Author

Topic: 0.012 btc wallet transaction fee? (Read 968 times)

donator
Activity: 1464
Merit: 1047
I outlived my lifetime membership:)
November 29, 2013, 10:47:07 PM
#9
If you wait a long time it may become economical to spend your dust. The transaction fee defaults go down periodically as price goes up but most miners don't change the default settings; the next version of Bitcoin-Qt will hopefully have a market based, free floating transaction fee.

legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 29, 2013, 10:14:01 PM
#8
Transaction priority is based on this formula " // Priority is sum(valuein * age) / txsize" taken straight from the source. If the priority of your transaction was bigger or equal to 57,600,000 it will be mined without a fee, but of course miners can choose their own rules.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
November 29, 2013, 10:11:53 PM
#7
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.

What's a "dust output"?

I've only ever send bitcoin a few times.  Transactions were around 1 to 3 btc in size.
Like coins from faucets etc.

EDIT:Just checked your signature and it's indeed full of very tiny outputs.

Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally.

If I hold what is in there for a while will that fee decrease, or will it stay as is?
While miners do prefer older coins, the fee will not change. You can try to consolidate those outputs little by little, but how, I can't help you there.

Never knew that haah!
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 29, 2013, 10:09:09 PM
#6
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.

What's a "dust output"?

I've only ever send bitcoin a few times.  Transactions were around 1 to 3 btc in size.
Like coins from faucets etc.

EDIT:Just checked your signature and it's indeed full of very tiny outputs.

Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally.

If I hold what is in there for a while will that fee decrease, or will it stay as is?
While miners do prefer older coins, the fee will not change. You can try to consolidate those outputs little by little, but how, I can't help you there.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
November 29, 2013, 10:06:13 PM
#5
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.

What's a "dust output"?

I've only ever send bitcoin a few times.  Transactions were around 1 to 3 btc in size.
Like coins from faucets etc.

EDIT:Just checked your signature and it's indeed full of very tiny outputs.

Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally.

If I hold what is in there for a while will that fee decrease, or will it stay as is?
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 29, 2013, 10:02:10 PM
#4
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.

What's a "dust output"?

I've only ever send bitcoin a few times.  Transactions were around 1 to 3 btc in size.
Like coins from faucets etc.

EDIT:Just checked your signature and it's indeed full of very tiny outputs.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
November 29, 2013, 09:57:48 PM
#3
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.

What's a "dust output"?

I've only ever send bitcoin a few times.  Transactions were around 1 to 3 btc in size.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 29, 2013, 09:38:38 PM
#2
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
November 29, 2013, 09:37:26 PM
#1
That's what my wallet wants to charge me??  I just wanted to send a total of 0.09 btc

That's like 12 dollars.

Can anyone explain?
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