Topic: How to calculate miner's fees? Googled info only confused me more! Thanks! (Read 563 times)
February 22, 2014, 11:36:25 PM
Yeah pretty new also, i just payed out 1.07 btc to someone and asked for 0.0001 btc. Well don't seem that bad considering what other fees are.
February 22, 2014, 08:16:51 PM
I've sent shedloads of transactions all with the generally standard 0.0001 multibit default fee and haven't had any trouble.
February 22, 2014, 07:48:59 PM
OK, I googled it and the internets said that there is a 0.0001 BTC fee per 1000 bytes. However, how many bitcoins are in a byte? Electrum asks me to type in a fee but doesn't tell me how much to type in. So I typed in a 0.0001 BTC fee, hit "enter" and crossed my fingers. Someone please tell me the fee schedule of BTC charged per BTC sent through. Thanks.
Jump to: