Bitcoin

Questions tagged [transaction-fees]

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

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3
votes
1answer
144 views

How do I calculate transaction fee for call to createpsbt()?

When my user invokes my app, he passes as an input parameter the desired value of the TX fee in satoshis per byte. I create a PSBT by calling createpsbt(). I exert complete control over the ...
3
votes
1answer
114 views

Can the fee produced by estimatefee be artificially manipulated?

Could a miner who wanted more transaction fees manipulate the fee produced by estimatefee? If so, what percentage of hashpower would it take, and how long would you need it?
2
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2answers
192 views

Moving BTC to cold wallet over Binance

The BTC withdrawal fee in Binance (and pretty much every other exchange) is 0.0005 BTC - very high. However, if you do the withdrawal over their Binance network then the fee is only 0.0000014 BTC (a ...
2
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0answers
36 views

assistance in transaction fee

I need some help in transaction fee in Bitcoin Core. In Send section there is a message after Transaction fee saying "Warning: Fee estimation is currently not possible." Why is it there? ...
2
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0answers
43 views

How many times has the dust limit and minRelayTxFee changed?

I understand that there's no minimum tx fee or minimum tx output amount in the consensus rules. However, the default minimum values for a transaction to be considered 'Standard' in Bitcoin Core have ...
2
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0answers
448 views

Intermittent error “min relay fee not met” even with decent fee and custom Electrumx+Bitcoind

I have an automated system that sends BTC payments via Electrum for a client. Now, it happens again and again that payments keep failing with "min relay fee not met" (RPC call failed: {"code":-32603,"...
2
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0answers
46 views

Is there a way to get stats about fees paid (highest, lowest, average) in a specific block?

I'd prefer to get the stats from my full node via bitcoin-cli, but if that's not possible some API would do the job too...
2
votes
1answer
150 views

What are the costs of cryptocurrency fraud?

I have heard many claims that transaction volumes can be "faked" for cryptocurrencies, but I am skeptical about how this is possible. I want someone to walk me through the math describing what you ...
2
votes
0answers
415 views

Abandon Transaction or Increase fee

I'm using Bitcoin core v0.15.1 and I am trying to send my BTC to coinbase. I have waited over 72 hours since initiating a transaction and when I right click the "abandon transaction" and "Increase fee"...
2
votes
1answer
191 views

Format transactions into “from”, “to”, “value” and “cost”

I'm trying to write a script that parses the entire blockchain into a database. But I'm having issues figuring out how to store what I need to then aggregate the results and build a transaction list ...
2
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0answers
901 views

How is the transaction fee for sending bitcoins using Electrum wallet calculated ?

I am trying to understand how is the fee for transaction calculated for desktop wallets like electrum.
2
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1answer
1k views

How can I accelerate confirmations in ledger nano s?

I am using Ledger Nano S hardware wallet to store my bitcoins. Last week, for an experiment, I decided to send bitcoins to hitbtc currency exchange with zero btc fees. I was wondering how many hours ...
2
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0answers
222 views

How to unstuck a low-fee transaction sent from MultiBit?

I've sent a transaction with MultiBit Classic or MultiBit HD, but accidentally included too little fee. What can I do to speed up the transaction's confirmation or to replace it? This is a ...
2
votes
0answers
659 views

Mempool filled with 14KB transactions, tons of inputs, 0.15 mBTC fee

With the blockchain experiencing extremely high transaction volumes (most blocks at the 1MB size limit), I am interested in studying the "backlog" of transactions in the memory pool on my own full ...
2
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0answers
130 views

Need to do 400 transactions, how do I get them confirmed?

I tried to send 0.00000001 btc to about 7 addresses, and paid the 0.0001 fee. But it seems like this transaction won't go through ever. Those coins are lost :(. I have about 400 sponsors, and they ...
2
votes
0answers
309 views

API: keeping account balance positive (+knowing in advance the transaction fee)

I'm using the json API. I need to keep all the account balances positive: I call getbalance first, check if it has enough bitcoins to proceed, and then move or sendfrom. This approach causes two ...
2
votes
1answer
412 views

What block had the most transaction fees? Why?

What block had the most transaction fees? Why? How big can transactions be? What's the largest transaction (size, in bytes)?
1
vote
1answer
30 views

Broadcasting a transaction as a 3rd party

In a scenario I have a signed transaction from A to B and ready to broadcast. As C, I want to broadcast it but the part I am having hard time to understand is as the transaction is already signed and ...
1
vote
0answers
20 views

How to open channel with output of closing channel? [Lightning Network]

How can I automatically open a new channel while closing another, avoiding to create an unnecessary intermediate transaction? Do any wallets support it at the moment, or would I have to do it with a ...
1
vote
0answers
212 views

Enable dustRelayFee behavior on testnet to get error code 64: dust

Crafting and sending an utxo of 1 satoshi does works and get mined on testnet without error. However on mainnet the error code 64: dust arise. I understand the basic idea that you are not able to ...
1
vote
0answers
91 views

Does bitcoin dust fee rule or policy activate in bitcoin testnet?

Does dust fee rule activate in bitcoin testnet? I create a tx in testnet with output is dust,the tx always relayed and go into block, but in main net it report dust transaction error. Why bitcoin ...
1
vote
0answers
17 views

Dynamically change transaction fee using delegate service

My setup: API service holding a bitcoind Full Node. Client Wallet - I have no control over that system. User application - Who gets the barcode for payments. So, My API (1) only has the Receiving ...
1
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0answers
66 views

Bitcoin-core 0.15.1 gettransaction showing wrong fee for some transactions

What makes me wonder, this happens just for some transactions Take a look at this transaction: 20179d0d2fba68b2ca82ab8cc5faa39ced73324af6b90b6505cca2c3d65102a6 As you can see inputs/outputs fee is: ...
1
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0answers
43 views

Dividing miner reward over a k-length jumping window

Nowadays, a miner can gain more than another one even when they mine the same amount of blocks due to variance in tx fees. It's expected that, especially once the coinbase reward is gone, this will ...
1
vote
1answer
193 views

Are there any blockchain parsers which calculate virtual sizes of transactions?

"The getrawtransaction RPC gets a hex-encoded serialized transaction or a JSON object describing the transaction." https://chainquery.com/bitcoin-api/getrawtransaction The output includes the vsize (...
1
vote
1answer
2k views

Tax implications of withdraw fee from one exchange (Binance) to another GDAX/Coinbase

I transferred 0.2 ETH and 0.3 ETH in separate transfers from GDAX to Binance (GDAX does not charge a fee for this). Then, I transferred back from Binance to GDAX all 0.5 ETH, but since Binance ...
1
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0answers
102 views

Low fee bitcoin transaction confirmed within 30 Min

One hour ago I've sent a transaction to a friend with 110 sat/byte. After 30 min I've noticed that the transaction has 3 confirmation with this low fee and the network congestion. The receiver has ...
1
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0answers
75 views

Distribution of tx fees

Do tx fees issued by users follow a particular distribution ? I'd guess they follow the normal distribution, but I'm not sure. More precisely, how tx.fee/tx.size is distributed in the mempool ?
1
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0answers
123 views

Ho to spend bitcoin in MultiBit Classic in these times of high transaction fees?

I bought some bitcoin back in 2013 and transferred it to my private wallet managed by MultiBit classic 0.5.17. I have successfully used the system and spent some of the funds in MultiBit Classic as ...
1
vote
1answer
700 views

Error in blockchain.info wallet

My problem is that I can not do any transactions at all because of an error. BitcoindException(super=com.neemre.btcdcli4j.core.BitcoindException: Error #-26: 66: mempool min fee not met, code=-26). ...
1
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0answers
232 views

Has anyone experienced money wire from Bitfinex to a european bank? How are the fees applied?

I try to find the best way to cash-out when needed. I use Bitfinex lately and I see that they have a good fee structure (https://www.bitfinex.com/fees - if you know something better let me know). ...
1
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0answers
75 views

How do check if I have overpaid for a transaction?

I was inspired by this tweetstorm by John Newberry: https://twitter.com/jfnewbery/status/927615263058653184 I wanted to reproduce the process using my own calculations. I have two approaches so far:...
1
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0answers
282 views

Get fees for each transaction in a block without too many API calls

Using Blockchain.info's API, my current approach is to query the endpoint for a block then to collect all the transaction hashes within that block: https://blockchain.info/rawblock/$block_hash Then ...
1
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0answers
783 views

bitcoind transaction fee calculation

I'm using bitcoind and for the transfer of tokens from one account to other, I'm using sendFrom method. but there is a transaction fee calculation and on the bitcoin-qt panel, In the transactions ...
1
vote
0answers
248 views

How can one unstuck an unconfirmed transaction with Bither?

I've sent a transaction with the Bither wallet, but accidentally included too little fee. I've since updated my wallet software, so it shouldn't happen again. However, what can I do to speed up the ...
1
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0answers
221 views

transacton fees for raw transactions

I'm building a merchant system for a client that will accept payments in bitcoin and send all coins to a cold storage wallet once a week (or month). The system is using a deterministic wallet to ...
1
vote
0answers
778 views

Electrum - using a fixed fee regardless of transaction size

I am using Electrum 2.7.12, and I intend to use the python console to paytomany() while using a fixed fee. I have tried following directions from http://matt.ramuta.me/blog/1419787186410-how-to-write-...
1
vote
0answers
34 views

Bitcoin not being recieved even after high transaction fee

https://gyazo.com/61b5ca1bc5a007ba55ffdd37fc8c0db6 Keep sending bitcoins to multiple addresses with bitcoin core but its not getting confirmed... some have been sent months ago. I used a transaction ...
1
vote
0answers
2k views

Change the fee on Multibit

The transactions-fee is set to 0.0001 btc in Multibit classic. Can I set the fee to 0.2 or 0.3 mBTC? Where is the java class that I must change to upgrade the fee? What is the var or const to change?
1
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0answers
465 views

Wallet didn't include fee, transaction stuck on unconfirmed

My wallet has always automatically included a transaction fee everytime I do a transaction, but this time it didn't and I dont know why. I did everything like I always do and I haven't changed ...
1
vote
0answers
233 views

Calculation for transaction input-output balling:

To roughly calculate transaction send size in bytes we do: ((numberOfInputs*148)+(numberOfOutputs*34)+10) We want to make a transaction using two inputs of 0.01BTC (Amount to send = 0.015BTC, ...
1
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0answers
510 views

Litecoin transaction fee

I have been struggling over the past few days to get some up-to-date information about Litecoin and I keep ending with nothing. To start off, I would like the formula that calculates the required fee ...
1
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0answers
225 views

Best practice for sending btcs with fees trough bitcoind api

i am building service which will recieve exact amount of bitcoins and then devide it for two users and send it to them. For ex. Recieve: 10BTC To user A: 5BTC To user B: 5BTC Obviously i can't send ...
1
vote
0answers
465 views

Move all coins from an address via RPC

Let's say I generated some coins with a given address and I want to send a specific amount of coins to a specific addresses, and move the remaining balance to another specific address. I want to do it ...
1
vote
1answer
144 views

How to modify dynamically the fee of a transaction?

I want to modify dynamically the fee for each transaction made by the users who use my website. I calculate the fees dynamically but I don't know how can I apply that custom fee for each user. I am ...
0
votes
0answers
68 views

Unconfirmed transaction and expired address help

I have one unconfirmed transaction and now the expired address. I cannot abandon the transition because the writing is gray, +24h hours have passed (the arrival was expected in 8 hours...) and no ...
0
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1answer
58 views

Basic overview of fees

Can someone explain fees in layman’s terms I thought I would throw a few dollars into bitcoins more for a laugh than anything - but the fees are confusing me. I googled best wallet for newbies & ...
0
votes
1answer
61 views

Can I verify my own transaction?

I'm waiting since 16/12/2020 and i still waiting in the Mempool. Exists a way how can i verify my own transaction without a Bitcoin miner? Yes, i paid a low fee. Here you can see my transaction: https:...
0
votes
0answers
103 views

How to set the most budgetfriendly transaction fee in Electrum?

Since the newer versions of Electrum have more options in setting the transaction fee, what could be the best possible option to send bitcoins in a quick but budget friendly way? Static ETA or ...
0
votes
0answers
35 views

Which tool can I use to calculate the best fee for a specific time?

Let's say I'm okay with a transaction to be included in a block in about 24h. The fee is obviously dependent on the network congestion. Which (online) tools can I use to calculate the optimal fee ...

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