Topic: Some questions (Read 510 times)
Cool so if it is per kilobyte it will say more than 0.0005. Thanks for the info. Still learning, but getting there slowly.
I wished to transfer BTC, and i found that for sending 0.0020 I have to pay 0.0030 as transaction fee
¿how it is possible?
¿how it is possible?
If any of the outputs of a transaction are less than 0.01 BTC, then the reference client Bitcoin-Qt will force you to pay a 0.0005 BTC fee.
If your wallet consists of receiving dozens of really tiny transactions (such as from "Free Bitcoin" sites or playing Satoshi Dice), then your transaction will get very large (in terms of bytes) and the Bitcoin-Qt wallet will force you to pay a fee of 0.0005 BTC per kilobyte.
If your total balance in your wallet is more than 0.01 BTC and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent without a fee.
If your total balance is less than 0.01 BTC, and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent with a single 0.0005 BTC fee instead of 0.0005BTC per kilobyte.
When QT says it it is going to pay fee, how do you know if it will be a single fee or fee per kilobyte?
If you have your "Optional transaction fee per KB" in "Preferences" set to 0.00000000 BTC, and Bitcoin-Qt is telling you that the required fee is more than 0.0005 BTC, then it is requiring a fee per KB. If it reports that the required fee is 0.0005 BTC then it is not paying a fee per KB. It only requires a fee per KB if the total transaction size is greater than 10 kilobytes. (A typical transaction is less than 300 bytes).
I wished to transfer BTC, and i found that for sending 0.0020 I have to pay 0.0030 as transaction fee
¿how it is possible?
¿how it is possible?
If any of the outputs of a transaction are less than 0.01 BTC, then the reference client Bitcoin-Qt will force you to pay a 0.0005 BTC fee.
If your wallet consists of receiving dozens of really tiny transactions (such as from "Free Bitcoin" sites or playing Satoshi Dice), then your transaction will get very large (in terms of bytes) and the Bitcoin-Qt wallet will force you to pay a fee of 0.0005 BTC per kilobyte.
If your total balance in your wallet is more than 0.01 BTC and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent without a fee.
If your total balance is less than 0.01 BTC, and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent with a single 0.0005 BTC fee instead of 0.0005BTC per kilobyte.
When QT says it it is going to pay fee, how do you know if it will be a single fee or fee per kilobyte?
I wished to transfer BTC, and i found that for sending 0.0020 I have to pay 0.0030 as transaction fee
¿how it is possible?
¿how it is possible?
If any of the outputs of a transaction are less than 0.01 BTC, then the reference client Bitcoin-Qt will force you to pay a 0.0005 BTC fee.
If your wallet consists of receiving dozens of really tiny transactions (such as from "Free Bitcoin" sites or playing Satoshi Dice), then your transaction will get very large (in terms of bytes) and the Bitcoin-Qt wallet will force you to pay a fee of 0.0005 BTC per kilobyte.
If your total balance in your wallet is more than 0.01 BTC and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent without a fee.
If your total balance is less than 0.01 BTC, and you (or someone you trust) has access to a larger number of bitcoins, it can be possible to consolidate all those tiny "dust" transactions into a single larger transaction that can be spent with a single 0.0005 BTC fee instead of 0.0005BTC per kilobyte.
Just have to wait for confirmations for a long time
How small, every day transactions can be made with BTC?
as small as you want it.
How small, every day transactions can be made with BTC?
I'm buying chewing gum
EDIT: By the way, i already have fees to 0 in the options. I use bitcoin-qt for linux
im chewing chewing gum EDIT: By the way, i already have fees to 0 in the options. I use bitcoin-qt for linux
I'm buying chewing gum
EDIT: By the way, i already have fees to 0 in the options. I use bitcoin-qt for linux
EDIT: By the way, i already have fees to 0 in the options. I use bitcoin-qt for linux
I wished to transfer BTC, and i found that for sending 0.0020 I have to pay 0.0030 as transaction fee
¿how it is possible?
¿how it is possible?
You don't have to pay any. It will just take several days.
Look for the setting in your btc client, wallet, whatever. You can change it.
Also, why are you transferring $.23 worth of BTC? <-- There may be a better way to your goal.
I wished to transfer BTC, and i found that for sending 0.0020 I have to pay 0.0030 as transaction fee
¿how it is possible?
¿how it is possible?
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