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Author Topic: Is it possible to send or receive bitcoin without any fees?  (Read 555 times)
omega33
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November 23, 2013, 05:18:35 AM
 #1

I heard it is possible to send or receive bitcoin without fees

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jojo69
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November 23, 2013, 05:28:41 AM
 #2

yes, but it is not worth it, just pay the .0001 fee and have your transaction included in a mined block quickly

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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November 23, 2013, 05:45:33 AM
 #3

I can provide such a service for you. I'll charge a markup of 2%, but that's life.

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November 23, 2013, 05:48:04 AM
 #4

Yea but it will take longer for the payment to be received from my understanding

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November 23, 2013, 05:48:50 AM
 #5

I can provide such a service for you. I'll charge a markup of 2%, but that's life.

You're an incessant idiot! Because 2% fee is not a fee... You might become the new Insanity!


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jojo69
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November 23, 2013, 05:58:19 AM
 #6

I can provide such a service for you. I'll charge a markup of 2%, but that's life.

aaaaaaand

ignore engaged

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.
dancupid
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November 23, 2013, 06:07:40 AM
 #7

If you look at a block you can see what people are doing.

https://blockchain.info/block-index/442107/0000000000000004c5095aa187bd2e509c19ebfdfd9e48ed6edb439d32f38ce8

There are 5 transaction in this block with zero fees.

This one took 2 minutes to enter a block

https://blockchain.info/tx/2374bfed45e75fde530ce6470c9f1113984d14f1836827e27abac8389d2023dd

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November 23, 2013, 06:09:38 AM
 #8

I can provide such a service for you. I'll charge a markup of 2%, but that's life.
I think you have to go back school. That are fee

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November 23, 2013, 06:14:19 AM
 #9

how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?
romneybuck
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November 23, 2013, 06:15:06 AM
 #10

I can provide such a service for you. I'll charge a markup of 2%, but that's life.

You're an incessant idiot! Because 2% fee is not a fee... You might become the new Insanity!

Given any constant fee x, there exist amounts y such that 0.02y < x. Hence my service is not redundant.

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dancupid
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November 23, 2013, 06:22:14 AM
 #11

how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?

Each miner (ie mining pool) will have it's own policy on which transactions to include in the block.

If there's one mining pool that accepts zero fee transactions and that mining pool has 10% of the networks hashing power then you can expect the zero fee transaction to enter 1/10th of all blocks on average.
If you are lucky the zero fee transaction gets processed by this miner in the next block (1/10 chance)

I'm not sure of the actual policies of the miners - but as long as someone somewhere is processing zero fee transactions it will eventually get included in a block.

*there are other factors to take into account too.
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November 23, 2013, 06:39:10 AM
 #12

A lot of miners will ignore transactions with no fees, especially if the coin age is low. Some transactions(and I mean very large ones) will get by without fees.

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November 23, 2013, 06:40:57 AM
 #13

I heard it is possible to send or receive bitcoin without fees

Yeah it is called age coins, I never pay any fees in certain wallets cause the coins sit for so long. But in some of my other wallets I have to pay bigger fees cause I use those coins to do a lot of transactions quickly. So in the end it evens out.

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November 23, 2013, 06:45:01 AM
 #14

lot of threads lately about folks waiting up to 2 days for zero fee transactions to get in

it the 8 cents or whatever really a problem?

to answer the OPs question, the transaction fee serves as an incentive for miners (mining is not particularly profitable any more) and discourages users from spamming the network with millions of tiny transactions.

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.
combo
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November 23, 2013, 06:47:59 AM
 #15

how long it will be delayed !? and why?
and is this type of transactions that doesn't include fee's are encouraged? if no why?
Dose the miner role is to speed up the process or it's a vital part of the operation?

Each miner (ie mining pool) will have it's own policy on which transactions to include in the block.

If there's one mining pool that accepts zero fee transactions and that mining pool has 10% of the networks hashing power then you can expect the zero fee transaction to enter 1/10th of all blocks on average.
If you are lucky the zero fee transaction gets processed by this miner in the next block (1/10 chance)

I'm not sure of the actual policies of the miners - but as long as someone somewhere is processing zero fee transactions it will eventually get included in a block.

*there are other factors to take into account too.
to sum it up it solely based of miner policy.
or you can mine your own? right? and how if possible?
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November 23, 2013, 06:48:35 AM
 #16

Yes but it will take longer to be confirmed in a block.

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November 23, 2013, 06:57:50 AM
 #17

You can send bitcoins safely without fees if your transaction meets certain criteria.
You may read everything here https://en.bitcoin.it/wiki/Transaction_fees although these are the default setting and every miner may change them.
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November 23, 2013, 07:49:18 AM
 #18

Yes it is but takes longer

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