Is there a new policy on miner's fee?

[MissGrey]

I heard that for fix this problem, maybe you can "clean up dust", by sending all your btc in one transaction to an address that you own, so your money is collected in one single amount and you don't have too many entries.

[Starlight2]

Oh!  Okay,  I'm getting the whole idea in one piece now. I've been receiving from faucets a lot and I'll have to set limits for those i haven't. I've also been doing a lot of minute transactions and i guess i should have taken time to work out something practical.  Thanks so much for breaking this down practically

[AngryDwarf]

I think some people somehow are tricking the system by sending a small amount with the very high fee and then mining the transactions themselves by somehow sending to incorrect addresses format which it shows "unable to decode the address" in blockchain.

I believe this is when people use the blockchain to store data.

[AngryDwarf]

I heard that for fix this problem, maybe you can "clean up dust", by sending all your btc in one transaction to an address that you own, so your money is collected in one single amount and you don't have too many entries.

This will still occur a fee, so it is best done during times of low demand with a fee level where you are happy to wait for it to be confirmed.

[talkbitcoin]

I think some people somehow are tricking the system by sending a small amount with the very high fee and then mining the transactions themselves

you don't know when you find a block no matter how big a miner you are, and mining pools share the reward between all those who connect to them. so doing what you say means sending a tx with high fee (high priority) and the next block which may or may not be mined by you will pick it up!
unless you don't broadcast it to the network in the first place and since it is not in the mempool then it is not doing anything, you just mined a tx and nobody knew about it until it was in a block. you can fill the blocks for no reason this way but i don't think it can affect the fees that much.

I heard that for fix this problem, maybe you can "clean up dust", by sending all your btc in one transaction to an address that you own, so your money is collected in one single amount and you don't have too many entries.

this doesn't change anything, as AngryDwarf said, you still have to pay a fee. although you can clean up dust by paying a much smaller fee and wait around for a long time until it confirms (or use viabtc ) and end up with only one Output and save up on some small amount of fee.

[DoublerHunter]

I don't think there is a new policy for miners in terms of fee because it is same as the old days but the only difference is the rate of fees for doing transactions, Back in the old days, transactions are usually very fast and cheap in fees but now on, it is slower and it is getting more expensive but i hope this problem will be fix by the miners soon.

[AngryDwarf]

I don't think there is a new policy for miners in terms of fee because it is same as the old days but the only difference is the rate of fees for doing transactions, Back in the old days, transactions are usually very fast and cheap in fees but now on, it is slower and it is getting more expensive but i hope this problem will be fix by the miners soon.

The transaction rate has hit the 1MB blocksize limit. The only solutions are:

1.) Less users use the system.
2.) Users only use the system for larger amounts.
3.) Change the protocol (which requires consensus that it would appear is impossible to achieve)

Note: In the past miners increased the blocksize until they hit the 1MB limit and could go no further.

[pooya87]

0.) Spammers stop spamming the network with spam transactions, or they run out of money. also miners stop putting their own transactions in the blocks they mine to waste space which would otherwise be free.

The transaction rate has hit the 1MB blocksize limit. The only solutions are:

1.) Less users use the system.
2.) Users only use the system for larger amounts.
3.) Change the protocol (which requires consensus that it would appear is impossible to achieve)

Note: In the past miners increased the blocksize until they hit the 1MB limit and could go no further.

[SaShiRaJaVu]

I heard that for fix this problem, maybe you can "clean up dust", by sending all your btc in one transaction to an address that you own, so your money is collected in one single amount and you don't have too many entries.

The problem is that the exact definition of dust transaction will change with time and i am not sure what a dust transaction is at this moment of time and i guess anything below 0.0005 btc is considered a dust transaction,it is true that you could bundle all the micro transaction to a new clean address so that it creates one big transaction to avoid that but with blockchain info i am not sure how to rectify that as i am not using it and that is what the OP is asking.

[d.kevin29]

I tried to send once a higher number of transactions (+30) in a few minutes to different addreses, and the starting recommended fees were about $0.15 for the first one. I sent the first and having that number in my head, I kept sending to other addresses without ever looking again at the fees.. only to find out at the 11th transaction that the fees just kept getting higher and higher, so the last one did cost $0.94 in terms of fees. Looking at all the transactions in a row the fees were like $0.15 for the first, $0.19 for the second, $0.24 for the third and so on until I reached that sum. Then I sent the next ones by choosing my own wanted transaction fee, which was $0.20 for each. They got confirmed in a few dozens of minutes..

Whenever you send a transaction, double check the fees. $4 for your small transaction is too much.. just put $0.2 like I always do, and you should be doing fine.

Thanks,  i didn't want to tamper with the transaction fees since it appears I'm doing that at my own risk.  I couldn't afford the money being lost in the blockchain or not confirmed as i didn't have extra at that time.  I still want to know how one manages to gather 'dust' in the process of transaction. I've been using the wallet for about 2 years now and i still intend to have these bits of bitcoin transactions here and there from time to time. I want to avoid the  'dust' that leads to issues as this

The app recommended me to send a 0.00091BTC fee or my transaction "would never get confirmed". My first try was a 'pain': I tried to send the same transaction (worth roughly $25) with 0.0001BTC in fees and it went out well (got confirmed in around one day or so). Since then, I'm sending most transactions with 0.0001BTC in fees when I am not in a hurry, 0.0002BTC when I need to get it confirmed in a few hours and 0.0003BTC when I want to get it confirmed ASAP. Most 0.0001BTC fees transactions get confirmed in max a day.

[bryant.coleman]

I don't think there is a new policy for miners in terms of fee because it is same as the old days but the only difference is the rate of fees for doing transactions, Back in the old days, transactions are usually very fast and cheap in fees but now on, it is slower and it is getting more expensive but i hope this problem will be fix by the miners soon.

The transaction rate has hit the 1MB blocksize limit. The only solutions are:

1.) Less users use the system.
2.) Users only use the system for larger amounts.
3.) Change the protocol (which requires consensus that it would appear is impossible to achieve)

Note: In the past miners increased the blocksize until they hit the 1MB limit and could go no further.

Option #1 is ridiculous. We are in the early adopter phase, and if Bitcoin survives for another couple of years then the user base is going to increase exponentially. In such a scenario, how can we aim for less users using the system? The third option is also impossible to implement, as it requires consensus. So the only remaining choice is #2.

[BitcoinHodler]

I heard that for fix this problem, maybe you can "clean up dust", by sending all your btc in one transaction to an address that you own, so your money is collected in one single amount and you don't have too many entries.

The problem is that the exact definition of dust transaction will change with time and i am not sure what a dust transaction is at this moment of time and i guess anything below 0.0005 btc is considered a dust transaction,it is true that you could bundle all the micro transaction to a new clean address so that it creates one big transaction to avoid that but with blockchain info i am not sure how to rectify that as i am not using it and that is what the OP is asking.

definition of dust has changed, it was something like 5600 satoshi first, and then it changed to a different number, and i admit that i am not sure how it is calculated at this time. i believe it is no longer a fixed number though.
and it is doesn't seem to invalidate a transaction either! i have seen translations sending 1 satoshi!

[jakelyson]

I don't think there is a new policy for miners in terms of fee because it is same as the old days but the only difference is the rate of fees for doing transactions, Back in the old days, transactions are usually very fast and cheap in fees but now on, it is slower and it is getting more expensive but i hope this problem will be fix by the miners soon.

That is a scaling problem that unfortunately has not been solved yet. So right now, we have no choice but to pay ridiculously high fees to be able to send bitcoins faster. So for the meantime, to be able to maximize your fees, do not send or receive small amount. It is better if you send in bulk.

[The One]

It would be nice if there was a way to send all the dusts from one address to the same address, whereas it would become one big dust. Since there is no 3rd party involved, why does it require a miner to validate?