kouba01 (OP)
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January 06, 2019, 11:32:34 AM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
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bitfocus
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January 06, 2019, 11:34:16 AM |
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as far I know, that;s impossible.
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bolbau
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January 06, 2019, 12:06:29 PM |
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as far as I know it won't happen, we need miners to move assets from one address to another, or what we call transactions. and the simple logic, miners (as couriers) will not provide their services for free, because they also need money to carry out their services. so the concept is the same as human life in general, we cannot survive / run a transaction without other people, in this case a fee
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gentlemand
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January 06, 2019, 12:14:24 PM |
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There used to be hosted wallets like Xapo that paid the fee for you. Most wallets that give you control over your keys won't have a zero fee option. If you had a wallet with full fee control such as the Bitcoin Core wallet I'll guess miners would ignore the transaction out of principle if nothing else. It's not impossible, just unlikely. It seems the higher the priority of a tx the higher the chance of a zero fee tx being taken by a miner. https://bitcointalk.org/index.php?topic=982822.msg10742793#msg10742793http://bitcoinfees.com
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noorman0
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January 06, 2019, 12:19:37 PM |
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It won't happen, it's the same as you asking "is it possible for BTC without Miner?". But personally, you can get a free transaction fee (maybe the fee will be charged to someone else). https://www.luno.com/help/en/articles/11000049799-how-do-i-send-bitcoin-for-freeI don't know whether this method is still valid and is it really safe. If you are curious, you should experiment with your friend who has a Luno account. But regardless of free transaction fees, this is not really free, you will be charged non-crypto fees such as internet fees or sms fees.
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Phantomberry
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January 06, 2019, 12:55:13 PM |
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No, It's impossible that bitcoin sending transaction is free you need to pay fee so that miners will do your transaction and to secured and fast your transaction.
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cokroalif
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January 06, 2019, 01:25:22 PM |
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no, the cost for sending BTC is because the fee is usually for network fees, regardless of where you use the wallet, since I knew BTC, I have never found a wallet that can provide transactions without fees
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xuv500
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January 06, 2019, 01:34:37 PM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
Show some courtesy on them too let the exchanges get few for their work.
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Godday
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January 06, 2019, 01:39:45 PM |
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I would know if it is possible to send BTC without a transaction fee regardless of theoretically or practicall..
as far as I know, bitcoin shipping can't be free, of course there are costs for the transaction. so if shipping is free, there are certainly many who make transactions, and it's free, I don't think it's possible.
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mindrust
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January 06, 2019, 01:39:59 PM Last edit: January 06, 2019, 02:10:59 PM by mindrust |
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It used to be possible to send btc with 0 fees. ( 2012 2015 and before) https://twitter.com/random_walker/status/731872416629202945I am not sure about this but the reason why we can't do that anymore is probably miners don't accept these transactions. You can still set your fee to sub satoshi levels and it'll get a confirmation though. Surprisingly they still accept those.
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geyayy
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January 06, 2019, 01:46:49 PM |
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It will require more time to send if you prefer lower fess than the normal. I try it a year ago and I regret it because I end up using website that hasten the process of verification but will cost higher fees than the standard. In the end, I pay more because I want to save more by cutting back the miner's fee.
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ralle14
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January 06, 2019, 02:03:29 PM |
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If we're talking on chain transactions it's possible on bitcoinfees it shows there's a few that got confirmed. I haven't done a transaction without any fee before but I think child pays for parent could work. Not reccommended this is just an alternative way to send BTC. Give the private keys to the receiver and let them claim the coins. The best way to transact without fees atm is to do it off chain.
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boyptc
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January 06, 2019, 02:10:16 PM |
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Yes it's possible before around 2016 and below. I've experienced that and its was the reason why I like bitcoin but now that it has grown and though there's a fee, it's not really that much and a cent won't hurt us.
Now if you'll try to send bitcoin without a fee, its likely that your transaction will be stuck.
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Mpamaegbu
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January 06, 2019, 02:14:37 PM |
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The best way to transact without fees atm is to do it off chain.
This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective?
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gentlemand
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January 06, 2019, 02:24:26 PM Last edit: January 06, 2019, 02:43:29 PM by gentlemand |
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This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective?
On a company like Coinbase's own internal ledger between their customers. Someone here suggested sending someone else a private key to restore in their own wallet so ownership changes without moving the coin. That is of course possible but not advisable.
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kucritt
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January 06, 2019, 02:37:58 PM |
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that is immposible i think, its because the transaction fee need the miner fees, as far i know about cryptocurrency, blockchain and bitcoin transaction, the fee is never be 0, so i think it immposible
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eaLiTy
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January 06, 2019, 02:54:07 PM |
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In the early stages of bitcoins back in 2009 it was possible to send bitcoins without any transaction charges but now it is not possible to send bitcoins without any transactions charges but the transaction charges is low than any other fiat transactions all over the world, don't expect anything for free. The transactions charges keeps on increasing after 2-3 years as there is halving which makes it difficult for the miners to mine bitcoins and they need to generate more electric sources for mining bitcoins.
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kryptqnick
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January 06, 2019, 02:55:58 PM |
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Just like some other members mentioned, it is not impossible per se, but miners will probably never get to this transaction, since the more you pay, the faster the transaction is confirmed. If you set zero transaction fee, I think there's still a chance that your transaction will be confirmed when the network is not very busy. Moreover, there are ways to sort of notify miners that your transaction is stuck. I am not sure about their effectiveness, but it's worth trying. If you set a fee that is significantly smaller than recommended, it can take months before the transaction gets confirmed. A friend of mine had this problem, but a couple of months later bitcoins were sent.
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InvoKing
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January 06, 2019, 03:03:02 PM |
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This, really, will be an interesting thing to do. But how does one get a transaction done off chain. Do you mind sharing this perspective?
On a company like Coinbase's own internal ledger between their customers. Someone here suggested sending someone else a private key to restore in their own wallet so ownership changes without moving the coin. That is of course possible but not advisable. Till there is another party sharing the private key then it is risky and as you said not advisable... It used to be possible to send btc with 0 fees. (2012 2015 and before)
I can confirm that. I remember i tested it twice and it went successful, in 2015 +/- 2016. The first time the delay wasn't that much. The second time I had to wait 24 hours tho. After 2016, I remember i tested it without success. The miners tend to neglect those transactions with 0 profit for them. Imagine everyone sending bitcoin without fees, this will kill POW concept especially when BTC number per block and price drop.
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fenican
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January 06, 2019, 03:08:42 PM |
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Yes it's certainly possible - just set up a large mining farm, include all your "no fee" transactions in the block you are trying to solve, and when you solve it they will all be confirmed. But don't count on any "for profit" miners confirming your transactions - chances are overwhelming it will sit out there unprocessed until it expires.
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