is my fee ok ? | Bitcointalksearch.org

noormcs5

hero member

Activity: 2632

Merit: 613

Leading Crypto Sports Betting & Casino Platform

Quote from: zOU on May 06, 2016, 10:43:03 AM

Quote from: adamstgBit on May 06, 2016, 10:35:21 AM

yes you got lucky i guess, dont feel special it happens often.

thats such a big TX
normally TX are <1KB
how did you manage such a massive TX? lots of tiny inputs? why?

251 inputs...

i'm just being stupid and didn't realize it would take all the individual transactions I received from the pool (where I mine) and re-use them.

That's just me not being so familiar with the whole BTC thing Cheesy

I thought that my client wallet would consolidate the prev transactions in 1/per address.

I had enough BTC in 2 adresses, but one of these had hundreds of transactions....

so it took 251 of my transactions in 2 adresses to get enough BTC to make the payment.....

0.00001 (BTC/kB) x37 = 0.00037
my fee was 0.0007 BTC

I think there is something abnormal in the Fee.

18xk5oT2rLrAc24SL96XT14BX

newbie

Activity: 48

Merit: 0

Quote from: Dabs on May 06, 2016, 11:29:43 AM

It will eventually confirm, but if in case it does not confirm by the end of today, you might want to re-do the transaction with a bigger fee.

*edit* I see it has confirmed.

i think you are right It will eventually confirm, but if in case it does not confirm by the end of today, you might want to re-do the transaction with a bigger fee.

calkob

hero member

Activity: 1092

Merit: 520

Did you send it from core ?

Boosterious

sr. member

Activity: 308

Merit: 250

The mind is everything. What you think you become.

Quote from: adamstgBit on May 06, 2016, 10:35:21 AM

Quote from: zOU on May 06, 2016, 10:12:48 AM

Thank you

I found out the number of inputs and output after sending the transaction (unfortnately)

size: 37181 bytes

my fee was 0.0007BTC (which seemed ok at the time)

But it seems it has not been confirmed after a few blocks....

============

in theory:
minrelaytxfee 0.00001 (BTC/kB)

so my Tx being 37kB, my fee should have been 0.00037... but it's nearly twice that ! So shouldn't it have been confirmed quite fast ?

yes you got lucky i guess, dont feel special it happens often.

thats such a big TX
normally TX are <1KB
how did you manage such a massive TX? lots of tiny inputs? why?

you all look like have good knowledge about bitcoin transaction fee,but until now i dont get any explaination about bigger fee than amount transacted,som couple days ago i see someone post about that case,and just get explain about "bitpool mistake" Huh

franky1

legendary

Activity: 4214

Merit: 4458

most people are paying 0.0003 as standard even for low data.

https://bitcoinfees.21.co/
shows 30 sats per byte and knowing ur tx is about 70x the standard size im expecting a higher fee then standard would be acceptable

so

37181byte*30sat=0.01115430btc for tx fee

seems in your OP you decided less than 2sat per byte (1885 sat per kb), so expect it to have taken about an hour+ to confirm

edit: seems it did take over an hour
next time try a 0.012 fee (by the way thats $5) and now you know why letting blockstreamers say everything is working fantastically, is utter crap if it takes $5 for you to get priority

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

It will eventually confirm, but if in case it does not confirm by the end of today, you might want to re-do the transaction with a bigger fee.

*edit* I see it has confirmed.

zOU

hero member

Activity: 728

Merit: 500

★ these are stars ★

ah well, it finally shows 2 confirmations

zOU

hero member

Activity: 728

Merit: 500

★ these are stars ★

Quote from: adamstgBit on May 06, 2016, 10:35:21 AM

yes you got lucky i guess, dont feel special it happens often.

thats such a big TX
normally TX are <1KB
how did you manage such a massive TX? lots of tiny inputs? why?

251 inputs...

i'm just being stupid and didn't realize it would take all the individual transactions I received from the pool (where I mine) and re-use them.

That's just me not being so familiar with the whole BTC thing Cheesy

I thought that my client wallet would consolidate the prev transactions in 1/per address.

I had enough BTC in 2 adresses, but one of these had hundreds of transactions....

so it took 251 of my transactions in 2 adresses to get enough BTC to make the payment.....

0.00001 (BTC/kB) x37 = 0.00037
my fee was 0.0007 BTC

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: zOU on May 06, 2016, 10:12:48 AM

Thank you

I found out the number of inputs and output after sending the transaction (unfortnately)

size: 37181 bytes

my fee was 0.0007BTC (which seemed ok at the time)

But it seems it has not been confirmed after a few blocks....

============

in theory:
minrelaytxfee 0.00001 (BTC/kB)

so my Tx being 37kB, my fee should have been 0.00037... but it's nearly twice that ! So shouldn't it have been confirmed quite fast ?

yes you got lucky i guess, dont feel special it happens often.

thats such a big TX
normally TX are <1KB
how did you manage such a massive TX? lots of tiny inputs? why?

ralle14

legendary

Activity: 3206

Merit: 1885

Metawin.com

The transaction might be set on medium priorities even you doubled the transaction fees it could take a few days before it gets confirmed also the recommended fee with that size should be .0037 not .00037.
heres a guide/faq about your problem https://bitcointalksearch.org/topic/faq-all-about-unconfirmed-0-confirmation-transaction-fee-read-before-posting-232979

zOU

hero member

Activity: 728

Merit: 500

★ these are stars ★

Thank you

I found out the number of inputs and output after sending the transaction (unfortnately)

size: 37181 bytes

my fee was 0.0007BTC (which seemed ok at the time)

But it seems it has not been confirmed after a few blocks....

============

in theory:
minrelaytxfee 0.00001 (BTC/kB)

so my Tx being 37kB, my fee should have been 0.00037... but it's nearly twice that ! So shouldn't it have been confirmed quite fast ?

Slark

legendary

Activity: 1862

Merit: 1004

If you want to know more about rules of bitcoin transaction and formula on which transaction fees are based upon, you can see this site: http://bitcoinfees.com/
You will find there prettu much detailed explanation how bitcoin fee works.

Basically size of transaction depends on number inputs and outputs and it is calculated by this formula:

148 * number_of_inputs + 34 * number_of_outputs + 10

zOU

hero member

Activity: 728

Merit: 500

★ these are stars ★

hello,

I just sent a 37181 (bytes) transaction and the fee was 0.000018846453833947445 BTC per kB (0.00070073BTC)

I've some problem calculating the fee and the transaction size, but that's what was sent....

Does it seem ok ?

Topic: is my fee ok ? (Read 619 times)