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fubly
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November 20, 2013, 01:47:53 AM |
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who reveive the transaction fee? People who mine the bitcoins or who? Sorry for stupid question.  |
each time you send a transaction don't forget to use a new address, each time you receive one also!
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Remember remember the 5th of November
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Reverse engineer from time to time
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November 20, 2013, 01:51:11 AM |
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who reveive the transaction fee? People who mine the bitcoins or who? Sorry for stupid question. The fees go to the miners. |
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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jojo69
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diamond-handed zealot
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November 20, 2013, 01:51:28 AM |
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who reveive the transaction fee? People who mine the bitcoins or who? Sorry for stupid question. yes, the miners, remember that the block reward decreases over time, eventually the TX fees will be the only pay the miners get |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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DeathAndTaxes
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Gerald Davis
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November 20, 2013, 01:54:20 AM |
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Agreed. I would strongly recommend paying the min fee on ALL transactions. Most wallets have the option to set a default fee. Set it to 0.1 mBTC and be done with it. Piuk indicated he will be improving blockchain wallet as the reality is tx volume is higher now and assumming a tx can get away with no fee just because it is high priority is no longer a good assumption. It WAS a good assumption in the past but it needs to change.
Clients do need to get smarter. I updated my post prior to seeing your response so we have some agreement on that. Remember Bitcoin is in beta and it is an experiment.
As a practical peice of advice to anyone reading.
Set your client to pay the min fee (0.1 mBTC per KB) for all transactions. Trying to send some free tx is bound to be a penny wise and pound foolish scenario.
...this leads to another problem though. Cost. I'll quote: https://bitcointalk.org/index.php?topic=339802.0: "according to CoinMill - the cost of 1 BTC is currently 641.84 USD and a transaction fee of 0.0001 BTC is 0.06 USD (6 cents). 0.0005 (the old fee) is 30 cents. As Bitcoin appreciates (if it does), the cost of transactions relative to the value of a Bitcoin grows substantially. This makes it pretty uneconomical for any merchant to engage in using Bitcoin as a currency as A) they'll be waiting ages for their transaction to confirm if the user incorrectly attaches an 'unacceptable' fee and B) the cost of moving BTC is likely to rapidly meet or exceed that of preexisting payment methods such as ACH, Debit and eventually Credit cards... and in the case of the latter two it doesn't generally take 24-48 hours to even acknowledge your transaction exists." Miners want to have their cake and eat it. They want the reward from mining a block as well as only cherry picking the transactions that add additional gravy. This doesn't work for a payment network. If you want to move value around, there needs to be some reasonable expectation that the process will complete in a timely manner without a risk of significant delays. You can't "add a bit on" if you mess up and anyone downstream who includes your unconfirmed output is going to screw their transaction confirmation times over... The min fee has been reduced 4 times since the inception of Bitcoin from 10 mBTC to 1 mBTC to 0.5 mBTC to 0.1mBTC. Miners can always require a higher fee but to date they really haven't. If the exchange rate keeps rising it will probably be lowered again. In fiat terms is has ranged from ~1 cent to ~10 cents and usually when it gets to the high end the min fee gets cut. |
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jojo69
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November 20, 2013, 01:56:11 AM |
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its not like miners are really that profitable these days...a little cake would be nice
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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btcfre@k (OP)
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November 20, 2013, 10:00:56 AM |
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guys i received my bitcoins.i want to says thank you very much for the support .this community is totally cool.thanks
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bitcoinanalyzer.com and havingbitcoin.com for sale
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jojo69
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November 20, 2013, 10:01:57 AM |
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glad to hear it  |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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niothor
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November 20, 2013, 10:05:30 AM |
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this is the kind of thing that will kill bitcoin You mean selfish people who refuse to pay a four-penny transaction fee? Nah, it'll just (hopefully) weed out selfish people who refuse to pay a four-penny transaction fee. +1. He refused to pay 1 cent for transferring 1000 worth of dollars. |
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btcfre@k (OP)
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November 20, 2013, 10:36:23 AM |
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this is the kind of thing that will kill bitcoin You mean selfish people who refuse to pay a four-penny transaction fee? Nah, it'll just (hopefully) weed out selfish people who refuse to pay a four-penny transaction fee. +1. He refused to pay 1 cent for transferring 1000 worth of dollars. READ WHAT I WROTE DONT JUDGE TOO FAST |
bitcoinanalyzer.com and havingbitcoin.com for sale
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niothor
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November 20, 2013, 11:21:45 AM |
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this is the kind of thing that will kill bitcoin You mean selfish people who refuse to pay a four-penny transaction fee? Nah, it'll just (hopefully) weed out selfish people who refuse to pay a four-penny transaction fee. +1. He refused to pay 1 cent for transferring 1000 worth of dollars. READ WHAT I WROTE DONT JUDGE TOO FAST Read it all again. So , you mean people not sure what they are doing and not reading before doing something will kill bitcoin? I'm sure a cabbage seller entering a bank and demanding to wire them to Japan will destroy the banking system. |
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BurtW
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November 20, 2013, 01:30:26 PM
Last edit: November 20, 2013, 03:45:07 PM by BurtW |
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btcfre@k:
I think what niothor is trying to say it that you should probably change the title of your thread. "thing that will kill bitcoin" is a bit inflamitory at this point, don't you think?
Perhaps you could come up with a new title now that things have worked out for you?
Burt
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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niothor
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November 20, 2013, 01:35:53 PM |
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btcfre@k:
I think what niothor is trying to say it that you should probably change the title of your thread. "thing that will kill bitcoin" is a bit inflamitory at this point, don't you think.
Perhaps you could come up with a new title now that things have worked out for you?
Burt
Yeah I could have said it in another way , but seriously , bitcoin is getting killed at a rate of 10 threads /day lately. |
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BurtW
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November 20, 2013, 01:55:38 PM |
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I his defense I would have not come to his thread to help if he had not caught my eye with an interesting title. There are only so many hours in a day I can spend here and I cannot read every thread.
But, the title should be changed now.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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btcfre@k (OP)
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November 20, 2013, 03:38:26 PM |
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I his defense I would have not come to his thread to help if he had not caught my eye with an interesting title. There are only so many hours in a day I can spend here and I cannot read every thread.
But, the title should be changed now.
true |
bitcoinanalyzer.com and havingbitcoin.com for sale
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btcfre@k (OP)
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November 20, 2013, 03:39:43 PM |
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done
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bitcoinanalyzer.com and havingbitcoin.com for sale
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btcfre@k (OP)
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November 20, 2013, 03:44:45 PM |
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again and again thanks for everybodys helps .
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bitcoinanalyzer.com and havingbitcoin.com for sale
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jojo69
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November 20, 2013, 10:25:19 PM |
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wait
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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DeathAndTaxes
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Gerald Davis
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November 20, 2013, 10:31:09 PM
Last edit: November 20, 2013, 10:55:59 PM by DeathAndTaxes |
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First given the title of this thread you might want to create a new thread. Technical support would be the appropriate forum. Are you sure this is the tx you created? Is 1CLsCcmoiYJiYm7feS3pkpE6Ea94EEA4M5 your address? If so the simplest solution is just to wait. The reason I asked is there is a downstream tx so wanted to make sure we are looking at the tx you created not the tx which funded the tx you created. It that is your tx, it does appear it sent it without a fee. Due to dust prevention the client will give the rounding error left over (below 5430 satoshis) when creating a tx to miners as a "fee" rather than create a dust output as change (which can't be spent) but 6438 is above the dust threshold so that is also confusing, I would expect instead to see 0 BTC as fee and the 6438 going to a change address. If all that was to technical yes this tx has no effective fee, any fee less than 0.1 mBTC per KB (so 0.5 mBTC in this case) is viewed by default nodes as no fee. It is strange the client would "ignore" the acceptance of the fee and even stranger it would send it at all because it appears to be a low priority tx and thus the "proper" fee of 0.5 mBTC would be mandatory to be relayed. I got no explanation other than it is weird. What client are you using? If it is the QT client can you go to the debug window and type look for the line "paytxfee" what does it say? |
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btcfre@k (OP)
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November 20, 2013, 10:41:43 PM |
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guys do you want me to lock thiss topic?
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