How to get Cheap Fees for Bitcoin transaction

HCP

legendary

Activity: 2086

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Quote from: riffaz on May 23, 2017, 07:25:16 AM

when I try VIABTC I am getting this:

http://i67.tinypic.com/6ifbbc.jpg

what does it mean?
1. Submissions are beyond limit. Please try later.
2. Your remaining Customer-Only use: 0 Times

1. Exactly what it says... They only accept 100 transactions per hour. You pretty much have to submit in the first minute of a new hour to have any chance of getting one of those 100 slots these days.

2. For some reason, you have created an account and signed in. This is NOT needed for the free service. That is only necessary for people who have a cloud mining account or are part of the ViaBTC mining pool. They can get "extra" submissions. Click the "Sign Out" button.

riffaz

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Merit: 100

eCommerce Web Developer & Customer Support -remote

Quote from: Wandering Soul~ on May 23, 2017, 01:30:49 AM

Quote from: riffaz on May 22, 2017, 11:45:24 PM

yesterday I tried and the transaction fees was 0.003 to send out 0.00123 btc

what's the point of charging transaction fees higher than the amount we want to send?

Then I defined a small transaction fees and now it's not confirmed yet.

https://blockchain.info/tx/0887624a4fbbd7592ad111e15d0035cba06cdc935145f281cb5193e5859aeaef

Miner fees are calculated based on its size, Your transaction size is too big: 3,432 bytes . Based on https://bitcoinfees.21.co/ . The fastest and cheapest fee is 330 satoshis/byte so 330*3,432 is equal to the your transactions recommended fee 1, 132,560 . You should accelerate this using viabtc .

Quote from: dasgardo87 on May 22, 2017, 11:51:41 PM

i think because your size are too big, btw how can you get so many input?

someone can tell me how we can know if our input address come from single address or multiple? thank you

When you are spending your coins, The inputs used are unspent transaction outputs (UTXO's) (your previously received amounts) so if you are spending it, blockchain will have to list them all separately .

when I try VIABTC I am getting this:

what does it mean?
1. Submissions are beyond limit. Please try later.
2. Your remaining Customer-Only use: 0 Times

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

Quote from: riffaz on May 22, 2017, 11:45:24 PM

yesterday I tried and the transaction fees was 0.003 to send out 0.00123 btc

what's the point of charging transaction fees higher than the amount we want to send?

Then I defined a small transaction fees and now it's not confirmed yet.

https://blockchain.info/tx/0887624a4fbbd7592ad111e15d0035cba06cdc935145f281cb5193e5859aeaef

Miner fees are calculated based on its size, Your transaction size is too big: 3,432 bytes . Based on https://bitcoinfees.21.co/ . The fastest and cheapest fee is 330 satoshis/byte so 330*3,432 is equal to the your transactions recommended fee 1, 132,560 . You should accelerate this using viabtc .

Quote from: dasgardo87 on May 22, 2017, 11:51:41 PM

i think because your size are too big, btw how can you get so many input?

someone can tell me how we can know if our input address come from single address or multiple? thank you

When you are spending your coins, The inputs used are unspent transaction outputs (UTXO's) (your previously received amounts) so if you are spending it, blockchain will have to list them all separately .

dasgardo87

full member

Activity: 233

Merit: 100

Quote from: riffaz on May 22, 2017, 11:45:24 PM

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

blockhain are high around 0.001 just to send 0.005 btc

yesterday I tried and the transaction fees was 0.003 to send out 0.00123 btc

what's the point of charging transaction fees higher than the amount we want to send?

Then I defined a small transaction fees and now it's not confirmed yet.

https://blockchain.info/tx/0887624a4fbbd7592ad111e15d0035cba06cdc935145f281cb5193e5859aeaef

i think because your size are too big, btw how can you get so many input?

someone can tell me how we can know if our input address come from single address or multiple? thank you

riffaz

full member

Activity: 148

Merit: 100

eCommerce Web Developer & Customer Support -remote

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

blockhain are high around 0.001 just to send 0.005 btc

yesterday I tried and the transaction fees was 0.003 to send out 0.00123 btc

what's the point of charging transaction fees higher than the amount we want to send?

Then I defined a small transaction fees and now it's not confirmed yet.

https://blockchain.info/tx/0887624a4fbbd7592ad111e15d0035cba06cdc935145f281cb5193e5859aeaef

dasgardo87

full member

Activity: 233

Merit: 100

Quote from: Wandering Soul~ on May 22, 2017, 11:06:00 PM

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

Hello guys

lately the fees i got from exchange and blockhain are high around 0.001 just to send 0.005 btc

so my question, how to get cheap fees for BTC? i just read that the fees also change when number of input and output different. should i use personal wallet? and if i do how much fees i should pay for every 0.001 BTC?

Thats all thank you

Miner fees depends on the transaction size (in bytes), the amount of money you have to send has nothing to do with it, It is the output and the inputs .
I suggest using a wallet that has a dynamic fees like electrum and stop using crappy web wallets like blockchain.info and coinbase .

If you want to learn how much miner fee is appropriate for your transaction, Refer here: https://bitcoinfees.21.co/

Quote from: jackg on May 22, 2017, 05:29:15 PM

if you don't have very much Bitcoins, I'd suggest you try somewhere like Coinbase.com as I don't they charge any transaction fees (they cover them themselves).

If you're sending an internal transaction (coinbase to coinbase) the miner fee will be shouldered by them if its and external transaction (coinbase to other wallet), the user will have to pay the miner fee

In the past they are shouldering all miner fees but its kinda different now: https://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-

Hi thank you for reply yes sadly when i read coinbase forward fees to the user now

yes my second plan are to use appropriate fees that being refer by http://bitcoinfees.21.co/

the link to calculate if someone need it too https://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending

Or

http://www.mocacinno.com/estimatefee.php

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

Hello guys

lately the fees i got from exchange and blockhain are high around 0.001 just to send 0.005 btc

so my question, how to get cheap fees for BTC? i just read that the fees also change when number of input and output different. should i use personal wallet? and if i do how much fees i should pay for every 0.001 BTC?

Thats all thank you

Miner fees depends on the transaction size (in bytes), the amount of money you have to send has nothing to do with it, It is the output and the inputs .
I suggest using a wallet that has a dynamic fees like electrum and stop using crappy web wallets like blockchain.info and coinbase .

If you want to learn how much miner fee is appropriate for your transaction, Refer here: https://bitcoinfees.21.co/

Quote from: jackg on May 22, 2017, 05:29:15 PM

if you don't have very much Bitcoins, I'd suggest you try somewhere like Coinbase.com as I don't they charge any transaction fees (they cover them themselves).

If you're sending an internal transaction (coinbase to coinbase) the miner fee will be shouldered by them if its and external transaction (coinbase to other wallet), the user will have to pay the miner fee

In the past they are shouldering all miner fees but its kinda different now: https://support.coinbase.com/customer/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-

dasgardo87

full member

Activity: 233

Merit: 100

Quote from: jackg on May 22, 2017, 05:29:15 PM

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

Hello guys

lately the fees i got from exchange and blockhain are high around 0.001 just to send 0.005 btc

so my question, how to get cheap fees for BTC? i just read that the fees also change when number of input and output different. should i use personal wallet? and if i do how much fees i should pay for every 0.001 BTC?

Thats all thank you

That's not that simple as a question. Firstly, if you don't have very much Bitcoins, I'd suggest you try somewhere like Coinbase.com as I don't they charge any transaction fees (they cover them themselves).

To answer the other question, what size are your incoming transactions?
Fees are calculated by KB (kilobyte) which is number of input scripts (input transactions) + number of output scripts (number of outgoing transactions)+k.
This means that the fewer the transactions going into your address at a higher rate, the cheaper outgoing transactions are.

Hi thank you for replying here

btw can i ask when the last time do you use conbase to transfer out BTC to other address? Since from what i find in internet coinbase now forward the fees to the user

https://bitcoin.stackexchange.com/questions/50766/does-coinbase-pay-for-my-transfer-fees
https://webcache.googleusercontent.com/search?q=cache:4sF-B-D1yNIJ:https://www.reddit.com/r/Bitcoin/comments/62x3gk/coinbase_fee/+&cd=12&hl=en&ct=clnk&gl=id

i just see that bitstamp offer 0 fee for deposit and withdrawal, wonder if it's true Sad

jackg

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Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: dasgardo87 on May 22, 2017, 03:28:31 PM

Hello guys

lately the fees i got from exchange and blockhain are high around 0.001 just to send 0.005 btc

so my question, how to get cheap fees for BTC? i just read that the fees also change when number of input and output different. should i use personal wallet? and if i do how much fees i should pay for every 0.001 BTC?

Thats all thank you

That's not that simple as a question. Firstly, if you don't have very much Bitcoins, I'd suggest you try somewhere like Coinbase.com as I don't they charge any transaction fees (they cover them themselves).

To answer the other question, what size are your incoming transactions?
Fees are calculated by KB (kilobyte) which is number of input scripts (input transactions) + number of output scripts (number of outgoing transactions)+k.
This means that the fewer the transactions going into your address at a higher rate, the cheaper outgoing transactions are.

dasgardo87

full member

Activity: 233

Merit: 100

Hello guys

lately the fees i got from exchange and blockhain are high around 0.001 just to send 0.005 btc

so my question, how to get cheap fees for BTC? i just read that the fees also change when number of input and output different. should i use personal wallet? and if i do how much fees i should pay for every 0.001 BTC?

Thats all thank you

Topic: How to get Cheap Fees for Bitcoin transaction (Read 647 times)