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Topic: Killer transaction fee - page 2. (Read 2727 times)

sr. member
Activity: 448
Merit: 251
Bitcoin
July 22, 2011, 07:17:08 AM
#8
I think many people use ewallets to avoid fees.
http://www.flexcoin.com/?page_id=103

AND

Transactions to a Bitcoin address from the same wallet provider are usually completed internally and, if so, will not be processed on the Bitcoin P2P network. Auditing tools such as the Block Explorer will not show any activity for this transaction.
https://en.bitcoin.it/wiki/EWallet


member
Activity: 84
Merit: 10
July 22, 2011, 06:54:59 AM
#7
dude upgrade! That's what they were trying to tell you.
make sure you make a copy of your wallet.dat just in case.
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
July 22, 2011, 06:52:06 AM
#6
have 0.3.22 installed and set to 0.0005
still...


0.03 is a LITTLE steep, isnt it?
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
July 22, 2011, 06:33:20 AM
#5
download the newest version of the client, I guess you still run an old version since your fees are so high
0.3.25 still asks for a 0.0005 BTC fee
full member
Activity: 208
Merit: 100
Risk-hedging platform for cryptocurrency investors
July 22, 2011, 06:28:35 AM
#4
download the newest version of the client, I guess you still run an old version since your fees are so high
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
July 22, 2011, 05:47:20 AM
#3
I pay 0.0005 BTC for small transactions.
nice!
why's that?
legendary
Activity: 1582
Merit: 1002
July 22, 2011, 05:28:26 AM
#2
I pay 0.0005 BTC for small transactions.
legendary
Activity: 2058
Merit: 1005
this space intentionally left blank
July 22, 2011, 04:37:14 AM
#1
Everywhere Bitcoin is pimped as the one cure of "transactin fees".

Today, I wanted to send 0.4BTC to a friend. Seems I need to pay 0.03 BTC transaction fee.
Isn't that a little steep?

Just to understand:

Who (by which mechanism) decides the size of fees?
Who gets those fees? (I'm guessing some mining pool operator)
Is there a way to NOT pay 10% when sending smallish amounts of BTC?


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