Transaction fees

[zaphod]

Just got this:

"This transaction is over the size limit.  You can still send it for a fee of 0.0005, which goes to the nodes that process your transaction and helps to support the network.  Do you want to pay the fee?"

Does this mean that the per block transaction limit on one of my bitcoins has been exceeded?

[1714172769]

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[1714172769]

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[1714172769]

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[1714172769]

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[BitcoinPorn]

How about you read through this thread http://forum.bitcoin.org/index.php?action=printpage;topic=16343.0 and then come back and explain it to the class.

Because I know even I can't fully explain it all.

[zaphod]

How about you read through this thread http://forum.bitcoin.org/index.php?action=printpage;topic=16343.0 and then come back and explain it to the class.

Because I know even I can't fully explain it all.

LOL, OK.  FYI, the transaction was just .1 BTC, which should be above the mandatory fee threshold, as I understand it.  That's why I was head scratching.  Going to read up a little...

[Trayber]

I've done several micro transactions 1btc or less and except for one time its always charged me .0005 fee That doesn't seem to bad but it does add up after a while.