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Title: too fee or not to fee Post by: collapse on March 27, 2013, 10:35:21 PM Too fee or not to fee, that is the question.
Quote "Wire" transfers 0.01 <-> 10000 MU day: 1 Bitcoin = 70 MU; System (time) : amount - fee = result My bank (0.5 - 3 days) : 0.01 MU - 0 MU = 0.01 MU Bitcoin (60 - ? minutes): 0.000142857 - 0.005 = -0.004857142 => Error My bank(0.5 - 3 days): 10000 MU - 0 MU = 10000 MU Bitcoin(60 - ? minutes): 142.8571429 - 0.005 = 142.8521429 => 9999.65 MU How much time could take a transaction without fee? Title: Re: too fee or not to fee Post by: Synapse_On_Slush on March 27, 2013, 10:40:44 PM Well mine go instantly. But I like to think of it as a 'tip' rather than a fee.
At the moment though, the 'tips' are less important while the high reward per block is about. Also, we're right before the difficulty rise for this 2 week period and as ASICs have been coming in steadily the last 2 weeks the block completion time is shorter than usual. So I'd say you should get it sent almost as fast if not as fast as if you paid a standard 0.001 fee. Title: Re: too fee or not to fee Post by: collapse on March 28, 2013, 02:42:15 AM standard 0.001 fee. I think standard fee is 0.0005 BTC, seems low, but a normal day could take more than two hundred, thousand of buy-sell-transfer actions for a family. 200*0.0005 = 0.1 BTC 0.05 * 31 days = 3.1 BTC For example, today prices 70€/88$, 217€/272$ month only in fees, this new format of "taxes". Without fee very slow, with tax very expensive. My pocket wallet has no fee, and time of confirmation is around 0. The mining elite format. The only thing that make this false, is the existence of another alternative currencies,... Title: Re: too fee or not to fee Post by: collapse on November 13, 2017, 08:55:41 PM "Wire" transfers 0.01 to 10000 MU day:
Quote 1 Bitcoin = 6300 MU; System (time) : amount - fee = result My bank (0.5 days) : 0.01 MU - 0 MU = 0.01 MU Bitcoin (60 - ? minutes): 0.000001587 - 0.00158 = Error My bank(0.5 days): 10000 MU - 0 MU = 10000 MU Bitcoin(60 - ? minutes): 1.587301587 - 0.0045 = 1.582801587 => 9971 MU Average user transactions day > 10 tx / day Average bitcoin fee 0.0016 BTC result x10 = 0.016 BTC in fees. Average salaries day ~0.013 BTC / day |