Bitcoin Forum
April 20, 2018, 04:27:15 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: what's the best practice for transaction fee setting?  (Read 1128 times)
newguy05
Hero Member
*****
Offline Offline

Activity: 765
Merit: 501



View Profile
June 10, 2011, 12:15:10 AM
 #1

I am just curious if most of you set transaction fee? and if so what's the amount. The bitcoin client says it recommends 0.01.  I dont mind paying some for transaction fees to support the network but just want to get a feel what is the accepted norm in the community. thanks

                                          ------
                                        ------
                                       ------
                                    --------
                                  ---------
                               -----------
                            ------------
                          -------------
                       --------------
         ---------------------------
    -------------------------------
---------------------------------
 ------------------------------
            -----  --
           -----  --
          -----  --
         -----  --
        -----  --
       -----  --
      -----  --
     -----  --
    -----  --
   -----  --
  -----  --
 -----  --
-----  --
            -----  --
           -----  --
          -----  --
         -----  --
        -----  --
       -----  --
      -----  --
     -----  --
    -----  --
   -----  --
  -----  --
 -----  --
-----  --
JOIN
PRE-SALE
.
.march 2nd.
1524241635
Hero Member
*
Offline Offline

Posts: 1524241635

View Profile Personal Message (Offline)

Ignore
1524241635
Reply with quote  #2

1524241635
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524241635
Hero Member
*
Offline Offline

Posts: 1524241635

View Profile Personal Message (Offline)

Ignore
1524241635
Reply with quote  #2

1524241635
Report to moderator
jackjack
Legendary
*
Offline Offline

Activity: 1134
Merit: 1007


May Bitcoin be touched by his Noodly Appendage


View Profile
June 10, 2011, 12:19:07 AM
 #2

The next release will recommend 0.0005

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
kokojie
Legendary
*
Offline Offline

Activity: 1736
Merit: 1000



View Profile
June 14, 2011, 04:30:21 PM
 #3

0.0005 is great. The 0.01 fee was too much for frequent transactions.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
kokojie
Legendary
*
Offline Offline

Activity: 1736
Merit: 1000



View Profile
June 14, 2011, 04:35:10 PM
 #4

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
TheAlchemist
Full Member
***
Offline Offline

Activity: 252
Merit: 100


OPEN Platform - Powering Blockchain Acceptance


View Profile
June 14, 2011, 04:43:35 PM
 #5

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

I just transferred two bitcoins to http://www.tradehill.com with no fee...

OPEN Platform | Powering Blockchain Acceptance [ICO]
❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱Blockchain's First Payment API❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱
Whitepaper  ●  Slack  ●  Facebook  ●  Twitter  ●  Reddit  ●  Telegram
kokojie
Legendary
*
Offline Offline

Activity: 1736
Merit: 1000



View Profile
June 14, 2011, 05:07:24 PM
 #6

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

I just transferred two bitcoins to http://www.tradehill.com with no fee...

how long did it take? One guy said it took over 10 hours for his 0 fee transaction to appear in mtgox

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
TheAlchemist
Full Member
***
Offline Offline

Activity: 252
Merit: 100


OPEN Platform - Powering Blockchain Acceptance


View Profile
July 01, 2011, 01:30:07 PM
 #7

how long did it take? One guy said it took over 10 hours for his 0 fee transaction to appear in mtgox

Yeah, it took about an hour or two, IIRC, but I wasn't monitoring it continuously because, well, it was only a few BTC.

OPEN Platform | Powering Blockchain Acceptance [ICO]
❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱Blockchain's First Payment API❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱❱
Whitepaper  ●  Slack  ●  Facebook  ●  Twitter  ●  Reddit  ●  Telegram
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!