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Author Topic: How can I pay little to no miners fee  (Read 1408 times)
Professor James Moriarty (OP)
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September 22, 2013, 07:45:34 AM
 #1


 I want to send someone little amounts of coin but via blockchain.info I have to pay 0.0005 or something like that I am not sure , lets say I want to send 0.00001 and want to pay 0.000001 as miners fee , how can I do it? Keeping mind , all my coins are on my blockchain website wallet so I dont have any coins on anything else.
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September 22, 2013, 09:16:35 AM
 #2

Quoting from the wiki:

Quote
A transaction may be safely sent without fees if these conditions are met:
  • It is smaller than 10,000 bytes.
  • All outputs are 0.01 BTC or larger.
  • Its priority is large enough (see the Technical Info section below)

Otherwise, the reference implementation will round up the transaction size to the nearest thousand bytes and then add a fee of 0.0001 BTC per thousand bytes[1]. Users may increase the default 0.0001 BTC/kB fee setting, but cannot control transaction fees for each transaction. Bitcoin-Qt does prompt the user to accept the fee before the transaction is sent (they may cancel the transaction if they are not willing to pay the fee).
Note that a typical transaction is 500 bytes, so the typical transaction fee for low-priority transactions is 0.0001 BTC, regardless of the number of bitcoins sent.

If you want to ensure that you send the minimal amount of transactions fees you can enable the a "frugal" fee policy. To do this:
1) Login to your blockchain.info account
2) Click on the button on "Wallet Home" screen which states "Account Settings" which is on the middle right hand side.
3) Press "Continue"
4) Click on the "General" tab on the left hand side and scroll down
5) Select "Frugal" to minimise the transaction fees you send.

WARNING: You may have significantly slower transaction confirmation time although it should eventually get a confirmation.

Professor James Moriarty (OP)
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September 22, 2013, 09:24:45 AM
 #3


 Well thanks , that was what I was looking for Cheesy

 I also had to pay 0.0001 , which is accaptable comparing to 0.0005 but I do wonder if there is 'pay no fee' option?
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September 22, 2013, 02:15:04 PM
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 Well thanks , that was what I was looking for Cheesy

 I also had to pay 0.0001 , which is accaptable comparing to 0.0005 but I do wonder if there is 'pay no fee' option?
There is no such option. But if you are so cheap that you can't afford to pay 1 cent in fees, you can use the "no forced transaction fee" fork for bitcoin-qt (find it yourself).

It is pitch black. You are likely to be eaten by a grue.

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September 23, 2013, 11:56:15 AM
 #5

Using one of the online wallets like inputs.io might solve your needs. Usually those wallets allow you to send transactions without fees to others using the same service.

This is why most of the dust faucets use online wallets.

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