Questions tagged [transaction-fees]

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

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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? ...
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Why is the source code fee calculated higher than the current bitcoin fee amount?

In python bit (https://github.com/ofek/bit/), when sending a message, it is properly 80 bytes or less (https://developer.bitcoin.org/devguide/transactions.html) fee is If it is a 4-byte character ...
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1answer
40 views

Do I have to pay taxes on a Bitcoin investment when I'm withdrawing it to my US bank account before I actually received the money?

I am new to Bitcoin investment trading, I recently invested $500 in 401trade.com and got $19,000 setting in their account, I went to withdraw $18,000 and they said I had to pay $200 in taxes and gave ...
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1answer
63 views

Where can I find a survey on different fee estimation algorithms?

I am looking for a comparison or summary of different fee estimation algorithms. Does anyone know of one? I would like to see what the best starting point is in order to see where optimization can be ...
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1answer
52 views

Sending multiple output transaction with total output exceed the total input value

I am still confused about whether it is still a valid transaction for multiple output transactions if the total output of the transaction exceeds the amount of total input. For example, there are two ...
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2answers
42 views

bitcoin-qt ignored user input for fee calculation

My blockchain isn't synced yet. Thus, fee calculation didn't work. Therefore, I chose user defined fee and entered what btc.com suggested. But my bitcoin-qt (v0.20.1) went for 255 satoshis instead of ...
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3answers
152 views

How do you reliably estimate mining fees?

I'm asking this question because sites seem to yield widely different estimates. For instance, if I want a transaction to be accepted within 6 blocks, this is what I currently have to pay according to ...
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1answer
37 views

Better fee estimation and fee/tx/mempool management in wallets

Right now mempool has 65 MB of transactions waiting for miners to be included in blocks. 90% of the transactions are below 10 sat/vbyte. I am observing this trend from last few days and think it will ...
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1answer
116 views

Change -mempoolexpiry in BitcoinCore 0.20.1

I have accidentally made a transaction with a very low fee (5 sat/byte) and I doubt that it will be confirmed any time soon. Replace-By-Fee is not available since my transaction has no change. Abandon ...
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1answer
57 views

Outrageous miners fees

My BRD wallet just charged a 27 dollar miners fee TO SEND 50 dollars worth of bitcoin!! 1/3 of 75 bucks went to a miners fee? 55e7f51a96ecd8d25a1566346bff76e2985a5aed4fe279e44d75f991cf0a993a
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1answer
71 views

Plan to decrease the fees [closed]

Is there a future plan to make the fees lower ? Will BTC block size increase after the 5G being rolled out in the world ? We could really use a Little bigger block while also developing lighting ...
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1answer
159 views

Transaction taking a long time to confirm, now it doesn't even show up on Bitcoin Explorer [duplicate]

UPDATE: Electrum now says the transaction is "Local" and now I have an option to "broadcast", should I do that? OP: So, I'm trying to spend a small amount of bitcoin on a website (...
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1answer
422 views

Can you explain some of the dynamics that drive the variations in mempool depth?

I often see mempool graphs such as Jochen Hoenicke's that show significant fluctuations in mempool depth and hence the fee needed to get into upcoming blocks. Can you explain some of the dynamics that ...
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1answer
214 views

What are fee_method and fee_level in Electrum's getfeerate RPC call?

I couldn't find any documentation on this. I found that the options for fee_method are eta, static and mempool by reading the source code. But it's still not clear to me how fee_level relates to the ...
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1answer
454 views

On my first shopping via bitcoin I get “The fee for this transaction seems unusually high. (20%)” What to do about it?

I have some bitcoins in a local Electrum wallet and wanted to do my first shopping with bitcoin from a shop offering payment via bitpay for an item costing (in USD) 20 dollar. So I went through the ...
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2answers
240 views

How can I troubleshoot whether an unconfirmed transaction that seems stuck is a problem on my end or just from high volume on mempool?

Never had transaction hang unconfirmed like this before. Granted its only been a few hours but it's not like I skimped on fees either. I always choose the default electrum fee, but when it got stuck I ...
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1answer
65 views

Will I save on miner and network fees for sending btc if I import my bitpay wallet to another wallet like electrum or blockchain?

I have a bitpay wallet that has received many small transactions. I want to send all of the funds to my trading platform, but the fees are too high after the first send each day which is as low as 1%. ...
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1answer
74 views

Given a bitcoin block, what's the easiest way to determine the minimum net fee rate (including ancestors) for transactions in that block?

Given a bitcoin block, what's the easiest way to determine the minimum net fee rate (including ancestors) for transactions in that block? A naive approach would be to just find the minimum fee rate ...
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1answer
64 views

Sending regtest Bitcoin fails with an error message. How do I resolve this error? [duplicate]

When I try to send regtest Bitcoin using bitcoin-cli: ./bitcoin-cli -regtest sendtoaddress bc1q09vm5lfy0j5reeulh4x5752q25uqqvz34hufdl 0.1 I get the error message: error code: -6 error message: Fee ...
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2answers
328 views

Can we use fee rate less than 1 sat/vbyte?

Is it possible to create, sign and broadcast a transaction with fee rate less than 1 sat/vbyte?
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1answer
88 views

How to get a wallet feerate (sat/byte) of an unconfirmed transaction?

On block explorers such as blockchain.com, each unconfirmed transaction has a desired feerate set by the wallet such as 58.000 sat/B. This is not to be confused with the actual final fee calculation. ...
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2answers
41 views

Why are the fee value and modified fee value always the same?

I do not see any transaction in the mempool having differing values for the fee and modified fee fields. Does nobody modify or accelerate their transactions? How do transactions with modified fees ...
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1answer
95 views

I sent bitcoin and put low tx fee (4sat/b). Unconfirmed for 3 days. Can it be forever? [duplicate]

I just want to withdraw bitcoin and put a low fee. It's been 3 days and nothing happened with it - Unconfirmed. So, can it be forever? Or how much time it may take to be confirmed? Or what should I do ...
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1answer
58 views

Why doesn't BTC reward miners for confirmations, too?

Currently as far as I know when a miner discovers enough 0s, he broadcasts his solution to the network in order to win the coins. While, he broadcasts his solution (which gave him the 0s), he also ...
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2answers
102 views

Understand how transaction size and fees calculation works in caravan

Looks like there is no activity in caravan github repository so maybe someone here can help me with this issue. Already mentioned everything in the below link however my three basic questions are: ...
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1answer
45 views

Why are mined blocks not always full

Why do mined blocks tend to vary so much in size. If the miner's objective is to maximize their revenue from transaction fees they should add transactions starting with the one with the largest fee, ...
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1answer
218 views

Using bitcoind, is it possible to set a specific fee with sendtoaddress?

For example, setting the fee to exactly 1000 sats or 300 sat/kw?
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3answers
852 views

What's the most efficient way to create a raw transaction with a specific fee rate?

There seems to be a chicken and egg problem when it comes to creating a transaction that has a specific fee rate (sat/kW). In order to set a specific fee rate, you need to know what the total weight ...
0
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1answer
704 views

Pending Transactions in Electrum [duplicate]

I downloaded the new version of Electrum (4.0.2) and when I sent coin to my other wallet, I forgot to choose/add mining fees. Now the transaction is in Pending and has been for the last six hours. The ...
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1answer
47 views

transaction (s) not going through due to low fees selected [duplicate]

I'm having a problem with a bitcoin transaction (not through btcpay, but i don't know where else to turn to). I sent 0.06btc from my wallet to my father (20 hours ago), and stupid as i am, decided to ...
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2answers
47 views

Which transaction would get confirmed in an uncongested network?

Scenario: Mallory sends some bitcoin with a $1 fee Later, Mallory double spends her transaction with a $5 fee A new block is found In an uncongested network with an average transaction fee of ~20 ...
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3answers
610 views

When using bitcoin-cli I get an error regarding fallback fees when trying to send regtest Bitcoin. How do I resolve this?

I have been doing an assignment on Bitcoin Core 0.20. Now every time I try to do a transaction: Apples-iMac:bitcoin apple$ bitcoin-cli -regtest sendtoaddress ...
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2answers
51 views

bitcoin node take transactions fee and validate them [closed]

a bitcoin node check transactions and validate them . does it take transaction s fee. when validate transactions how much bitcoin transaction fees for a node.and possible reduce fees in a bitcoin node
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1answer
48 views

How small can a payment be while still adding value to your wallet?

If you receive 1 satoshi (0.00000001 bitcoin) in a transaction then adding it as an input to a larger transaction would add more than 1 satoshi to the transaction fee. This means the 1 satoshi shows ...
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2answers
52 views

Is there a way to determine the optimal size of a batched transaction to save on fees?

I've been looking at other questions about fees and batching, but it seems no one asked if there is some way to determine the optimal size of a transaction to save on fees (assuming all inputs are ...
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0answers
24 views

Relation between transaction fees and inputs [duplicate]

So this might appear as a duplicate of some of the other questions on this stackexchange, but I feel most of the questions have failed to ask a question that I am really interested in. I want to ...
0
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1answer
121 views

How to get address type(format). Need to calculate vsize and fee

Help me please. I need to calculate vsize and multiply it by the function result estimatesmartfee. To calculate vsize, I implement a formula like this https://jlopp.github.io/bitcoin-transaction-size-...
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1answer
40 views

Who bears the transaction fee for settling HTLC in Lightning Network?

Given a channel that exist between Alice and Bob, where Alice wants to transfer 0.0001 BTC to Bob. Alice makes HTLC payment to Bob contingent to the secret for the payment hash within a timelock of ...
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1answer
100 views

How accurate is 'estimatesmartfee' in bitcoin-core?

Method of estimatesmartfee is very simple and easy to use and understand. But I want to know how accurate this function really is? It would be great help if you can provide a link to article or ...
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1answer
767 views

How does Bitcoin Core estimate the transaction fee?

I want to know how Bitcoin-Core estimates the transaction fee and what factors it takes into account to estimatesmartfee. What is the formula that it uses? Can you also refer me Bitcoin Core files ...
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3answers
101 views

Does descendant size affect transaction fees?

While calculating the transaction fee miners usually take ancestor size into the account. But does the descendant/output also affect the transaction fee calculation? Is descendant count correlated to ...
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4answers
189 views

How can I move bitcoin from one exchange to another without mining fees?

I have held bitcoin since 2010. At the time coinbase opened one could type in the bitcoin address and public and private keys from paper into their wallet and voila the coins were available for ...
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3answers
91 views

Why do miners choose low fee rate transactions sometimes?

Miners prefer high fee rate transactions to low fee rate ones, but the part which I don't understand is why miners pick a low fee rate transaction that has been waiting for hours in the mempool into ...
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2answers
193 views

Does number of inputs or outputs affect bitcoin transaction fee?

I would like to know how inputs and outputs affects my bitcoin transaction fee using legacy address, and how using a segwit address will decrease the same transaction? and how they will be ...
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2answers
36 views

Who sets the fees for a transaction?

Can I send a transaction with zero fees? And if I could, what would happen? Would miners ignore my request? Who sets the price of fees for transactions?
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1answer
58 views

Input/Output size for various transaction types [duplicate]

What are input/output sizes for various transaction types? I see some numbers like 210 byte for input for p2sh-p2wpkh here (How do virtual size, stripped size and raw size compare between legacy ...
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2answers
155 views

Explain Coinomi and Edge fee difference?

I was looking at two Bitcoin wallets, Coinomi and Edge. When setting the same custom fee for both, I see a difference in the final fee reported. As an example, Edge wallet shows a fee of $3.13 (at ...
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0answers
41 views

Problems Setting a Transaction Fee on a Per Transaction Basis Bitcoind

I've spent hours and hours trying to find a solution to this problem, with no success. Using Bitcoin Core on a Linux machine, so using bitcoin-cli to process commands back to the daemon. Here's what ...
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2answers
45 views

In the future, if I pay a coffee with a very low fee, will it ever be paid?

So this is the thing, I am just learning about feedrates and how the miners pick their transactions with higher fees, so they can get more money. But, what will happen in the future when people pay ...
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2answers
2k views

blockchain says Not enough funds

i have 30-40 $ in my account now i have pay for something but when i add 20$ amount i say Not enough funds. and when i click on maximum it fill the field by 4.15$ what is the problem and how can i ...

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