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Mickeyb
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November 02, 2015, 03:58:02 PM
 #21

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too

0.001 is too high in all instances. 98% of my transactions I send with 0.0001 fee. During the stress tests I was sending with 0.0002 and never had any problems. So if you want, you bump it even to 0.0003, but 0.001 is way too high!
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November 04, 2015, 01:02:52 PM
 #22

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too

0.001 is too high in all instances. 98% of my transactions I send with 0.0001 fee. During the stress tests I was sending with 0.0002 and never had any problems. So if you want, you bump it even to 0.0003, but 0.001 is way too high!
maybe Grin but yep like I said. Using 0.001 for my relief sake LOL. Anyway electrum is quite BS for its default fee per kb high as hell Grin
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November 04, 2015, 02:26:25 PM
 #23

i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time.


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November 04, 2015, 03:01:25 PM
 #24

i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time.


I agree with you but sometime transaction confirmed within an hour or 2 is too long for some business
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November 04, 2015, 06:55:12 PM
 #25

i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time.


I agree with you but sometime transaction confirmed within an hour or 2 is too long for some business

You really gotta have to be cheaping out to save 4 cents on a business transaction. 4 cents for anyone actually using Bitcoin is an incredibly cheap fee compared to other services. I'm guessing most people complaining are probably doing faucets.

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November 05, 2015, 02:27:34 PM
 #26

i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time.


I agree with you but sometime transaction confirmed within an hour or 2 is too long for some business

You really gotta have to be cheaping out to save 4 cents on a business transaction. 4 cents for anyone actually using Bitcoin is an incredibly cheap fee compared to other services. I'm guessing most people complaining are probably doing faucets.
Just received a 0.1 BTC transaction and just really can't stand staying up late and wait for the damn network to confirm because he sent it with 0.0003 BTC fee. That's why I usually do it 0.001 for big amount or the important one
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November 05, 2015, 03:29:15 PM
 #27

i always send with a 0.0001 fee and it always confirms within an hour or two.
I wouldn't recommend such constant fee, it depends on transaction. Sometimes you can use 0.00001 fee but sometimes 0.0003 would be needed to it confirm in acceptable time.


I agree with you but sometime transaction confirmed within an hour or 2 is too long for some business

You really gotta have to be cheaping out to save 4 cents on a business transaction. 4 cents for anyone actually using Bitcoin is an incredibly cheap fee compared to other services. I'm guessing most people complaining are probably doing faucets.
Just received a 0.1 BTC transaction and just really can't stand staying up late and wait for the damn network to confirm because he sent it with 0.0003 BTC fee. That's why I usually do it 0.001 for big amount or the important one
Use CPFP to increase the priority for miners applying the patch if you want to. Just create a transaction with a higher fee from the output. How much is the transaction size? Transaction fees does not matter alot, the thing that matters the most is the BTC fees/kb. That's what the miners are looking at when deciding the priority.
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November 05, 2015, 03:36:36 PM
 #28

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
This 0.001 is very high  0.0001 take time so I mostly go with 0.0002 and 0.0003 and its works for me very quickly
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November 05, 2015, 05:49:42 PM
 #29

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
This 0.001 is very high  0.0001 take time so I mostly go with 0.0002 and 0.0003 and its works for me very quickly

I use, and recommend to go at 0.00011 per kB. Its a tad higher than default so you have better odds of getting confirmed, i don't really like waiting long times for confirmations. Right now 0.00008 per Kb is being recommended as the cheapest that still get you confirmed.
But i don't like to change it all the time so instead i just leave it at slightly above average and only  change it to higher during spam attacks.

Cointape that was recommended many time already is a good source if you want the math to be done for you.

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November 05, 2015, 06:37:02 PM
 #30

I put 0.00125 and it gets comfirmed really quick, 10 minutes or so for 1 comfirmation, 30 minutes for 3 comfirmation aproximately, maybe less time
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November 06, 2015, 01:19:54 AM
 #31

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
This 0.001 is very high  0.0001 take time so I mostly go with 0.0002 and 0.0003 and its works for me very quickly

I use, and recommend to go at 0.00011 per kB. Its a tad higher than default so you have better odds of getting confirmed, i don't really like waiting long times for confirmations. Right now 0.00008 per Kb is being recommended as the cheapest that still get you confirmed.
But i don't like to change it all the time so instead i just leave it at slightly above average and only  change it to higher during spam attacks.

Cointape that was recommended many time already is a good source if you want the math to be done for you.
The default differs between client to client. The minimum for a paid transaction fee is 5000 satoshi as it is the default relay fee as of Bitcoin Core 0.11.0.  During spam attacks, I used 0.0001BTC as a fee and I didn't find any problem getting it included in the block. If the spam attack uses lower fees such as 5000 satoshi, 0.0001BTC fee would be more than sufficient.

I put 0.00125 and it gets comfirmed really quick, 10 minutes or so for 1 comfirmation, 30 minutes for 3 comfirmation aproximately, maybe less time
That's a tad too high. If a block doesn't get mined, you would have to wait longer till it gets mined to stand a chance to eg a confirmation. After the first confirmation, any other block after that will gain you another.
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November 06, 2015, 01:26:27 AM
 #32

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
This 0.001 is very high  0.0001 take time so I mostly go with 0.0002 and 0.0003 and its works for me very quickly

I use, and recommend to go at 0.00011 per kB. Its a tad higher than default so you have better odds of getting confirmed, i don't really like waiting long times for confirmations. Right now 0.00008 per Kb is being recommended as the cheapest that still get you confirmed.
But i don't like to change it all the time so instead i just leave it at slightly above average and only  change it to higher during spam attacks.

Cointape that was recommended many time already is a good source if you want the math to be done for you.
The default differs between client to client. The minimum for a paid transaction fee is 5000 satoshi as it is the default relay fee as of Bitcoin Core 0.11.0.  During spam attacks, I used 0.0001BTC as a fee and I didn't find any problem getting it included in the block. If the spam attack uses lower fees such as 5000 satoshi, 0.0001BTC fee would be more than sufficient.

I put 0.00125 and it gets comfirmed really quick, 10 minutes or so for 1 comfirmation, 30 minutes for 3 comfirmation aproximately, maybe less time
That's a tad too high. If a block doesn't get mined, you would have to wait longer till it gets mined to stand a chance to eg a confirmation. After the first confirmation, any other block after that will gain you another.

Hmm, well i guess, i've used Multibit, Multibit HD and Greenaddress, though Greenaddress also has a auto-calculate fee thing that is pretty nice. Since we're talking about Bitcoin core here then yeah true. 0.0001 just seem very standard so i mislabeled it as "default".

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November 07, 2015, 02:27:52 PM
 #33

I would say 0.001.

That is what I have it set to.
I would say that's quite high Grin It's usually 0.0001 but to guarantee it gets into the next block 0.001 it's fine too
This 0.001 is very high  0.0001 take time so I mostly go with 0.0002 and 0.0003 and its works for me very quickly

I use, and recommend to go at 0.00011 per kB. Its a tad higher than default so you have better odds of getting confirmed, i don't really like waiting long times for confirmations. Right now 0.00008 per Kb is being recommended as the cheapest that still get you confirmed.
But i don't like to change it all the time so instead i just leave it at slightly above average and only  change it to higher during spam attacks.

Cointape that was recommended many time already is a good source if you want the math to be done for you.
I think that 0.00008 per Kb is a little. Just sent one with that fee 2 days ago and it takes like 4 hours @@ that's horrible I have to say
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November 07, 2015, 02:59:31 PM
 #34

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs

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zodiac3011
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November 08, 2015, 05:46:41 AM
 #35

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs
with bitcoincore I think 0.0001 may be not really bad but the priority is quite low so it will get in a block in 4-5 blocks I think
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November 08, 2015, 05:52:34 AM
 #36

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs
with bitcoincore I think 0.0001 may be not really bad but the priority is quite low so it will get in a block in 4-5 blocks I think
Confirmation times does not change with different clients if you use the same fee and the TX is the same. The priority is quite high for anything above or on 0.0001BTC/KB and shouldn't take a few blocks later to confirm. 0.0001BTCKB/KB is nearly ten times of the current optimal fee.
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November 08, 2015, 05:56:08 AM
 #37

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs
with bitcoincore I think 0.0001 may be not really bad but the priority is quite low so it will get in a block in 4-5 blocks I think
Confirmation times does not change with different clients if you use the same fee and the TX is the same. The priority is quite high for anything above or on 0.0001BTC/KB and shouldn't take a few blocks later to confirm. 0.0001BTCKB/KB is nearly ten times of the current optimal fee.
I sometimes use electrum and use 0.0001 for fee usually end up that it takes 2-3 hours for a confirmation
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November 08, 2015, 06:01:35 AM
 #38

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs
with bitcoincore I think 0.0001 may be not really bad but the priority is quite low so it will get in a block in 4-5 blocks I think
Confirmation times does not change with different clients if you use the same fee and the TX is the same. The priority is quite high for anything above or on 0.0001BTC/KB and shouldn't take a few blocks later to confirm. 0.0001BTCKB/KB is nearly ten times of the current optimal fee.
I sometimes use electrum and use 0.0001 for fee usually end up that it takes 2-3 hours for a confirmation
It may be the difference in block frequency or size.
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November 08, 2015, 01:37:31 PM
 #39

i dont have a problem with the fee, 0.0001 fee is better for me right now,iam happy with that , like what all told its depend on how many input you have since the transaction fee is not depends on how much bitcoin you have but its about the inputs
with bitcoincore I think 0.0001 may be not really bad but the priority is quite low so it will get in a block in 4-5 blocks I think
Confirmation times does not change with different clients if you use the same fee and the TX is the same. The priority is quite high for anything above or on 0.0001BTC/KB and shouldn't take a few blocks later to confirm. 0.0001BTCKB/KB is nearly ten times of the current optimal fee.
I sometimes use electrum and use 0.0001 for fee usually end up that it takes 2-3 hours for a confirmation
It may be the difference in block frequency or size.
Block frequency is fine about 7-15 mins. Some block explorer shows that the fee is of low preference
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