|
Title: bitcoind including transaction fees regardless of size? Post by: GoldInThemGPUs on May 11, 2011, 01:40:31 AM I sent a few transactions out recently through bitcoind, and every single one has produced a 0.01 fee, even when the average size of the transactions is 250 bytes (they almost always only had 1 input).
How can I disable the transaction fee when sending smaller amounts? I'm not that concerned about speed, and I don't like the idea of having a payout of 0.25-0.3 BTC being sent with a 4-5% fee attached. Title: Re: bitcoind including transaction fees regardless of size? Post by: Gavin Andresen on May 11, 2011, 02:12:54 AM Wait a while and they will be free again.
If you are sending 1 BTC (that you just received) in a 250 byte transaction, you need to wait 24 hours (1 day). Send 0.25 BTC, you'll need to wait 4 days. Send just 0.01 BTC as a 250 byte transaction, and you need to wait 100 days before you'll be allowed to send it for free. priority is calculated as: #BTC * #confirmations / transaction size. Very-low-priority is defined as less than 1 * 144 / 250 (1 BTC, 144 confirmations == 24 hours, 250 bytes), and they require a fee. The tentative plan is for fees to be reduced to (corrected proposed fee) Title: Re: bitcoind including transaction fees regardless of size? Post by: PwrLeveld on May 11, 2011, 02:27:08 AM What is the estimated release tme of the next client?
|