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Author Topic: Any solution to broadcast with reduced fees? Maybe any other suggested network?  (Read 556 times)
Bitfort
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April 22, 2021, 12:49:22 PM
Last edit: April 22, 2021, 01:22:34 PM by Bitfort
 #21

...
Internal transfers are free but it applies only when you send the coins using email or phone number but if you are about to use QR code or address then you need to pay the network fee even if you are sending back the funds to your own coinbase account.


Not completely correct but very good and valid point.

Quote
If you’re sending to a crypto address that belongs to another Coinbase user who has opted into Instant sends, you can use off-chain sends. Off-chain sends are instant and incur no transaction fees.

Note: If the crypto address belongs to a Coinbase customer, and the Receiver has NOT opted into Instant sends in their privacy settings, these sends will be made on-chain and incur network fees. If you’re sending to a crypto address not associated with a Coinbase customer at all, these sends will be made on-chain and sent on the respective currency’s network—these sends will also incur network fees.
source: https://help.coinbase.com/en/coinbase/trading-and-funding/cryptocurrency-trading-pairs/how-to-send-and-receive-cryptocurrency

In other words receiver must allow Instant sends otherwise sender is charged a standard on-chain fee.

But I won't suggest this idea because coinbase can block funds for no reason and will ask you to complete KYC and etc....
I'm pretty sure many users won't be willing to go this way.
But if at least couple of them agree it could lower the number of total outputs  (so the rest could be paid the usual way, saving some small fee )

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April 22, 2021, 01:11:43 PM
 #22

- It's still a gamble... You're basically reducing your pool of possible miners to one... ViaBTC.com

Via generally finds a block every 3-4 hours on average, so if he succeeds with acceleration it won't have to wait any longer than that. They take 100 transactions every hour, and they are confirmed in the next block they find.

- It's incredibly difficult to get a slot.

Many shares your opinion, but yesterday and today I accelerated several transactions without any problems - I succeeded from the first attempt. I can only share those whose transactions are publicly shared on the forum - example 1 & 2 & 3 - last is accelerated and waits for the next Via block. 2&3 linked to this post.



Royse777, the option with ViaBTC is a good option for me - you just have to watch the fee, but I think even 25 to 30 sats would be enough to meet the criteria they require. If you make a transaction, you can try ViaBTC on your own, or send me a link to PM - I will be online for at least another 2-3 hours.

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Findingnemo
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April 22, 2021, 04:11:12 PM
 #23

...
Internal transfers are free but it applies only when you send the coins using email or phone number but if you are about to use QR code or address then you need to pay the network fee even if you are sending back the funds to your own coinbase account.


Not completely correct but very good and valid point.

Quote
If you’re sending to a crypto address that belongs to another Coinbase user who has opted into Instant sends, you can use off-chain sends. Off-chain sends are instant and incur no transaction fees.

Note: If the crypto address belongs to a Coinbase customer, and the Receiver has NOT opted into Instant sends in their privacy settings, these sends will be made on-chain and incur network fees. If you’re sending to a crypto address not associated with a Coinbase customer at all, these sends will be made on-chain and sent on the respective currency’s network—these sends will also incur network fees.
source: https://help.coinbase.com/en/coinbase/trading-and-funding/cryptocurrency-trading-pairs/how-to-send-and-receive-cryptocurrency

In other words receiver must allow Instant sends otherwise sender is charged a standard on-chain fee.
I checked for that option in the coinbase app but can't able to find such instant options but anyway its goof thing to know. Another hurdle can be people who already had coinbase and deleted their account for violation can face difficulties too like me. Cheesy

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April 22, 2021, 04:31:00 PM
 #24

-snip-
ViaBTC could work but that'll merely be a temporary solution.

Given how small the outputs are (if that is the actual payment), then most of the users spending them would be spending more on fees than the total value of the UTXO. Probably would be worth it to consider the participants as well. Who knows? Perhaps the fee rates would persist over a longer period of time?

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April 22, 2021, 06:20:25 PM
 #25

1. Need to pay these members ASAP. As a manager I am responsible to ensure their payment, I can not just tell them to wait.
The problem with these low amounts is that they're completely useless to the receiver. Some wallets by default even use small inputs that cost more in fees to send than they're worth. So you're not really doing them a favor sending it now. It's basically Bitcoin dust.

Quote
2. It seems I will have to ask them another payment form if I want to pay them which means paying in ALT coin which hurts my feeling to be honest.
LN would be the best solution in terms of fees, but you can't just do a bulk payment. Unfortunately, many altcoins are better for small payments than Bitcoin.

An out of the box suggestion: make it a lottery in which a few people get paid a higher amount (if they agree of course)?

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April 22, 2021, 07:22:20 PM
Merited by pooya87 (1)
 #26

Forcing people to sign up for an exchange they do not have an account with and risk their privacy and their security of their coins when they did not agree to that when they joined the campaign is a non starter, in my opinion. I also feel the same way about forcing people to download and install a wallet for an altcoin they have no interest in, figuring out how to exchange that altcoin in to bitcoin, and again potentially signing up to an exchange and risk their privacy and security. I understand the situation you are in, and I understand that most campaigns have a clause saying the manager can change the rules whenever they like, but changing payment methods in such a significant way like this is not fair on the participants.

The problem with these low amounts is that they're completely useless to the receiver.
As I said on the previous page, change your payments to once a month. Assuming a segwit input is around 100 vbytes, and given the average fee at the moment of around 200 sats/vbyte, any payment of 20,000 sats or less (which are the majority of payments listed in the first post) will cost more to include a transaction than it is worth. There is literally no point sending people this amount of coin. They can't spend it at the moment anyway, so it makes no difference if they receive it now or in a few weeks. They should be thankful to receive one output of 80k sats which they can still spend 60k sats from rather than four outputs of 20k sats which they cannot spend at all.
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April 22, 2021, 08:10:26 PM
 #27

I checked for that option in the coinbase app but can't able to find such instant options but anyway its goof thing to know. Another hurdle can be people who already had coinbase and deleted their account for violation can face difficulties too like me. Cheesy
F**k Coinbase LOL
I have deleted mine a long ago 😂

In my opinion the best solution is to use altcoin for such small payments. With the high fees of bitcoin even those receivers will not be able to spend their coins so sending them those sats are basically a waste. LN could be a solution but I wonder if many people know how to use it. In fact, I too found it very troublesome when I wanted to give it a try long ago before giving up.

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April 22, 2021, 08:58:24 PM
Last edit: April 22, 2021, 10:02:03 PM by Bitfort
 #28

....
I checked for that option in the coinbase app but can't able to find such instant options but anyway its goof thing to know. Another hurdle can be people who already had coinbase and deleted their account for violation can face difficulties too like me. Cheesy

I see the option is available only via web interface (Settings/Privacy).

As of other comments:
I don't think he need to force anybody. Just ask who is willing to and pay the rest the usual way (or as proposed earlier by o_e_l_e_o, consolidate the amounts to next scheduled payout).

I also can't understand why people still don't mind to keep receiving these mBTC fractions.
IMO they already use some custodial wallets or (the worse case) are not aware that spending many small inputs has a huge impact on transaction size (fee).Going to be surprised once try to spend those earnings.
Eventually just waste them like this guy: HELP ! Fee much higher than transaction !

Another hurdle are possible multi-accounts. If someone is using more bitcointalk accounts to participate then it's not the best option for him. (this actually coud be beneficial to OP)

I don't mind providing my personal info to legit companies. Did the KYC, have nothing to hide (source of my funds is clear/legit) so in my case this would be actually the preferred way to receive such small payments.
Seeing the negative reactions I should note coinbase is unpopular because they were blocking accounts with earnings from gambling.

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April 23, 2021, 04:07:29 AM
 #29

I don't mind providing my personal info to legit companies. Did the KYC, have nothing to hide (source of my funds is clear/legit) so in my case this would be actually the preferred way to receive such small payments.
Seeing the negative reactions I should note coinbase is unpopular because they were blocking accounts with earnings from gambling.
You already answered your question. Source of your funds are "legit" in "your" eyes not in the eyes of some centralized custodial wallet. They can some day decide that the funds you received (for example from a gambling signature campaign) were not "legit" and shut down your account, effectively never letting you get your bitcoins out.
Gambling is just an example, there are lots of things that could go wrong. For example you may deal with a business that is outside of US and some day US decides that the said jurisdiction is evil and orders Coinbase etc to cut ties and shut down accounts of anybody from there or dealing with people there.

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April 23, 2021, 06:28:36 AM
 #30

I don't mind providing my personal info to legit companies. Did the KYC, have nothing to hide (source of my funds is clear/legit) so in my case this would be actually the preferred way to receive such small payments.
Seeing the negative reactions I should note coinbase is unpopular because they were blocking accounts with earnings from gambling.
You already answered your question. Source of your funds are "legit" in "your" eyes not in the eyes of some centralized custodial wallet. They can some day decide that the funds you received (for example from a gambling signature campaign) were not "legit" and shut down your account, effectively never letting you get your bitcoins out.
Gambling is just an example, there are lots of things that could go wrong. For example you may deal with a business that is outside of US and some day US decides that the said jurisdiction is evil and orders Coinbase etc to cut ties and shut down accounts of anybody from there or dealing with people there.
Exactly this happened to me, Just because I received funds from gambling wallet to coinbase they terminated my account but luckily they let me ti withdraw the funds left in there but it may change in future too and especially with coinbase like exchange.

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April 23, 2021, 07:13:32 AM
 #31

Many shares your opinion, but yesterday and today I accelerated several transactions without any problems - I succeeded from the first attempt.
What's your secret for timing the captcha and submission? Huh

Every time I try, it either pops up the stupid "slide" captcha... and by the time I get that sent, it then just gives back the "10000ms timeout exceeded" error, if I resubmit == "submissions beyond limit".

I used to be able to get it fairly reliably maybe 1 in every 3 tries... but I tried for like 6 times yesterday and just nothing Undecided

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April 23, 2021, 09:38:22 AM
 #32

What's your secret for timing the captcha and submission? Huh

I wouldn't say there are any secrets or tricks, I've always been lucky when it comes to that accelerator - and that luck doesn't seem to have changed. Maybe the trick is that I don't always have to solve the captcha - sometimes that step doesn't show to me at all - but the acceleration is still successful - I don't know if it has anything to do with the IP address - something like when you need to solve reCaptcha x times before you succeed log in somewhere - and sometimes you don't have to solve it at all.

For me personally, slide to validate captcha is one of the easiest - and as someone who has clicked a lot on faucets in the past, I can say that I have a lot of experience with all types of captchas Smiley

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AB de Royse777 (OP)
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April 23, 2021, 04:30:51 PM
 #33

I actually managed to pay them using LTC earlier today.

However tomorrow I will have a signature campaign to pay in bitcoin so the headache still exists :-P

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April 23, 2021, 04:38:51 PM
 #34

However tomorrow I will have a signature campaign to pay in bitcoin so the headache still exists :-P
You could plan (future) campaigns to pay on Sunday morning, that usually gives the lowest fees.

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April 24, 2021, 10:23:04 AM
 #35

Royse777, to avoid dust transactions (for users), and save on fees you can suggest to your participants that payments be made every 2 weeks. I know it may not be the best solution, but if the payout has to be in BTC, and it's a small amount, I don't see that there is a better alternative.

@o_e_l_e_o , has already suggested that the payment be once a month, but it is certainly something that the participants would not be happy to agree with.

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.BLACKJACK ♠ FUN.
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April 24, 2021, 09:02:26 PM
 #36

You could plan (future) campaigns to pay on Sunday morning, that usually gives the lowest fees.
Yeah, the goal now is to get Sunday morning deep.

Royse777, to avoid dust transactions (for users), and save on fees you can suggest to your participants that payments be made every 2 weeks. I know it may not be the best solution, but if the payout has to be in BTC, and it's a small amount, I don't see that there is a better alternative.

@o_e_l_e_o , has already suggested that the payment be once a month, but it is certainly something that the participants would not be happy to agree with.
Unfortunately this could be a one-week campaign unless the team change their mind to continue in BTC partial payment.

you can try ViaBTC on your own, or send me a link to PM - I will be online for at least another 2-3 hours.
As per my reading you seems a lucky one :-D
Here : d746704f61424521c2935f899d1700a611a42e8535a450f92f987fd6f7c84527


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April 24, 2021, 10:01:19 PM
 #37

Here : d746704f61424521c2935f899d1700a611a42e8535a450f92f987fd6f7c84527
Your transaction will likely be confirmed in the next block ViaBTC mine.


.
.BLACKJACK ♠ FUN.
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April 24, 2021, 10:02:46 PM
Last edit: November 14, 2023, 11:57:45 PM by HCP
 #38

As per my reading you seems a lucky one :-D
Here : d746704f61424521c2935f899d1700a611a42e8535a450f92f987fd6f7c84527
I was awake and bored... and keen to try my luck. Hopefully they find a block soon Wink


EDIT: lol... seems quite a few people have your back Royse Wink

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..CASINO....SPORTS....RACING..
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April 24, 2021, 10:47:48 PM
Last edit: May 16, 2023, 04:26:32 PM by Royse777
 #39

Here : d746704f61424521c2935f899d1700a611a42e8535a450f92f987fd6f7c84527
Your transaction will likely be confirmed in the next block ViaBTC mine.



EDIT: lol... seems quite a few people have your back Royse Wink

It was a surprise for me :-D
I checked my Electrum first and was like looking to a mistake, then checked jochen-hoenicke to see the current size from the tip before realizing that where the magic came from.

Yeah, it seems I am loved by the community. Thanks guys.

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April 27, 2021, 06:27:32 AM
 #40

EDIT: lol... seems quite a few people have your back Royse Wink

It was a surprise for me :-D

It's not at all a surprise for me.
The surprise was that it took you so long to actually go this route and post a tx ID.
Bounty payments are "special". People will try to make then go through fast. Just pay attention to the minimum fee.

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