Bitcoin Forum
May 10, 2024, 01:37:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How to set the transaction fee using bitcoind?  (Read 3331 times)
jondecker76 (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
May 10, 2011, 02:03:40 AM
 #1

I've searched everywhere, how do I set my transaction fee to 0.01?

bitcoind --rpcconnect=127.0.0.1 --help
does not list an option to set it

I have also tried:
bitcoind --rpcconnect=127.0.0.1 -paytxfee=0.01 sendtoaddress *************** 0.05

but I get the following error:
Code:
error: {"code":-4,"message":"Error: This transaction requires a transaction fee of at least 0.01 because of its amount, complexity, or use of recently received funds  "}


what am I doing wrong?  I'm trying to send the funds I received about 2 weeks ago from bitcoin faucet to my new install that I will be using from here on out.

RollerBot Advanced Trading Platform
https://bitcointalk.org/index.php?topic=447727.0
BTC Donations for development: 1H36oTJsi3adFh68wwzz95tPP2xoAoTmhC
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715348233
Hero Member
*
Offline Offline

Posts: 1715348233

View Profile Personal Message (Offline)

Ignore
1715348233
Reply with quote  #2

1715348233
Report to moderator
jondecker76 (OP)
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
May 10, 2011, 02:09:08 AM
 #2

ok, got it to send by paying a 0.01 txfee and sending 0.04 BTC (totaling the 0.05 BTC that was in my account)

So, can anyone confirm that this is the correct way to send BTC, by taking into account the transaction fee and manually adding it to the amount to be sent?

RollerBot Advanced Trading Platform
https://bitcointalk.org/index.php?topic=447727.0
BTC Donations for development: 1H36oTJsi3adFh68wwzz95tPP2xoAoTmhC
db
Sr. Member
****
Offline Offline

Activity: 279
Merit: 261



View Profile
May 10, 2011, 05:35:38 AM
 #3

Add

Code:
paytxfee=0.01

to bitcoin.conf and restart bitcoind.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!