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Title: How much Tx fee should I pay ? Post by: CoinLearn on February 08, 2014, 02:32:16 PM I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ?
Title: Re: How much Tx fee should I pay ? Post by: keithers on February 08, 2014, 04:59:10 PM Just pay the default amount
Title: Re: How much Tx fee should I pay ? Post by: rix5 on February 08, 2014, 05:46:02 PM if it doesn't matter if it arrives a few days later you can also pay no fee at all
Title: Re: How much Tx fee should I pay ? Post by: keithers on February 08, 2014, 06:08:13 PM If you are messing with the Tx fees make sure you put the decimal in the right spot! You dont want to end up sending more in transaction fees then the entire amount you meant to send :)
Title: Re: How much Tx fee should I pay ? Post by: CoinLearn on February 08, 2014, 06:59:33 PM Just pay the default amount What is the default amount ? I am using BlockChain.info web wallet. Title: Re: How much Tx fee should I pay ? Post by: DannyHamilton on February 09, 2014, 05:42:49 PM I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ? That depends on how many recipients you are paying, and how many inputs you are using to build your transaction. The standard fee right now is 0.0001 BTC per kilobyte. Each input will be about 180 bytes or so, each output will be about 34 bytes, and there will be approximately 10 bytes in fixed size data in every transaction. Title: Re: How much Tx fee should I pay ? Post by: Sonny on February 10, 2014, 07:49:12 AM I need to make my faucet payment where a total of 0.001 BTC will be distributed among multiple recipients. I would like to know how much Tx fee should I pay for this ? The tx fee depends on how large your tx size is (in KB) rather than how much bitcoin you are sending out. So, to know the tx fee you need to pay, you need to know how many inputs and outputs are in your tx. Title: Re: How much Tx fee should I pay ? Post by: SEREGA1980 on February 10, 2014, 09:22:48 AM if it doesn't matter if it arrives a few days later you can also pay no fee at all |