Topic: Microtransaction Fees - Send .0005, whats the fee? (Read 958 times)
Wasn't the fee lowered to 0.0001 BTC?
Are transaction fees proportional to the amount?
no they are proportional to the size of the transaction, which is determined by how many inputs and outputs. 
the fee is also .0005 BTC. the current system is not made for micro transactions, better mechanisms on top of what we currently have will emerge.
You can send a transaction without any fee. It would take a couple of days to proceed if you're lucky 
Just wondering,
Are transaction fees proportional to the amount?
Lets say I want to send 6 cents today at the price of $130 per BTC. So thats about .0005 BTC
What would be the transaction fee? Also how would it affect the speed of confirmations?
Are transaction fees proportional to the amount?
Lets say I want to send 6 cents today at the price of $130 per BTC. So thats about .0005 BTC
What would be the transaction fee? Also how would it affect the speed of confirmations?
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