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Author Topic: How to calculate miner's fees? Googled info only confused me more! Thanks!  (Read 554 times)
miragecash (OP)
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February 23, 2014, 12:48:59 AM
 #1

OK, I googled it and the internets said that there is a 0.0001 BTC fee per 1000 bytes. However, how many bitcoins are in a byte? Electrum asks me to type in a fee but doesn't tell me how much to type in. So I typed in a 0.0001 BTC fee, hit "enter" and crossed my fingers. Someone please tell me the fee schedule of BTC charged per BTC sent through. Thanks.

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h3rlihy
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February 23, 2014, 01:16:51 AM
 #2

I've sent shedloads of transactions all with the generally standard 0.0001 multibit default fee and haven't had any trouble.
mortos
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February 23, 2014, 04:36:25 AM
 #3

Yeah pretty new also, i just payed out 1.07 btc to someone and asked for 0.0001 btc.  Well don't seem that bad considering what other fees are.
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