Bitcoin Forum

Hi everyone,

sometimes i send 0.0001 bitcoin to friends and coworkers who want to get started with bitcoin.
I use bitcoind to do that and that works fine.
For some reason however the transaction fee always stays 0.0005 even if i use the paytxfee parameter.
With the rising prices the txfee of 0.0005 is just too high, does anyone have an idea about this ?

This is the command line i use in my script:
bitcoind.exe" -rpcpassword=xxx -paytxfee=0.00001 sendtoaddress %address% 0.0001 "0.0001 to %email%" "0.0001 to %email%"

Thanks!
Roland
www.bitcoinspot.nl

It isn't paytxfee it is settxfee

paytxfee has no effect on low-priority transactions (and transactions less than BTC0.01 are always low priority) if it is less than mintxfee. You must reduce mintxfee in order to send low-priority transactions with reduced fees. Note that doing so is not recommended as your transaction will take a very long time to confirm, a situation which will not impress your friends and coworkers. Neither will sending them BTC0.0001, an amount which will cost at least that much in fees to spend, and is therefore literally unspendable.

ok thanks,

i send the 0.0001 amount just so that they can check if their wallet is receiving funds.

Hmm nomatter what i try, the transaction fee stays 0.0005. I cant even find settxfee as a parameter in the help for bitcoind.
Anyone here have any experience with this? or maybe an example command line ?

bitcoind.exe -rpcpassword=xxx -paytxfee=0.001 sendtoaddress xxx 0.0001 "test" "test"