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Topic: Just what is a FAIR fee to send a Bitcoin transaction? - page 8. (Read 7408 times)

full member
Activity: 179
Merit: 100
The transaction cost should  be more better more  less be !
hero member
Activity: 714
Merit: 500
considering most bank transfers cost roughly €0.09, $0.05
Seriously?
In my country most bank transfers don't cost anything.
So, I stick with that also in Bitcoin. Miners get block reward, so I don't see why they should get transaction fees.
Q7
sr. member
Activity: 448
Merit: 250
Past transactions that i have done usually cost 0.1mbtc which is the standard fee in btc and if convert to dollar it is about 5 cents. For me that is considered fair fee. Couldn't be much happier  Smiley
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Whatever the market will allow.
legendary
Activity: 1834
Merit: 1008
considering most bank transfers cost roughly €0.09, $0.05 is pretty low, but then again I think it should be relative to the amount being sent. 1% or less would be perfect, and if you allow microtransactions to take place there will be a lot of them, so why not group them together or give them their own special blocks?

Edit: that's actually a good idea, why not fork smaller transactions below 0.001 BTC and allow people to mine the transactions on a different blockchain with their CPU's? that way when the price of bitcoin is much higher it'll make things a lot easier for everyone. Not to mention the newly added interest that it would bring, people being able to mine with their regular computers again?
legendary
Activity: 2296
Merit: 1014
For me fair fee is lowest possible fee, that satisfies bitcoin users AND miners.
So i won't tell in FIAT, it must be small like 0.0001 BTC, but with millions transactions everyday it will still be good money for miners
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Simple poll to find out just what most people think is a fair fee for sending a transaction on the Bitcoin network, long-term.

Paying a bill; buying a car, computer or coffee; making a donation, or whatever...
In 2014 US dollars please choose the amount that you think is closest to what the BTC equivalent mining fee should be for a standard transaction.

Assuming also that a standard transaction is on-chain, not a micro-transaction,  it is for something that is usually paid for with fiat.

What is the fairest fee?
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