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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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 ...
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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 ...
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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 ...
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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?
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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: ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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
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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 ...
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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([('...
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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 ...
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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....
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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 ...
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How can I change the inputs and fee of an unconfirmed Bitcoin transaction?
I have a 3 days old unconfirmed Bitcoin transaction that has 13 inputs, 2 outputs and a low fee.
I want to remove the small value inputs because as it increases the size, it also increases the minimum ...
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Is there a limit for number of times Ordinal Inscriptions can be transferred to a new address?
Ordinal Inscriptions are typically created by making 10000-satoshi UTXOs. To transfer the Inscription to a new address (when it's sold, for example), the UTXO is spent and transaction fee is paid, ...
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Transaction fees above Transaction Value - Unsustainable long-term?
Does Bitcoin Core support that transaction fees are higher than the transaction value itself? If so, why is that?
Should there be a dust limit to cap transaction fees (I.e. max transaction value)? ...
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Does anyone know why so many burn transactions are being sent to address 1111111111111111111114oLvT2 currently?
The number of incoming transactions to 1111111111111111111114oLvT2 in the past 24 hours is enormous...
Edit: they are OP_RETURN txns, but each has two identical outputs to that burn address; I don't ...
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Stuck transaction with enough fee rate
I've sent a Bitcoin transaction using the Bitcoin Core client and later realized the fee was too low (Fee 0.00005814 BTC ~ $1.69 USD)
https://www.blockchain.com/explorer/transactions/btc/...
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Can the claim that "Bitcoin has a fee model that can be easily manipulated" be proven? If so are there any proposed solutions?
phillipma1957 claims:
Bottom line is the fee setup is subject to attack at little or no cost if any major pool gets involved in the attack.
I am a small commercial miner maybe 160kwatts of gear ...
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Unconfirmed transaction Bitcoin Core 22.0
I use Bitcoin Core 22.0. I sent a transaction.
By mistake I chose a low feerate, and now the transaction is stuck in the mempool, and who knows if anyone will notice it. In previous versions of ...
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How can I measure cost savings from consolidation transactions?
One of the techniques to save fees is doing consolidations. According to https://en.bitcoin.it/wiki/Techniques_to_reduce_transaction_fees: "if your usual target feerate during normal-priced fee ...
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What is considered witness data in SegWit?
What fields in a transaction are considered witness data? I need this to calculate the vsize for fee.
My understanding is these are marker, flag and witness (from 1 and 2).
Or is it just witness, ...
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How to calculate the purging low-fee for a node with the default mempool size?
I'm running a full node with a mempool size set to 2 GB. Default mempool size is 300 MB.
At the moment (block hight 785,095) the mempool size is around 344 MB.
Running rpc command
bitcoin-cli ...
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Transaction fees for multiple outputs
I received a transaction from an exchange. It has 30 outputs, the fee was - according to blockchain.com - roughly 18k sats. Is this the fee per output or for the entire transaction? Is it cheaper - ...
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Are fees smaller to transact to addresses generated from a zpub master public keys compared to xpub?
Will it affect the fees in any way when one sends money to an address generated from zpub master public key compared the xpub?
What might also be part of this question is, understanding whether it is ...
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I deleted a transaction after:The Transaction is only available on your local machine
I waiting for confirmations from a transaction from another person. The issue it that it's only 3 sat/vb.
On my electrum wallet I got the following:
"The Transaction is only available on your ...
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Sum of block values not zero?
Take for e.g. block 163440. The amount paid out in the coinbase transaction is not reward+fees. Does the network not require blocks to have a sum of zero for all transactions + block reward? ...
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What is the maximum size transaction that will be relayed by bitcoin nodes using the default configuration?
I understand that the actual size limit of a transaction is determined by the block size, as we can see from this absolute unit. But transactions this large must be submitted directly to a mining pool ...
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Transfering btc from multiple btc addresses to a single btc address, estimating transaction size
Good morning, for the last few months I have been using the following formula to calculate transaction fee based on the transaction size when sending BTC from one address to multiple addresses(or ...
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rebroadcast unconfirmed transaction
Idid a transaction one week back with 1 sat/vbyte. Still not confirmed. How can I rebroadcast it from core wallet because some nodes are purging low fee transactions.
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Do know which UTXO fees are chosen from? Need help on an inscription in a native segwit wallet
I have a UTXO with an inscription that is now valuable, but I accidentally received it into a non-Taproot (bech32, native segwit) wallet.
I'm now aware that because of this, I can't use Ordinal theory ...
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What is the simplest way to send bitcoin without fee (fee=0) in 2023?
What is the simplest way to send bitcoin without fee (fee=0)? It seems that many wallets (including Bitcoin Core 24.0.1) do not permit users to set 0 fee for a transaction.
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Is Bitcoin fee attack preventable?
A block on Bitcoin blockchain contains about 4000 transactions.
Since a block is added approximately every 10 minutes, in 3 months, about 51 million transactions can be added (4000 x 6 x 24 x 90 = ~51 ...
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What's cheaper, musig or multisig?
Taproot txs aren't always cheaper onchain compared to their segwit native counterparts. How does the current MuSig spec fair vs multisig onchain? Is one always cheaper than the other wrt number of ...
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How can I prevent a transaction from being spent
For an academic article I want to know if I can prevent a transaction from being spent at all?
I tried to send a transaction with only one output that contains only data (no output address provided) ...
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How can the max fee be corrected when building a transaction?
Im not sure why i keep running into this problem, but what are the ways to correct the high fee error? i have done settxfee etc.. is there a switch to indicate when building out the ...
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Has anybody ever got email in their doc saying they have funds from BTC Bitcoin bonus giveaway [duplicate]
So I got an email from in my docs saying that I had to go to this page and I had all mining earnimgs everything that I hadn't withdrawed from a year ago on on a platform I let them use my IP to mine ...
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How much transaction fees have Bitcoin users incurred since the beginning of Bitcoin?
I wonder the following: how much transaction fees have Bitcoin users incurred since the beginning of Bitcoin?
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Bitcoin p2p fees?
I brought bitcoin via binance p2p. However, I notice that if I buy say £1000 of bitcoin, the value is really less (say £600).
I am tryoing to understand why this is? Is this due to any fees?
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Set Custom Transaction Fee To Send BTC In Electrum Json RPC
Please help me!
Now I'm trying to set custom fee to speed up my bitcoin transaction.
But I don't know how to do it.
Please help me!
Thanks
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How do exchanges send transactions efficiently?
This site says that " (exchanges do not attach bitcoin miner fees)...Bitcoin exchanges often try to send their transactions as efficiently as possible. This can mean that the fee is not large ...
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Historical miner fees per transaction
Where can I find accurate data showing the average amount that people paid in miner transaction fees per transaction per day?
I found a chart titled Fees Per Transaction (USD) on Blockchain.com. I ...
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How to determine which input address paid the fee?
I'm new to btc and have some experience on blockchains like ethereum. I understand that btc is based on utxo not balance model like other blockchains, but I have trouble finding which input address ...
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What fee rate would offset the cost of RAM for a million nodes?
When fees are low it's sometimes suggested that the minimum relay fee is lowered below 1 satoshi per vbyte. But transactions come with externalities (bandwidth, CPU, memory, disk space), both when ...
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Upgrading fee in bitcoin [duplicate]
The guy who is mining my account is saying he needs an upgrading fee of $100 to withdraw my profit of $2000 is it not a scam