i thought transaction fees are optional? - page 2.

Stephen Gornick

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Quote from: triplehelix on March 04, 2012, 01:52:57 AM

do you have one that is more specific in estimating? like roughly x small transactions or in wallet less than x amount of time?

I think it was something like 0.0001 BTC per 1K of transaction size, minimum 0.0005 BTC. The wiki article needs an update:
- https://en.bitcoin.it/wiki/Transaction_fees

[update: not sure which is the correct source]
- https://github.com/bitcoin/bitcoin/blob/master/src/main.h#L550
- https://github.com/bitcoin/bitcoin/blob/master/src/wallet.cpp#L1100

triplehelix

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Quote from: Stephen Gornick on March 04, 2012, 01:11:25 AM

You probably meant to write 0.0005 BTC? (which is a fraction of a penny, at the current exchange rate)

yes, sorry about that. i know its not much money, just trying to figure it out.

Quote

that is a pretty small amount being transferred (under a U.S. Dollar's worth of bitcoin) and is just a couple days old. The client will consider that to be "spammy" and require the fee.

- http://en.bitcoin.it/wiki/FAQ#How_much_will_the_transaction_fee_be.3F

thanks for the link. definitely helped a lot. do you have one that is more specific in estimating? like roughly x small transactions or in wallet less than x amount of time?

Stephen Gornick

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Quote from: triplehelix on March 04, 2012, 12:18:32 AM

but included a transaction fee of .005 BTC.

You probably meant to write 0.0005 BTC? (which is a fraction of a penny, at the current exchange rate)

Quote from: triplehelix on March 04, 2012, 12:51:43 AM

the .15 was 2 transactions in to my wallet. they were only there for a day or two, but had tons of verifications.

that is a pretty small amount being transferred (under a U.S. Dollar's worth of bitcoin) and is just a couple days old. The client will consider that to be "spammy" and require the fee.

- http://en.bitcoin.it/wiki/FAQ#How_much_will_the_transaction_fee_be.3F

triplehelix

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Quote from: Raoul Duke on March 04, 2012, 12:33:17 AM

You are not wrong. And the software is not wrong.

One of 2 things happened:

Those .15 BTC were composed mainly from a lot of small amounts
Those BTC were on you wallet for less that a couple days

Or maybe a combination of both those reasons.

the .15 was 2 transactions in to my wallet. they were only there for a day or two, but had tons of verifications.

how is the transaction fee calculated?

Raoul Duke

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You are not wrong. And the software is not wrong.

One of 2 things happened:

Those .15 BTC were composed mainly from a lot of small amounts
Those BTC were on you wallet for less that a couple days

Or maybe a combination of both those reasons.

triplehelix

member

Activity: 84

Merit: 10

using Bitcoin version 0.5.2, just playing around to get as familiar as possible. had .15 BTC and was trying to send all of it to another address. kept telling me that i didn't have enough including the .005 transaction fee.

peeked in the settings, optional transaction fee include was set to 0.0000000 BTC, tried again, same thing.

so i dropped the amount and it sent successfully, but included a transaction fee of .005 BTC.

where am i going wrong?

Topic: i thought transaction fees are optional? - page 2. (Read 3411 times)