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Author Topic: Fee higher than 0.005 btc?  (Read 403 times)
bikerleszno
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April 01, 2017, 05:48:40 PM
 #1

Is there any method to make fee higher than 0.005 btc in multibit wallet?
I have it on windows. Want to make it higher but slider can go max to 0.005 btc.

Please help

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April 01, 2017, 06:37:56 PM
 #2

Is there any method to make fee higher than 0.005 btc in multibit wallet?
I have it on windows. Want to make it higher but slider can go max to 0.005 btc.

Please help


This quote from 2012 suggests to me that you might be able to increase the fee by editing the multibit.properties file in your user data folder. However, I don't know whether it would work or not, and I would only risk experimenting with a wallet containing a very small amount of Bitcoins in case tampering with the properties makes multibit malfunction. I looked in a recent multibit.properties file and there are no fee settings, so I don't know if adding some would cause a malfunction.


The fee choice is stored in the multibit.properties in your user data so you have kept it.
That could well be it.
I noticed a couple of weeks ago that dropping to a fee of 0.0005 rather than 0.001 started bumping me from getting in the next block (for testing I like to save time so am happy to pay more).

Experiment with a fee of 0.001 for a few days and see if that solves it. Let me know if it does (or not). Trying to pin down exactly what happens to transactions is more art than science sometimes.


Someone asked if altering the properties file could change the fee in 2013, but he never got a clear answer to his question.

I use MultiBit 0.5.16 (Windows)

In %appdat%\MultiBit\multibit.properties there are the options of setting the transaction-fee:
sendFee=0.001
previousSendFee=0.001

If I set these to 0.0001 will this overide the MultiBit-policy not being able to set the transaction-fee in the MultiBit-software?
I mean: will it use my setting (0.0001) for future transactions?

https://bitcointalk.org/index.php?topic=303407.0 does not give me a clear answer nor do any other topics I could find.



Someone else even asked the multibit dev, but even his answer (given below) wasn't clear.

Reply I got from jim618:

skaht is essentially correct - the setting for fees is at 0.0001 BTC/ KB and is not adjustable currently.
The fee settings are kept in the multibit.properties for backwards compatibility (in case you open an older version of multibit)



edit

In this quote the dev warned that editing the multibit.properties file can break things. Don't even try it unless you are an experienced programmer.


I don't advise editing the multibit.properties file directly as it can produce unwanted sideeffects or break things.
bikerleszno
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April 01, 2017, 06:42:12 PM
 #3

Thanks for answer but i dont have even this file multibit.properties

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