Author

Topic: Is it possible to send or receive bitcoin without any fees? (Read 663 times)

legendary
Activity: 2618
Merit: 1105
Yes it is but takes longer
sr. member
Activity: 252
Merit: 250
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.
member
Activity: 112
Merit: 10
Yes but it will take longer to be confirmed in a block.
full member
Activity: 196
Merit: 100
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?

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.
to sum it up it solely based of miner policy.
or you can mine your own? right? and how if possible?
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
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.
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.
hero member
Activity: 955
Merit: 1002
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?

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.
newbie
Activity: 14
Merit: 0
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.
full member
Activity: 196
Merit: 100
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?
sr. member
Activity: 322
Merit: 250
Ask me anything if you have any problem
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
hero member
Activity: 955
Merit: 1002
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

legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
I can provide such a service for you. I'll charge a markup of 2%, but that's life.

aaaaaaand

ignore engaged
sr. member
Activity: 462
Merit: 250
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!
member
Activity: 60
Merit: 10
Yea but it will take longer for the payment to be received from my understanding
newbie
Activity: 14
Merit: 0
I can provide such a service for you. I'll charge a markup of 2%, but that's life.
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
yes, but it is not worth it, just pay the .0001 fee and have your transaction included in a mined block quickly
sr. member
Activity: 398
Merit: 250
I heard it is possible to send or receive bitcoin without fees
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