I'm just getting started with some pooled Litecoin mining and thought I'd check out the transaction fees before I started dreaming of spending them (kidding, actually I want to halve the rewards with my son, who's been pitching in). They are high right now but evidently the community's taking the issue seriously.
I found this thread: https://forum.litecoin.net/index.php?topic=838.0 and it might be of use to anyone with questions on the subject.
Topic: Litecoin transaction fees. (Read 10192 times)
I believe the fees are getting lowered in the next release, which is being worked on now.
When will they change this staggeringly ridiculous fee.
It seems idiotic to me..
It seems idiotic to me..
yea i think this is due to incorrect p2pool settings, they need to be adjusted so that you don't get these tiny micro transactions coming through...
it wanted to charge me 3.4 ltc to send 11.19 ltc... wtf...
it wanted to charge me 3.4 ltc to send 11.19 ltc... wtf...
Seriously, just tried to send 61 LTC and it asked me for a 1.2 LTC transaction fee, are you serious?
Let's say that I want to transfer 0.5 LTC, how are the fees calculated?
If it is only one coin (one input) so it will be free. You need only wait for few days after receiving it.
Let's say that I want to transfer 0.5 LTC, how are the fees calculated?
i dont care even if my transaction are processed slowly i only want to find a way to remove the fees.
Are you still stuck only able to post in Newbies?
even when i send 45 LTC it ask's a transaction fee of 0.10 and for some transactions it does not ask a fee can someone explain how to i send LTC without the fees.
I supose you have set to 0 transsactions fee in Litecoin Client options? If yes and Litecoin Client says "This transaction can't be done unles you pay....." or similar, there is no way to do it if you don't pay.
Regards
even when i send 45 LTC it ask's a transaction fee of 0.10 and for some transactions it does not ask a fee can someone explain how to i send LTC without the fees.
It depends of some factors, even if you set 0 fee (indeed in client says it is optional), there a times the transaction wont process if have no fee. Use to be when you have receive smalls transactions 0.000001 or so, and then yo want to send to another address, fees are expensives than amount to transfer.
I use to mine with p2pool, so I received ,lets say, 0.10 ltc every hour after a couple of weeks I transfers to btc-e and client wont do it unless I pay 4 ltc in fees. After this I've checked the transaction in blockeplorer and to transfer 40 ltc to btc use as origins more than 100 of the received, so the transaction size was 24 Kb or more, thats why it needs fee.
http://explorer.litecoin.net/tx/29a850f190bcce00b733a8093ec27b5601e0837e90a1e749d3eb42676ecf192c
Look my transaction.
As I told you depends of size ot transaction, send 45 ltc with a "multiple origin" generate a transaction with high size, and this need to pay fees.
Regards
I use to mine with p2pool, so I received ,lets say, 0.10 ltc every hour after a couple of weeks I transfers to btc-e and client wont do it unless I pay 4 ltc in fees. After this I've checked the transaction in blockeplorer and to transfer 40 ltc to btc use as origins more than 100 of the received, so the transaction size was 24 Kb or more, thats why it needs fee.
http://explorer.litecoin.net/tx/29a850f190bcce00b733a8093ec27b5601e0837e90a1e749d3eb42676ecf192c
Look my transaction.
As I told you depends of size ot transaction, send 45 ltc with a "multiple origin" generate a transaction with high size, and this need to pay fees.
Regards
what i send some transaction the litecoin qt send it without a transaction fee.
do anyone know the amount that does not require a 0.10LTC fee.
i dont care even if my transaction are processed slowly i only want to find a way to remove the fees.
do anyone know the amount that does not require a 0.10LTC fee.
i dont care even if my transaction are processed slowly i only want to find a way to remove the fees.
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