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Author Topic: How much will the commission for the transaction be?  (Read 493 times)
liliiaolivia2017 (OP)
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June 28, 2017, 08:18:14 PM
 #1

Tell if you know much will the commission for the transaction be in btc?
VC George
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June 28, 2017, 10:23:31 PM
 #2

Tell if you know much will the commission for the transaction be in btc?
Take a look here: https://bitcointalk.org/index.php?topic=1974301.msg19650490#msg19650490
and combine this with the current optimal fee values from here: https://bitcoinfees.21.co/
If you want to pay the "economy" fee for your transaction just be prepared to wait for a bit longer
in order to receive a confirmation. Smiley
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June 28, 2017, 10:29:12 PM
 #3

Tell if you know much will the commission for the transaction be in btc?
You don’t give an example that you want to calculate, but the total you are going to pay will depend on the size of the transaction and the fee you decide to pay to the miners, for example, suppose that the size of your transaction is 200 bytes and you decide a fee of 250 satoshis/byte, if you multiply those numbers you get 50k satoshis or 0.5 mBTC or 1.268 dollars at the current prices.
btctousd81
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June 29, 2017, 01:53:16 AM
 #4

it totally depends on how much you are sending, additionally you could set the transaction fees, its simple ratio.,
lower the fees, more time it will take to confirm the trsansaction.,
higher the fees, quicker it will confirm.,

ahmedjamal1998
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June 29, 2017, 02:20:30 AM
 #5

I don't care about fees any more. I send with the lowest amount possible and accelerate it with viabtc.
Since I don't make that much transactions, it works whenever I need it Cheesy
The last one was 2 days ago.

Look at the following transactions of mine (newest to oldest)

https://blockchain.info/tx/1730d50e17fdc3bc6190948c2df9c2d8c12ab23f57f30dc2289ac966d99a38c4  -  25 sat/byte
https://blockchain.info/tx/c12568181597af94d50e61bd782276753ee0f7ffc58c6e3a2c9f9e43003f1253   -  100 sat/byte
https://blockchain.info/tx/4df59396564b6ea1a6fb578d3ad2e8261464e491ce8459577c69dc4567e24660 - 130 sat/byte
https://blockchain.info/tx/f6290491b2f00b3c5f2c773ab024723b568bdca456b680b24a2a766aab3d8d15  - 63 sat/byte

So apparently it works very well.
Note: In the 100 sat/byte it was confirmed on its own without acceleration.
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June 29, 2017, 04:37:59 AM
 #6

Well, this is rather simple to do and you could use one of those fee estimators to be doing this though. But these are typically used for wanting to get your tx done fast and quick and that's usually that, you're not going to be doing this if you're trying to get cheapest and fastest or something along those lines. I know if you go and visit Coincap.io if you look on the top left the avg fee is put their in dollars and cents to be able to quickly do it. You could also go here, https://bitcoinfees.21.co/#fees which shows the avg fee somewhere around $2. Goodluck with your TX


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DOGE12321
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June 29, 2017, 05:04:42 AM
 #7

It depends on the size of your transactions and the number of inputs and outputs of your transaction. The more inputs and outputs you have in your transaction the higher the fee.

At the moment, the transaction fee is sitting quite high. This is because of the scaling issue with Bitcoin. The average transaction fee varies a great deal according to changing circumstances. If you wish to attain the best fee - that is the most economical and fastest fee - check this website before every transaction: https://bitcoinfees.21.co/

At the moment the fee is sitting at 330 satoshis/byte.
Prodigan786
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June 29, 2017, 07:44:05 AM
 #8

its completely depend on what you decide to pay for miners and how soon you want to transfer fund if you really want to send as quick as possibl e may have to give higher price per byte like per byte 100 sathoshi its agian depend. again you can set low transaction fees and accelerate through viabtc i tried with viabtc once but id dint work . But there lots of people got benefit out of that.
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June 30, 2017, 08:41:26 AM
 #9

For me transaction fee is just fine because miner also invested money for there mining hardware so it just a fair play to both party, and it also depend on you on which transaction speed do you like to fasten your transaction, the higher the better, but don't transact small amount of bitcoin.

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