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Author Topic: Sending bitcoin without the miner fees !  (Read 4226 times)
Paid Piper
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July 12, 2017, 09:21:30 PM
 #121

Well, I guess the transaction could eventually happen but after much time, and not fast, because the miners look for higher transaction fees. If they don't happen, well you won't lose your btc and they will return to your account. But if you really want to make some transactions, I suggest putting a normal transaction fee, so It will eventually be processed faster.



That right, because It's better to have a normal transaction and got a smooth process  Wink
that is right if we want to have a good and fast transaction we should go with a little fee. and specially for transferring a big amount where we feel reluctant  while proceeding the procedure.
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Mia Wallace
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July 12, 2017, 10:00:29 PM
 #122

why would I pay 10% or even 20% fees when I can use Paypal for much lower fees? More than that, I can use a debit card without any fee for online shopping and ATM withdrawals Smiley
BTC wasn't made to be a payment system. the fees will increase. they will not go down.
For me bitcoin is a total package and it can be used as a medium of transaction and can be used as an asset. The fees will go down and that is the reason we are having the scaling that is going to happen by August 1 and after that everything will be alright and the fees will go down for sure.

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July 12, 2017, 10:19:03 PM
 #123

why would I pay 10% or even 20% fees when I can use Paypal for much lower fees? More than that, I can use a debit card without any fee for online shopping and ATM withdrawals Smiley

BTC wasn't made to be a payment system. the fees will increase. they will not go down.

If the fees you include with your transactions are like 10-20% of the transaction value, it tells me that you are playing with pocket change. If you send 0.01 BTC value transactions, and you include a fee of 0.001 BTC, it may seem like a big fee, but you have to look at things from a different perspective too. The same 0.001 BTC fee that looks like a massive fee in the afore stated example, is complete peanuts when you transfer amounts of 1 BTC and up. But hey, if people think the fees are too steep, they are free to use whatever centralized service they want -- no one is forcing you guys to solely use Bitcoin.
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July 13, 2017, 12:12:32 PM
 #124

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?
If you had done it two weeks before,then you transaction might have stuck due to large number of transactions in queue and would have taken even ten days or more to get confirmed.But now,since every one know that segwit is to be activated,transaction fee has become very low and so you would not be facing any problems if you send bitcoins with very low transaction fee and so your transaction would get confirmed very soon.
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July 13, 2017, 12:15:02 PM
 #125

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?
If you had done it two weeks before,then you transaction might have stuck due to large number of transactions in queue and would have taken even ten days or more to get confirmed.But now,since every one know that segwit is to be activated,transaction fee has become very low and so you would not be facing any problems if you send bitcoins with very low transaction fee and so your transaction would get confirmed very soon.

That's right, so guys please don't even try to send bitcoin with very low fees. The transaction never happens and the amount turn back to your wallet if you're lucky.
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July 13, 2017, 12:54:47 PM
 #126

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?

Um, do it at your own risk because your transaction might get stuck for a very long time.
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July 13, 2017, 05:27:12 PM
 #127

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?

Um, do it at your own risk because your transaction might get stuck for a very long time.
That depends on what you consider to be low fee, a fee of 20 satoshi/byte will give you a confirmation in about 10 hours if you are not in any hurry to get a confirmation and you are sending this to a friend then that is a good enough fee, in the other hand if you need a fast confirmation then that will be a awfully low fee.



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July 13, 2017, 05:32:58 PM
 #128

I definitely definitely would not recommend sending bitcoin without paying the miner fee. If I need something to get somewhere fast I actually over pay the fee. I used to send using blockchain.info's default fee setting, and I have recently have had transactions get stuck without any confirmations for a whole week. If you are sending to place a sports bet, this obviously will not work.
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July 13, 2017, 05:41:47 PM
 #129

there are only two possibilities, either it gets through or it doesnt.,
worst case scenario , you will get yours bitcoins back, idk when but either instant or eventually., else it gets processed, as in mined by miners.

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July 20, 2017, 07:42:48 PM
 #130

We all know that we can't make transactions with zero fee but the public complaints are due to extreme miner fees. This is not fair.

I've been using bitcoin for more than 1.5 years and this high fees are stupid. If miners think they getting good money by stealing from us, they will face the problems soon.
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July 20, 2017, 08:02:44 PM
 #131

I remembered reading someone tried sending his BTC without miner fees (the last time he tried was back in April) and that took 11 days total for the transaction to get through. Anybody more daring tried it more recently though? Tongue

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July 20, 2017, 09:22:16 PM
 #132

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?
Sending bitcoin without the miner fee is quite impossible because the process for the transaction and the one who process the transaction is paid for a price and their service is not free. Doing a transaction with a low transaction is possible yet it will take time before it can be able to process due to the reason that mostly miners take on priority with the transactions with high miner fee because it might be an indication that it is a really important transaction to do. But if you want a fast process, you may pay high miner fee rather than waiting for a long time but assure that you are transacting a great amount so that miner fee won't be larger than the transaction.


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July 25, 2017, 05:13:55 AM
 #133

So i was thinking if i send a bitcoin transaction without the miner fee or a very low fee what will happen ? would i get the coins back eventually ? or they will just stuck there forever ! and if that happened how to do that double spend ?
Sending bitcoin without the miner fee is quite impossible because the process for the transaction and the one who process the transaction is paid for a price and their service is not free. Doing a transaction with a low transaction is possible yet it will take time before it can be able to process due to the reason that mostly miners take on priority with the transactions with high miner fee because it might be an indication that it is a really important transaction to do. But if you want a fast process, you may pay high miner fee rather than waiting for a long time but assure that you are transacting a great amount so that miner fee won't be larger than the transaction.

I have 2 instances where I mistakenly input my transaction fees in my electrum and it took some time 3 weeks to more than a month to get through. If you do not need the money that much, you can do some small transactions fee but I highly discourage that though because you are imprisoning your coins for weeks and can miss some valuable market trends.
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July 25, 2017, 05:20:40 AM
 #134

I have 2 instances where I mistakenly input my transaction fees in my electrum and it took some time 3 weeks to more than a month to get through. If you do not need the money that much, you can do some small transactions fee but I highly discourage that though because you are imprisoning your coins for weeks and can miss some valuable market trends.
Question here, can you set the fee in Electrum? I am currently using Mycelium and one online wallet. In Mycelium, it has preset fees for low-prio, normal, and high-prio and changes from time to time - you can't set your desired fee. I'm planning to use Electrum if the fees can be set by me, myself.

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July 25, 2017, 05:23:07 AM
 #135

If miner fees were just an option, then everybody else wouldn't be using it. They have work to do to confirm our transactions and their machines are investments that cost thousands of dollars. Miner fees have been somewhat more acceptable in recent weeks compared to when there were congestion and the fees were seemingly unfairly high.
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July 25, 2017, 05:45:47 AM
 #136

If you are not paying for miners fee,that transaction will not be processed
It seems to be a provision.
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July 25, 2017, 05:51:22 AM
 #137

If miner fees were just an option, then everybody else wouldn't be using it. They have work to do to confirm our transactions and their machines are investments that cost thousands of dollars. Miner fees have been somewhat more acceptable in recent weeks compared to when there were congestion and the fees were seemingly unfairly high.

miners are investors and are also risking their money to engage in bitcoin mining industry. it is but just to have them rewarded with the mining fee and if there will be some regulation in the near future as to the maximum transaction fees, that would even be better.
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February 27, 2018, 09:25:13 AM
 #138

If a transaction goes unconfirmed for too long, it will eventually disappear from the network. Most clients will remove it from their pool of unconfirmed transactions at some point. And yes, the money should return to your account.You need to remember about applying appropriate fee size to every transaction unless you want to get your money stuck.The only way to send BTC's without miners bounty is to do it through some website
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March 07, 2018, 06:09:56 PM
 #139

is it possible to receive a shipment for free, this is also called '' want to earn money without any effort ''. it can not happen. such properties are the same as lazy. so every bitcoin delivery you have to wear the cost of miners that have been set by bitcoin. every transaction made in the bitcoin network has a transaction fee.
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