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Topic: 0.005 BTC send + 0.0012 BTC fee ... why to much? explain please... (Read 2435 times)

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Quote from: el kaka22 on June 16, 2015, 08:20:32 AM

Quote from: Muhammed Zakir on June 16, 2015, 07:09:48 AM

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

-snip- then use another wallet (like blockchain.info that I'm using).

Move your coins out of Blockchain.info wallet. https://bitcointalk.org/index.php?topic=1085983.0;all

Which wallet can I use? I use my bitcoins on my phone, but I have bad experience using the Android wallet.
-snip-

Bither - https://play.google.com/store/apps/details?id=net.bither&hl=en
Schildbach's Bitcoin Wallet - https://play.google.com/store/apps/details?id=de.schildbach.wallet
Mycelium - https://play.google.com/store/apps/details?id=com.mycelium.wallet
GreenAddress - https://play.google.com/store/apps/details?id=it.greenaddress.cordova

Quote from: erikalui on June 16, 2015, 08:26:19 AM

Use Xapo instead and you don't need to worry about the transaction fee as it's free.

Blockchain is ridiculous when it comes to fees especially when you receive money from faucets. They charged me $0.6 fee when I had to send just $1 from my wallet and hence I stopped using faucets long back due to this issue and now I only use Xapo.

The regular fee of Blockchain if you receive big amounts (>$1) is 0.0001 ($0.02) which is OK.

Xapo is not secure. You need to fully trust them with your money and that is not good. I recommend GreenAddress if you are going for an online wallet.

mrhelpful

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Just letting you know that custom function is on most wallets.

Its also on the desktop wallets like btc-qt - click custom then set the amount to zero. It not completely zero now, but it`ll take almost next to nothing to send the btc and there isnt that much delay either which is the sad part.

ranochigo

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Crypto Swap Exchange

Quote from: ?? on ??

Well, that's why few people don't use faucet anymore. They will create huge transaction Sad

But, good thing that you already move all small inputs. I bet the receiver will be mad Grin

-snip-

There are faucets which run on the API provided by a service and they will consolidate the payments from different faucets into one block of transaction with the amount being the minimum withdrawal limit you or they specify.
I guess you don't quite understand the concept. The transaction consolidates all the small inputs into one output. With one output, the reciever wouldn't have to use much fees. The size from the previous transaction doesn't affect the size of the next transaction.

ranochigo

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Quote from: BITCOINERSEJATI on June 16, 2015, 09:33:59 AM

Quote from: erikalui on June 16, 2015, 08:49:46 AM

Quote from: iram66680 on June 16, 2015, 08:30:44 AM

Quote from: erikalui on June 16, 2015, 08:26:19 AM

Xapo stores all your coins at a central address and won't care about how big is the transaction from your wallet as they don't need the funds to confirm easily. They have a big reserve behind them. And, Xapo is not secure enough. Bc.info is not too. But, Xapo can always run away with your funds on their hand. At least Bc.info can't run away with your funds on their hand.

Why blockchain can't shut down? Xapo also makes a user to verify their mobile number while Blockchain.info has no verification process. Xapo has introduced their own debit card as well and seem to be much more reliable than BC.info.

xapo is anonymous based, difficult to trace his purpose, that make some people like that

also i see yesterday some one not recomended using blockchain again, after maintenance and double spend problem

Since when? Xapo has never been anonymous at all. They do all kinds of verification while never promising any anonymity. It can log your IP at anytime. It can easily be traced too since they are done on a single server.

Blockchain.info has never had any double spend problem at all. The only problem they had that compromised the security was the flawed RNGs on two occasions which is the reason why everyone dislike blockchain.info.

BITCOINERSEJATI

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Quote from: erikalui on June 16, 2015, 08:49:46 AM

Quote from: iram66680 on June 16, 2015, 08:30:44 AM

Quote from: erikalui on June 16, 2015, 08:26:19 AM

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: erikalui on June 16, 2015, 08:49:46 AM

Quote from: iram66680 on June 16, 2015, 08:30:44 AM

Quote from: erikalui on June 16, 2015, 08:26:19 AM

Blockchain.info have a email verification in every login in my case. It will be secure if the email account is also secure.
I do have xapo wallet, and used it for faucet payouts. However since I was one of the early adopter to that site, I had an experience there that the minimum withdrawal is 0.001 BTC. Also they charge nothing to withdrawals while they pay 0.0001 to the miners actually. They are losing money on that. I doubt their consistency.

erikalui

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Quote from: iram66680 on June 16, 2015, 08:30:44 AM

Quote from: erikalui on June 16, 2015, 08:26:19 AM

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

I don't trust sites that don't give me full control of the address as they could scam me (even it had reputation). At blockchain.info, I can get my address' private key as a back up.
Also, I can set custom fee to 0.00001 at blockchain.info, so why I'm using it now.
About electrum, how can I use it on Android phone?

iram66680

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Quote from: erikalui on June 16, 2015, 08:26:19 AM

erikalui

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iram66680

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Quote from: el kaka22 on June 16, 2015, 08:20:32 AM

Quote from: Muhammed Zakir on June 16, 2015, 07:09:48 AM

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

-snip- then use another wallet (like blockchain.info that I'm using).

Move your coins out of Blockchain.info wallet. https://bitcointalk.org/index.php?topic=1085983.0;all

Which wallet can I use? I use my bitcoins on my phone, but I have bad experience using the Android wallet.

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

For your tx, it only need 0.0001 BTC as fees if you use that function.

Have you checked his transaction? He has a lot of inputs which increase fee.

I've checked his tx and it is at 9xxx bytes large, according to the rule of 0.00001 per KB, then the fee is 0.0001.

Electrum, armory are a few of the best choice, look at https://bitcoin.org/en/choose-your-wallet for more specific wallets for your operating systems.

If the fee is at 0.00001, the transaction is likely not to be confirmed within a short time. The transaction has low priority due to the size and coin age. The transaction fee is the only thing to help to speed up by pushing it infront of the queue or it may be included in the miners who force 0.0001 fee/kilobyte.

el kaka22

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Quote from: Muhammed Zakir on June 16, 2015, 07:09:48 AM

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

-snip- then use another wallet (like blockchain.info that I'm using).

Move your coins out of Blockchain.info wallet. https://bitcointalk.org/index.php?topic=1085983.0;all

Which wallet can I use? I use my bitcoins on my phone, but I have bad experience using the Android wallet.

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

For your tx, it only need 0.0001 BTC as fees if you use that function.

Have you checked his transaction? He has a lot of inputs which increase fee.

I've checked his tx and it is at 9xxx bytes large, according to the rule of 0.00001 per KB, then the fee is 0.0001.

iram66680

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Quote from: pooya87 on June 16, 2015, 07:13:08 AM

Quote from: Snorek on June 16, 2015, 04:03:52 AM

Quote from: molly777 on June 16, 2015, 02:54:12 AM

Ok ... now everything works perfectly. Thanks you all for your help. Problem was solved but if you want continue with discussion about recommended fees. Maybe it helps to others who read it.

Yep you are right. I didn't know that having a lot of 'dust' in your wallet would bite you in the ass, after reading this thread I know. Also, one another reason to not use faucets.
In my wallet transaction fee is set to 0.00000000 and I never pay it, yet transactions are processed - fast and without problems, is that normally possible? Maybe my wallet is taking fee stealthily?

it depends on the priority of the transaction that you are sending. you have to include some transactions to be able to say for sure but they being confirmed fast might be because they have enough high priority that are included in the block, maybe due to small size.
i doubt that wallets include fees stealthy. and you can always check your address and see if your transactions have fees or not in an online block explorer like bci

the claim about it confirming fast might be one to two days. since only 50kilobytes in blocks are for transaction with high priority.
Either:
1. his coins have very high priority everytime. this is hardly possible since coin age is decreased everytime the input is spent.
2. his client is bugged and pays fees for him or the client automatically pays the fees for him

pooya87

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Quote from: Snorek on June 16, 2015, 04:03:52 AM

Quote from: molly777 on June 16, 2015, 02:54:12 AM

Ok ... now everything works perfectly. Thanks you all for your help. Problem was solved but if you want continue with discussion about recommended fees. Maybe it helps to others who read it.

Muhammed Zakir

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Activity: 560

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I prefer Zakir over Muhammed when mentioning me!

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

-snip- then use another wallet (like blockchain.info that I'm using).

Move your coins out of Blockchain.info wallet. https://bitcointalk.org/index.php?topic=1085983.0;all

Quote from: el kaka22 on June 16, 2015, 07:00:07 AM

For your tx, it only need 0.0001 BTC as fees if you use that function.

Have you checked his transaction? He has a lot of inputs which increase fee.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

If you want to decrease your fees, you can set the custom fee from 0.0001 per KB to 0.00001 per KB. If your wallet don't allow you to set that (like the Android wallet), then use another wallet (like blockchain.info that I'm using). I am setting the custom fee of 1000 satoshi per tx and it can confirm much faster than 0 fees. For your tx, it only need 0.0001 BTC as fees if you use that function.

Snorek

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Quote from: molly777 on June 16, 2015, 02:54:12 AM

Ok ... now everything works perfectly. Thanks you all for your help. Problem was solved but if you want continue with discussion about recommended fees. Maybe it helps to others who read it.

molly777

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Ok ... now everything works perfectly. Thanks you all for your help. Problem was solved but if you want continue with discussion about recommended fees. Maybe it helps to others who read it.

ranochigo

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Quote from: BITCOINERSEJATI on June 15, 2015, 09:24:53 PM

Quote from: molly777 on June 15, 2015, 05:59:32 AM

Hi... I send 0.005 BTC to cloud mining and total amount send was 0.0062 (that is 0.0012 fee). It's really a lot ... I study the fees a little and discover that will be fee because it's less than 0.01 but really to much? Can be the fee too high because i receive a lot of transactions what are small as 60 bits? Please explain me it a little bit and please tell me how to avoid it in the future. Thanks a lot.

Hash: https://blockchain.info/tx/cb8337e6635fadf423bb19fb4f8e2b147e85ccb8a41c8f1cff16d532be8f2052

Sended from blockchain wallet to scrypt.cc and I don't fill miners fee.

you can set miner fee
Open your wallet than click custom and fill miner fee you want, also you can set 0satosi fee but iam recomended 10k satosi or 0.0001BTC

0.0001 fee for a nearly 10kb transaction would never be enough. If I calculate correctly, the priority is 2,367,898. This transaction will not qualify for the 50kb max space in the block qualified for the high priority transactions. Hence, it would have to depend on the fees/kb if it pays 0.00001/kb, the transaction would be rank at the bottom. Please correct me if I'm wrong.

subSTRATA

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:^)

most likely your funds were mostly accumulated "dust" and with the number of outputs, the transaction size was incredibly large, causing your tx fee to be that high.

size of tx: ((numberOfInputs*148)+(numberOfOutputs*34)+10)