Bitcoin Forum
May 07, 2024, 02:31:55 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Transaction fees  (Read 1235 times)
zaphod (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 25, 2011, 12:29:59 PM
 #1

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?
1715049115
Hero Member
*
Offline Offline

Posts: 1715049115

View Profile Personal Message (Offline)

Ignore
1715049115
Reply with quote  #2

1715049115
Report to moderator
1715049115
Hero Member
*
Offline Offline

Posts: 1715049115

View Profile Personal Message (Offline)

Ignore
1715049115
Reply with quote  #2

1715049115
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715049115
Hero Member
*
Offline Offline

Posts: 1715049115

View Profile Personal Message (Offline)

Ignore
1715049115
Reply with quote  #2

1715049115
Report to moderator
1715049115
Hero Member
*
Offline Offline

Posts: 1715049115

View Profile Personal Message (Offline)

Ignore
1715049115
Reply with quote  #2

1715049115
Report to moderator
1715049115
Hero Member
*
Offline Offline

Posts: 1715049115

View Profile Personal Message (Offline)

Ignore
1715049115
Reply with quote  #2

1715049115
Report to moderator
BitcoinPorn
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


Posts: 69


View Profile WWW
June 25, 2011, 12:43:59 PM
 #2

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 (OP)
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 25, 2011, 12:51:35 PM
 #3

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
Sr. Member
****
Offline Offline

Activity: 336
Merit: 252


View Profile
June 25, 2011, 02:24:35 PM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!