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Author Topic: Blockchain Fee  (Read 914 times)
erikalui
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August 05, 2013, 10:18:51 AM
 #1

I am new to bitcoins and today I tried sending around 0.0094 (apprx. $1) BTC to another bitcoin address and blockchain displayed a message saying that you need to have at least 0.0124 BTC in you wallet Sad

Is the fee so high for blockchain as I am clueless about the fee charged per transaction of Blockchain?

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August 05, 2013, 10:47:09 PM
 #2

did you get the Bitcoins in really small increments? If you did this is most likely why the fee is so high. The transaction size is very large and the fee is based on transaction size not bitcoins sent. There is a section over at the wiki that explains it in detail.
https://en.bitcoin.it/wiki/Transaction_fees
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August 05, 2013, 11:01:58 PM
 #3

Yeah, if those bitcoins are from faucets the fee required will be really high.  What is the address?

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August 06, 2013, 07:23:38 AM
 #4

Yeah I got most of the bitcoins from faucets and some from coinad and bitvisitor Sad Cry

The BTC address is in my signature, the blockchain address.

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naphto
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August 06, 2013, 11:20:52 AM
 #5

You can change the parameters and reduce the fee in the options. But I will take hours to proceed.
cp1
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August 06, 2013, 03:58:13 PM
 #6

You could try sending 0.0074, giving an 0.002 fee.  Just a guess here.

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August 06, 2013, 04:53:41 PM
 #7

If your balance has a lot of small dust payments the fee can stack quite high. Learn how to do a raw transaction and send a smaller fee (at least 0.0001) and see what happens. Really learn how to do a raw transactions (many people lose all their money doing raw transactions) and also prepare to wait a long time for the transaction to go through.
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August 06, 2013, 09:34:05 PM
 #8

Anyway, faucets are useless because you won't even be able to pay the fees with the 0.0000001 btc that you will receive ...

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