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Topic: HOWTO: calculate transaction fees (Read 531 times)

hero member
Activity: 630
Merit: 500
March 01, 2013, 07:05:44 PM
#1
The client checks the size of the transaction in bytes. The size depends on the numbers of inputs and outputs, and is roughly:

148 * number_of_inputs + 34 * number_of_outputs + 10

If this size is less than 10,000 bytes and the transaction's priority was high enough to qualify as free, then the transaction still qualifies as free, otherwise a fee is required. The fee is charged per 1000 bytes or part thereof. The amount charged per 1000 bytes defaults to 0.0005 BTC

Full article at http://bitcoinfees.com

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