Bitcoin Forum

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Looks like you have to adjust the settings in your software. Was the transfer faster since you paid more ?

i get bitcoin from faucet
60000 satoshi fee : is 2 day of work

-_-

ppfffff

wow. just wow. you can get much more than that just by looking for some dropped coins on the sidewalk...

Damn that's a lot of staring at the screen and wasting electricity for such a small amount. Have a look in Games and Rounds section.

usually 0.0002 for me.

Well how big was the transaction? If you the transaction was combining a bunch of payments from that address into one payment, then the transaction will be quite large and then you will need to pay a large fee.

No.  You've either misunderstood, or you've been misinformed.

The fee is not 10000 satoshi. The fee is paid PER KILOBYTE.  Some wallets calculate a fee of 10000 satoshi per kilobyte, others will calculate less (perhaps 1000 satoshi per kilobyte).


It sounds like you probably created a transaction that required many kilobytes.


And this is why you have a problem.  Every transaction that a faucet sends you requires at least 148 bytes when you spend the bitcoins that you receive in that transaction.

As an example, lets assume you receive 50 faucet payments to your address.  Then lets assume that you spend the entire amount from all 50 payments in a single transaction, and that you send the entire amount to a single address.

Transactions always have 10 bytes of required information
Your transaction will have 1 output, and outputs are each 34 bytes
Your transaction will have 50 inputs, and inputs are each approximately 148 bytes

10 + (1 * 34) + (50 * 148) = 7444 bytes.

Since this example transaction is more than 7000 bytes, most wallets will require you to pay 8 times the wallet's fee-per-kilobyte.

If the wallet typically paid 10000 satoshi per kilobyte, then the wallet would calculate a 80000 satoshi fee for the transaction.

If you receive money through a lot of small transactions (like through a faucet), and then you try and spend a decent amount of BTC it will use a lot of the inputs from these transactions.
The more inputs the use, the bigger your transactions and the more you pay.
You could try sending a few inputs to yourself so that you have fewer unspent transactions. I think this is possible in bitcoin-qt through the Coin Control settings.

Yes, exactly this! Unfortunately many people still haven't realised this so they keep wasting time in front of their screens and entering captchas. Then they get mad when client takes a bit more for the tx fee. What is there more to say..

0,00002 BTC.
Tested today.
Certified.

Quite sad the more I think of it... I just can't see (unless you get like a thousand referrals) how a faucet can ever be profitable in any way.

They are not meant to be profitable, they are meant to give very new users or potential new users an entrance into the Bitcoin/bitcoin world.
If they were meant to be profitable, then I'm sure miner's would rather enter captchas all day, compared to mining and not get a block all day.

Why is such a large amount of people on these boards than complaining when they have to pay a tx fee on their earnings or that they lost a weeks worth of faucets in a bad investment? I think it is more than that to a lot of people.

Yes, that is true. But eventually in time (since the faucet has brought them in and taught them very basics of the Bitcoin/bitcoin system),
eventually they will be comfortable enough to buy actual worthwhile amounts and eventually be a regular user like us.
Then they will get mad when they lose a whole btc to a bad investment.  :P

I believe faucets allow non-users to safely understand our system, without needed to "go all in", yet.
If they like Bitcoin/bitcoin, their frustration will lead them to attaining significant amounts, eventually.

I think you can send some low transactions without any fees  ;D
I tried it before and it works but it took hours before the transaction was confirmed

i like to stop this fee
or
fixed it in 10000 satoshi

fee bank  dollar <  fee  bank bitcoin

for exemple in dollar you paye 1% fee  , and fast than bitcoin 00:00:00:01

thats not gonna happen ..
but about your fee i think you use blockchain and make lot of diffirent address to use in faucet..
and after you collect all from faucet you send it once in one address..
by the way if you have some skill you can sell your work in service section and you can also join sig campaign..
you can earn much better than faucet there..

heres the sig campaign https://bitcointalk.org/index.php?topic=615953.0 you can earn 60000 sastohi there in just an hour or a minute of your time if you dont understand how it works just ask some member here or pm me i will be glad to help you

OMG still stress test effect goes on?   ???

what??? 60k satoshi fee. That is too much bruh.The highest that i had is just 10k satoshi. Most of the site has only 10k satoshi.

the fee in my wallet is less than 5k satoshi.

dude thats like what 50 cents?

You can manually adjust the fee if you're using a desktop client such as Electrum, Core, Multibit or even online wallets such as blockchain.info. I wonder why people kept on playing for cents when there are actually things they can do to earn dollars.


No, I think not. Just made some transaction with the regular fee that I've been using (0.0001 btc) and the transaction went confirmed for only an hour. Still acceptable for a transaction that needs not to be rushed.

where you do transactions ??
it is a fairly large fee  :(

it doesn't matter where he did that transaction, the size of the transaction depends on the number of inputs.
so expect a high transaction size if you are going to send 0.05 that was made of 100 0.0005 transactions with 1 input each.

Around 0.15$ to send around 6.50$ (or 6.35$ since the .15$ is deducted from it)

You can change the fee, the more money you so set as a fee, the faster the transaction will appear in a block.
You basically, small fee = slower confirmation, big fee = faster confirmation. No fee = no chance to be confirmed.

60.000satosi is not much you can compare with paypal  :P
which wallet you use ? if you use blockchain u can set it with 0 fee but need more time to et confirmation

That's lame that you lost 2 days' worth man, why don't you join a signature campaign? You'll earn a lot more than with faucets. Check out this thread, there are quite a few campaigns that accept member rank
https://bitcointalk.org/index.php?topic=615953.0

it is indeed a very big piece for nominal as it is, but still better than nothing at all

The fee is optional, but without it (or with a small fee) your transaction will take a long time to confirm.

my transactions fees are always 10k satoshi only so i think you changed the default fees to higher one or your wallet has fees system diffrent than blockchain wallet one which i used
or maybe your transaction has a lot of inputs !

You are lucky.I once send 100000 Satoshi and end up paying 40000 Satoshi as fee a hoping 40%

more fee you send = faster confirmation time
if you want fast confirmation time (less than 20 minuts) you can use recomended fee (0.0001BTC)
if you want faster increase it

Maybe it just the fee from the faucet ;D

i use 0.0001 per transaction. always manages to get confirmed,

The optimal fee to send is nearly always 0.0001BTC/KB when the network load is medium to high. The number of inputs and outputs is the main factor affecting the size, using compressed private keys can also reduce the size by a small amount. If the network load is moderate (Not much unconfirmed transaction in mempool) and you don't mind waiting slightly, you can pay 0.00001BTC/KB and the nodes running reference client will relay it and miners would confirm it. In your case, I would actually recommend using an exchange or gambling site to send all the dust too. The transaction fees wouldn't be particularly high then.

it can depend on you you can include a huge fee or dont include it at all

If you have to use faucets {Yes, there are people who enjoy that} use the faucets linked to Xapo. You accumulate all the Satoshi from different faucets into your Xapo wallet

and when you feel you have enough for a transfer... you can transfer one amount, with very little fees to the Blockchain. Xapo does not charge network transaction fees.

Sending bitcoins using Xapo to another person, whether they are another Xapo user or not, is free regardless of the amount.  ;) If you do faucets... Do it the right way.  ::)

http://support.xapo.com/xapo-wallet

What do you mean?the fee was deducted from his ongoing transaction not when he recieved it

That a very good idea, xapo not take fee, and you can send your bitcoin full im use xapo to my small amount wallet

Xapo sends transactions in pulse, it means they send many transactions at once. This way they can save more fees than processing one transaction at a time. Because sending fee is not per transaction but on size.

you are right xapo do it, that why xapo not take fee to his customer
but we must lose something, we can't acces the privekey of xapo bitcoin address

The Xapo transactions is off-chain, so they control it, but once you send it from that wallet to a on-chain address, you have full control over the private keys for your

address. The secret is to keep it within the Xapo network and then gaining the advantage of the NO fees. It's not always possible because some people do not have Xapo

wallets, for those people you transfer it on-chain.   

Isn't it 0.0001 as minimum?

0.0001 is the usual fee but you can actually go lower.

I recently tried to use the Bitcoin core (Coin control) to send out 0.0018 BTC at a fee of about 0.00003275 BTC, effectively transferred 0.00176725 BTC.

people always forget that every transaction fee is determined with the size of the transaction not a fixed amount per one transaction.
this means if you have a lot of inputs, then you will have a large transaction which requires a larger fee.

The absolute minimum fee is 0. Some clients enforce a limit of at least 0.0001BTC and some allows users to change it.

0.0001 as min fee.

No the mminimum fee is 0satosi
I think you can learn more about bitcoiin technology in this forum

that is the recommended, but usually , it depend on the amount you want to send, you can do good with much lower fee in the range of 0-1k

you can use the auto-fee that is embedded in core

Blocktrail has the feature to indicate us the current optimal fees as well as possible lowest fees. This is very much useful data we need to consider before starting bitcoin transactions. Because most of the light weight clients like Multibit or Electrum accepts our transactions with low fees but blocks are not picking our transactions.
https://www.blocktrail.com/BTC

I have sent out 0 fee transactions.  It took almost a day to clear though.  That was a long time ago though, not even sure if it would happen now.  It is probably better to send the fee.

It probably would if you waited long enough. It depends on the state of the network, is there a stress test or not, number of outputs in your transaction, etc..

A great factor would actually be the priority assuming that you fufill all the criteria for sending a free transaction. If the priority is low, ie. the size is large, coin age is low and the input amount is low, it would have a lower priority. It would be less likely to be included in the block if there are lots of other free transactions.

For me its always been 10k satoshis

I use bitcoin core and xapo...
xapo is very interesting if sending is small like 100 satoshi or so because it is fees free.

For my invest system (some here call it my ponzi) I use only xapo so i have no fees,and my investors using as well xapo have no dust effect.
Every one who send and receive small amount od satosi shouls use a wallet like xapo or wallet of this kind.

The fee cost so much to send because you had a lot of inputs into one transaction, increasing the size.

0.0006 is a very high fee. You 'll need to configure the settings in your wallet.
the average fee is 0.0001 but some exchanges have risen it to .0005 to guarantee the transaction.

i just send .0002 fee by default. i'm not gonna fret about a couple cents in fees. i've never had a transaction delayed beyond the next block, so this works just fine for me. YMMV, of course, during a stress test. :P

I thought it's just 0.0001 is the normal fee.

.0001 is the normal fee for every 1kb of transaction to get your transaction in high priority therefore if you are sending with 2kb of transaction you need to pay a miners fee of .0002 and so on and still that depends on the networks's load (unconfirmed transactions)

Yes 0.0001 is the normal fee

One can not talk about normal fee.
Why do you talk about normal fee?

The sender decides the fees he want to pay and no fee is "normal or unormal.
If you pay to much fee,then you have just more chances that your sending is treated faster and if you pay to low fees or even nothing you take the risk that your sending will be confirmed only after a long time.

I personally check here for the fees needed for my transactions to be picked by blocks.
https://www.blocktrail.com/BTC (https://www.blocktrail.com/BTC)
There are two options we can choose from. I always go for Low Priority Fees to save bitcoins even my transactions get delayed.

You can easily set it to 0.000005, there are many miners now and 0.0001 is not needed anymore.

You can save some satoshis that way.

Thank you for useful info.. How sure it is, a low fee transaction also get into a block?

Or even rejected. With blockchain.info i failed twice few weeks ago to send coins without fees.
Well this happened after the coinwallet.eu & malleability thing...

There has always been miners and the difficulty has been increasing recently. The spam attack has ceased or at least slow down.

By default the reference client implements the minimum relay fee at 500 satoshi. Nodes will relay them if your transaction meets the requirement. This will thus give your transaction a higher chance of getting it to the miners. No one can tell if miners would include your transaction into their block. It is only a rough estimate. Even if you pay 1BTC fee, miners could still reject it. It is their choice. Most miner include transactions by the order of the transaction fee/kb, there is a optimal fee/kb at https://www.blocktrail.com/BTC which estimates the fee that is required to get it up to the higher block.
Transaction never get rejected unless they aren't signed or doesn't spend the UXTO that is present. If you don't pay enough fee, it may just be dropped out of mempool. Wallet doesn't really matter when it comes to Bitcoin. The transaction malleability is unlikely to cause your transaction to remain unconfirmed for a long time. I would suspect that it is your insufficient fees.

i believe that 0.0001 fee is the best my transactions always get confirmed with it

yeah, it just gets prolonged, in my case only by two hours, not a big deal, you can try with a not-important transaction

Yeah, 0.0001 will get you through the vast majority of the time. I just set it to 0.0002 in case there is any backlog in the mempool or stress test happening. I don't really care about a few cents, so I'd rather not even think about it and make sure my tx gets confirmed in the next block.

Lol Your 60k satoshis is very high fee... what wallet did you use if you use the electrum just use the minimum fee... for electrum click tools (option) then preferences then transaction fee then change it to 1 per kb... This settings is working to me... I will suggest to you to use online wallet no hassle...

Yes I agree with this. I do the same! To me, few cents really don't matter. But I have realized that there are many people that care about every satoshi. Those are mainly the new people that are hitting faucets and typing in captchas.

i usually just put around 100 bits, 10000 satoshi and it gets like 5 confirmations within an hour.

The fee he is talking about is likely the fee paid and not the fee/kb. This would be reasonable if there is plenty of input and outputs thus having a bigger size. The minimum transaction fee is 0, aka. free transaction. It does require a higher priority though. Online wallets would give you more hassle. You won't be able to control your own coins and it wouldn't be safe if there is a third party that can control it.

I just share my experiences he is talking about how to maintain the fee so i just share my method to maintain the fee read his reply
I just share the settings for transaction after he do my steps he can put 10000 satoshis in send tab even if he send high amount.. thats my experience...

Yes, as per technical people recommendation, we need to check for current optimal fees to get included in next block or into next 2 or 3 blocks. There are many sites, explorers provide this kind of information for a better setting before we transact.