Questions tagged [transaction-fees]

This tag should be used for questions related to paying transaction fees in the Bitcoin network.

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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
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Trying to calculate the average fee per tx, but can't get the right value

We are creating a cryptocurrency analytics website and I was wondering how one can calculate the average transaction fee for Bitcoin. For example, like on these three sources. https://www.blockchain....
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Are multipart payments more expensive than normal payments? (Lightning Network)

I was reading the "Mastering The Lightning Network" book when I came across this part about Multipart payments which mean dividing a payment and sending it through multiple paths to increase ...
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Min relay fee not met for a 2.0 s/b transaction

Im getting an error when trying to broadcast a raw transaction with bitcoin core 22, min relay fee not met. My mempool has 5,000 + transactions and the fee rate is 2.0 s/b. I have not changed the ...
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Double spending: Do miners generally adhere to the RBF-Flag (replace by fee) in on-chain transactions and the FSS-rule (First Seen Save)?

I've been reading some articles about 0-conf scams happening, where someone accepts bitcoin on-chain without waiting for even a single on-chain confirmation. In this blog post, it is described that ...
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sending tx with fee/vsize < 1 satoshi

is it possible to send tx with fee smaller than 1 satoshi per vbyte? e.g. vsize is 200 bytes, fee is 100 satoshis do all nodes accept such transactions? if not, what nodes do? PS We're not talking ...
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Does an uneconomical output need to be kept in the UTXO set?

Even though it is consensus valid to spend a UTXO of an amount that is lower than the extra fees it would cost to include it in a transaction, most nodes wouldn't relay them because of the ...
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What is the FeeReason enumeration in the Bitcoin Core?

There is enumeration called FeeReason. What is it? What is its use cases? /* Enumeration of reason for returned fee estimate */ enum class FeeReason { NONE, HALF_ESTIMATE, FULL_ESTIMATE, ...
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How are transaction fees split in the network?

How are transaction fees split in the network, do all the transaction fees go directly to the miner or is there any kind of percentage of fee allocation to peers/validators for relaying transactions ...
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What is the difference between minRelayTxFee and rollingMinimumFeeRate?

CTxMemPool has a member named rollingMinimumFeeRate: mutable double rollingMinimumFeeRate GUARDED_BY(cs); //!< minimum fee to get into the pool, decreases exponentially The comment explains ...
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In which situation the fee rate can be negative and what does it really mean?

Here in the definition of CFeeRate class is a member called nSatoshisPerK: /** * Fee rate in satoshis per kilovirtualbyte: CAmount / kvB */ class CFeeRate { private: /** Fee rate in sat/kvB (...
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Does the transaction fee depend on the transferred amount?

Do transaction fees depend on the amount of bitcoin sent? On what factors do fees depends?
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What is the purpose of indexing the mempool by these five criteria?

In the bitcoin source code in txmempool.h, a comment says that unconfirmed transactions are indexed by five criteria: * mapTx is a boost::multi_index that sorts the mempool on 5 criteria: * - ...
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how can I get the fee percentage on buying or selling a specific amount of bitcoin at any time?

so im noob on all of this so bare with me. im trying to test the possible net revenue of a trading algorithm/bot, but i dont trust it enough to test it with real money, so im going to simulate how ...
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How is this 0 sat tx even possible? How can I do them?

A Redditor from r/Bitcoin spotted a 0 sat/vB transaction in which the transaction occurred sometime in October last year (presumably by F2Pool). The transaction ID is as follows: ...
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withdrawal fee in crypto

I have a question related to the withdrawal fee. I can find transaction fees, but not withdrawal fees in crypto platforms. Could you please let me know how I can find out more about this type of fee? ...
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Why is the average transaction fee so high created by my own written code? [duplicate]

Recently, I'm trying coding with Bitcoin like creating raw transaction and filling with some data finally send the raw transcation. There is a question I don't know how to deal with. With my own ...
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1 answer
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Why paying to multiple addresses is cheaper than sending payments separately

I found this old post about sending money to multiple addresses here that explains with "Concrete numbers" why individual transactions are more expensive compared to cumulative transactions. ...
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Looking for data: Fee rate Per Transaction

I'm looking for websites (dashboards, charts, etc.) and/or datasets which show, average daily transaction fees (sat/vB) average/min/max fees of each block (sat/vB) Also, what would be the steps to ...
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Does signing a message as specified in AOPP incur a fee?

Does signing a message as specified in Address Ownership Proof Protocol (AOPP) incur a fee? I think not - there is nothing written in the specification about broadcasting anything to the Bitcoin ...
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2 answers
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I'm creating a bitcoin wallet but I can't figure out how to send transactions with a low fee

I created a bitcoin wallet https://github.com/Grantrocks/bitcoingadgets. After 2 days of constant errors, I got it to send btc. But I can't seem to get it to send btc somewhat fast at a low fee. I use ...
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Can the mining reward ever go up?

Can the mining reward ever go up? I believe the answer is no, and the only way it will go up is if the miners decide to change the protocol. But, I wanted to check with the experts. Thanks!
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Fee adjusted block size

I imagine this has been thought through and dismissed at some point, but what about a difficulty-adjustment-like thing for block size. It would aim to maintain a constant-ish fee size by raising and ...
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1 answer
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Is the minimum fee consensus, just policy, or both?

Intuitively, I think minRelayFee is policy while minBlockTxFee is validation, but DEFAULT_MIN_RELAY_TX_FEE is in validation.h while DEFAULT_BLOCK_MIN_TX_FEE is in policy.h.
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Can Finney attacks only be made by miners?

I read this article about double spending attacks. The article has a sentence that goes like this: "Finney attacks can only be executed by miners, and are therefore fairly technical and obscure.&...
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Can sent bitcoin be reverted? [duplicate]

Can succesfully sent bitcoin be reverted? The reason was that a fee was needed. The fee will be sent back after transfer is fulfilled?!?
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How to find nodes forwarding transactions with less than minRelayTxFee?

Technically, it is up to each node operator to set the minRelayTxFee as he pleases. Assume a transaction with less than 1Sat/vB in transaction fees and a fairly empty mempool. Is it possible to ...
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Forks, fees and Miners compensation

My question is simple. Does the miners' fee include some risk for the possibility that their blocks don't make it into the long-term chain?
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Is it possible to make a transaction from multilple addresses to one address?

I am building a platform (in node js) that users are going to pay for items using bitcoin. Some of the items has low prices (perhaps, even lower than the BTC fee). The problem is: if I make an ...
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Is there any other form of coinbase transaction?

Could miners intentionally change the output address or reduce the output value before forming a block
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Is the paying of a transaction fee have anything to do with UTXO?

Say I have two addresses in my bitcoin core wallet, address A contains 0.1 BTC and address B contains 0.15 I choose to transfer someone 0.1 BTC, but there is also some fee, say 0.00001. Will the ...
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Transfer all funds to another wallet with node.js

I have a segwit address (starts with bc...) and its private key, that holds some BTC value. Using node.js I would like to transfer all my funds to another address. This should be pretty straight ...
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Fee rate and market cycle

Why nobody wants to use Bitcoin most of the time? Why is the fee rate spike only in few periods?
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How much mining activity is needed for Bitcoin to remain secure?

I'm not looking for a number, but rather for a way to make an estimate taking things like market capitalization and the fact that mining uses ASICs into account. (I assume ASICs are relevant since ...
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Might hierarchical deterministic wallets increase the fees you pay for a transaction as a trade-off for privacy gains?

This is my first post here, so be kind :-|. My understanding of deterministic wallets is that they use an initial seed to create a master key from which you derive multiple receive addresses thus ...
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Different term for 'fee rate'

Lot of users are confused between fee rate and fee. Sometimes even developers make mistakes or use 'fee' for everything to avoid confusion which can be considered misleading. Was there ever a ...
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Does Bitcoin have incentives for relaying transactions?

Let's suppose that I can only reach one anonymous node in order to communicate my transaction to the rest of the network. The reason could be related to some global catastrophe resulting in ...
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How much cheaper will Bitcoin transaction fees be when Taproot is implemented in November of 2021?

With the upcoming taproot upgrade to the network. How much cheaper will fees for sending a transaction? If not, are there other improvement proposals to reduce fees?
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2 answers
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Information available to bitcoin miners in processing transactions

I'm very new to Bitcoin, and in my learning process I came across this site: https://mempool.observer/ which shows the varying amounts of unconfirmed transactions waiting to be mined. I'm learning ...
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2 answers
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How can I calculate the correct fees for a blockchain transaction?

How can I calculate the correct fees for a blockchain transaction? I use https://bitcoinfees.earn.com/api/v1/fees/recommended. I got hourfee - 88. How can i calculate bytes of transaction?
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Socialist fee schemes

If in low inflation future network assured contracts become common and in case they rose to a status of most important source of network computing power, wouldn't then make sense to soft fork ...
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How do exchanges offer free deposits?

Since each transaction creates an unspent output. You'd need to pay a transaction fee to move those funds each time. They charge withdrawal fees however these are static and not dynamic. I understand ...
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I invest 5000 PHp in bitcoin and to ask me i need to pay the transfer fee [duplicate]

List item I invest 5000Php in bitcoin but after the mining my invest he ask i need to pay a transfer fee .is it normal to pay that because im from Philippine
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Do you pay a transaction fee per spent output or per total transaction?

I'm wondering how transaction fees work. Do you pay based on the entire transaction or per output basis? i.e. imagine the base fee is 10000 satoshis. You're trying to send money to X address. You are ...
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After mining rewards go down to 0, can someone clog the Bitcoin network by creating millions of transactions with no fees?

After mining rewards go down to 0, it is possible miners will not pick up transactions with 0 fees. In that case, could someone create millions of transactions with no fees, to congest the mempool and ...
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Can you program a transaction to automatically run once fees are low?

Can i program a bitcoin transaction to run when the network is not as busy or when fees are low? If you are not in a rush to complete trx.
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Would reusing addresses result in a lower fee?

Let's say you withdraw 100 times from an exchange using a different address each time for a total sum of 1 BTC. Now you want to move this entire BTC to a new address. This would result in a ...
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2 answers
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Why are segwit transactions cheaper than legacy transactions?

What's the reason to make fees for segwit addresses lower, while keeping legacy addresses with higher fees? -- I'm interested in both, why segwit transactions are cheaper than legacy addresses, and ...
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1 vote
3 answers
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Do I have a chance to commit a transaction without any network fee?

I know how transaction fees are calculated. Also I understand that a transaction with a higher fee will be approved much faster than a transaction with the lowest one. Does the bitcoin protocol allow ...
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