Topic: Is it possible to send or receive bitcoin without any fees? (Read 657 times)
Yes it is but takes longer
You can send bitcoins safely without fees if your transaction meets certain criteria.
You may read everything here https://en.bitcoin.it/wiki/Transaction_fees although these are the default setting and every miner may change them.
You may read everything here https://en.bitcoin.it/wiki/Transaction_fees although these are the default setting and every miner may change them.
Yes but it will take longer to be confirmed in a block.
how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
Each miner (ie mining pool) will have it's own policy on which transactions to include in the block.
If there's one mining pool that accepts zero fee transactions and that mining pool has 10% of the networks hashing power then you can expect the zero fee transaction to enter 1/10th of all blocks on average.
If you are lucky the zero fee transaction gets processed by this miner in the next block (1/10 chance)
I'm not sure of the actual policies of the miners - but as long as someone somewhere is processing zero fee transactions it will eventually get included in a block.
*there are other factors to take into account too.
or you can mine your own? right? and how if possible?
lot of threads lately about folks waiting up to 2 days for zero fee transactions to get in
it the 8 cents or whatever really a problem?
to answer the OPs question, the transaction fee serves as an incentive for miners (mining is not particularly profitable any more) and discourages users from spamming the network with millions of tiny transactions.
it the 8 cents or whatever really a problem?
to answer the OPs question, the transaction fee serves as an incentive for miners (mining is not particularly profitable any more) and discourages users from spamming the network with millions of tiny transactions.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
A lot of miners will ignore transactions with no fees, especially if the coin age is low. Some transactions(and I mean very large ones) will get by without fees.
how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
Each miner (ie mining pool) will have it's own policy on which transactions to include in the block.
If there's one mining pool that accepts zero fee transactions and that mining pool has 10% of the networks hashing power then you can expect the zero fee transaction to enter 1/10th of all blocks on average.
If you are lucky the zero fee transaction gets processed by this miner in the next block (1/10 chance)
I'm not sure of the actual policies of the miners - but as long as someone somewhere is processing zero fee transactions it will eventually get included in a block.
*there are other factors to take into account too.
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
You're an incessant idiot! Because 2% fee is not a fee... You might become the new Insanity!
Given any constant fee x, there exist amounts y such that 0.02y < x. Hence my service is not redundant.
how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
I think you have to go back school. That are fee
If you look at a block you can see what people are doing.
https://blockchain.info/block-index/442107/0000000000000004c5095aa187bd2e509c19ebfdfd9e48ed6edb439d32f38ce8
There are 5 transaction in this block with zero fees.
This one took 2 minutes to enter a block
https://blockchain.info/tx/2374bfed45e75fde530ce6470c9f1113984d14f1836827e27abac8389d2023dd
https://blockchain.info/block-index/442107/0000000000000004c5095aa187bd2e509c19ebfdfd9e48ed6edb439d32f38ce8
There are 5 transaction in this block with zero fees.
This one took 2 minutes to enter a block
https://blockchain.info/tx/2374bfed45e75fde530ce6470c9f1113984d14f1836827e27abac8389d2023dd
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
aaaaaaand
ignore engaged
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
You're an incessant idiot! Because 2% fee is not a fee... You might become the new Insanity!
Yea but it will take longer for the payment to be received from my understanding
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
yes, but it is not worth it, just pay the .0001 fee and have your transaction included in a mined block quickly
I heard it is possible to send or receive bitcoin without fees
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