Is it bad form to be stingy on tansaction fees?

[7788bitcoin]

With the small block size, you are very lucky to have your transaction included with only 10 bits of transaction fee... I myself is stingy on transaction fee but I will at least include a 100 bits fee to be safe.

[yayayo]

I chose "Yes", because I strongly dislike the kind of people that is constantly complaining about alleged high transaction fees. Bitcoin's transaction fees are perfectly adequate for the service provided, especially if you consider that you can transact worldwide without interference of third parties.

Of course it's up to the user, if he/she wants to be stingy regarding transaction fees. After all, the sender of a transaction bears the risk of delay / non-confirmation. However I consider it totally unacceptable to be stingy and complain about slow confirmation times. As Bitcoin matures, block rewards are dropping and miners' income will increasingly depend on transaction fees. Therefore it's immature to be stingy and expect the same level of service.

ya.ya.yo!

[BitHodler]

Not at all. However, you have to accept and understand that mining pools will ignore your transaction for quite a number of hours if you really try to save on fees.

I have done this as well, but stopped including low transaction fees because I got annoyed of having to wait hours before my transaction gets even 1 confirmation.

Right now I add 0.00025-0.0007BTC in fees per transaction, depending on how soon I need my transaction to confirm.

[Catmony]

Most of the time i use atleast 10000 satoshi or 0.0001BTC in every transaction which i found enough to make my transaction get confirmed within hour but better to go with suggested fee by web wallets, blockchain for me.

You have only paid 0.00001BTC which is very low than required so be happy that you get confirmation within so less time than expected.

[Doamader]

No one can complain if does put low fees into their transactions, while we all know the fees should grow over the time to give the same service as now, my fee is usually around 20-50k but some services i do use make transactions with 10k as well, lower them makes no sense.

[Wind_FURY]

To answer OP's question, no it is not "bad form". The real concern is having your transaction confirmed at the shortest possible time. It would be a pain to wait for your transaction to be confirmed sometimes.

I have another question. Have anyone here have had unconfirmed transactions by using the standard BTC.0001 fee amount? I have never had any problems before when I am sending $50 to $100 worth of Bitcoins. But I have started paying higher fees after reading that there were some users here who had encountered problems with their transactions.

[Junko]

I don't think it is "bad form" at all. It's a matter of which option you want - faster or slower confirmation. I doubt miners take it personally or get offended if you choose the slow option.

[crairezx20]

To answer OP's question, no it is not "bad form". The real concern is having your transaction confirmed at the shortest possible time. It would be a pain to wait for your transaction to be confirmed sometimes.

I have another question. Have anyone here have had unconfirmed transactions by using the standard BTC.0001 fee amount? I have never had any problems before when I am sending $50 to $100 worth of Bitcoins. But I have started paying higher fees after reading that there were some users here who had encountered problems with their transactions.

As of now never experience any problem in my transactions i am using 10k sat too just for experiment the speed few weeks ago.. sometimes there is a different speed or there is no assurance that you can get the exact speed if you are paying in default fee.
Right now it  is just a small amount of fee even you are paying the maximum fee in recommended fee in electrum..  the speed for me is fine and it takes few minutes and you will get confirm.. unlike you are paying small fee it needs to mine a block before it confirms..

[krishna1]

i have payed transaction fees as low as 4000satoshi it does not matter how low you pay the fees the lower you the the more time it will take for the confirmations and if you didnt payed any fees then it can either take upto 3-4days to confirmed or else it will be rejected by the network after some days