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Author Topic: 0 fees get into a block?  (Read 1094 times)
traderbit (OP)
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October 09, 2014, 04:38:56 AM
 #1

What happens if a transaction is set to have zero fees?

ezreal
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October 09, 2014, 05:12:21 AM
 #2

theres always a mining fee. not sure how yours is zero.. unless its a enormous amount.
Peter882
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October 09, 2014, 05:25:22 AM
 #3

What happens if a transaction is set to have zero fees?


https://en.bitcoin.it/wiki/Transaction_fees
Quote
A transaction may be safely sent without fees if these conditions are met:
It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)

priority = sum(input_value_in_base_units * input_age)/size_in_bytes


If your transaction doesn't satisdy the conditions, chances are it will never get confirmed.

BiTJack
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October 09, 2014, 06:31:11 AM
 #4

Read this one : FAQ: All About Unconfirmed 0 Confirmation Transaction Fee.
szmarco
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October 09, 2014, 08:04:27 AM
 #5

What happens if a transaction is set to have zero fees?
The tx may proceed after a very long time.
I used to sent some times. The longest time is 10 days.
funnycoin
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October 09, 2014, 09:09:14 AM
 #6

What happens if a transaction is set to have zero fees?
The tx may proceed after a very long time.
I used to sent some times. The longest time is 10 days.


Thanks for the information. Look like I can still send btc with zero fee if the tx is not urgent.

It's not a bad idea to do so especially if the amount I want to send is smaller than the standard fee.
medUSA
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October 09, 2014, 09:22:38 AM
Last edit: October 09, 2014, 09:52:05 AM by medUSA
 #7

theres always a mining fee. not sure how yours is zero.. unless its a enormous amount.

No, you can send small amounts without a fee and get comfirmed quickly. It all about maturity. These are examples I found in a recent block:

0.02btc No fee (2014-10-09 08:22:02 +16 minutes)
https://blockchain.info/tx/f7861b27f270dec9e7c7425849735d5fb75526e73800c713d61838aaabda35e5

0.01btc No fee (2014-10-09 08:22:02 +15 minutes)
https://blockchain.info/tx/420f40f02bda6995728967d032dc74f6ee538bad985135dca3ea2093af77fcf8

jdany
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October 09, 2014, 09:27:44 AM
 #8

The blockchain (miners) will deal with unpaid transactions like a retail store would deal with someone with a sob story.
Eventually, someone in the store will take pity on them and let them participate - but, it won't be quickly.  And it won't be efficiently.  And it isn't good fort he store.  And it isn't good for consumers.
chanz
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October 09, 2014, 09:45:41 AM
 #9

What happens if a transaction is set to have zero fees?

What happens is it gets delayed. Miners don't pick the 0 fee transaction any time soon. So your only option is to wait
it will get an confirmed eventually.

My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
Velkro
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October 09, 2014, 01:41:59 PM
 #10

Thesee ruler are like sign "welcome spam"
Quote
A transaction may be safely sent without fees if these conditions are met:
It is smaller than 1,000 bytes.
All outputs are 0.01 BTC or larger.
Its priority is large enough (see the Technical Info section below)

priority = sum(input_value_in_base_units * input_age)/size_in_bytes
medUSA
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October 10, 2014, 07:49:51 AM
 #11

Thesee ruler are like sign "welcome spam"

Quote
All outputs are 0.01 BTC or larger.

The rules are adequate in keeping spam away. 0.01btc is not a small amount if used for spamming, it is $3 at current prices. Would you mind if you get spammed 0.01 everyday? I wouldn't.

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