Topic: About transaction fees. (Read 1673 times)
okey, thank you for suggestion.
So high fee=fast transfer
Is it correct?
Is it correct?
transfer is instant, confirmation isn't. if you mean confirmation then the answer is yes, if you paid the miners high enough fee they will include your transaction in the next block tho the next block could be in a minute up to 1 hour so you still have to wait a little bit
There are no mandatory fees. You should be able to set the fee to any value you want. The main effect of the fee is in how fast the transaction makes it into the block chain. If the network is really busy, you may need a higher fee to get your transaction in. I don't recommend a 0 fee, but pay something at a minimum if you're not in a rush to make the transaction.
So high fee=fast transfer
Is it correct?
Is it correct?
transfer is instant, confirmation isn't. if you mean confirmation then the answer is yes, if you paid the miners high enough fee they will include your transaction in the next block tho the next block could be in a minute up to 1 hour so you still have to wait a little bit
Exactly. This is want I experience from my bitcoin core to my local exchange was an instant when I increased the miners fee. I was quite surprised though, in minutes I got my bitcoin and I was looking at the blockchain and saw in confirm already. Check my local wallet then and exchange it to my local currency smooth and flawless.
So high fee=fast transfer
Is it correct?
Is it correct?
transfer is instant, confirmation isn't. if you mean confirmation then the answer is yes, if you paid the miners high enough fee they will include your transaction in the next block tho the next block could be in a minute up to 1 hour so you still have to wait a little bit
So high fee=fast transfer
Is it correct?
Is it correct?
What is a current transaction fee for Bitcoin network?
0.0001BTC ~ NORMAL FEES.
NOW THE FEE IS SO HIGH DUE TO HARD FORKING AND BITCOIN PRICE
NOW THE FEE IS SO HIGH DUE TO HARD FORKING AND BITCOIN PRICE
How much will transaction fees eventually be?
Each and every wallet site contributors have the minimum level of transaction amount for bitcoins. Simply to say you cannot send the little satoshis. By default wallet has minimum amount of fee and its enough to get transferred the bitcoin to one to another wallet. Normally it takes 2 or 4 confirmations to complete one transaction.
Yes sir and you may adjust your wallet settings for its fee according to its priority level for quick confirmation the quickest you want the more higher fee
hi sir i have some question
how many fee require to fast confirm my transaction ?
because i get 1 confirm in next hours
thanks sir if you answer my question
how many fee require to fast confirm my transaction ?
because i get 1 confirm in next hours
thanks sir if you answer my question
As far as I know, every sites has their own transaction fees and these days it is getting larger and larger making it a pain for users. The higher the fee, the faster the transaction will be.
How much will transaction fees eventually be?
That is difficult to know, the concept of supply and demand applies here, demand is high but supply is limited, so the fees go higher and that is exactly what happened, there are some proposed solutions to try to remedy that, but we are in the middle of a political debate about which one is better.Yeah, I really hope we can find a good solution to lower bitcoin fees without causing any negative consequences to Bitcoin.
How much will transaction fees eventually be?
That is difficult to know, the concept of supply and demand applies here, demand is high but supply is limited, so the fees go higher and that is exactly what happened, there are some proposed solutions to try to remedy that, but we are in the middle of a political debate about which one is better. 
transaction fees btc 0.0003btc
this is large amount
this is large amount
it depends on several factors like :
1. SIZE OF YOUR TRANSACTION
2. BLOCK REWARD
3. TRANSACTION FEES
1. SIZE OF YOUR TRANSACTION
2. BLOCK REWARD
3. TRANSACTION FEES
Okay, i appreciate your answer.
How do miners pick the transactions. Is it by actually looking at it on a computer and clicking yes or no, or is it done automatically by an algorithm
It is typically done automatically by an algorithm, but some of the mining pools do allow certain users to pick specific transactions to add if they want to.
It really is up to the mining pool (or solo miner) how they want to choose the transactions for their block.. They can use a standard algorithm, they can write their own algorithm, they can pick one at a time themselves. There are no rules in the protocol about how miners (and pools) choose transactions to confirm. As long as the transaction is valid, they can pick it if they want to.
Most will set a priority to higher fees though of course. If you're sending 10 Satoshis/byte they'll have to have a written letter from you explaining why you need the money for your dying aunt or something lol. All I've heard and seen from pools is higher fees are accepted over lower, but yes in the protocol level they could technically accept whatever tx's based on nothing.
How much will transaction fees eventually be?
Each and every wallet site contributors have the minimum level of transaction amount for bitcoins. Simply to say you cannot send the little satoshis. By default wallet has minimum amount of fee and its enough to get transferred the bitcoin to one to another wallet. Normally it takes 2 or 4 confirmations to complete one transaction.
How much will transaction fees eventually be?
For me the higher the better to avoid stuck transactions in the Blockchain.You can use this website to know what is the proper fee for every transaction : https://bitcoinfees.21.co/#fees
How do miners pick the transactions. Is it by actually looking at it on a computer and clicking yes or no, or is it done automatically by an algorithm
It is typically done automatically by an algorithm, but some of the mining pools do allow certain users to pick specific transactions to add if they want to.
It really is up to the mining pool (or solo miner) how they want to choose the transactions for their block.. They can use a standard algorithm, they can write their own algorithm, they can pick one at a time themselves. There are no rules in the protocol about how miners (and pools) choose transactions to confirm. As long as the transaction is valid, they can pick it if they want to.
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