dust coins | Bitcointalksearch.org

ranochigo

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Quote from: Kprawn on June 23, 2014, 06:54:06 AM

Most of the faucets do not pay out, until you accumulate +/- 5000 to 6000 satoshi. Does this qualify as dust then? They mostly do that, to decrease tx cost, when they send it to you.

What amount can then be defined as "dust"

Should it not be defined as "dust" when the tx fee to send it, is higher than the amount itself? Huh

I believe for an output to considered as dust amount, the output must be less than 5430 Satoshis. If you consider it not to be dust when the transaction fee is higher than the outputs, people would be spamming the whole network with one satoshis.

Kprawn

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Most of the faucets do not pay out, until you accumulate +/- 5000 to 6000 satoshi. Does this qualify as dust then? They mostly do that, to decrease tx cost, when they send it to you.

What amount can then be defined as "dust"

Should it not be defined as "dust" when the tx fee to send it, is higher than the amount itself? Huh

mezmerizer9

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Quote from: bitkilo on June 23, 2014, 05:54:39 AM

Quote from: mezmerizer9 on June 22, 2014, 06:06:28 PM

Quote from: bitkilo on June 22, 2014, 02:10:53 AM

What are people talking about when the say dust coins when referring to bitcoin payments from free bitcoin sites?

Payment is so little it's just sad and a waste of time. You could faster get a member status here and recieve a payment then get some valuable amount of btc.

What is a normal btc payout for posting as a member?

Well that depends from a service provider. Go to the Marketplace- Services and find one that suites you.

bitkilo

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Good idea let's go into business (have u got an idea) Wink

DrG

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Time would better be spent creating a service or sell goods for BTC. Why chase 0.0005BTC when you can provide a skll/service/good for 0.05BTC with the same amount of time?

bitkilo

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Quote from: mezmerizer9 on June 22, 2014, 06:06:28 PM

Quote from: bitkilo on June 22, 2014, 02:10:53 AM

What are people talking about when the say dust coins when referring to bitcoin payments from free bitcoin sites?

Payment is so little it's just sad and a waste of time. You could faster get a member status here and recieve a payment then get some valuable amount of btc.

What is a normal btc payout for posting as a member?

bitkilo

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Quote from: InwardContour on June 22, 2014, 04:11:06 PM

Dust is generally considered to be amounts of bitcoin that is too small to send without a TX fee.

You will generally not be able to spend any inputs that are "dust"

I read somewhere that someone had made a program that would allow you to send a TX without any outputs (the entire TX is a miners fee) so the miners could collect this as a TX fee

If I mix bitcoins I have bought from say local bitcoins with my dust coins from these free sites is this a good idea or would I have trouble spending them worth extra fees? Sorry I'm a nube at this Sad

any link 2 this program would be good.

InwardContour

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Quote from: CEG5952 on June 22, 2014, 04:27:47 PM

Dust is pretty expensive to send, currently. Not worth it, technically. But, when transaction fees are adjusted in the future, this may not be true. And "dust" may refer to amounts another decimal point or two down.

You cannot actually spend dust as the TX fees would exceed the value of the dust

mezmerizer9

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Quote from: bitkilo on June 22, 2014, 02:10:53 AM

What are people talking about when the say dust coins when referring to bitcoin payments from free bitcoin sites?

Payment is so little it's just sad and a waste of time. You could faster get a member status here and recieve a payment then get some valuable amount of btc.

CEG5952

hero member

Activity: 658

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Buy and sell bitcoins,

Dust is pretty expensive to send, currently. Not worth it, technically. But, when transaction fees are adjusted in the future, this may not be true. And "dust" may refer to amounts another decimal point or two down.

InwardContour

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Dust is generally considered to be amounts of bitcoin that is too small to send without a TX fee.

You will generally not be able to spend any inputs that are "dust"

I read somewhere that someone had made a program that would allow you to send a TX without any outputs (the entire TX is a miners fee) so the miners could collect this as a TX fee

ranochigo

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Quote from: bitkilo on June 22, 2014, 05:38:19 AM

That explains why when I sent 5 cents from one wallet to another it cost me 15 cents in fees. All the coins I have are from free bitcoin sites. Angry

In the future when each coin had been spent many times will this increase fees?

Nope, your fees are calculated by the size of your transaction, having more inputs or outputs will require you to add extra fees. It doesn't matter how much time it was spend, if it is calculated using that, fees would be 1BTC now. In your case, you had a lot of inputs which requires you to add some fees. Even without so many outputs, your 5cent transaction will still require a fee since it is a dust transaction.

Ludi

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That's another reason why faucets are a waste of time and why they have such high minimum balances before you can withdraw.

bitkilo

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That explains why when I sent 5 cents from one wallet to another it cost me 15 cents in fees. All the coins I have are from free bitcoin sites. Angry

In the future when each coin had been spent many times will this increase fees?

Ludi

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Quote from: Penis on June 22, 2014, 02:32:42 AM

Generally very small amounts of bitcoins, i.e. the stuff you'd normally get from faucets and the like.

EDIT: Does anyone know what the precise limit for "dust" is? I find faucet payments of ~10,000 sats to be quite useful because they can be used for paying fees when moving larger amounts around.

They can be useful for stuff like that, but they can also not be worth sending if it's a tiny amount, hence why they're called dust.

DrG

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Quote from: Penis on June 22, 2014, 02:32:42 AM

Generally very small amounts of bitcoins, i.e. the stuff you'd normally get from faucets and the like.

EDIT: Does anyone know what the precise limit for "dust" is? I find faucet payments of ~10,000 sats to be quite useful because they can be used for paying fees when moving larger amounts around.

You don't know that if you add dust to your wallet it actually increases the amount of fees you have to pay? If some of the dust is going in the actual payment amount then it gets added into the trans info and ends up making it larger in size, so you end up paying larger fees. It's best to avoid adding dust to any wallet with a sizable amount.

SOAD

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Quote from: Penis on June 22, 2014, 02:32:42 AM

Generally very small amounts of bitcoins, i.e. the stuff you'd normally get from faucets and the like.

EDIT: Does anyone know what the precise limit for "dust" is? I find faucet payments of ~10,000 sats to be quite useful because they can be used for paying fees when moving larger amounts around.

I don't think there is a precise number on what dust is. It's just generally very small ammounts of coins.

ranochigo

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Usually transactions less than 5430Satoshis. Network discourages it by requiring a small fee. They can spam the network's resources and slows down the confirmations of transactions if it is confirmed without requiring a fee.

Nobitcoin

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In holiday we trust

For example you get a payment of 200 satoshi that equals 0.00000200 and for microwallet you need a min of 5500 roughly for minimum. And roughly one dollar is 0.0015.

Penis

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Generally very small amounts of bitcoins, i.e. the stuff you'd normally get from faucets and the like.

EDIT: Does anyone know what the precise limit for "dust" is? I find faucet payments of ~10,000 sats to be quite useful because they can be used for paying fees when moving larger amounts around.

Topic: dust coins (Read 1320 times)