Yo peeps, Just wondering, what determines the transaction size? Simply random or? It is mostly between 200-500 bytes. Thanks for educating  Each input adds 180 bytes to the transaction. Each output adds 34 bytes to the transaction. There is a fixed 10 bytes per transaction. Transaction size = 180 bytes per input + 34 bytes per output + 10 bytes This transaction has a size of 224 bytes, https://blockchain.info/tx/4c1ad203e13a0b185fa870e751879f127307d08f67e30508a4682537ad64d05a1*180 + 1*34 +10 = 224 A typical transaction is around 500 bytes. That's very mathematical, I like that. What' an input and output though? Input = incoming transaction? |
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It'll say it's a double spend before it confirms, because that's exactly what you're doing. Once either confirms the other is I'll and void. So don't worry about it in the future, and if the person receiving the transaction is worried just have them wait for some confirmations.
Hey thanks. Out of curiosity, do nodes selectively sometimes avoid "double spend" transactions out of safety concern, or they don't care. I've receive 2 confirmations after 1 block so I am wondering if that's because some nodes choose not to take it because of the double spend broadcast. Or it could just be the traffic or low fees nodes can modify their settings to accept or reject anything they want. what they should do is that they should reject any transaction that is a double spend. but what you did is probably an RBF transaction. those things are like an exception. in your first transaction you tell everyone that you may change this transaction to increase its fee (replaceable by fee), so nodes expect it to happen. those nodes that allow RBF transactions won't reject this kind of double spend and simply replace it with the new one. Thanks, that's a very good explanation. Though wondering if RBF might end up being a bad samaritan, since users might start with low fees and rebroadcast again chocking up traffic. |
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I am paying for about 4 USD for my transaction using Electrum.
I am getting 2 confirmations after 10 minutes (~about one block created). Is this normal?
Note: I rebroadcasted the fees so maybe for rebroadcast there is a "double spend" warning, not sure if this causing any delay.
Well, i don't know is it normal or not but getting 2 confirmations after 10 minutes is quite fast and i think it's worth it by spending 4 usd to get fast confirmation like that. Actually you can customize the fee and you can decrease the fee on blockchain but i never use electrum, i don't know if electrum have the same option or not. Yea, Electrum is pretty flexible on that. You could in theory sent out a transaction with super low fees, and rebroadcast with incremental fees if you want. Not sure how the nodes will treat the multiple transaction though |
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Transaction fees depends upon how many transactions are currently being processed by the network and the more transactions being processed by the network at any given time means the fees will go up accordingly.
Please read my question  |
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I am paying for about 4 USD for my transaction using Electrum.
I am getting 2 confirmations after 10 minutes (~about one block created). Is this normal?
Note: I rebroadcasted the fees so maybe for rebroadcast there is a "double spend" warning, not sure if this causing any delay.
No no no, this is not normal. You should not be paying $4 for one transaction unless it is a very big transaction. You should be paying more like $1 actually. And you know what, two blocks have mined and I still only have 2 confirmations, despite the fees! |
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Transactions were nice and fast right after the 1st, but this week I noticed it slowed way down again. Are the high fee's just the cost of doing business, or is greed setting in again with picking and choosing higher fee transactions first again?
While I can concur greed is always at play, my uneducated guess is that it gets even out with many nodes taking in confirmations. Perhaps a bigger possibility is that more traders are joining, say big time trading firms that has prior shunned crypto investment, all in the anticipation that it will rise after Segwit2X. |
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It'll say it's a double spend before it confirms, because that's exactly what you're doing. Once either confirms the other is I'll and void. So don't worry about it in the future, and if the person receiving the transaction is worried just have them wait for some confirmations.
Hey thanks. Out of curiosity, do nodes selectively sometimes avoid "double spend" transactions out of safety concern, or they don't care. I've receive 2 confirmations after 1 block so I am wondering if that's because some nodes choose not to take it because of the double spend broadcast. Or it could just be the traffic or low fees |
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Yo peeps, Just wondering, what determines the transaction size? Simply random or? It is mostly between 200-500 bytes. Thanks for educating |
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I am paying for about 4 USD for my transaction using Electrum.
I am getting 2 confirmations after 10 minutes (~about one block created). Is this normal?
Note: I rebroadcasted the fees so maybe for rebroadcast there is a "double spend" warning, not sure if this causing any delay.
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Yo peeps,
Was trying to send out some coins yesterday, and I guess due to the increasing value of bitcoins the fees also increased, I tried sending with a low fee, and changed it today after waiting for 9 hours. After increasing fees in Electrum and rebroadcasting the transaction now have a double spend warning on the blockchain explorer.
Does double spend warning always spit out if I rebroadcast? thanks
Note: the transaction is finally confirming as we speak and I had to spend 4 USD for it, sucks.
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Is the the slightest possibility that newcomers will actually warm up to BCC not knowing much about the history or friction behind. Some might see BCC in the light of ETH surpassing it's parent. It's not the overwhelming sentiment in this forum for sure but it might be a different story in BBC CNN or howtotradebitcoin.com (for example)
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Hi ppl, I am a paranoid please bear with me I am planing to use Coinomi for the extract since it's on an entire new machine (handphone rather) which I did a clean factory resets. 1. Transfer my coins from Electrum to Trezor. 2. Look for private keys of used address in "Addresses > Change > Used" 3. Use "sweep wallet" options in Coinomi and input the private keys from Electrum 4. Wait for new BCC to appear Sounds right guys and girls? |
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I'd think about simply moving to a country with low income tax. If that person you're talking about has a a lot of money, enough to make moving to a distant country worth the trouble, think about the Cayman Islands or Monaco. You wouldn't be subject to any tax, although it's possible all the paperwork required for residency would cost you. If that happened to be hard, there are countries with very low income tax and cheap everything, like Bulgaria. With $1000 a month you can live like a king there and income tax is just 10%.
Do we really need to be a residence to open an account there? I'm not sure about the two countries that I've mentioned, but usually you need at least a local address to be able to open a bank account. In Germany for instance you must be a resident to do it or have a business registered there. Also, if you want to avoid taxes, you will have to be a resident, simply because most countries require their nationals to pay taxes regardless of where their bank accounts are located. To be able to file your tax reports elsewhere you need to either run your own business or be employed in another country, or (much more difficult) obtain a citizenship. I am not a tax person, but what if I have a company that operates in a tax free location, and I am depositing my bitcoin sales money into this company, doesn't that work ? |
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While I have full confidence of my country's financial system *wink*, I'd like to be safe and keep this part of my chest elsewhere. Question: 1. A country with a reputable bank, non tax and allows non residence to open an account. Does it exists? 2. Cashing out to a company. I have a dormant Seychelles company with a Bank of Cyprus account. Is cashing out into a company entity heard of? 3. Feel free to add into the questions list. And I am not a big whale, just have ~10 btcs to cash out slowly so the considerations might be exactly similar to the multimillionaires And look forward to some advices |
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I'd think about simply moving to a country with low income tax. If that person you're talking about has a a lot of money, enough to make moving to a distant country worth the trouble, think about the Cayman Islands or Monaco. You wouldn't be subject to any tax, although it's possible all the paperwork required for residency would cost you. If that happened to be hard, there are countries with very low income tax and cheap everything, like Bulgaria. With $1000 a month you can live like a king there and income tax is just 10%.
Do we really need to be a residence to open an account there? |
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Why does he need to move anywhere? I don't get it because if he is willing to diversofy his investmentnt portfolio investing on other assets on multiple countries is a bad idea because you will be taxed in multiple places. All earnings whether it is foreign or domestic will be both taxes by your local government authority and at the same time be taxed by another country. If I were you I'll only diversofy my portfolio with its operations on that country.
This is actually a good option since moving to another location or a new country is not for everybody as it can mean some stress and one must be prepared to do so. I am sure that the best way to move forward is to see someone who is specializing in tax matters and also legal matters. Securing a professional opinion can broaden one's choices in making a decision and can help someone see a better perspective of his situation. This is, of course, aside from researching and using Google where people might have already shared their experience and insights. I think OP's reason for moving it out is partially explained in his last sentence: he is a libertarian and does not wish to contribute to state taxation, which he believes is helping to sponsor violence (war?). We can assume then that he is seeking the best alternate jurisdiction to do something like this. The bad news is that OP may still have to cough up some fiat and get taxed on that if you want to move and change your tax residency - unless you already have an initial capital. Papers to legitimise your move cost money. Unless you find a lawyer willing to settle everything for you and get paid in crypto (all the same, the lawyer will pay tax on your behalf in that case). Initial tax unavoidable I feel. The good news? Plenty of tax jurisdictions that would welcome your investments. Luxembourg comes to mind and is Bitcoin friendly. Brunei Darussalam is even better for 0 tax, is neither pro nor anti crypto, but almost impossible to gain citizenship if that's also a concern. How do we open a personal account with Luxembourg or Brunei? I know some jurisdiction doesn't need you to live or work there to qualify for one. |
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Why does he need to move anywhere? I don't get it because if he is willing to diversofy his investmentnt portfolio investing on other assets on multiple countries is a bad idea because you will be taxed in multiple places. All earnings whether it is foreign or domestic will be both taxes by your local government authority and at the same time be taxed by another country. If I were you I'll only diversofy my portfolio with its operations on that country.
This is fortunately, untrue. If there is a tax treaty between countries, you get taxed once. |
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Be interested to know too. |
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susah kalo cari team pake b inggris di sub forum ini belom tentu semua orang indo ngerti bahasanya, mending ts belajar dulu bahasa indonesia Iya, aku sedang belajar skrng. Dan juga project skrng berjalan lancar tetapi butuhkan lebih banyak member dari Indonesia. Intinya ini Indocoin good job sir  semoga lancar nanti projectnya,salut dengan konsep/programnya,semoga banyak yang mendukung dan sukses. Thanks sir atas dukungan Salah satu fitur adalah utk membolehkan airdrop supaya bukan sahaja trader yg partisipasi, tetapi juga dgn orang harian. fitur kedua adalah fitur cashback, kita butuhkan satu system di mana kita bisa mempopularkan kegunaan indocoin di mana salah satu e-commerce bisa membagi fitur cashback supaya coin bisa di tersebar luas. |
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where do you come from ? what country ? i will be happy to help you as long as you did not scam people from Indonesia..
i am full stack developer for java script..
you can PM me if you need java script dev
Itu dia sudah menyertakan link slacknya bro silahkan di rundingkan di slacknya saja, tapi rasanya rancu sekali jika project embel2 Indonesia yang mewacana orang asing  rasanya orang Indonesia miskin ide Peace gan Sebaiknya kalau bisa dipimpin olh orang Indonesia. Jadikan team international dengan partisipasi dan kepimpinan orang Indonesia. Minimalnya 60% org Indonesia. Koin ini bakal target Asia Tenggara tapi kita mahu mulanya dari negeri terbesar Asean. Peace. |
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