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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Antpool batch payout = 168 BTC, transaction fees: 40k satoshi?!?
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Author Topic: Antpool batch payout = 168 BTC, transaction fees: 40k satoshi?!?  (Read 461 times)
greyworld (OP)
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August 09, 2017, 02:04:24 AM
 #1
So they just paid the miners $1.50 to send around about a half million dollars?!?

https://live.blockcypher.com/btc/tx/3b70c8c44cc6dcd0ff2a82681329c8d14bc9e0399c20430dbd6c653127f6f67f/

Am I reading that right?
'¸ __ ¸*ˆ * ·¸ ____ ¸*ˆ*· ¸ ______________________ ¸ ·*ˆ*¸ ____ ¸· * ˆ*¸ __ ¸'
. `·.,¸¸,.' .CKPOOL.ORG - Zero Fee Anonymous Bitcoin Mining Pool´ . . . '.,¸¸,.·´ .
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ `·.,¸¸,' ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ',¸¸,.·´ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯
TryNinja
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August 09, 2017, 04:30:48 AM
 #2
What's wrong with that?

A 112.46 satoshis/byte fee is relatively a high fee for the current Bitcoin network situation.

That's one of Bitcoin's good part. The fees you pay are not determined by the amount sended. You can either send $1 or $1.000.000 in a single transaction, but your fees will be the same.

P.s: It's 400k satoshis (~$14), not 40k.
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gio999
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August 09, 2017, 06:25:20 AM
 #3
i think this is wrong
-ck
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August 09, 2017, 07:13:21 AM
 #4
Fees are based on transaction size, not value transacted. This is normal.
Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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