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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Where are transaction fees specified?

I've recently looked up the exact format of a transaction and came up with this (source with explanation): However, this seems not to include transaction fees. Are they not part of the transaction? ...
Martin Thoma's user avatar
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On chain cost of Segwit version 1 versus version 0

How do total blockchain cost for Segwit version 0 compare to version 1 which is being proposed? I'm specifically interested in a single user transactions – both paying to public key (or pk hash) and ...
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Bitcoin transaction fee calculator

I'm new to bitcoin. Is there a website where I can type amount of BTC I want to send and type of transaction - Urgent, Normal, Economic and they give me the price in USD how much the transaction fee ...
user87564's user avatar
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Why is the transaction priority removed?

As far as I know, in the earlier version of Bitcoin, there was a mechanism about transaction priorities. However, it has been removed (or not being taken into account anymore) and now the only ...
Önder Gürcan's user avatar
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How do fees get processed in bitcoin? (protocol question)

If the fee isn’t written into the ledger, and it’s just the difference between the input transaction amount and the output transaction amount, how does the miner prove he has access in his wallet to ...
lollercoaster's user avatar
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Is there a way to know the Bitcoin Network transaction fee BEFORE actually submitting the transaction?

I am using the RPC API to submit automated transactions to my Bitcond, the user introduces the Amount and I check it against its balance before submitting the transaction. I would like to also check ...
Diego vDev's user avatar
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Would an increased blocksize lower the stress of the stress tests?

I see that there are about 9000 unconfirmed transactions right now and that five of the last six blocks are under 1/2 Mb and 15 blocks in a row under 750 Kb. This suggests to me that larger block ...
Dave Scotese's user avatar
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Why are transactions with no outputs not relayed by default?

I was reading this thread about making a transaction without an output: Are Bitcoin transactions permitted to have no outputs (i.e. all inputs become transaction fee)? The answer is that outputs ...
bvpx's user avatar
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Around EUR 40 to withdraw from MtGox?

I just withdrew around EUR 940 from my MtGox account and transferred it to an account in a European bank that does not charge anything for incoming international transfers. MtGox charged me a bit ...
Andreas's user avatar
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Where can I set the fee value for accepting transactions?

If I run a miner where can I set the fee value to accept transactions in the bitcoin client?
ADenis's user avatar
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Why is a minRelayTxFee of 1000 sat/kb not equivalent to 250 sat/kw?

Naively, we would expect a minRelayTxFee of 1000 sat/kb to correspond to 250 sat/kw. However, apparently this is not so according to this issue (ACINQ), which also references this issue (c-lightning). ...
Darius's user avatar
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What is the incentive to use bitcoin due to transaction fees?

Apologies for any naivety in the question, as my understanding of the subject is still basic. My understanding is that once all the coins have been mined, the incentive for miners comes solely from ...
octosquakk's user avatar
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How to set fee in bitcoinj

Is any possible way to set fee to specific value in bitcoinj wallet? Right now I have something like this and I don't know when to set fee: Address address = Address.fromBase58(params, ...
Dragomirus's user avatar
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How to apply RBF (Replace-by-Fee)

I got a stuck transaction and would like to clear this. I found many information about RBF (Replace-by-Fee) how it works etc. So i think this might be the best option to get my transaction going. ...
Mojo's user avatar
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Bitcoin Transaction Fee

Does the bitcoin transaction fee depend on the number of addresses in the proverbial from field or the number of transactions that led to the balance in the addresses in the from field. eg: I have 10 ...
Mohamed Ashraf's user avatar
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Increase transaction fee with Bitcoin Core client fails because of no change output. Why?

Context I created a transaction (using the full balance of an output) with the Bitcoin Core Wallet (running as full node). The transaction got into the mempool of major nodes, as expected. I set the ...
hitchhiker's user avatar
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How do you choose the correct fee with Bitcoin Core?

I have the same problem with unconfirmed transaction and I already know how to solve it. But I don't know how to define transaction fee so that it doesn't happen again. I'm using the Bitcoin Core ...
Vol's user avatar
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How to issue a CPFP?

I was reading about CPFP (child pays for parents) recently and I didn't completely get the concept of it. Can someone please give me a brief explanation of how it should be done and what are the ...
user6613235's user avatar
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As of 2017 is it still possible to get a transaction confirmed without a fee?

In the past it was possible to get a transaction without a fee confirmed if the inputs and outputs had a high enough priority and followed some rules. As of 2017 is a "free" transaction still possible ...
tlo's user avatar
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Why is a minimum transaction fee for 0.01 BTC *sometimes* enforced

I have read Why would Bitcoin-QT attempt to charge a processing fee, when I have my transaction fees set to zero? but I still have a question. I am sending 0.01 BTC from my wallet to my Ethereum ...
spraff's user avatar
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Poloniex BTC withdrawal sent with 0 transaction fee, anything I can do? [duplicate]

I withdrew 3.6 BTC from Poloniex today, but they made the withdrawal transaction without any transaction fee, basically now God knows when it will get to me (basically total loss in day-trading, will ...
MiniMonster's user avatar
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How to collect Dust transactions?

Most of my initially received bitcoins were from faucets and therefore, these micro amounts ended up being dust transactions. Since then, I've bought some bitcoins which are not dust. Now I'm trying ...
JLP's user avatar
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Litecoin transaction fee structure?

I am exploring litecoin and I am confused about transaction fee. What is the minimum recommended fee per kb? Is the fee structure enforced by the miners or only by the clients? If I somehow craft ...
Jus12's user avatar
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Why are mining pools not removing the 250 kb block size soft cap?

I might have misunderstood what is happening, but looking at the block sizes it seems that most mining pools are sticking to the 250 kb soft cap, with BTC Guild being the notable exception. There are ...
user1874365's user avatar
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How are transaction fees calculated in raw-transactions?

So, after understanding how to create and send raw transactions on the basis of 'How to send from many bitcoin addresses to one bitcoin address?', in practice I still struggle with transaction fees. ...
Arsenius's user avatar
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How are Ripple transaction fees "destroyed?"

What is the exact process by which the transaction fees are "destroyed?" Are they sent to a special account, or simply erased from the ledger?
Manish's user avatar
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How to best explain these transaction fee spikes?

How to best explain these transaction fee spikes? Are these spikes actually transaction fees or accidentally taken as transaction fees because remaining amount not credited back to sending address ...
vi.su.'s user avatar
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Batching transactions - calculating batch transaction fee

I want to use transaction batching to make BTC payments to multiple recipients. In order to optimize transaction amount \ size, lets I'm making equal transfers of x BTC to N recipients, and that F(x, ...
Lizozom's user avatar
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3 answers
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Able to send 0.2BTC from old to new wallet w/o fee as of 2016?

Good evening everyone. I've been out of the cryptocurrency scene for a couple of years and I've stumbled into a minor issue. I've been trying to figure out if it will be viable to move some Bitcoin ...
CryptoQueryGuesting's user avatar
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1 answer
145 views

Can transactions scale sufficiently to compensate the diminishing block reward by fees?

Today, the bitcoin network is secured by massive computing power, which is expended in the process of mining. The miners are rewarded by newly mined bitcoins, plus transactions fees. The security of ...
Martin Vegter's user avatar
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1 answer
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Is there someway to determine the current network fee from the bitcoin network/daemon?

Is there some way to programmatically extract the current consensus of the transaction fee from the bitcoin network, either by using the daemon or through some other means?
Loourr's user avatar
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Bitcoin transaction with 0.0001 BTC fee not getting confirmed? [duplicate]

I sent the following transaction a few hours ago with Bitcoin-QT: https://blockchain.info/tx/b5682b48484a8752be62c6b4036eaf8a8f005d9ea75cbff434476b7506a9e3a2 And the transaction still has not been ...
SChang's user avatar
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4 votes
1 answer
284 views

Obligatory transaction fee?

I'm fairly new to bitcoin and today I sent 1 satoshi to my own adress using the standard wallet, and I was surprised that I couldn't do it without paying a 0.005 BTC (I think, can't remember the exact ...
justanotherhobbyist's user avatar
4 votes
2 answers
4k views

LTC transaction fees and p2pool

I'm experimenting with LTC p2pool mining. However, it generates lots of micropayments (0.02 LTC). Such small payments generate big transaction fees (in latest litecoin-qt from github). Example: 0.6 ...
BitcoinNewbie's user avatar
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1 answer
3k views

How does the bitcoin transaction fee be calculated? And who guide this?

https://en.bitcoin.it/wiki/Transaction_fees I learned that the transaction fees is given by sender to bitcoin miners to ensure that this transaction be confirmed. But I notice that, in most ...
HackFisher's user avatar
4 votes
1 answer
659 views

Does it make sense to "collect" smaller transactions balances into a single account during low activity?

My understanding is that it's possible for extra bitcoins to be left in several accounts within my wallet. The scattering of these coins into different accounts may cause future transactions to ...
makerofthings7's user avatar
4 votes
1 answer
3k views

What is the Default Rounding for 8 digits in Binance,tradingview,etc

I have a problem. I am struggling to calculate programmatically the number of cryptocurrencies because I sometimes have inaccuracies in the last digit. Does anybody know what the problem is? (Of ...
Panagiotis Drakatos's user avatar
4 votes
4 answers
451 views

Mining costs, impact on long term viability of BTC [closed]

Given the rapidly rising difficulty level and electricity consumption, is the protocol sustainable as-is, and if not what is most likely to happen in the evolution of BTC?
Bradley Thomas's user avatar
3 votes
2 answers
3k views

Transaction with highest fee, but stuck, what did I do wrong?

I recently sent btc that appears to be stuck (https://live.blockcypher.com/btc/tx/c131d65d933e343f852021830b833123de952c1857f264503388cf642655c457/) The interesting thing is that I used a higher fee (...
Jacob M.'s user avatar
3 votes
2 answers
1k views

Why is the mining fee so high? [closed]

I recently bought $15 CAD worth of bitcoin from an bitcoin ATM nearby, only to receive $5.87 CAD worth of bitcoin(0.00047179BTC). I am assuming this is because of the miners fee. Why is it getting ...
Matthew N's user avatar
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1 answer
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Did I pay a fee to transfer from Coinbase to Blockchain?

I recently transferred from Coinbase to my Blockchain wallet. At the time and in my transaction summary it shows a fee of .0002 . However I still have the same amount I started with. Who paid this fee?...
user16864's user avatar
3 votes
3 answers
246 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 ...
Haseeb Saeed's user avatar
3 votes
1 answer
380 views

I've found two mined txs with no fee

I was debugging my little project and I've found this pair of txs without fees (they caused an alarm): [txId=e8f6f08430ab6b1f3e645f499cf90c69acf2eb8a8d9766abb9d76314f29209dd, fees=0, weight=879600], [...
dev7ba's user avatar
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3 votes
2 answers
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Will lightning network efficiently support a single payment of 25 cents?

Suppose my website sells emojis for 25 cents a piece. And I get 1000 unique customers that each buy just one. Will lightning network or any other technology allow me to process these transactions ...
Mark Beckwith's user avatar
3 votes
3 answers
4k views

createrawtransaction, multiple outputs, single input?

following the manual on https://bitcointalk.org/index.php?topic=101525.0 , i would like to merge multiple fractions of BTC from multiple addresses i own, to another single address i own(reassemble, ...
kanojo's user avatar
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3 votes
3 answers
962 views

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?
Arjun Reddy's user avatar
3 votes
1 answer
684 views

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 ...
walamagic's user avatar
3 votes
3 answers
2k views

Strategies to Reduce High Transaction Fees in a Cryptocurrency Marketplace?

I’m building a cryptocurrency marketplace where users mainly buy and sell small ticket items (worth $10 - $50) using cryptocurrency. However, the "miner fees" are making it prohibitively ...
S.O.S's user avatar
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3 votes
1 answer
1k views

How do I send bitcoin to multiple recipients at once?

How do I send bitcoin to multiple recipients at once? Like this. Also, I would like to know if the reason I see people do this is for privacy reasons? As when I sell items online they usually send the ...
Several's user avatar
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3 votes
2 answers
321 views

What were 'high-priority' transactions in Bitcoin Core v0.9?

I came across these release notes for Bitcoin Core 0.9 and saw this quote under 'Transaction Fees'. Does this distinction between 'high-priority' and 'highest-fee' transactions still exist? What ...
Darius's user avatar
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