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Mandatory transaction fee?
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Topic: Mandatory transaction fee? (Read 1157 times)
Strom
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Mandatory transaction fee?
August 26, 2011, 02:18:11 PM
#1
I was running an old bitcoin client from february or something, but decided to update today (0.3.24-beta). Then I sent some bitcoins, and I have transaction fee set at 0.00.
Then I get this:
Code:
Debit: -25.99
Transaction fee: -0.00133919
Net amount: -25.99133919
Are transaction fees mandatory now? How is the amount calculated? It would also be nice if the send coins dialog warned me of this fee BEFORE I press send.
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the founder
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Re: Mandatory transaction fee?
August 26, 2011, 02:41:05 PM
#2
Honestly man that's a very very very tiny transaction fee... regardless it shouldn't have behaved that way if it's set for zero then it needs to be zero.
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Meatpile
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Re: Mandatory transaction fee?
August 26, 2011, 05:35:27 PM
#3
Wahhhh I payed a tenth of a penny!!!
But I guess if it was a surprise $10 it would be a different matter... That is weird that it got added without your consent
cepler
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Re: Mandatory transaction fee?
August 26, 2011, 06:18:27 PM
#4
Quote from: Meatpile on August 26, 2011, 05:35:27 PM
Wahhhh I payed a tenth of a penny!!!
Actually 10x that, a whole penny at current exchange rate of $9/BTC.
Prattler
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Re: Mandatory transaction fee?
August 26, 2011, 06:24:25 PM
#5
Quote from: Strom on August 26, 2011, 02:18:11 PM
I was running an old bitcoin client from february or something, but decided to update today (0.3.24-beta). Then I sent some bitcoins, and I have transaction fee set at 0.00.
Then I get this:
Code:
Debit: -25.99
Transaction fee: -0.00133919
Net amount: -25.99133919
Are transaction fees mandatory now? How is the amount calculated? It would also be nice if the send coins dialog warned me of this fee BEFORE I press send.
That's a bug in the 0.3.24 client and I believe it has been already fixed.
ArtForz
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Re: Mandatory transaction fee?
August 26, 2011, 06:24:46 PM
#6
Did you have >= 26.00 balance in your wallet at that time?
If yes... that's very odd (and worthy of further investigation).
If no... known bug (client throws away sub-cent change as fee if it can't add another input to make the change >= 0.01), will be fixed in 0.3.25.
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Strom
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Re: Mandatory transaction fee?
August 26, 2011, 09:33:06 PM
#7
Quote from: ArtForz on August 26, 2011, 06:24:46 PM
Did you have >= 26.00 balance in your wallet at that time?
No, 25.99133919 was the total balance.
silverchair
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Re: Mandatory transaction fee?
August 29, 2011, 05:57:04 AM
#8
I believe there's always a fee in every transaction.
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Re: Mandatory transaction fee?
August 29, 2011, 05:59:17 AM
#9
Quote from: silverchair on August 29, 2011, 05:57:04 AM
I believe there's always a fee in every transaction.
No. You can set it up to send a transaction, but will have to wait for the person who finds the blocks to accept the transaction as-is without the fee.
From what I've gathered...unless, I've lost the concept of transaction fees.
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Kansattica
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Re: Mandatory transaction fee?
September 13, 2011, 03:42:19 AM
#10
The transaction fees are mostly to prevent tiny transactions from flooding the system. Larger transations and/or rounder numbers (1 BTC usually) don't incur mandatory transaction fees.
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