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Topic: What's the largest transaction fee you were asked to pay? (Read 2152 times)

administrator
Activity: 5222
Merit: 13032
Have you sent anything recently however? Using the latest Bitcoin client?

I send transactions all the time, though I'm still using 0.3.15 on my main wallet. This doesn't have the priority requirement, and the size limit for a required fee is higher. I do manually add a 0.01/kB fee for important transactions.
sr. member
Activity: 280
Merit: 252
I've never been asked to pay a fee.

Have you sent anything recently however? Using the latest Bitcoin client?
administrator
Activity: 5222
Merit: 13032
I've never been asked to pay a fee.
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
.05 on a 2.17 transaction. I switched over to the old client which doesn't enforce fees to get around that. Took nearly 36 hours to confirm.
legendary
Activity: 1652
Merit: 2311
Chief Scientist
When the client says it needs a fee, inform the user if they waited "x" amount of time. The fee is waived.

Good idea:  https://github.com/bitcoin/bitcoin/issues/206
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
If you ask nicely, I bet tcatm or somebody else will create a little web service that could tell you how long you have to wait for a 0.10 (or whatever) coin to mature before you can send it without a fee.
Would such feature be hard to implement in the client? When the client says it needs a fee, inform the user if they waited "x" amount of time. The fee is waived.
legendary
Activity: 1652
Merit: 2311
Chief Scientist
This has got me thinking. When transactions occur the coins get "broken up" if needed to make the payment with some change sent back to you. Wouldn't that mean that slowly the coins will get broken up smaller and smaller with time causing the kb for the transaction to go up, making the data required for transactions to slowly go up?

They tend to get put back together when you send larger payments.

The algorithm that the current bitcoin client uses isn't the best possible algorithm for deciding when to combine or split coins; ideally, it would have some notion of how big your average transaction would be, and when sending coins it might split change or combine extra coins to make change that is about that big (so the next time you make a transaction there are old, previous, high-priority transactions it can use).

If you ask nicely, I bet tcatm or somebody else will create a little web service that could tell you how long you have to wait for a 0.10 (or whatever) coin to mature before you can send it without a fee.
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
This has got me thinking. When transactions occur the coins get "broken up" if needed to make the payment with some change sent back to you. Wouldn't that mean that slowly the coins will get broken up smaller and smaller with time causing the kb for the transaction to go up, making the data required for transactions to slowly go up?
newbie
Activity: 36
Merit: 0
Bitcoin used to be a great system for micropayments.
But these ridiculous fees have put an end to that.  Sad
sr. member
Activity: 294
Merit: 252
Ok, good luck on transferring 0.10 USD across the world for less than 0.01 USD.
newbie
Activity: 36
Merit: 0
Fee is set to 0.00 in options. I don't remember, but I think it said something about it being oversized.
There is now way in hell that I will pay a 10% fee!
sr. member
Activity: 294
Merit: 252
Considering that 0.01 is the minimum fee right now, what did you expect when attempting to send an amount 10x that?

Do you have a fee explicitly set in the client, or did it tell you that the transaction is oversized/too new?
newbie
Activity: 36
Merit: 0
This morning I decided I wanted to play a certain bitcoin game.
When I tried to send a 0.10 BTC payment the client wanted a 0.01 fee!
That's a 10% fee!!! Paypal fees are starting to sound good compared to this BS!
Needless to say, I no longer was in the mood to play that bitcoin game!
hero member
Activity: 672
Merit: 500
BitLotto - best odds + best payouts + cheat-proof
Ya, I know you don't have to if you don't want to, but I'm wondering for when the default client sets the fees.
I just sent 128 BTC only to find out the fee was 0.23. Yikes! Pretty much lost my whole take.  Cry
I guess it's not toooo bad as it had a whole bunch of 1 BTC coins together in a group.

What's the biggest you have paid in fees for one transaction?
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