0 fees get into a block? | Bitcointalksearch.org

medUSA

legendary

Activity: 952

Merit: 1003

--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: Velkro on October 09, 2014, 09:41:59 AM

Thesee ruler are like sign "welcome spam"

Quote

All outputs are 0.01 BTC or larger.

The rules are adequate in keeping spam away. 0.01btc is not a small amount if used for spamming, it is $3 at current prices. Would you mind if you get spammed 0.01 everyday? I wouldn't.

Velkro

legendary

Activity: 2296

Merit: 1014

Thesee ruler are like sign "welcome spam"

Quote

A transaction may be safely sent without fees if these conditions are met:
It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)

priority = sum(input_value_in_base_units * input_age)/size_in_bytes

chanz

sr. member

Activity: 298

Merit: 250

Quote from: traderbit on October 09, 2014, 12:38:56 AM

What happens if a transaction is set to have zero fees?

What happens is it gets delayed. Miners don't pick the 0 fee transaction any time soon. So your only option is to wait
it will get an confirmed eventually.

jdany

hero member

Activity: 644

Merit: 500

Inspired

The blockchain (miners) will deal with unpaid transactions like a retail store would deal with someone with a sob story.
Eventually, someone in the store will take pity on them and let them participate - but, it won't be quickly. And it won't be efficiently. And it isn't good fort he store. And it isn't good for consumers.

medUSA

legendary

Activity: 952

Merit: 1003

--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: ezreal on October 09, 2014, 01:12:21 AM

theres always a mining fee. not sure how yours is zero.. unless its a enormous amount.

No, you can send small amounts without a fee and get comfirmed quickly. It all about maturity. These are examples I found in a recent block:

0.02btc No fee (2014-10-09 08:22:02 +16 minutes)
https://blockchain.info/tx/f7861b27f270dec9e7c7425849735d5fb75526e73800c713d61838aaabda35e5

0.01btc No fee (2014-10-09 08:22:02 +15 minutes)
https://blockchain.info/tx/420f40f02bda6995728967d032dc74f6ee538bad985135dca3ea2093af77fcf8

funnycoin

member

Activity: 61

Merit: 10

Quote from: szmarco on October 09, 2014, 04:04:27 AM

Quote from: traderbit on October 09, 2014, 12:38:56 AM

What happens if a transaction is set to have zero fees?

The tx may proceed after a very long time.
I used to sent some times. The longest time is 10 days.

Thanks for the information. Look like I can still send btc with zero fee if the tx is not urgent.

It's not a bad idea to do so especially if the amount I want to send is smaller than the standard fee.

szmarco

hero member

Activity: 574

Merit: 500

Quote from: traderbit on October 09, 2014, 12:38:56 AM

What happens if a transaction is set to have zero fees?

The tx may proceed after a very long time.
I used to sent some times. The longest time is 10 days.

BiTJack

hero member

Activity: 806

Merit: 1000

Read this one : FAQ: All About Unconfirmed 0 Confirmation Transaction Fee.

Peter882

hero member

Activity: 543

Merit: 500

Quote from: traderbit on October 09, 2014, 12:38:56 AM

What happens if a transaction is set to have zero fees?

https://en.bitcoin.it/wiki/Transaction_fees

Quote

A transaction may be safely sent without fees if these conditions are met:
It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)

priority = sum(input_value_in_base_units * input_age)/size_in_bytes

If your transaction doesn't satisdy the conditions, chances are it will never get confirmed.

ezreal

newbie

Activity: 42

Merit: 0

theres always a mining fee. not sure how yours is zero.. unless its a enormous amount.

traderbit

hero member

Activity: 798

Merit: 1000

What happens if a transaction is set to have zero fees?

Topic: 0 fees get into a block? (Read 1094 times)