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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Utility of longterm fee estimation
I've been reviewing the effectiveness of long-term fee estimation in Bitcoin Core and recently conducted an analysis, which indicates that it might not work as expected.
https://hackmd.io/@...
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BTC transfer fees from binance wallet to another wallet [closed]
I am new to crypto and I didn't know about transaction fees.
This is the issue I am facing:
I have bought 20 USD in BTC (0.0003) from Binance and I want to transfer it to another wallet but it's ...
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What's the "weight" meaning in fundrawtransaction cmd's input_weights parameter
I am trying to use bitcoin-cli fundrawtransaction to add inputs to a transaction with only outputs generated from other program. I need to use the specific inputs from my wallet. But I only find the ...
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Why do protocol developers work on maximizing miner revenue?
A Twitter user asks: "Why are so many [protocol engineers] so worried about miner revenue? [...] IMO, it would be best to focus on what the end users want, not large corporation wants." (...
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bitcoin-cli listtransactions fee amount is way off, why?
I am using the default signet network, my txid is 3923927eb3b6213bab5d0bee8364a87eafe357cb4d42ce6c587f0372735c7ff0.
bitcoin-cli listtransactions shows a fee of 0.00596777 when in reality the fee is 0....
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Network fee accuracy question [duplicate]
I have an investor telling me he made 7k in bitcoin from a 200$ investment today. He says there is a network fee of 500$ to withdraw the funds for me. Is this or can this be accurate?
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How does subtractfeefrom work?
From the description of Bitcoin Core, subtractfeefrom is a parameter to define which recipient address would opt-in to receive less and contribute to pay the fee
Here is a usecase:
Alex has one UTXO ...
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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 ...
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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, ...
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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. ...
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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 ...
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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 ...
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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?
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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 ...
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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 ...
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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 ...
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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). ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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' ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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?...
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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 ...
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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....
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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. ...
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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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