Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Honeypot on January 06, 2014, 12:06:41 PM



Title: Can we have lower Bitcoin Wallet transaction fees
Post by: Honeypot on January 06, 2014, 12:06:41 PM
Right now, it costs at least 0.0001 to send BTCs.

Soon, that would be an expensive proposition to many.

How about 0.000001 btcs?

I am sure this was discussed numerous times, but I really doesn't do much favors in growing Bitcoin with higher fees for sending coins.




Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: jonanon on January 06, 2014, 01:09:11 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: Bitcoinpro on January 06, 2014, 01:15:22 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)

how


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: articminer on January 06, 2014, 01:29:30 PM
Related - I think the withdraw fees some of the exchanges have for btc is a bit extreme.


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: jonanon on January 06, 2014, 01:50:51 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)

how

In QT - Settings > Options > Main, change the fee amount from within there.

However it may not be possible in other wallets such as multibit.

 :)


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: Bitcoinpro on January 06, 2014, 01:56:09 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)

how

In QT - Settings > Options > Main, change the fee amount from within there.

However it may not be possible in other wallets such as multibit.

 :)

even with large transaction byte sizes?


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: jonanon on January 06, 2014, 02:01:04 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)

how

In QT - Settings > Options > Main, change the fee amount from within there.

However it may not be possible in other wallets such as multibit.

 :)

even with large transaction byte sizes?

Well you obviously know something I don't  :) I have read of huge amounts being sent without a fee so I assume it's possible?


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: Barek on January 06, 2014, 03:02:55 PM
Reading this may help.

https://gist.github.com/gavinandresen/2961409


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: domob on January 06, 2014, 03:03:26 PM
BTC can be sent without a fee or with a smaller fee to what you have inclined.

 ;)

how

In QT - Settings > Options > Main, change the fee amount from within there.

However it may not be possible in other wallets such as multibit.

 :)

even with large transaction byte sizes?

Well you obviously know something I don't  :) I have read of huge amounts being sent without a fee so I assume it's possible?

The amount of coins being sent is not important, so yes, you can send thousands of coins for free.  The important quantity is indeed the transaction size and its priority, which depends on how many outputs you need to combine for the transaction, and how old those are.

Rule of thumb is that the larger the amount sent, the better (so sending 1 BTC is better for priority than sending just 0.001 BTC), and if you received / use lots of small inputs (like from a faucet) it costs you more transaction fees.


Title: Re: Can we have lower Bitcoin Wallet transaction fees
Post by: Littleshop on January 06, 2014, 03:11:37 PM
Related - I think the withdraw fees some of the exchanges have for btc is a bit extreme.


Please stop using the exchanges with high fees.  They will go away.  Let the owner know why you are taking your business elsewhere.