XMR change your fee from .1 to something realistic

[spacelab]

 

[Oscilson]

The fee is ok, it is about $0.1.

[tacotime]

We're currently testing per KB transaction fees, we will roll them out on mainnet when we are done testing.

[spacelab]

The fee is ok, it is about $0.1.

sure, when i mine 1 coin a day on 6 cores [more like 1 coin a week at this rate], i pay 10% to transfer them out. .01%, or .01 fee seems more realistic

[spacelab]

We're currently testing per KB transaction fees, we will roll them out on mainnet when we are done testing.

thanks for the quick reply, i was hesitating switching to another coin - but ill stick with xmr

[nutildah]

Haven't you heard? The devs need to get paid.

[nutildah]

Haven't you heard? The devs need to get paid.

stop the FUD, this fee doesnt go to the devs, you are confusing with BBR that does that.

Well unless the devs are miners.

Stop shilling for Monero. Its boring and tired.

[Oscilson]

Haven't you heard? The devs need to get paid.

stop the FUD, this fee doesnt go to the devs, you are confusing with BBR that does that.

Well unless the devs are miners.

Stop shilling for Monero. Its boring and tired.

XMR is being developed.

[Febo]

Haven't you heard? The devs need to get paid.

Have not you heard that transaction fee goes to miners?
You need to research this forum a bit more.

[nutildah]

Have not you heard that transaction fee goes to miners?
You need to research this forum a bit more.

Have you not heard that sometimes devs mine their own coins?

[smooth]

0.1 is very realistic when you consider the actual underlying costs of processing a transaction on a blockchain. That's around 0.10 USD at current prices. A typical fee for Bitcoin is 0.0001 per kilobyte, which is around 0.04 USD. For a 20KB transaction that would be around 0.80 USD, or 8x what the corresponding XMR transaction costs. Monero doesn't have per-KB calculation of fees yet, but only for the very smallest transactions (2KB or less) will XMR be more expensive. For most it will be less expensive.

People need to adapt their usage to realistic transaction processing costs, not expect fees to hide those costs. Mostly that means pools not making tiny payouts.

[Spoetnik]

if it's not good for small transactions then it's broken.

you can't make an excuse like that.. well you guys can try i sure hear it a lot ahahha

fix it guys and think smarter on your next coin..

[CryptoCarmen]

Omg, Spoetnik lost his trust. World is collapsing!

[BitmoreCoin]

if it's not good for small transactions then it's broken.

you can't make an excuse like that.. well you guys can try i sure hear it a lot ahahha

fix it guys and think smarter on your next coin..

Blockchain costs money as it is stored in many computers and transfer cost bandwidth. As long as the price is reasonable, we will still use the coins.

[michaelb87]

+100. Fee is way too high compared too others. Why is this the case?

[BitmoreCoin]

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months. Blockchain bloat is one of the biggest problem for Cryptonotes.

[muddafudda]

Check to see if the source code just checks for fees or actually checks for minimum fee amounts. Change the source minimum, recompile and see if it sends.

[jwinterm]

Check to see if the source code just checks for fees or actually checks for minimum fee amounts. Change the source minimum, recompile and see if it sends.

You would need to mine your own blocks if you use a fee less than 0.1 XMR, as I'm pretty sure all of the major pools will only accept transactions that have a fee of 0.1 or greater. If you look through block explorer you will see occasionally (not sure how much anymore) a tx goes through with a lower fee because the block is mined by some pool or solo miner running an older version of the daemon, but they are very few and far between.

[smooth]

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months.

Exactly right. If you are designing for long term soundness and viability you can't have tiny transaction fees that pretend blockchain transactions are nearly free, when they are not.

[nutildah]

+100. Fee is way too high compared too others. Why is this the case?

That is because XMR has future. It is different from other altcoins, whose life span is just months.

Exactly right. If you are designing for long term soundness and viability you can't have tiny transaction fees that pretend blockchain transactions are nearly free, when they are not.

Sounds like a load of horseshit to me.

PS: Why do you think you have credibility here still? You've done nothing but spew lies and propaganda about Monero for the last 6 months. You've cost countless people money and all for what? You've just been wrong time after time after time, yet you still think your opinion matters. Why?