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Author Topic: Bit coin Transaction  (Read 540 times)
Paecga129
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October 22, 2017, 09:02:00 PM
 #21

Yes you can send a transaction for as low as 1 satoshi, but it will most definitely take a while to get confirmed so just keep that in mind. The higher you go the faster it'll take to get confirmed.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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dead_m92
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October 22, 2017, 09:05:20 PM
 #22

Wow such a newbie in here, please, try to understand how bitcoin works a little bit more before making a transaction, because you will only have a loss of your funds if you try to send it without any fees.
It is insane, this is like joining to a train without paying the ticket, you will be kicked out of there without any explanation. Think about it, miners are the ones who makes your transaction goes through, and you have to pay them for it.

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Murloc
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October 22, 2017, 09:41:20 PM
 #23

Is it possible to send bitcoins without paying a fee?


Once I've seen a guy on this forum that forgot to put a fee on his transaction and sent it with zero fee. He started a thread and someone accelerated his transaction. Duno how it happened (and I don't recommend to do it with your own money) but it seems like it is possible to do it Smiley

shursight
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October 22, 2017, 10:02:19 PM
 #24

It is possible but you will need to pay a fortune to an extra miner to acelerate your transaction, probably more than $10 or maybe $20, so it is not worth it if you can just set up a total fee of $2 or $3 per tx.
Dont be greedy, it is not too much money that you have to spend in fees, why dont you want to pay for it? you can have everything for free if you are talking about cryptocurrencies.
It is a service, you are sending money and you need to pay for it to get confirmed, it is not difficult to understand.


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miss.M
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October 24, 2017, 12:33:33 AM
 #25

Not now, but maybe later it will happen because knowing that bitcoin is popular in many countries and more stores or any transaction accept bitcoin. and i think someday it will become less in transaction fees.

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October 24, 2017, 03:09:04 AM
 #26

Ini my opinion all transactions have a cost, only one comfermation per successful transaction,the transaction costs for the miners that make the transaction connect to recever so that the higher the transaction cost easier and faster. bitcon transactions are applied as incentives for bitcoin miners.
twthmoses
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November 08, 2017, 09:31:27 AM
 #27

Ini my opinion all transactions have a cost, only one comfermation per successful transaction,the transaction costs for the miners that make the transaction connect to recever so that the higher the transaction cost easier and faster. bitcon transactions are applied as incentives for bitcoin miners.

This will surely be the future, as block reward gets lower and lower. Right now you get 12,5 btc for a block, while on average a block contains 2000 transaction, at a current average 4$ fee per transaction (in the beginning of 2017 it was just 0,5$). So while a miner gets about 8000$ from fee per block, he still get 90.000$ for the block itself. The incentives for miners are by far still the block reward itself.
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