Sending without transaction fees - page 3.

ikydesu

hero member

Activity: 686

Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: josef2000 on March 03, 2015, 01:32:36 PM

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

Whether maybe because the transaction volume?
is better to pay dust for smooth transaction

~iki

MegaHustlr

hero member

Activity: 601

Merit: 500

Vote 4fryn :)

Quote from: odolvlobo on March 03, 2015, 04:21:27 PM

Quote from: MegaHustlr on March 03, 2015, 03:35:02 PM

That's true for big transactions.
Let's suppose you are sending 0.03 btc to someone , so generally you pay 0.0001 as transaction fees , but i sometimes crop it to half i.e. 0.00005 and still get same confirmation time, though it is not recommended and before you use them , Remember that they might take some days to pass

In general, paying a fee of 0.00005 per kb is the same as paying nothing. However, each miner sets their own fee policy, so some miners might choose a transaction paying 0.00005 per kb over a transaction paying no fee.

Though that might be true , but for small transaction which are mostly in bytes i never pay 0.0001 fees but 0.00005 and the confirmation time is same as other

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: josef2000 on March 03, 2015, 01:32:36 PM

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

You have to use a wallet where you can manually define which fee you want to pay. Most wallets do this automatically. Miners may decide freely which transactions they include in a block, some may thus opt to just include some free transactions, even if it reduces their chance of having the block on the main-chain slightly (transfer time of a bigger block)

ebliever

legendary

Activity: 1708

Merit: 1036

Quote from: Herbert2020 on March 04, 2015, 02:41:37 AM

i found out that it is possible to send a transaction without any fees but in fact changing the fees depend on your wallet!
my experience is if you are using blockchain.info you can easily change it to zero and send it if it is not confirmed within 2 days it will be rebroadcasted automatically until it gets confirmed.
if you are using Multibit or Electrum the only way to change the fee is to change the coding and compile the wallet again!

This is incorrect so far as Electrum goes. I'm using v. 1.9.8. In it go to Tools-->Preferences, and you will see the field Transaction Fee that you can edit. So far as I know there are no limits on what you can put there for a fee. The Help tool-tip for it does recommend a value of .0002 BTC.

twister

hero member

Activity: 672

Merit: 502

Quote from: neoneros on March 04, 2015, 08:11:17 AM

Quote from: twister on March 04, 2015, 07:12:02 AM

How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.

It has to do with the size of the transaction, the amount is made up of parts of other blocks to meet the value, if it is put together with a lot of small amounts the size in kb is bigger then when it is put together by bigger chunks.

I see. Thanks for your explanation, I understand a little about it, I guess I have to read on about TX fees in details to understand completely how it's done.

fildza

sr. member

Activity: 322

Merit: 250

Ask me anything if you have any problem

That depend on the size of transaction. I already try many times before and the transaction not long but not fast enough yet still confirmed

Gisado

full member

Activity: 168

Merit: 100

Yoohoo

This lucky tx got confirmed after 5 hrs and 40 mins. lol

najzenmajsen

hero member

Activity: 700

Merit: 500

If you send an transaction without a fee , it will work. However its gonna take shitload of time , and you should pay at a minimum a 10k sat fee for fast transactions.

neoneros

sr. member

Activity: 462

Merit: 250

I can draw your avatar!

Quote from: twister on March 04, 2015, 07:12:02 AM

How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.

It has to do with the size of the transaction, the amount is made up of parts of other blocks to meet the value, if it is put together with a lot of small amounts the size in kb is bigger then when it is put together by bigger chunks.

Q7

sr. member

Activity: 448

Merit: 250

If you really need to test it out, one of the ways to do it is to use electrum wallet which allows you to adjust the fees. But I wouldn't move to that and take that kind of risk. The transaction might be stuck for days which happened before to me before. And also paying the standard 0.0001 fee might not be a bad thing after all. It's still very cheap compared to the other money transfer options.

twister

hero member

Activity: 672

Merit: 502

How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.

noma

full member

Activity: 182

Merit: 100

Quote from: Herbert2020 on March 04, 2015, 02:41:37 AM

Quote from: josef2000 on March 03, 2015, 01:32:36 PM

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

i found out that it is possible to send a transaction without any fees but in fact changing the fees depend on your wallet!
my experience is if you are using blockchain.info you can easily change it to zero and send it if it is not confirmed within 2 days it will be rebroadcasted automatically until it gets confirmed.
if you are using Multibit or Electrum the only way to change the fee is to change the coding and compile the wallet again!

Multibit doesn't allow you to change the fees. Trying to coding and compiling the wallet yourself, can complicate things and is not recommended.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: josef2000 on March 03, 2015, 01:32:36 PM

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

i found out that it is possible to send a transaction without any fees but in fact changing the fees depend on your wallet!
my experience is if you are using blockchain.info you can easily change it to zero and send it if it is not confirmed within 2 days it will be rebroadcasted automatically until it gets confirmed.
if you are using Multibit or Electrum the only way to change the fee is to change the coding and compile the wallet again!

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: countryfree on March 03, 2015, 02:23:21 PM

Quote from: josef2000 on March 03, 2015, 02:08:11 PM

Is it possible to somehow set the fees in the original bitcoin-qt?

It was certainly possible, and I don't know if it has changed, but instead of thinking how to use the network for free, you'd better think about how to make it fast and sustainable. If I were a miner, there's no way I would let a transaction go through without a fee.

Think about the miner's point of view: why should he accept transactions without a fee?

Im using bitcoin core 0.10, and it lets you to decide on the fees or no fees option, and also provides an auto estimation on how much the
fee should be for the transaction to be processed quickly.

theres some more info here (https://github.com/bitcoin/bitcoin/blob/0.10/doc/release-notes.md#0100-change-log)for those who are like me and still dont use those fancy wallets everyone has today.

@op just pay the fee, its not worth it waiting possibly days/weeks for your transaction to be confirmed (unless its something realy small), and the fee is funny,
dont know why some people make such a fuss about it.

cheers

lassdas

legendary

Activity: 3676

Merit: 1495

Quote from: ?? on ??

... the fee's keep the network going around and around, ...

Quote from: wadili89 on March 03, 2015, 05:45:36 PM

this fee helps the bitcoin network running ....

Quote from: OROBTC on March 03, 2015, 06:08:27 PM

To keep the miners in business and the BTC network maintained, .....

What are you guys talking about?

99.5% of what keeps the network running is the reward of 25 BTC,
compared to that, ~0.1BTC in fees is nothing, that's not what keeps a miner in business.

OROBTC

legendary

Activity: 2940

Merit: 1865

...

kingcolex, Alexis, countryfree, lolled and ebliever

I'm with you guys. Just pay the 3 cents...

To keep the miners in business and the BTC network maintained, three cents is almost nothing, a bargain.

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: wadili89 on March 03, 2015, 05:45:36 PM

this fee helps the bitcoin network running and its not much its not worth much for one , but there are some wallets who allow to change the fee but once it take 3 days almost

yes, to change the rates (reducing) probably will cause the very long transaction

wadili89

legendary

Activity: 1106

Merit: 1000

this fee helps the bitcoin network running and its not much its not worth much for one , but there are some wallets who allow to change the fee but once it take 3 days almost

Alexis

member

Activity: 80

Merit: 10

The fees are sooo small...
Just pay them like everyone else.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: MegaHustlr on March 03, 2015, 03:35:02 PM

That's true for big transactions.
Let's suppose you are sending 0.03 btc to someone , so generally you pay 0.0001 as transaction fees , but i sometimes crop it to half i.e. 0.00005 and still get same confirmation time, though it is not recommended and before you use them , Remember that they might take some days to pass

In general, paying a fee of 0.00005 per kb is the same as paying nothing. However, each miner sets their own fee policy, so some miners might choose a transaction paying 0.00005 per kb over a transaction paying no fee.

Topic: Sending without transaction fees - page 3. (Read 3139 times)