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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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how to calclate the fee of a segwit transaction? [duplicate]

I am using bitcoin-js to construct a PSBT transaction. Suppose address A has 10 UTXOs, each containing 0.0001 BTC. Now I want to construct a transaction to send 0.0005 BTC to address B. If I use 5 of ...
user151983's user avatar
1 vote
1 answer
48 views

How can a replace occur with a tx with lower fee and feerate?

I have seen a tx A get replaced by a tx B, where B had a lower fee and feerate than A and it was broadcasted later. How is it possible? These are the txs details: Tx A: segwit, ̶t̶a̶p̶r̶o̶o̶t̶, ...
user80100's user avatar
0 votes
1 answer
28 views

Bitcoin Core: "Increasing transaction fee failed (Unable to create transaction. Insufficient funds)"

I sent a RBF transaction, and it's in the mempool. I'd like to increase the fee so it confirms sooner. ¿Why does Bitcoin Core say: Increasing transaction fee failed (Unable to create transaction. ...
Geremia's user avatar
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1 vote
1 answer
49 views

Increase the fees in regtest

I have a Regtest environment with some Lightning nodes. I need to make the fees go up a lot to do some tests on how the Lightning nodes behave with high fees. What would be the most efficient/simple ...
polespinasa's user avatar
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74 views

What is the correct way to calculate testnet BTC fees?

Recently, the fees on Testnet seem to be going wild. I tried to send 20,000 satoshi and it cost me 27,000 satoshi. I used a feerate based on blockstream.info's fee estimate and calculated the fee ...
ron s's user avatar
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0 answers
10 views

Transaction is unconfirmed [duplicate]

This transaction is unconfirmed, is there any thing I can do to make it faster? Is the BTC recoverable if it never gets confirmed? f7d89f931080642a718575e0d103e8bc755dde6bae362c3d6e1c674b0d396284
Jakes's user avatar
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1 vote
1 answer
105 views

Why do some transactions wildly overpay fees?

It's very common to see transactions that pay extremely high fee rates, easily 10, 100, or more times the any reasonable high-priority fee rate. Who makes these transactions, and why do they overbid ...
Casey Rodarmor's user avatar
-1 votes
1 answer
40 views

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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0 votes
0 answers
17 views

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
1 answer
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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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1 vote
1 answer
57 views

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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1 vote
0 answers
56 views

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
0 votes
1 answer
101 views

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
1 answer
81 views

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
-2 votes
1 answer
48 views

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
1 answer
307 views

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
6 votes
2 answers
527 views

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
0 votes
1 answer
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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
338 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 ...
Kevin's user avatar
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-2 votes
1 answer
58 views

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
1 vote
1 answer
98 views

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
1 vote
2 answers
1k views

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
0 votes
2 answers
75 views

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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0 votes
1 answer
39 views

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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0 votes
1 answer
219 views

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
  • 950
1 vote
1 answer
107 views

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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2 votes
0 answers
64 views

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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1 vote
1 answer
174 views

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
  • 91
5 votes
1 answer
308 views

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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0 votes
1 answer
46 views

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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1 vote
2 answers
96 views

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
1 vote
2 answers
59 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
130 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
0 votes
0 answers
67 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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0 votes
1 answer
69 views

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
0 votes
1 answer
61 views

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
903 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
  • 63
2 votes
1 answer
171 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
0 votes
1 answer
69 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
0 votes
1 answer
121 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
285 views

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
  • 1,099
2 votes
1 answer
68 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
  • 21
0 votes
0 answers
56 views

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
325 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
1k 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
151 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
333 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 votes
0 answers
55 views

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

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