Clarification regarding calculating fees for a raw transaction

PangPang

hero member

Activity: 499

Merit: 500

Quote from: bitnanigans on October 24, 2014, 06:07:14 PM

Oh, so that means, a transaction can be safely sent without fees if:
It is smaller than 1000 bytes AND all outputs are 0.01 BTC or larger AND the priority is large enough.

For some reason, I was thinking only one of the conditions had to be met, but I guess that's what happens when you haven't slept for 36 hours straight.

You are absolutely right. Your transaction need to satisfy all three conditions at the same time.

bitnanigans

sr. member

Activity: 266

Merit: 250

Oh, so that means, a transaction can be safely sent without fees if:
It is smaller than 1000 bytes AND all outputs are 0.01 BTC or larger AND the priority is large enough.

For some reason, I was thinking only one of the conditions had to be met, but I guess that's what happens when you haven't slept for 36 hours straight.

Foxpup

legendary

Activity: 4536

Merit: 3188

Vile Vixen and Miss Bitcointalk 2021-2023

Not if it doesn't meet the other conditions, no.

bitnanigans

sr. member

Activity: 266

Merit: 250

I've been reading up on how to create transactions, and I have stumbled upon some confusing details that I'd like to clarify. According to https://en.bitcoin.it/wiki/Transaction_fees, it says:

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)

Emphasis mine. It then goes on to state, "As an example, a fee of 0.1 mBTC (0.0001 BTC) would be added to a 746 byte transaction." This is where I get confused.

Does this mean that transactions below 1000 bytes cannot be sent without fees?

Thanks.

Topic: Clarification regarding calculating fees for a raw transaction (Read 1084 times)