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Author Topic: "Transaction is over the size limit" On ALL of my transactions?  (Read 1043 times)
Fiyasko
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March 20, 2013, 03:31:20 AM
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So for the full year of using bitcoin, I have only had ONE, Not oversized transaction, and with the rise in price, the fees are really starting to add up
Why are All of my transactions, Be it 1btc or 1satoshi, Are all "over the size limit"?

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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March 20, 2013, 03:46:46 AM
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You keep sending low priority spam?  Good news is you are making the network more secure.

My guess is you have a huge number of tiny inputs (SD? worthless "free" BTC sites? miner which set pool to auto-payout at something ridiculous like every 0.0001 BTC?).  Your wallet is spammed to hell.

Bitcoin priority works on the concept of coin age.  It takes roughly 1 Bitcoin-day (1BTC which is 1 day old, or 10 BTC which are ~2 hours old, or 0.1 BTC which are 10 days old) to avoid low priority fees.  The tx must also have all outputs be 0.01 BTC or more and total size less than 10 KB to avoid anti-spam fees.
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March 20, 2013, 03:47:38 AM
 #3

So for the full year of using bitcoin, I have only had ONE, Not oversized transaction, and with the rise in price, the fees are really starting to add up
Why are All of my transactions, Be it 1btc or 1satoshi, Are all "over the size limit"?

From another thread:

A better catch-all English translation:
"Due to the use of recently received funds, the size of this transaction in KB, or the transaction amount, a fee of 0.0xxx is required to ensure your Bitcoin transfer is reliably processed. Proceed?"

It's simply the result of you engaging in activity that is sending you tiny bits of coins, or you trying to spend small amounts of coins right after receiving them.    Bitcoin isn't a microtransactions network.  Neither is PayPal or Dwolla.  

Dwolla charges $0.25 unless the amount $10 and under then it is free, but the minimum you can send is $1 USD.  PayPal charged $0.30 + 0.29%.

the fees are really starting to add up

I'm betting that compared to PayPal or Dwolla they are pretty trivial.  Like 0.0005 BTC?  (worth three U.S. cents).    

Now if they are higher amounts, like 0.01 BTC, that's because it is pulling together a ton of small bits.

If they are a significant problem you can try importing your private keys into Blockchain.info/wallet and from there spend "Custom" where you can choose what fee to pay, ... though your transaction might hang as unconfirmed for a long time if you choose too small of an amount.
 - https://blockchain.info/wallet/import-wallet

Fiyasko
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March 20, 2013, 09:30:59 PM
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You keep sending low priority spam?  Good news is you are making the network more secure.

My guess is you have a huge number of tiny inputs (SD? worthless "free" BTC sites? miner which set pool to auto-payout at something ridiculous like every 0.0001 BTC?).  Your wallet is spammed to hell.

Bitcoin priority works on the concept of coin age.  It takes roughly 1 Bitcoin-day (1BTC which is 1 day old, or 10 BTC which are ~2 hours old, or 0.1 BTC which are 10 days old) to avoid low priority fees.  The tx must also have all outputs be 0.01 BTC or more and total size less than 10 KB to avoid anti-spam fees.
Your guess is wrong -_-", but thanks for the coinage info

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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