Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: oshmosh on May 26, 2011, 10:21:52 AM



Title: Why can't I send 0.1 BTC
Post by: oshmosh on May 26, 2011, 10:21:52 AM
Hello,

I'm trying to send 0.1 BTC from the official client (Version 0.3.21 beta) but I get an error message suggesting (or rather forcing) me to pay 0.01 BTC for transaction fees since the transaction is over the size limit. I find this strange since I can send this amount from MyBitcoin.com without a problem and furthermore the wiki states that only transaction less than 0.01 BTC or bigger than 27 Kb should incur transaction fee (https://en.bitcoin.it/wiki/Transaction_fees).

Can anyone explain this error message?

Thanks in advance,
Mosh.


Title: Re: Why can't I send 0.1 BTC
Post by: Lilium on May 26, 2011, 10:50:52 AM
Hello,

I'm trying to send 0.1 BTC from the official client (Version 0.3.21 beta) but I get an error message suggesting (or rather forcing) me to pay 0.01 BTC for transaction fees since the transaction is over the size limit. I find this strange since I can send this amount from MyBitcoin.com without a problem and furthermore the wiki states that only transaction less than 0.01 BTC or bigger than 27 Kb should incur transaction fee (https://en.bitcoin.it/wiki/Transaction_fees).

Can anyone explain this error message?

Thanks in advance,
Mosh.


"There are no transaction fees" is not quite right - there's a cost for every transaction.

You do a transaction - It has to be verified.
This requires computing power by other partakers and electricity with it.

To prevent transaction spam and overloading the network with "worthless" transactions the client ( I suppose ) has a lock on too small transactions.


Title: Re: Why can't I send 0.1 BTC
Post by: Garrett Burgwardt on May 26, 2011, 11:03:14 AM
If you just got the coins, they're not aged enough to be sent without a fee.


Title: Re: Why can't I send 0.1 BTC
Post by: oshmosh on May 26, 2011, 01:03:14 PM
The coins have 30 confirmations, so they're not old by the net standard. I still don't understand why MyBitcoin.com can send minimum amount for free and I can't.


Title: Re: Why can't I send 0.1 BTC
Post by: Gabriel Beal on May 26, 2011, 01:15:08 PM
The coins have 30 confirmations, so they're not old by the net standard. I still don't understand why MyBitcoin.com can send minimum amount for free and I can't.

I don't really know, but could it be because the actual coins being sent out by MyBitcoin.com aren't the same (and therefore older) than the ones you're trying to send?