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Title: Why blockchain charging charging high miner fee Post by: hunkey600 on May 19, 2015, 06:48:33 AM Hi All,
Can anyone let me know why blockchain charging such a high miner fee of 0.0012 when i made a transfer of 0.03 https://blockchain.info/tx/c250fb65e79c1e6da45d599ba6b37f75d69e6594a9409b39a5919373d3048a7a Thanks in advance Title: Re: Why blockchain charging charging high miner fee Post by: hunkey600 on May 19, 2015, 07:21:00 AM Simple, because there are many inputs in your transaction. So, the transaction size become bigger & blockchain.info increase the transaction fee, so your transaction can be confirmed. You can reduce the fee manually, but it will take longer time to get confirmed So how to avoid this so it should not take many inputs, is there any way? Title: Re: Why blockchain charging charging high miner fee Post by: favdesu on May 19, 2015, 08:22:12 AM Simple, because there are many inputs in your transaction. So, the transaction size become bigger & blockchain.info increase the transaction fee, so your transaction can be confirmed. You can reduce the fee manually, but it will take longer time to get confirmed So how to avoid this so it should not take many inputs, is there any way? use the advanced function. you can choose to only use 1 address and set a custom fee. Title: Re: Why blockchain charging charging high miner fee Post by: alani123 on May 19, 2015, 11:03:03 AM That's because of the size of your transaction. Blockchain.info gives you an option to add a stable fee, and even smaller fees than 0.0001 would get your transactions confirmed quickly. If you set your wallet choosing your fee depending on the size of your transaction you might end up with transactions like that. Supposedly, this helps the transaction get picked up at the same time as a smaller one would be picked by the miners.
Title: Re: Why blockchain charging charging high miner fee Post by: hunkey600 on May 19, 2015, 11:17:35 AM ok thanks all
Title: Re: Why blockchain charging charging high miner fee Post by: Ghostface on May 19, 2015, 02:04:59 PM Simple, because there are many inputs in your transaction. So, the transaction size become bigger & blockchain.info increase the transaction fee, so your transaction can be confirmed. You can reduce the fee manually, but it will take longer time to get confirmed So how to avoid this so it should not take many inputs, is there any way? I always use the custom send. You can manually change the fee in there and even set it to no fee if you wish. This may take a very long time to confirm however, or if there's a lot of inputs and you're sending dust it might not confirm at all and get sent back to you wallet. |