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Title: TRANSACTION FEE???? WTF IS THIS? Post by: NoWhammies on December 24, 2013, 10:31:13 AM Confirm transaction fee
This transaction is over the size limit. You can still send it for a fee of 0.0005 BTC, which goes to the nodes that process your transaction and helps to support the network. Do you want to pay the fee? What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?! Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: Lucky Cris on December 24, 2013, 11:00:14 AM You must be using Mulitbit or a similar client that doesn't all you to set your own transaction fee.
Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: pizzabit on December 24, 2013, 11:27:46 AM use the official client then u can set the fee :)
Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: Remember remember the 5th of November on December 24, 2013, 11:42:24 AM Confirm transaction fee 1 satoshi transactions are actually sort of "banned" for now, some miners will accept them, but there must be a fee higher than what you are sending. It was made so it discourages dust transactions.This transaction is over the size limit. You can still send it for a fee of 0.0005 BTC, which goes to the nodes that process your transaction and helps to support the network. Do you want to pay the fee? What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?! Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: HellDiverUK on December 24, 2013, 11:58:05 AM What is this?! I just want to send 0.00000001 BTC! … It's going to cost me 0.0005 BTC to send 0.00000001 BTC ?!?! 0.00000001 would likely never, ever go anywhere, it'd just be stuck Unconfirmed, so don't waste your time. Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: Foxpup on December 25, 2013, 12:50:31 AM What do you mean, WTF is this? It's a transaction fee. It's a fee you pay to send a transaction. Transactions consume network resources, you see, and the fee pays for that. It's not really a hard concept to grasp.
Bitcoin is not suitable for microtransactions and never will be. Using the vast resources of a high-speed international payment system to send less than a thousandth of a cent is like using an ICBM to deliver a pizza: it's technically possible and in fact may be the fastest way to do it, but don't complain about the cost. Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: e521 on December 25, 2013, 12:53:19 AM Quote A transaction may be safely sent without fees if these conditions are met: It is smaller than 10,000 bytes. All outputs are 0.01 BTC or larger. Its priority is large enough (see the Technical Info section below) First result on google for bitcoin transaction fee. Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: bitpop on December 25, 2013, 01:57:42 AM You cant send that much as of now. Wait a couple years.
Title: Re: TRANSACTION FEE???? WTF IS THIS? Post by: NoWhammies on February 14, 2014, 06:08:56 AM All good answers, thanks all! ;)
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