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Title: Fee's with Bitcoind.. Post by: DesignDerby.co.uk on February 09, 2016, 12:01:57 AM I am trying to send automated payments from my linux server and I am having a problem with the fee amount in the bitcoin.conf, I was under the impression it would automatically take the fees required for optimal sending time but it doesnt.
I sent this payment; Code: https://blockchain.info/tx/e44feaeb8614e9be711bd08d16c13d9f23415148d5479f855f194c2a2e17bebc This morning quite early and its still unconfirmed, I believe its because of the fee amount I 'opted' for.. Code: listen=1 I understand fees are different based on the size of the transaction, so I need some help as to what to set fees at.. I will be sending a range of payments, some at say $30, some at $0.50. Thanks for the help in advance, if you need any more information please let me know. Title: Re: Fee's with Bitcoind.. Post by: DesignDerby.co.uk on February 09, 2016, 02:11:51 AM Nevermind, I have changed it to;
Code: listen=1 Seems to be working fine now. Title: Re: Fee's with Bitcoind.. Post by: unholycactus on February 09, 2016, 11:46:05 AM Nevermind, I have changed it to; Code: listen=1 Seems to be working fine now. Meaning you have a flat 0.0001BTC fee for any transaction you'll be doing? You might run into some trouble doing this. Title: Re: Fee's with Bitcoind.. Post by: siameze on February 09, 2016, 12:01:08 PM Nevermind, I have changed it to; Code: listen=1 Seems to be working fine now. Meaning you have a flat 0.0001BTC fee for any transaction you'll be doing? You might run into some trouble doing this. I'll agree, depending on whether or not you are just making dust transactions. I have seen this on reddit so many times where people complain about tx not going through when they didn't bother to include a high enough fee or any at all. EDIT: you may save yourself a few satoshi by sending all your payments in one batch and paying a single tx fee. Something to consider. Title: Re: Fee's with Bitcoind.. Post by: DesignDerby.co.uk on February 09, 2016, 10:53:41 PM The maximum amount being sent ever in these transactions will be 0.1, I presumed the amount above is perfectly reasonable for that amount? Is there anyway I can set the bitcoin daemon to send fees automatically based on the size?
Title: Re: Fee's with Bitcoind.. Post by: siameze on February 09, 2016, 11:20:02 PM The maximum amount being sent ever in these transactions will be 0.1, I presumed the amount above is perfectly reasonable for that amount? Is there anyway I can set the bitcoin daemon to send fees automatically based on the size? Not possible, at least with core: https://bitcointalk.org/index.php?topic=644189.0 Learn more about how fees are calculated here. http://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending The maths behind it are quite simple really once you get the hang of it. Title: Re: Fee's with Bitcoind.. Post by: DesignDerby.co.uk on February 09, 2016, 11:58:31 PM The maximum amount being sent ever in these transactions will be 0.1, I presumed the amount above is perfectly reasonable for that amount? Is there anyway I can set the bitcoin daemon to send fees automatically based on the size? Not possible, at least with core: https://bitcointalk.org/index.php?topic=644189.0 Learn more about how fees are calculated here. http://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending The maths behind it are quite simple really once you get the hang of it. Thanks very much for that post, helped a lot. I think I have it covered for now. |