Topic: How to reduce LTC transaction fees from p2pool mining? (Read 775 times)
Only option is to try to wait some time NOT receiving new transactions. But I suggest you to google more about "fees on large transactions" issue to be 100% confident.
Ah, when you have "zillion" of bits from various blocks - fee is applied on each KB of transaction. When you collect alot of different bits from various blocks - transaction become quite heavy in kilobytes. That's the case, I guess. Double-check that you do not have anything set in "optional transaction fee for faster processing" under "main" tab in options of your litecoin-qt.
Thanks, that explains it. So there is no way I can send those coins to some other address without being slammed by fee?
Ah, when you have "zillion" of bits from various blocks - fee is applied on each KB of transaction. When you collect alot of different bits from various blocks - transaction become quite heavy in kilobytes. That's the case, I guess. Double-check that you do not have anything set in "optional transaction fee for faster processing" under "main" tab in options of your litecoin-qt.
That's why I mine on "no login needed" pools. p2pool have such ability as well
What do you mean by that?
Maybe I misunderstood the question, but I'm not getting any additional fees on receiving coins from mining into my wallet.
I believe you misunderstood question.
I'm running p2pool myself that is connected to my wallet and I do have few old computers that are doing mining on that p2pool. Now, in my wallet I have zillion transactions all like 0.02 - 0.04 LTC
And I'm running it for a few days now and collected just above 10 LTC so far. When I wanted to transfer 9 LTC to my friend I got prompted that I don't have enough LTC after 6 LTC transaction fee is applied...
Do you have explanation why is that
Thanks
That's why I mine on "no login needed" pools. p2pool have such ability as well
What do you mean by that?
Maybe I misunderstood the question, but I'm not getting any additional fees on receiving coins from mining into my wallet.
That's why I mine on "no login needed" pools. p2pool have such ability as well
What do you mean by that?
That's why I mine on "no login needed" pools. p2pool have such ability as well
Apparently a new version of LTC is coming out with lowered fee's. 
Is this happening soon?
I tried to send 9 LTC to my friend and transaction fee was 6 LTC. Insane isn't it?
Is there any way I can consolidate my LTC from the address that my p2pool is using to deposit micro deposits, into another wallet address with no transactions fees. It is ridicilous that I have to pay 66% fee on my transactions.
Or is there a way to run my run_p2pool.exe so it doesn't give me multiple micro deposits but just one larger in amount.
Apparently a new version of LTC is coming out with lowered fee's.
This would be great to know, to transfer 3LTC it costs me 1.6LTC, which makes no sense...
I did read that the age of the LTC reduces the fees, but I don't know if they meant age in terms of days sitting in your wallet, or age in terms of number of confirmations.
This would be great to know, to transfer 3LTC it costs me 1.6LTC, which makes no sense...
Does anyone know how to reduce LTC transaction fees from p2pool mining? To transfer 1LTC a dialog box pops up asking for a 0.6LTC transfer fee.
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