Questions tagged [transaction-fees]

Transaction fees are paid to miners by the sender of a transaction. This money rewards miners for the work they do in putting transactions into a specific order and adding them to new blocks to be added to the list of transactions known as the blockchain.

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Is it possible for the commit and reveal transaction to be on the same block?

I'm new to the inscribing process and I noticed there were two transactions required for inscribing. Is it possible to have these on the same block? or is there a way to control the tx fee on the ...
tansan's user avatar
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Is ByteTrust and legit company [duplicate]

I would like to know if ByteTrust is legit! I have ask for a withdrawal from my account since 01/05/2024. First they ask for a deposit of 20% of the total sum (which I submitted) in order to take the ...
chino's user avatar
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3 votes
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Is it even possible to spend a stash of 1-sat UTXOs?

In terms of UTXO management, I have the following extreme example to illustrate my question. Let's say I have 1 BTC with 100 million UTXOs of 1 sat each (or even 10 million UTXOs with 10 sats each). ...
Leo's user avatar
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RoboSats without any BTC to start with?

I want to buy BTC without KYC. Therefore I want to use RoboSats. However, RS charge a small fee (to be paid in sats) for each order. Since I don't have BTC to begin with, I cannot pay the fee. Is ...
Thomas's user avatar
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What determines the order of transactions in a block?

I've been looking at the live mempool on mempool.space, and while most transactions are sorted in order of highest sat/vB to lowest, I've noticed some that standout with extremely high sat/vB but are ...
Blank Dev's user avatar
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Mempool not accepting transactions: 'reject-reason': 'insufficient fee'

I'm using Bitcoin Core, and for some reason, it doesn't want to accept transactions when I already have other transactions in the mempool, even if those transactions are using different UTxOs and they ...
Nahum Maurice's user avatar
1 vote
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will bitcoind accept, hold, and rebroadcast a 1 sat/vbyte raw transaction via the RPC for a local wallet that won't fit in the mempool when submitted?

The questions What if the mempool exceeds 300 MB? , Does my node rebroadcast its mempool transactions on startup? , Why rebroadcasting transactions in the Bitcoin Core? , and rebroadcast unconfirmed ...
user1748155's user avatar
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What happened to this Bitcoin transaction? Block fee lost?

I'm writing a bitcoin blockchain indexer. I've indexed every block hash and now I'm working on indexing each transaction in each block. I've been finding some weird stuff here and there and I don't ...
user2880722's user avatar
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Why after 5 fays my transaction status is STILL PENDING?I choose the lowest fee for BitCoins transaction that Atomic cryptowallet offers. Why after [duplicate]

Can someone help me, maube just with an answer? I wanted to transfer approx. 30€ of 0.00068911 BITCOINS. And in ATOMIC CRYPTOWALLET you can chose whatever fee for speednof transaction you want, so I ...
Peter Željko's user avatar
3 votes
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On average what percentage of the total block reward comes from transaction fees?

Question Hello. At the time of this question the reward per block is 6.25 bitcoins. But if I understand correctly that does not include transaction fees. On average, in addition to the 6.25 bitcoins, ...
Usman Mutawakil's user avatar
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2 answers
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What's the difference between sats/byte and BTC/kB?

Bitcoin Core displays the fee in a unit of BTC per kilobyte, at least for now. However, block explorers are showing the fee in sats/byte. How do I convert between the two units?
Zenul_Abidin's user avatar
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Create transaction and so on

Please explain to me what should be the procedure for working with a bitcoin-cli / RPC wallet. For example: Create a wallet Get a new address Sending BTC: creating a transaction, signing a ...
Valentin Borisenko's user avatar
2 votes
1 answer
274 views

Why does Bitcoin Core's `estimatesmartfee` return a higher feerate than necessary?

For past ~36 hours, the fees returned from bitcoind are very high compared to the fees returned by other estimators, for instance the mempool.space explorer. It is also much higher than the feerate of ...
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Hello, I want to know if they use blockchain and if I have to pay any transaction fees

yesterday I made a bitcoin transaction and they did not receive the full money and I was checking what it could have been and I think it was the blockchain and I have several doubts about that, can ...
user147414's user avatar
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Getting a feerate estimate via the Electrum protocol

For example, I make this request to the Electrum server: { "id": 0, "method": "blockchain.estimatefee", "params": [ 1 ] } and get response: 0.00254405 Here I ...
Fernader's user avatar
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I messed up? Am I saddled with a $2000 tx fee?

I have 5 hosted ASIC miners mining bitcoin. For about 2 years, these miners have generated about .001 bitcoin a day and everyday I have that amount sent to my ledger hardware wallet. So there are ...
Alpha Byte's user avatar
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Fragmentation of UTXOs?

Every Bitcoin transaction results in a transaction split, as we know: a) receiving amount and b) transaction fee. Transaction fees are usually a few thousand satoshis. Then there's c) the 'change' ...
richey's user avatar
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How to decide on custom network fee?

I'm slightly stuck. I hadn't bought any BTC since Oct 2023 and so didn't notice that the network fees had got so high so now I have some BTC on an exchange and I'll have to pay £20 or so to send it to ...
Cromulent's user avatar
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What is Accelerated fee rate?

Looking at this transaction, mempool.space says that it has fee rate of 1.01 sat/vB but its Accelerated fee rate is 446 sat/VB. Until now, I have come across the term Effective fee rate which ...
LeaBit's user avatar
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What is fee sniping?

What is a fee sniping attack? In several places I came across a mention of this type of attack, however, it is not clear to me what it represents. They also say that today it is not so common and ...
LeaBit's user avatar
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How to get transaction fee info using Python from an Electrum server?

I can get a raw transaction and parse it using electrum and bitcoinlib fairly easily: import bitcoinlib from electrum.daemon import Daemon from electrum.simple_config import SimpleConfig class ...
moblie's user avatar
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Setting high tx fees (paytxfee, maxtxfee,..)

I am building different tx types on regtest and don't want to care about tx fees. Here is my bitcoin.config fallbackfee=100000 paytxfee=100000 maxtxfee=100000 mintxfee=0.1 maxfeerate=100000 I have set ...
Pawel's user avatar
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How can I cheaply consolidate P2PKH outputs?

I have thousands of UTXOs that were created for experimental purposes back in 2016, programmatically, using P2PKH transactions, each generating hundreds of 10K-ish sat outputs. Since these are now ...
nakwa's user avatar
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Paper Wallet: can I use the import option in my case?

I have created a paper wallet and I generated the public/private keys with Ubuntu live + Electrum. Now I have 2 questions: In this case, can I IMPORT ( instead of SWEEP ) my keys in electrum and ...
xRobot's user avatar
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Network fee more than transaction?

I sent 0.0005 btc to my wallet. Bittrex took 0.0003 btc fee. In my wallet it says 0.0005btc ,18 usd. Then it says 0.002btc network fee, 92usd. But i still have the 0.0005 btc in my wallet. Who pays ...
confused btc's user avatar
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2 answers
56 views

Is there an incentive to broadcast high fee transactions?

The way I see it there's no incentive for miners to broadcast high fee transactions they receive. They are more incentivized to keep these high-fee transactions to themselves until they can mine them ...
Amin Bashiri's user avatar
1 vote
1 answer
110 views

How bitcoin node selects the output unspent transactions when sending bitcoin?

please help me understand the algorithm for selecting UTXO when forming a new transaction in Bitcoin. For example, my wallet has a lot of incoming transactions (thousands of transactions in amounts of ...
Ketut Bakle's user avatar
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64 views

Determine the amount to pay to send bitcoin from lnd (lightning network) to on-chain address

I am currently working on a project that requires multiple users using lightning network to generate and pay invoices through my website but I want to be able to calculate each user's transaction fee ...
Topman's user avatar
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What if I don't send back the remaining satoshis to myself?

I'm trying to send a tx request to bitcoin node to make a transaction. All tutorials send back the remaining satoshis to themselves. What if I don't do that and don't send remaining satoshis to myself?...
Monte Conte's user avatar
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Sender spent threefold to send me $5 worth of BTC via Coinbase - why?

A customer was to send me $5 worth of BTC via Coinbase, and I've received exactly that amount, but the customer has complained of sending more in "fees", as they've put it. They've also ...
lefevre's user avatar
6 votes
2 answers
879 views

How can the next block fee be less than the mempool purging fee rate?

Over the weekend, the Bitcoin mempool size exceeded the default 300mb limit and was purging transactions. Most transactions in the mempool consisted of these large batches/consolidations at ~1.5sat/vb....
Steven's user avatar
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2 votes
1 answer
136 views

Estimating virtual bytes of a transaction seems circular

I'm sorry if this has been answered before, but I haven't found anyone really bring this up. I am trying to construct a PSBT, which assumes a fixed feerate and a fixed amount to send to some address. ...
Sherwin Li's user avatar
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1 answer
68 views

what are the future projections for fees per byte in satoshis if BTC becomes the global settlement layer? [closed]

What are the future projections for fees per byte in satoshis if the BTC becomes the global settlement layer? and is this number increasing over time as the block subsidies are decreasing and what are ...
Mr_leighman's user avatar
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1 answer
88 views

If miners are paid when they solve a block, how can a miner who is not in a pool make less than the block reward?

I have heard of miners making much less than the block reward and I had assumed they were being paid also for processing transactions which would be potentially many small amounts. However, if these ...
releseabe's user avatar
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0 votes
1 answer
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What is the way that fee is calculated in post-segwit bitcoin?

In pre-segwit bitcoin, process of calculating transaction fee was easy. Actually everything was based on the fact that the byte has its own value/price (estimated by network) and then fee is obtained ...
dassd's user avatar
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2 votes
1 answer
67 views

Would it be feasible to time channel rebalancing by watching miner fees?

Is there a way to monitor Bitcoin miners’ fees so one would could calculate the optimum time to perform a circular re-balance thereby minimizing the fees charged?
Orange_Bitcoin's user avatar
2 votes
0 answers
1k views

How can I raise the fee of a transaction in Bitcoin Wallet App?

I am using the Bitcoin wallet app from bitcoinj.org. I sent a payment with a low fee so it's been pending for 8 days. I wrote the developers and they only replied with auto. Beneath is what I got: Q: ...
Betty's user avatar
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0 answers
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Unconfirmed bitcoins deposit from online casion. they paid a fee of 1.82 on a 4k withdrawal.. what do I do? [duplicate]

I made a bitcoin withdrawal from a online casino of $4000. They sent me the payment but it won't confirm. I see they payed a fee of $1.82 so I'm sure thats why it hasnt confirmed yet but Its been a ...
That one dude's user avatar
2 votes
2 answers
307 views

Missing transactions from full node

I am running a full node (bitcoin-core) that connects to the peers network. I am also running and SPV node with a wallet (bcoin). I have made 2 different send transaction from the SPV wallet with very ...
stopiky's user avatar
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1 vote
1 answer
993 views

How would I go about consolidating my UTXOs from DCA? [duplicate]

In the past one and half year, I've amassed a collection of 18 Unspent Transaction Outputs (UTXOs) through dollar cost averaging every month. Now, I hope to optimize these UTXOs by merging them into ...
Mani T's user avatar
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1 vote
1 answer
136 views

How to properly calculate fee for RBF transaction?

Suppose I just sent Tx1, which has length of 200 bytes and fee rate of 10 satoshi/byte, totaling fee 0.00002 BTC. Now I replace it with Tx2 that has the same count of inputs and outputs, and also has ...
John Smith's user avatar
0 votes
1 answer
287 views

Understanding fee calculation in Bitcoin Core

In the following post Calculating fee based on fee rate for bitcoin transaction the respondent describes how the fees can be calculated. Since your transaction building starts with a known target ...
yancy's user avatar
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0 answers
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I want to link my Eastman Credit Union Checking account to my bitcoin wallet, pay the conversionr fee,to get my cripto being sent to my wallet

I want to link my Eastman Credit Union Checking account to my bitcoin wallet, pay the conversionr fee 0f $76,so I can get my criptocururency funds transfered to from my Bitcoin Wallet. Then I can send ...
Howard Rollins III Professor R's user avatar
0 votes
1 answer
108 views

How Can I find sat/vb of a given Txid using bitcoin-cli

I want to find the sat/vb of a tx in a mempool. I am using bitcoin-cli to do this. cmd = ['bitcoin-cli', 'getrawtransaction', txid, "true"] This is the command that I extrect the info of the ...
Gencehan ARPAÇAY's user avatar
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0 answers
32 views

Can any one tell me is this a scammer they told me to pay 80 dolar [duplicate]

They told me to pay 80 dolar to activate is this a scammer
Pheona q's user avatar
0 votes
1 answer
95 views

Is It normal for a transaction fee to be 235% higher than the amount being sent?

I had 2 transactions for the same amount of 0.0021 btc sent out to two different btc addresses and the transaction fees were 0.0048 btc for each of the transactions. Is this normal? Is there any way ...
user138351's user avatar
1 vote
0 answers
149 views

How to get transaction size as byte before send with Python's bit library?

I am using bit library to make a Bitcoin transaction. I can use methods like this: key.create_transaction([('1Archive1n2C579dMsAu3iC6tWzuQJz8dN', 190, 'jpy')]) or key.send([('...
reza_khalafi's user avatar
1 vote
1 answer
60 views

What type of transaction is this with multiple senders and which sender pays the fee?

What type of transaction is this https://blockchair.com/bitcoin/transaction/db9342a6924722818555e8ee30a3bf96d43aa2bdc66644f8ccb9b04a12bc2535 that has multiple senders and which of those senders pays ...
Gecko's user avatar
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1 vote
1 answer
51 views

How to build a raw signed transaction with a FIXED fee? [duplicate]

I was wondering how can we build a transaction with a fixed amount of fees already FIXED. Let's have this configuration 2 Inputs (X:0 = 520 BTC, X:1 = 102 BTC) => 1 RECEIVER (+510 BTC) Fees are: 0....
Loopite's user avatar
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6 votes
1 answer
529 views

When was first bitcoin transaction with fees?

This is history question, but one with clear answer. I would like to know when(txid) was first transaction with fees ? From my understanding in beginning there was more space than transaction so there ...
WebOrCode's user avatar
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