Topic: The transaction fee is just ridiculous. - page 9. (Read 17471 times)
i pay the fee but indeed i usualy sendm ore than 0,5BTCor microtransaction.. dont kill me.. LTC is better
You have two choices:
1. Can it wait? If you can wait a day or two, send with no TX fee.
2. Is it important to be confirmed soon? Spend with the 0.0001 TX fee.
If I'm just sending to a friend, or someone who trusts me and they don't really need it immediately, we can agree on not adding the TX fee. I did that once, it took less than a day, but more than a few hours.
It's not worth it for most transactions, no matter what, to avoid the fee, so I now include the minimum fee almost all the time. It gets a confirmation in the next block or 2.
1. Can it wait? If you can wait a day or two, send with no TX fee.
2. Is it important to be confirmed soon? Spend with the 0.0001 TX fee.
If I'm just sending to a friend, or someone who trusts me and they don't really need it immediately, we can agree on not adding the TX fee. I did that once, it took less than a day, but more than a few hours.
It's not worth it for most transactions, no matter what, to avoid the fee, so I now include the minimum fee almost all the time. It gets a confirmation in the next block or 2.
Well, low fees will be great together with fast/instant transactions. Than no fees and a chance of a failed transaction.
Bitcoin Core soft-fork "No Forced TX Fee" v0.9.2.1 avaiable
https://bitcointalksearch.org/topic/update-2015-05-10-bitcoin-core-soft-fork-no-forced-tx-fee-v0101-available-22434
It should get an update soon.
https://bitcointalksearch.org/topic/update-2015-05-10-bitcoin-core-soft-fork-no-forced-tx-fee-v0101-available-22434
It should get an update soon.
Well, if you think that Armory is enforcing unfair fees, then you can switch to a different wallet.
Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
If you are paying a .0025 BTC fee with QT with a TX with one input and two outputs then you probably have a setting messed up. QT allows you to set the default fee and it can be set to zero if you wish Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
Well, if you think that Armory is enforcing unfair fees, then you can switch to a different wallet.
Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
This has never been the case that EACH transaction sent from QT required a fee. You have always been able to send zero fee transactions with QT or Core without a fee. And depending on size and age they'll likely confirm quickly. (And you can even send spammy transactions, but most miners won't include them in a block.)
How do you pretend the system to work without fees? The miners will need fees or the system will collapse.
Definitivelly the fees will be needed after few next block reward halvings. Today not much important when block reward is 25 BTC and fees about 0.2 BTC
How do you pretend the system to work without fees? The miners will need fees or the system will collapse.
The zero fees are usefull when joining dust with your aged coin. You doing this way favor to the blockchain because you reduce network unspent inputs and thus lowering memory and CPU cycles requirements for Bitcoin core. But using zero fee tx for creating more outputs from fever inputs should be not allowed...
The lack of knowledge on this thread is mind blowing.
http://www.coindesk.com/bitcoin-core-floating-transaction-fees/
http://www.coindesk.com/bitcoin-core-floating-transaction-fees/
I am interested in this new floating fee mechanism. I managed to find a few articles on it but none had any details on the new rules. This one mentioned a new setting "txconfirmtarget":
http://www.bitcoinx.com/bitcoin-core-update-to-include-floating-fees
Where can I find more details on this new fee system?
I'm not so sure why anyone would be so against the fee when it is as small as it is. You seriously don't even notice it. IMO it helps the system keep moving, if everyone decides to remove the transaction fees completely, we would probably be taking a big step back...
Just though I would post this here seeing as this thread is about the miner fees.
I reported an 'error' to Circle earlier as no miner fee was taken on my tx's. They informed me that Circle pays all the miner fees on behalf of their customers. Not sure for how long they will be doing this and or if this is a permanent arrangement or just a promotion.
I reported an 'error' to Circle earlier as no miner fee was taken on my tx's. They informed me that Circle pays all the miner fees on behalf of their customers. Not sure for how long they will be doing this and or if this is a permanent arrangement or just a promotion.
That's how Coinbase has also worked as long as I've used them.
Just though I would post this here seeing as this thread is about the miner fees.
I reported an 'error' to Circle earlier as no miner fee was taken on my tx's. They informed me that Circle pays all the miner fees on behalf of their customers. Not sure for how long they will be doing this and or if this is a permanent arrangement or just a promotion.
I reported an 'error' to Circle earlier as no miner fee was taken on my tx's. They informed me that Circle pays all the miner fees on behalf of their customers. Not sure for how long they will be doing this and or if this is a permanent arrangement or just a promotion.
Well, if you think that Armory is enforcing unfair fees, then you can switch to a different wallet.
Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
Each wallet has a different approach to fees. An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked), and Blockchain.info's wallet has a custom fee you can change, but the fees of previous transactions may build-up to hit you in a later date.
Literally this thread:
"Nobody is FORCING you to get to the city by using your car, you can totally just take a bike and NOT pay for gas but it will take you a bit longer to get there."
Thats technically true, but its not practical in the slightest, which is pretty much the OP's argument.
And the point of the rest of us is that other people are not obligated to make things more practical for you at their expense.
When you get your way at the expense of other people, that's the opposite of freedom. It's not much good to get "freedom" if it comes by taking it away from other people.
The transaction fee logic implemented by Armory matches that of the Bitcoin Core client itself. If you were to include a fee lower than the fee there, the transaction will be DOA when you try to broadcast it. The Bitcoin network would never see it. Therefore, if you want your transaction to be accepted by the network you really must include that fee.
Actually if you have old coins, you can send with no fee and the transaction broadcast fine. Not sure if Armory allow no fee transactions, but the point of this thread is every wallet should allow no fee transactions if it meets no fee rules...
Literally this thread:
"Nobody is FORCING you to get to the city by using your car, you can totally just take a bike and NOT pay for gas but it will take you a bit longer to get there."
Thats technically true, but its not practical in the slightest, which is pretty much the OP's argument.
"Nobody is FORCING you to get to the city by using your car, you can totally just take a bike and NOT pay for gas but it will take you a bit longer to get there."
Thats technically true, but its not practical in the slightest, which is pretty much the OP's argument.
So, do you want free gas? Somebody has to pay for it.
Seriously, what's the rush? It's not like I'm paying for emergency services (which by the way, are not feasible to pay for using Bitcoin and is therefore the reason Bitcoin can never replace fiat)
If I were a doctor, and some guy sent me bitcoin to have me operate on him and save his life, I wouldn't even need to wait for a confirmation or block to see in 10 seconds that the transaction will probably get included in the chain.
But since, if I were a doctor, I'd probably work on saving your ass anyway first and worry later about how you are going to pay. Maybe by the time the surgery is done, I'd already have 6 confirmations and it won't be an issue anymore.
Bitcoin is, in my opinion, the safest way I can accept a large payment where I am sure it won't be reversed, bounce, or declined.
I'm selling a car for 10 BTC. Once I see the transaction on the network, I wait 20 seconds, then I hand over the keys to you. Go away and drive. Have fun!
An example is that Bitcoin-QT has a compulsory 0.0025 BTC fee with each transaction (when I last checked)
It must have been a while since you checked.
Bitcoin-QT>Preferences>Wallet>'Pay transaction fee' allows being set to 0.00000000.
You can not pay but of course you would pay by the extremely long wait time to get confirmations, I agree the standard fee is high however.
I always thought that it the BTC, it will be a fees free world. :p
Oh okay, just little fees compared to others.
Oh okay, just little fees compared to others.
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