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Topic: Blockchain to high fee (1.66$) ??? - page 2. (Read 963 times)

legendary
Activity: 1848
Merit: 1000
June 01, 2017, 03:06:02 AM
#3
I remember a time when a selling point of bitcoin was that you could send money anywhere for free or at least for hardly anything, I suppose with a fee of $1 or $2 it is still better than a lot of places.

I wonder how the faucets are handling this nowadays, I guess they would need to have a much larger minimum withdrawl limit.
hero member
Activity: 574
Merit: 500
ClaimWithMe - the most paying faucet of all times!
June 01, 2017, 03:01:07 AM
#2
Due to the high network fees right now you're unlikely to move that satoshi. 

The current recommended fee would require paying more than that for the median transaction size.  If you've accepted more than one transaction (input) to own that 78,000 satoshi, the transaction fee will end up being even higher than that.  As it suggests:

Quote
The fastest and cheapest transaction fee is currently 360 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 81,360 satoshis

Blockchain.info is known for weird fee estimation, so they could not even be paying that fee and it's impossible to tell.

If Blockchain was actually setting the correct fee (unlikely), you could probably get away with sending a fee of about a third less than that and it would still go through.  However, the receiver would not be able to spend that satoshi that you send and it would be completely worthless.

jr. member
Activity: 128
Merit: 3
June 01, 2017, 02:12:42 AM
#1
I have a problem with Blockchain fee...
I have on some my address 78k satoshi but when I want to send "Use total available minus fee: 0 BTC"
if someone can help me or if someone knows that change fee???
Thanks
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