Author

Topic: transactions even with fees take forever. (Read 844 times)

legendary
Activity: 2058
Merit: 1431
February 25, 2013, 09:23:37 PM
#9
Interesting.  I've never really gotten into mining, so I haven't looked into the selection rules much yet.  It doesn't select for highest fee (or highest fee per KB)?  Does it just select most recent qualifying transaction regardless of the fee? Or is it some sort of random selection of qualifying transactions?
inclusion of transactions is based on the "priority" of the transaction, which factors in both the transaction fee, transaction size, and input age.
legendary
Activity: 3416
Merit: 4658
February 25, 2013, 09:20:16 PM
#8
its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.

Logicly, yes.  But bear in mind that modification of the local selection rules requires both the technical ability to do so, and belief that it's worth the effort.  IT's probably not yet worth the effort.

Interesting.  I've never really gotten into mining, so I haven't looked into the selection rules much yet.  It doesn't select for highest fee (or highest fee per KB)?  Does it just select most recent qualifying transaction regardless of the fee? Or is it some sort of random selection of qualifying transactions?
legendary
Activity: 1708
Merit: 1007
February 25, 2013, 09:15:03 PM
#7
its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.

Logicly, yes.  But bear in mind that modification of the local selection rules requires both the technical ability to do so, and belief that it's worth the effort.  IT's probably not yet worth the effort.
legendary
Activity: 3416
Merit: 4658
February 25, 2013, 09:11:03 PM
#6
its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.
hero member
Activity: 826
Merit: 500
February 25, 2013, 09:06:42 PM
#5
its good below that 2k
legendary
Activity: 3416
Merit: 4658
February 25, 2013, 09:05:48 PM
#4
That depends on the size of the transaction.  If it was more than 10 kb in size, then 0.001 BTC isn't a large enough fee.

I believe the limit in the reference client for relaying a transaction is 0.0001 BTC per kb.
hero member
Activity: 826
Merit: 500
February 25, 2013, 09:05:30 PM
#3
i sent from blockchain.info wallet and that one adjusts fees how it feels correct there.
legendary
Activity: 1708
Merit: 1007
February 25, 2013, 09:04:25 PM
#2
I thought the minimum fee to be regarded as a fee paying transaction was .005 BTC.  That's what my client defaults to, anyway. 
hero member
Activity: 826
Merit: 500
February 25, 2013, 09:02:05 PM
#1
i had a small tx with 0.001 fee and waiting for 5 blocks now and it never got included.
is this just bad luck or is it normal by now??
Jump to: