Topic: pet peeve: when people send bitcoins with NO TX FEE (Read 1567 times)
I always send a fee but I can understand when newbs dont, especially if their faucet dust has been hard worked lol
Most of us already know the use of transaction fees, but I know for certain that Mr. Average Joe Blow that uses bitcoins will not understand the technical aspect of it.
And if you are Joe Blow, this is for you
: You do not need to pay a transaction fee if the coins in your wallet are "mature" enough. If they're not mature and it's a small payment, then you're at the mercy of the miners to confirm your payment if you decide not to pay the fee. SO PAY THE FEE.
And if you are Joe Blow, this is for you
: You do not need to pay a transaction fee if the coins in your wallet are "mature" enough. If they're not mature and it's a small payment, then you're at the mercy of the miners to confirm your payment if you decide not to pay the fee. SO PAY THE FEE.
Frugality ftw!
With most clients already sticking in a fee or asking you to change your fee to a more appropriate one according to your tx I still find it hard to believe people try and send without a fee. Yes there are cases where you can make a feeless tx and have it confirm in reasonable time but in general you won't be able to do so, so unless you're willing to wait and 5c matters so much to you then why bother.
If the amount you're sending is 0.01 BTC+ and is under 10KB, sending without a fee shouldn't cause any issues. There are not enough transactions to fill blocks yet (as far as I'm aware), and most pools/miners should be picking up the 0.01BTC+ no-fee transactions without hesitation.
With most clients already sticking in a fee or asking you to change your fee to a more appropriate one according to your tx I still find it hard to believe people try and send without a fee. Yes there are cases where you can make a feeless tx and have it confirm in reasonable time but in general you won't be able to do so, so unless you're willing to wait and 5c matters so much to you then why bother.
and now i'm stuck waiting an indefinite amount of time waiting for a gracious miner that will add this transaction to a block for no fee.
cmon its only 0.0001 BTC!
cmon its only 0.0001 BTC!
The miners are just a bunch of greedy bastards. Like that extra 0.0001 BTC on top of the 25 BTC block reward really makes a difference.
The fee is there to stop spam dust transactions from clogging the network, from what I recall.
I'm just complaining about the wait time.
It's for this and to help give added rewards. When the block rewards are almost 0, miners will only be rewarded based on transaction fees. Might as well get in the habit of paying them now, :p.
At some point a minimum fee of SOMETHING should be required. After all BTC block rewards to going to go down and down and then the fees are the only way the miners will continue and make sure the BTC network is secure. People sending with no fee are in fact selfish free riders.
If you spend BTC properly you won't need a fee to get included in the next block.
you should make it understood that a transaction isn't considered sent until it is confirmed.
a transaction with no fee is no better than someone writing u a check and not paying the bank to maintain their account.
a transaction with no fee is no better than someone writing u a check and not paying the bank to maintain their account.
Don't worry too much. I have heard about certain (zero tx fee) transactions, where it took almost 48 hours for them to get confirmed. So... in the end the transaction will get confirmed... but it is going to take a lot of time.
I know, it is more the uncertain nature of waiting that bugs me. I don't need the coins to spend right away, but if it was a critical situation like that I'd be annoyed. Still, I guess it's a lot better than using a bank.
People really just like to complain.
I am a P2Pool node. If I was operating a large mining pool, I would have my node in a data-center (with faster Internets+CPU).
I wish miners would just fill blocks...why the artificial scarcity for a few pennies? It'll be a while before tx fees amount to much anyhow, why screw with around with trivial fees _now_?
I currently have my miner set to 500kB blocks. I also told my miner to include up to 196kB of "high priority 0 fee transactions", which is basicly reasonable amount of Bitcoins that have not moved around in a few days.
My miner has two limitations that prevent full 1MB blocks:
- VDSL connection; only about 5Mbps up. This means that if I send a 1MB block to more than 1 node simultaneously, it will take over a second: possibly increasing the chance of an orphan.
- I have not upgraded the old CPU yet. Before I can start mining a new block, I have to verify the old one. This can take several seconds. On P2Pool, that means I am going to have a 10% stale rate or so (my mining blade is responsible for the bulk of my stale rate though).
Are you a mining pool operator then? I can see the delay being an issue of propagating a larger solved block to the rest of the network...especially if you upload to another slow node (it's one at a time, just like downloading blocks, right?).
It's a bit ironic, the high compensation for the block reward incentivizes small blocks or large tx fees. I now recall a discussion on the dev list on this. Well, time will change this as block reward decreases.
I wish miners would just fill blocks...why the artificial scarcity for a few pennies? It'll be a while before tx fees amount to much anyhow, why screw with around with trivial fees _now_?
I currently have my miner set to 500kB blocks. I also told my miner to include up to 196kB of "high priority 0 fee transactions", which is basicly reasonable amount of Bitcoins that have not moved around in a few days.
My miner has two limitations that prevent full 1MB blocks:
- VDSL connection; only about 5Mbps up. This means that if I send a 1MB block to more than 1 node simultaneously, it will take over a second: possibly increasing the chance of an orphan.
- I have not upgraded the old CPU yet. Before I can start mining a new block, I have to verify the old one. This can take several seconds. On P2Pool, that means I am going to have a 10% stale rate or so (my mining blade is responsible for the bulk of my stale rate though).
to don't spam the bitcoin network (and stuck it ...).
I wish miners would just fill blocks...why the artificial scarcity for a few pennies? It'll be a while before tx fees amount to much anyhow, why screw around with trivial fees _now_?
Weird. I usually don't include fees and I've never had to wait.
I think it the waiting game only happens if the coins are very young. I just waited almost 48 hours to receive confirmations for a no fee transaction that was under the size limit, no outputs less than 0.01, but the coins were generated somewhat recently so I think that was the delay.
Anyway, they will confirm you just have to wait longer.
cmon its only 0.0001 BTC!
if it's a small amount, time is not a problem ... you can't eat with this sum.
48h max, i confirm this (only if it's a valid transaction ... canotical and dust error is HEAVY since 3-5 days).
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Why should I pay a miner for fees when they are getting 25 bitcoins for the block?
some people are extremely frugal
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Weird. I usually don't include fees and I've never had to wait.
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