Title: 0.012 btc wallet transaction fee? Post by: #Darren on November 30, 2013, 02:37:26 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc
That's like 12 dollars. Can anyone explain? Title: Re: 0.012 btc wallet transaction fee? Post by: Remember remember the 5th of November on November 30, 2013, 02:38:38 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? Title: Re: 0.012 btc wallet transaction fee? Post by: #Darren on November 30, 2013, 02:57:48 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? What's a "dust output"? I've only ever send bitcoin a few times. Transactions were around 1 to 3 btc in size. Title: Re: 0.012 btc wallet transaction fee? Post by: Remember remember the 5th of November on November 30, 2013, 03:02:10 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? What's a "dust output"? I've only ever send bitcoin a few times. Transactions were around 1 to 3 btc in size. EDIT:Just checked your signature and it's indeed full of very tiny outputs. Title: Re: 0.012 btc wallet transaction fee? Post by: #Darren on November 30, 2013, 03:06:13 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? What's a "dust output"? I've only ever send bitcoin a few times. Transactions were around 1 to 3 btc in size. EDIT:Just checked your signature and it's indeed full of very tiny outputs. Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally. If I hold what is in there for a while will that fee decrease, or will it stay as is? Title: Re: 0.012 btc wallet transaction fee? Post by: Remember remember the 5th of November on November 30, 2013, 03:09:09 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? What's a "dust output"? I've only ever send bitcoin a few times. Transactions were around 1 to 3 btc in size. EDIT:Just checked your signature and it's indeed full of very tiny outputs. Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally. If I hold what is in there for a while will that fee decrease, or will it stay as is? Title: Re: 0.012 btc wallet transaction fee? Post by: marcotheminer on November 30, 2013, 03:11:53 AM That's what my wallet wants to charge me?? I just wanted to send a total of 0.09 btc Perhaps you've accumulated a lot of dust outputs making the size of your transactions very large, thus the large fee.That's like 12 dollars. Can anyone explain? What's a "dust output"? I've only ever send bitcoin a few times. Transactions were around 1 to 3 btc in size. EDIT:Just checked your signature and it's indeed full of very tiny outputs. Thanks for clarifying, yes I stopped mining btc a while back and just play with the faucets occassionally. If I hold what is in there for a while will that fee decrease, or will it stay as is? Never knew that haah! Title: Re: 0.012 btc wallet transaction fee? Post by: Remember remember the 5th of November on November 30, 2013, 03:14:01 AM Transaction priority is based on this formula " // Priority is sum(valuein * age) / txsize" taken straight from the source. If the priority of your transaction was bigger or equal to 57,600,000 it will be mined without a fee, but of course miners can choose their own rules.
Title: Re: 0.012 btc wallet transaction fee? Post by: bg002h on November 30, 2013, 03:47:07 AM If you wait a long time it may become economical to spend your dust. The transaction fee defaults go down periodically as price goes up but most miners don't change the default settings; the next version of Bitcoin-Qt will hopefully have a market based, free floating transaction fee.
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