Lets say I set a very low transaction fee for a bitcoin transaction(from one of my own wallets to another). I also have mining equipment which is mining for bitcoins. Is there anyway to get that transaction request directed towards me ? In other words can I process my own transactions by giving it priority? If so how do I do this?
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Please ask one question per post; otherwise it gets very hard to keep straight what is answered and what hasn't. I'm going to take the liberty of commenting out your second question; feel free to ask a new question with it. You can get the text by viewing the edit history. – Nate Eldredge Oct 15 '17 at 19:54
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While you can prioritize your own transaction, it won't do much good, unless you're in control of a large hash pool. The probability of a single user ever completing a block specifically crafted with their own transaction is extremely small. It is better to just pay a reasonable transaction fee. – abelenky Oct 15 '17 at 23:58
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If I want to send 10USD worth of bitcoins, I have to pay 6USD as fees? – ROn SC Oct 16 '17 at 13:15
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Yes, you can. This is the exact purpose of the RPC command prioritisetransaction.
answered Oct 15 '17 at 19:56
