by sender to bitcoin miners to ensure that this transaction be confirmed.
But I notice that, in most ...
0
votes
1answer
68 views
Fee height vs. TX value - limit?
Is there a particular reason fees higher than the transaction volume are allowed?
What about imposing this:
Smallest output must be at least 10 times the fee.
Might reduce Spamdice transactions ...
4
votes
2answers
68 views
Is it possible to increase the transaction fee of a sent transaction not yet in a block?
Is it possible to increase transaction fee of a transaction that is already sent and seems stuck?
3
votes
1answer
153 views
When a mining pool pays out to the workers, why does it not just cache the transaction and then pay zero fees on its next successful block?
So I think the question is summarized in the title .. If you had a mining pool that was generating a few blocks per week, then why not just cache all the payout transactions (if the clients were happy ...
4
votes
1answer
789 views
How Ripple is different from Bitcoin and other crypto-currencies? [duplicate]
How Ripple is different from bitcoin and other crypto-currencies? What does Ripple do that is different from bitcoin?
Riple and Bitcoin are two different implementation of p2p currency and fund ...
4
votes
1answer
178 views
What methods are available for me to accept bitcoins for payment?
I'm curious about offering Bitcoin payment instead of PayPal (for all the usual reasons for disliking PayPal). Is this realistic, or is my understanding of how Bitcoins can be used off?
My customers ...
3
votes
1answer
147 views
Why does my client not show funds that were sent to me?
Quick question regarding a transaction that I am having an issue with, about a week ago I bought some BTC with MtGox, however when I withdrew the BTC I opted not to pay the fee. One week later I am ...
2
votes
1answer
209 views
What block had the most transaction fees? Why?
What block had the most transaction fees? Why? How big can transactions be? What's the largest transaction (size, in bytes)?
1
vote
1answer
220 views
Publicly destroying bitcoins by setting high transaction fees
I’ve been thinking about a system that allows you to publicly destroy bitcoins to let people build networks with some protection against Sybil attacks other than the difficulty of getting IPv4 ...
3
votes
1answer
318 views
Calculator for estimated TX-Fees
First of all, this refers to
How to calculate transaction size before sending
What is the exact formula for calculating transaction fees?
I want to estimate the TX-Fee I would have to pay in a ...
3
votes
1answer
172 views
How to best explain these transaction fee spikes?
How to best explain these transaction fee spikes?
Are these spikes actually transaction fees or accidentally taken as transaction fees because remaining amount not credited back to sending address ...
1
vote
1answer
135 views
How can I determine the number of confirmations of a transaction and its fee using the Blockchain.info DATA API?
I was wondering if I could know, by using the BlockChain.info DATA API (https://blockchain.info/api/blockchain_api) if any given transaction has confirmations and has payed the miner's fee.
7
votes
2answers
344 views
How do miners select which transactions to include in a block
Where and how (if you are mining on your own) do you view and select which transactions to include in the block you are trying to create ?
Do you look on the blockchain ??
Is there some tool that ...
1
vote
0answers
31 views
How to send transaction in Bitcoin-Qt without transaction fee [duplicate]
Possible Duplicate:
Is there a way to not pay the transaction fees when using the standard Bitcoin client?
How do I override the transaction fee in bitcoin-qt?
4
votes
1answer
400 views
Is there a way to not pay the transaction fees when using the standard Bitcoin client?
I tried sending one satoshi (0.00000001 BTC) to one of my friend and the client always showed a dialog prompting me to pay 0.0005 BTC in fee, with the only options being OK (pay the fee) or cancel ...
1
vote
1answer
189 views
Optimizing fee payment for speed or zero fees/privacy? (Clients vs. e-wallets)
As far as I understand the more fees you pay, the faster the delivery. What I don't understand is fees are given to kilobytes of data, not amount of money.
Maybe here would come handy a little deeper ...
5
votes
1answer
185 views
Understanding speed vs. fees on various wallets, esp. Instawallet and original client
The Bitcoin Wiki don't say much about fees, more precisely if you have a choice between speed vs. fees (pay more, deliver faster).
In fact, I don't yet even have a clue how fast are bitcoin ...
0
votes
1answer
93 views
How can I create smaller transactions? Can a vanity address make things smaller?
I'm trying to understand the relationship between a vanity address and how that relates to the size of a transaction. Is there anything I can do with my public key / address
Is it possible to ...
1
vote
0answers
99 views
API: keeping account balance positive (+knowing in advance the transaction fee)
I'm using the json API. I need to keep all the account balances positive: I call getbalance first, check if it has enough bitcoins to proceed, and then move or sendfrom.
This approach causes two ...
4
votes
1answer
482 views
How can I combine all the tiny amounts I've received to minimise transaction fees, and do I need to?
Important parts in bold, for those who don't want to read the detail!
I've received lots of tiny transactions, in amounts sometimes as low as 0.000003BTC.
Even though I've also received (relatively) ...
3
votes
2answers
402 views
Are transaction fees required now? Is there any way to avoid them?
I have been using blockchain.info's my wallet to perform transactions, one of the reason I liked it was because I could choose to not pay a transaction fee. But recently I noticed blockchain.info's ...
10
votes
2answers
402 views
Why does the age of the coin in my wallet matter?
When a new transaction is made, the client seems to prefer older coins in the wallet.
What is the rationale for this? Are there any cases where it doesn't make sense to strictly collect coins by ...
2
votes
1answer
204 views
Does it make sense to “collect” smaller transactions balances into a single account during low activity?
My understanding is that it's possible for extra bitcoins to be left in several accounts within my wallet. The scattering of these coins into different accounts may cause future transactions to ...
6
votes
1answer
684 views
Why does Armory enforce a minimum transaction fee?
When I send coins using the standard bitcoin.org client I can set the transaction fee to 0. However in Armory client there is a transaction fee of .0005 and you cannot override it to less.
I was ...
5
votes
3answers
147 views
Is the current network difficulty algorithm appropriate for “Peak transaction-only mining”?
At some point in the future miners will depend more on the Tx fee than per-block payout.
Right now people turn on and off their equipment based on local trends such as price of electricity, etc. On ...
9
votes
3answers
1k views
What will happen to mining after the 20 999 999th Bitcoin?
After the 21 millionth bitcoin or 20 999 999th bitcoin is mined, what will happen to bitcoin mining? - will it just stop, or will we make a further division of the satoshi thanks to Bitcoin's infinite ...
