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Topic: mining fee (Read 1720 times)

newbie
Activity: 2
Merit: 0
February 27, 2015, 07:01:06 AM
#5
The new version of Bitcoin Core has a brand new fee structure and the fees have been signifcantly reduced.
member
Activity: 114
Merit: 10
PMs blocked, send answers to main.
February 27, 2015, 04:53:10 AM
#4
when i send coins with advanced interface in qt 0.10, he says the mining fee is +/- 2.116 satoshis per input
i pay 2044 satoshis by 966 bytes..
the fee are reduced??
it was 100 micro??
Please search in the thread before post . About the transaction fee you can make almost 0.0001 for any transaction under 1000 Bytes
sometime you can think why paying always 0.0001 first it make your transaction confirmed fast , and run away from double spent .


There is allready a good answer from Shogen, why do you have to add this nonsense? What you are saying is for one hard to understand and also wrong as OP clearly asked for the changes in 0.10.0. Additionally "run away from double spend"? What is that? Under normal circumstances OP is the only one with the private key and thus the only one that could potentially double spend their own TX.

I understand that you get paid per post, but please do not post in this section if you have no idea what you are talking about. People come here for help. If you cant help, do not post here.
sr. member
Activity: 256
Merit: 250
February 26, 2015, 08:37:56 AM
#3
when i send coins with advanced interface in qt 0.10, he says the mining fee is +/- 2.116 satoshis per input
i pay 2044 satoshis by 966 bytes..
the fee are reduced??
it was 100 micro??
Please search in the thread before post . About the transaction fee you can make almost 0.0001 for any transaction under 1000 Bytes
sometime you can think why paying always 0.0001 first it make your transaction confirmed fast , and run away from double spent .
legendary
Activity: 966
Merit: 1001
February 26, 2015, 05:07:30 AM
#2
when i send coins with advanced interface in qt 0.10, he says the mining fee is +/- 2.116 satoshis per input
i pay 2044 satoshis by 966 bytes..
the fee are reduced??
it was 100 micro??

Before 0.10, the standard fee was 0.0001 btc per KB and the tx size is always rounded up to the nearest KB.
But since 0.10, the system has been changed completely.


Transaction fee changes
-----------------------

This release automatically estimates how high a transaction fee (or how
high a priority) transactions require to be confirmed quickly. The default
settings will create transactions that confirm quickly; see the new
'txconfirmtarget' setting to control the tradeoff between fees and
confirmation times. Fees are added by default unless the 'sendfreetransactions'
setting is enabled.

Prior releases used hard-coded fees (and priorities), and would
sometimes create transactions that took a very long time to confirm.

Statistics used to estimate fees and priorities are saved in the
data directory in the `fee_estimates.dat` file just before
program shutdown, and are read in at startup.

New command line options for transaction fee changes:

- `-txconfirmtarget=n` : create transactions that have enough fees (or priority)
so they are likely to begin confirmation within n blocks (default: 1). This setting
is over-ridden by the -paytxfee option.
- `-sendfreetransactions` : Send transactions as zero-fee transactions if possible
(default: 0)

New RPC commands for fee estimation:

- `estimatefee nblocks` : Returns approximate fee-per-1,000-bytes needed for
a transaction to begin confirmation within nblocks. Returns -1 if not enough
transactions have been observed to compute a good estimate.
- `estimatepriority nblocks` : Returns approximate priority needed for
a zero-fee transaction to begin confirmation within nblocks. Returns -1 if not
enough free transactions have been observed to compute a good
estimate.

sr. member
Activity: 375
Merit: 254
February 24, 2015, 06:39:07 PM
#1
when i send coins with advanced interface in qt 0.10, he says the mining fee is +/- 2.116 satoshis per input
i pay 2044 satoshis by 966 bytes..
the fee are reduced??
it was 100 micro??
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