XMR change your fee from .1 to something realistic

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: Spoetnik on October 17, 2014, 07:41:47 PM

coins should not be geared towards rich people.. should be the other way around !

Spot On Sputters!

Fuck all the rich kids using their parents' hardly-earned money to make the world a stupider, shittier place for a living.

Have a happy weekend everybody!!

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: CryptoCarmen on October 17, 2014, 08:29:54 AM

Omg, Spoetnik lost his trust. World is collapsing!

i reset my trust myself Cool

and no i won't tell you all how it's a secret !
i can put the trust back anytime i want though muahhaha

i am in control of all your megahurtz.. come to terms with it, it's happening !

anyway this is another oversight yet again stuffed with poor excuses.
and i am sorry but at 1k+ of coins made there is no excuse now..
coins should not be geared towards rich people.. should be the other way around !

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: nutildah on October 17, 2014, 11:46:56 AM

Quote from: smooth on October 17, 2014, 11:38:01 AM

Quote from: BitmoreCoin on October 17, 2014, 09:03:03 AM

Quote from: michaelb87 on October 17, 2014, 08:53:48 AM

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months.

Exactly right. If you are designing for long term soundness and viability you can't have tiny transaction fees that pretend blockchain transactions are nearly free, when they are not.

Sounds like a load of horseshit to me.

Of course it does.

Quote

PS: Why do you think you have credibility here still? You've done nothing but spew lies and propaganda about Monero for the last 6 months. You've cost countless people money and all for what? You've just been wrong time after time after time, yet you still think your opinion matters. Why?

I have no opinion on my own credibility. That is up to the reader to decide.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: smooth on October 17, 2014, 11:38:01 AM

Quote from: BitmoreCoin on October 17, 2014, 09:03:03 AM

Quote from: michaelb87 on October 17, 2014, 08:53:48 AM

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months.

Exactly right. If you are designing for long term soundness and viability you can't have tiny transaction fees that pretend blockchain transactions are nearly free, when they are not.

Sounds like a load of horseshit to me.

PS: Why do you think you have credibility here still? You've done nothing but spew lies and propaganda about Monero for the last 6 months. You've cost countless people money and all for what? You've just been wrong time after time after time, yet you still think your opinion matters. Why?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: BitmoreCoin on October 17, 2014, 09:03:03 AM

Quote from: michaelb87 on October 17, 2014, 08:53:48 AM

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months.

Exactly right. If you are designing for long term soundness and viability you can't have tiny transaction fees that pretend blockchain transactions are nearly free, when they are not.

jwinterm

legendary

Activity: 3164

Merit: 1116

Quote from: muddafudda on October 17, 2014, 11:26:31 AM

Check to see if the source code just checks for fees or actually checks for minimum fee amounts. Change the source minimum, recompile and see if it sends.

You would need to mine your own blocks if you use a fee less than 0.1 XMR, as I'm pretty sure all of the major pools will only accept transactions that have a fee of 0.1 or greater. If you look through block explorer you will see occasionally (not sure how much anymore) a tx goes through with a lower fee because the block is mined by some pool or solo miner running an older version of the daemon, but they are very few and far between.

muddafudda

legendary

Activity: 1008

Merit: 1022

Check to see if the source code just checks for fees or actually checks for minimum fee amounts. Change the source minimum, recompile and see if it sends.

BitmoreCoin

sr. member

Activity: 406

Merit: 250

Quote from: michaelb87 on October 17, 2014, 08:53:48 AM

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months. Blockchain bloat is one of the biggest problem for Cryptonotes.

michaelb87

sr. member

Activity: 364

Merit: 250

+100. Fee is way too high compared too others. Why is this the case?

BitmoreCoin

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Activity: 406

Merit: 250

Quote from: Spoetnik on October 17, 2014, 08:09:34 AM

if it's not good for small transactions then it's broken.

you can't make an excuse like that.. well you guys can try i sure hear it a lot ahahha

fix it guys and think smarter on your next coin..

Blockchain costs money as it is stored in many computers and transfer cost bandwidth. As long as the price is reasonable, we will still use the coins.

CryptoCarmen

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★Bitin.io★ - Instant Exchange

Omg, Spoetnik lost his trust. World is collapsing!

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

if it's not good for small transactions then it's broken.

you can't make an excuse like that.. well you guys can try i sure hear it a lot ahahha

fix it guys and think smarter on your next coin..

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: spacelab on October 14, 2014, 03:56:35 PM

0.1 is very realistic when you consider the actual underlying costs of processing a transaction on a blockchain. That's around 0.10 USD at current prices. A typical fee for Bitcoin is 0.0001 per kilobyte, which is around 0.04 USD. For a 20KB transaction that would be around 0.80 USD, or 8x what the corresponding XMR transaction costs. Monero doesn't have per-KB calculation of fees yet, but only for the very smallest transactions (2KB or less) will XMR be more expensive. For most it will be less expensive.

People need to adapt their usage to realistic transaction processing costs, not expect fees to hide those costs. Mostly that means pools not making tiny payouts.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: Febo on October 16, 2014, 07:14:07 AM

Have not you heard that transaction fee goes to miners?
You need to research this forum a bit more.

Have you not heard that sometimes devs mine their own coins?

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: nutildah on October 14, 2014, 04:46:21 PM

Haven't you heard? The devs need to get paid.

Have not you heard that transaction fee goes to miners?
You need to research this forum a bit more.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: nutildah on October 14, 2014, 07:42:44 PM

Quote from: ?? on ??

Quote from: nutildah on October 14, 2014, 04:46:21 PM

Haven't you heard? The devs need to get paid.

stop the FUD, this fee doesnt go to the devs, you are confusing with BBR that does that.

Well unless the devs are miners.

Stop shilling for Monero. Its boring and tired.

XMR is being developed.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: ?? on ??

Quote from: nutildah on October 14, 2014, 04:46:21 PM

Haven't you heard? The devs need to get paid.

stop the FUD, this fee doesnt go to the devs, you are confusing with BBR that does that.

Well unless the devs are miners.

Stop shilling for Monero. Its boring and tired.

nutildah

legendary

Activity: 3010

Merit: 8114

Haven't you heard? The devs need to get paid.

spacelab

sr. member

Activity: 528

Merit: 250

Quote from: tacotime on October 14, 2014, 03:59:20 PM

We're currently testing per KB transaction fees, we will roll them out on mainnet when we are done testing.

thanks for the quick reply, i was hesitating switching to another coin - but ill stick with xmr

spacelab

sr. member

Activity: 528

Merit: 250

Quote from: Oscilson on October 14, 2014, 03:58:08 PM

The fee is ok, it is about $0.1.

sure, when i mine 1 coin a day on 6 cores [more like 1 coin a week at this rate], i pay 10% to transfer them out. .01%, or .01 fee seems more realistic

Topic: XMR change your fee from .1 to something realistic (Read 1795 times)