Transactions too small for the network, what happens to them?

[Nefario]

I understand that the network has set a limit on transaction size, the smallest being 0.01(right?), I know that smaller than this has been sent, but not recieved, where has it gone?

[1715002996]

1715002996

[slush]

I understand that the network has set a limit on transaction size, the smallest being 0.01(right?), I know that smaller than this has been sent, but not recieved, where has it gone?

Afaik the fee under 0.01 is still received by miner, but such small fee does not improve transaction priority.

[Nefario]

I understand that the network has set a limit on transaction size, the smallest being 0.01(right?), I know that smaller than this has been sent, but not recieved, where has it gone?

Afaik the fee under 0.01 is still received by miner, but such small fee does not improve transaction priority.

So this means my transaction has been eaten by a miner on it's way to an address?

[Pieter Wuille]

Transactions are never eaten. Either they are accepted, or they are ignored by miners.

[Nefario]

Transactions are never eaten. Either they are accepted, or they are ignored by miners.

Sorry wrong use of words.

What I meant was, that if I were to send, for example 0.0001btc to an address, that would be recorded as leaving my wallet, and would be given to a miner as a transaction fee, such that nothing arrives at the address I sent to?

[slush]

Oh sorry, I read it badly, you're talking about transactions, not about transaction fees.

[Nefario]

Oh sorry, I read it badly, you're talking about transactions, not about transaction fees.

Well I'm just curious what happens if I send such a small amount if the network only handles 0.01 as the smallest? Will the transaction attempt be rejected?

[Pieter Wuille]

The protocol deals with transactions down to 0.00000001 BTC just fine. Most miners will however not accept such a transaction without fee.

[Nefario]

OK that's pretty much what I was talking about then. So my stupidly small transaction at the moment won't be accepted by most miners, which means it wont get recorded in the block chain which means it wont happen, right?

[slush]

OK that's pretty much what I was talking about then. So my stupidly small transaction at the moment won't be accepted by most miners, which means it wont get recorded in the block chain which means it wont happen, right?

Exactly.

[Gavin Andresen]

OK that's pretty much what I was talking about then. So my stupidly small transaction at the moment won't be accepted by most miners, which means it wont get recorded in the block chain which means it wont happen, right?

Yes, and right now it will sit in your wallet at 0 confirmations and get rebroadcast once in a blue moon (ok, not that long, but I'm too lazy right now to dig out the rules for when transactions are rebroadcast) until it DOES make it into a block.

And you'll have to hack your copy of bitcoin to be able to send a less-than-.01 transaction without a fee; the RPC send* methods automatically add the fee, and the GUI will tell you a fee is necessary (and won't let you send unless you agree to it).

[Nefario]

Nice to know.
Any way to stop it trying to broadcast, to "cancel" a transaction that's not been processed/confirmed yet?

[jgarzik]

Any way to stop it trying to broadcast, to "cancel" a transaction that's not been processed/confirmed yet?

Not at present.  But I have an open proposal for people to expire TX's from the TX cache, which would permit this.

[Luke-Jr]

If you restart bitcoind with -addnode=173.242.112.53 it will get into a block eventually.

[Stephen Gornick]

If you restart bitcoind with -addnode=173.242.112.53 it will get into a block eventually.

That node will include the ultra-micro transaction even though it includes no fee?

[jgarzik]

If you restart bitcoind with -addnode=173.242.112.53 it will get into a block eventually.

That node will include the ultra-micro transaction even though it includes no fee?

Yes.  Luke-jr's node is special.

[Luke-Jr]

If you restart bitcoind with -addnode=173.242.112.53 it will get into a block eventually.

That node will include the ultra-micro transaction even though it includes no fee?

No, it's just a relay. Miners who want to accept "boycotted" transactions connect to it. People who want to send them connect to it. Theymos, at least, advertises his miner as completely fee-free.

[theymos]

No, it's just a relay. Miners who want to accept "boycotted" transactions connect to it. People who want to send them connect to it. Theymos, at least, advertises his miner as completely fee-free.

Mine's also just a relay, which is why I put it on the same wiki page as yours.

[Luke-Jr]

No, it's just a relay. Miners who want to accept "boycotted" transactions connect to it. People who want to send them connect to it. Theymos, at least, advertises his miner as completely fee-free.

Mine's also just a relay, which is why I put it on the same wiki page as yours.

If it's just a relay, it shouldn't be listed under "Participating miners"...

[theymos]

If it's just a relay, it shouldn't be listed under "Participating miners"...

I didn't list it there -- you did:
https://en.bitcoin.it/w/index.php?title=Free_transaction_relay_policy&action=historysubmit&diff=5304&oldid=5290
You also listed your relay.