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Raw Transaction Tax
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Topic: Raw Transaction Tax (Read 883 times)
madmadmax
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Raw Transaction Tax
April 02, 2013, 12:12:00 PM
#1
How do you calculate it? I have searched google and on this forum and haven't found a single answer.
Are there any low level functions I'm missing?
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CIYAM
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Ian Knowles - CIYAM Lead Developer
Re: Raw Transaction Tax
April 02, 2013, 12:17:29 PM
#2
Tax?
Are you trying to work out a tx *fee* amount?
With CIYAM anyone can create 100% generated C++ web applications in literally minutes.
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madmadmax
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Re: Raw Transaction Tax
April 02, 2013, 12:25:10 PM
#3
Quote from: CIYAM Open on April 02, 2013, 12:17:29 PM
Tax?
Are you trying to work out a tx *fee* amount?
Yes haha the bitcoin network "tax" for processing your payment. The tx fee, I know it is charged by kb apparently but how do you get the proper kb for a transaction before you even create it?
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The Oracle Machine
█
║
█
✔
Unchained Smart Contracts
✔
Decentralized Oracle
✔
Infinitly Scalable
✔
Blockchain Technology
✔
Turing-Complete
✔
State-Channels
█
║
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May 29
CIYAM
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Offline
Activity: 1890
Merit: 1086
Ian Knowles - CIYAM Lead Developer
Re: Raw Transaction Tax
April 02, 2013, 12:39:41 PM
#4
Okay - refer to this:
https://en.bitcoin.it/wiki/Transaction_fees
Just create it the raw tx (with no fee) but don't send it and check its size (and the age of UTXOs if necessary) - remember that paying the fee is simply reducing one of the outputs (generally the change one) by the appropriate amount.
With CIYAM anyone can create 100% generated C++ web applications in literally minutes.
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DannyHamilton
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Re: Raw Transaction Tax
April 02, 2013, 02:55:58 PM
#5
Quote from: madmadmax on April 02, 2013, 12:25:10 PM
how do you get the proper kb for a transaction before you even create it?
As CIYAM has pointed out, you don't. First you create the transaction, then you calculate the fee.
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