Author

Topic: TRANSACTION FEE???? WTF IS THIS? (Read 1044 times)

member
Activity: 62
Merit: 10
February 14, 2014, 01:08:56 AM
#9
All good answers, thanks all!  Wink
legendary
Activity: 2912
Merit: 1060
December 24, 2013, 08:57:42 PM
#8
You cant send that much as of now. Wait a couple years.
full member
Activity: 196
Merit: 100
December 24, 2013, 07:53:19 PM
#7
Quote
A transaction may be safely sent without fees if these conditions are met:
It is smaller than 10,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)

First result on google for bitcoin transaction fee.
legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
December 24, 2013, 07:50:31 PM
#6
What do you mean, WTF is this? It's a transaction fee. It's a fee you pay to send a transaction. Transactions consume network resources, you see, and the fee pays for that. It's not really a hard concept to grasp.

Bitcoin is not suitable for microtransactions and never will be. Using the vast resources of a high-speed international payment system to send less than a thousandth of a cent is like using an ICBM to deliver a pizza: it's technically possible and in fact may be the fastest way to do it, but don't complain about the cost.
hero member
Activity: 1246
Merit: 501
December 24, 2013, 06:58:05 AM
#5

What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?!

0.00000001 would likely never, ever go anywhere, it'd just be stuck Unconfirmed, so don't waste your time.

legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
December 24, 2013, 06:42:24 AM
#4
Confirm transaction fee

This transaction is over the size limit. You can still send it for a fee of 0.0005 BTC, which goes to the nodes that process your transaction and helps to support the network. Do you want to pay the fee?

What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?!
1 satoshi transactions are actually sort of "banned" for now, some miners will accept them, but there must be a fee higher than what you are sending. It was made so it discourages dust transactions.
newbie
Activity: 19
Merit: 0
December 24, 2013, 06:27:46 AM
#3
use the official client then u can set the fee Smiley
sr. member
Activity: 280
Merit: 250
December 24, 2013, 06:00:14 AM
#2
You must be using Mulitbit or a similar client that doesn't all you to set your own transaction fee.
member
Activity: 62
Merit: 10
December 24, 2013, 05:31:13 AM
#1
Confirm transaction fee

This transaction is over the size limit. You can still send it for a fee of 0.0005 BTC, which goes to the nodes that process your transaction and helps to support the network. Do you want to pay the fee?

What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?!
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