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Author Topic: High transfer fee?  (Read 1429 times)
odolvlobo
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May 26, 2016, 07:50:46 PM
 #21

So you send more bitcoin you pay more fee? this is bs I was sure that you can send any amount with the same fee at least this is what
I was explaining to people about bitcoin.
And why is it fees are getting higher every day? if it goes this way I personally prefer banks. if bitcoin is going to take our money instead of
Producing new coins then I doubt any sane person continue to work with it and support the system.

Miners choose which transactions to include in a block. Since the space in a block is limited, they generally choose the transactions with the highest fee per byte. They don't really care about the amount of the transaction.

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digaran
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May 27, 2016, 06:33:15 AM
 #22

So you send more bitcoin you pay more fee? this is bs I was sure that you can send any amount with the same fee at least this is what
I was explaining to people about bitcoin.
And why is it fees are getting higher every day? if it goes this way I personally prefer banks. if bitcoin is going to take our money instead of
Producing new coins then I doubt any sane person continue to work with it and support the system.

Miners choose which transactions to include in a block. Since the space in a block is limited, they generally choose the transactions with the highest fee per byte. They don't really care about the amount of the transaction.


And what's with the fee when you try to move coins from addresses in the same wallet? I'm referring to new block chain wallet if you try
to send from multiple addresses you need to pay fee for them all, but before you could just click on send and you were able to send your
Total amount in one transaction with only once paid fee. is it new way to rip off people?

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odolvlobo
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May 27, 2016, 06:46:40 AM
 #23

So you send more bitcoin you pay more fee? this is bs I was sure that you can send any amount with the same fee at least this is what
I was explaining to people about bitcoin.
And why is it fees are getting higher every day? if it goes this way I personally prefer banks. if bitcoin is going to take our money instead of
Producing new coins then I doubt any sane person continue to work with it and support the system.
Miners choose which transactions to include in a block. Since the space in a block is limited, they generally choose the transactions with the highest fee per byte. They don't really care about the amount of the transaction.
And what's with the fee when you try to move coins from addresses in the same wallet? I'm referring to new block chain wallet if you try
to send from multiple addresses you need to pay fee for them all, but before you could just click on send and you were able to send your
Total amount in one transaction with only once paid fee. is it new way to rip off people?

I'm not clear on the situation you are describing, but sending bitcoins between two addresses in the same wallet accomplishes nothing, except perhaps if the wallet requires you to send from the old legacy addresses to a new HD address.

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Holdaaja
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May 27, 2016, 11:18:14 AM
 #24

So you send more bitcoin you pay more fee? this is bs I was sure that you can send any amount with the same fee at least this is what
I was explaining to people about bitcoin.
And why is it fees are getting higher every day? if it goes this way I personally prefer banks. if bitcoin is going to take our money instead of
Producing new coins then I doubt any sane person continue to work with it and support the system.

It isn't about the amount of bitcoin, it is about the amount of transactions.
If someone sends you 1 btc and you send it again somewhere else, you can basically send it without fees.
But if someone sends you 1000 times 0.001btc (total 1btc) and you send them all somewhere else then it will cost more because it will be more work for the network.

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