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Title: Can I create a transaction like this ? Post by: RocketSingh on March 24, 2015, 10:46:06 PM Input amount: 0.01 BTC
Output amounts... i. 0.009899 BTC ii. 0.000001 BTC Mining fee: 0.0001 BTC Will this Tx face any problem in being included in a block as one output is very low ? Title: Re: Can I create a transaction like this ? Post by: shorena on March 24, 2015, 11:02:42 PM Input amount: 0.01 BTC Output amounts... i. 0.009899 BTC ii. 0.000001 BTC Mining fee: 0.0001 BTC Will this Tx face any problem in being included in a block as one output is very low ? Yes, 100 satoshi is below the current dust limit (546 satoshi) and thus you will have a hard time to get that transaction broadcasted to a miner. Title: Re: Can I create a transaction like this ? Post by: RocketSingh on March 24, 2015, 11:09:08 PM Input amount: 0.01 BTC Output amounts... i. 0.009899 BTC ii. 0.000001 BTC Mining fee: 0.0001 BTC Will this Tx face any problem in being included in a block as one output is very low ? Yes, 100 satoshi is below the current dust limit (546 satoshi) and thus you will have a hard time to get that transaction broadcasted to a miner. So, do u mean, the following will go fine ? Input amount: 0.01 BTC Output amounts... i. 0.0098945 BTC ii. 0.0000055 BTC Mining fee: 0.0001 BTC Title: Re: Can I create a transaction like this ? Post by: shorena on March 24, 2015, 11:21:10 PM Input amount: 0.01 BTC Output amounts... i. 0.009899 BTC ii. 0.000001 BTC Mining fee: 0.0001 BTC Will this Tx face any problem in being included in a block as one output is very low ? Yes, 100 satoshi is below the current dust limit (546 satoshi) and thus you will have a hard time to get that transaction broadcasted to a miner. So, do u mean, the following will go fine ? Input amount: 0.01 BTC Output amounts... i. 0.0098945 BTC ii. 0.0000055 BTC Mining fee: 0.0001 BTC Yes, that should confirm just fine. Its not nice to send someone 550 satoshi as they will have a hard time to spend those coins though. However if they have other larger inputs to spend they can combine the 550 satoshi with e.g. 1 BTC and have no problem. I would consider it spam though, no matter whether I can easily combine it or not. Maybe you can use something offchain[1] for the transaction like changetip? [1] as in: via a service, not via an actual transaction on the blockchain Title: Re: Can I create a transaction like this ? Post by: RocketSingh on March 25, 2015, 11:38:18 PM Thank you for the explanation. In fact this 550 satoshi is the commission amount of an application. Its value will vary depending on the input amount. I needed to know the lowest I can allow. I could leave it in the wallet itself, but as hot wallet is not safe, I want to move out the commission amount as well. Hope, I am doing it right...
Title: Re: Can I create a transaction like this ? Post by: Cryddit on March 27, 2015, 12:51:30 AM The system at present does its darnedest to NOT create "dust" txOuts.
Do you realize that when you use a 550-Satoshi fee, you're dooming the recipient to spending fully a third of it on fees just because of the size increment in the transaction that will be required to use it? Also, the dust limit may (probably will) rise in the future, so if you bake a 550-Sat somethingorother into something you're writing, it will break the instant the fee rates change. Title: Re: Can I create a transaction like this ? Post by: RussianRaibow on April 25, 2015, 11:53:28 AM Input amount: 0.01 BTC Output amounts... i. 0.009899 BTC ii. 0.000001 BTC Mining fee: 0.0001 BTC Will this Tx face any problem in being included in a block as one output is very low ? Yes, 100 satoshi is below the current dust limit (546 satoshi) and thus you will have a hard time to get that transaction broadcasted to a miner. Can you please point me to a source that says 546 satoshi is the dust limit ? Because, at http://mempool.info/help, I found... Quote Dust = Transactions with at least one output that is less than 5431 satoshis. Title: Re: Can I create a transaction like this ? Post by: teukon on April 25, 2015, 12:32:28 PM Can you please point me to a source that says 546 satoshi is the dust limit ? Because, at http://mempool.info/help, I found... Quote Dust = Transactions with at least one output that is less than 5431 satoshis. The relevant section of Bitcoin Core's source is here (https://github.com/bitcoin/bitcoin/blob/v0.10.1rc3/src/primitives/transaction.h#L137-L149). Bitcoin Core's default minimum relay fee was lowered tenfold to 1000 satoshis/kB (https://github.com/bitcoin/bitcoin/blob/v0.10.1rc3/src/main.cpp#L58-L59) quite some time ago, bringing the dust threshold down with it. Your source even acknowledges that it is using the "old fee policy of 0.0001 BTC/KB". |