Just what is a FAIR fee to send a Bitcoin transaction?

[BADecker]

Is this a fee fair where we figure out a fair fee?   

[chennan]

I feel that it largely depends on the amount sent. For example for microtransactions such as .001 BTC, it would be unreasonable to charge a large fee. On the other hand with the larger transactions, it doesn't make much sense to charge a .0001BTC fee

0.001 BTC should have bigger fee requirements, because it is dust. Bitcoin was not made for such small transactions, they only clutter the network and there should be no incentive for them

50k in the block are set aside for the highest-priority transactions, regardless of transaction fee. So ppl may take the advantage of this rule and avoid paying transaction fee. It is not fair for the ppl who are paying transactions fee to get their transactions included in the block quickly! And why should we pay the fee based on the transaction size? IMHO We should pay the transactions fee based on the amount we sent. The higher amount we send, the more fee we should pay. Besides that, the dust amount should be avoided as well.

Is this a fee fair where we figure out a fair fee?   

What are you trying to say?

[mezmerizer9]

What is the fairest fee?

Just add 0.001 BTC free to your transaction and you'll be fine.

0.001 BTC is too high for a small amount! I think we include 0.0001 BTC/K is fine with the transaction.

Yeah,like me. I am waiting for two days now for first confirmation. and the fee is not even zero,its 1100 satoshi... Man thats frustrating

At least the fee should be 20000 satoshi for the transaction to get confirmed quickly! Its prioirty is very low, the inputs are just small amount!
You could have a look here: https://en.bitcoin.it/wiki/Transaction_fees#Sending

[Argwai96]

What is the fairest fee?

Just add 0.001 BTC free to your transaction and you'll be fine.

Which is about 27 cents today, far higher than the few cents which most Bitcoiners want to pay (according to the poll)

Yea .001 it a bit too high, i have been using manual fees with .0001 all the way to .0007 which i think is a bit fair looking at the volume of bitcoin your sending of course.

[Adrian-x]

What is the fairest fee?

Just add 0.001 BTC free to your transaction and you'll be fine.

Which is about 27 cents today, far higher than the few cents which most Bitcoiners want to pay (according to the poll)

Yea .001 it a bit too high, i have been using manual fees with .0001 all the way to .0007 which i think is a bit fair looking at the volume of bitcoin your sending of course.

just commenting to bump.
fees should be minimal, however there will alleyways be a need to pay a significant fee for priority service.

[The Sceptical Chymist]

I've paid $0.08 using Mycelium, and I was OK with that--but the amount I was sending was much more than that.  For very small transactions obviously I'd prefer smaller miners' fee.  But I voted $0.12.

[pawel7777]

I'd say ~$0.05 is quite optimal and anything below $0.1 is tolerable for average BTC transaction.

I guess all those who voted 1 cent or less don't realise that in future fees will play crucial part in providing reward for miners.

Adrian-x - thanks for digging up this thread.

[Adrian-x]

Adrian-x - thanks for digging up this thread.

credit goes to solex, I just wanted to see if there was a significant shift given recent events.

[OROBTC]

...

I have had pretty good luck (even when the blockchain was under spamming attacks / stress tests) with BTC0.0003 (12 cents).  Even for small transactions (say US$10 or even less).

Were it to be important (sending over $100 worth of BTC or making a purchase) I would send (and have sent) up to BTC0.0006.

0.0003 - 0.0006 seems to be a nice little plum for almost any miner to harvest...   

[n0ne]

Almost 80 cents can be provided as a transaction fee. Every time while doing transactions I prefer it. Will be getting quick confirmations.

[bob123]

A fair fee in this case for me is about a few cent (3-5).
Of course this is influenced by a lot of factors. But in this current stage thats my awnser.

[Hirose UK]

For me fair fee is lowest possible fee, that satisfies bitcoin users AND miners.
So i won't tell in FIAT, it must be small like 0.0001 BTC, but with millions transactions everyday it will still be good money for miners

I think so, but sometimes it depends on the price of bitcoin or how long will we wait for the transaction because we know the miners will process the highest fee first.

[honeyhtet]

I think a fair fee would be something at the range of 0,5-1 cent. Everything more than that is extremely expensive, I understand that miners need to make profit but extreme fees would decrease the overall use of the network and indirectly reduce there profit.

[sachung]

between 1 to 3 cents, I am not sure it will be good for miners with the halving with a fee reduction but it is very high right now, it was around 10 cents before when BTC was worth $1000 and this 10 cents is very high for small transactions.

[exstasie]

Cannot be calculated in fiat costs. The protocol cannot control the market, and should not attempt to simulate the market as that is impossible. If bitcoin can, in time achieve its own economy that is not completely dependent on btc/fiat gateways, then this will make more sense to users.

Anyway a "fair" fee depends on validation costs. That's how the code is currently written. As block size increases, so do validation costs. Bitcoin is a broadcast network, meaning every node needs to process every piece of information on the blockchain. If you know anything about telecommunications, this is known not to be scalable. The way engineers can achieve scalability is to (like IPv4 protocol) build additional layers to accommodate capacity and new functionality.

[richardsNY]

Nowadays I add around 15K satoshi for every transaction as 10K don't always seem to make my transaction confirm within 3 blocks. If I add 15K satoshi then my transaction mostly gets confirmed directly.

[n691309]

Simple poll to find out just what most people think is a fair fee for sending a transaction on the Bitcoin network, long-term.

Paying a bill; buying a car, computer or coffee; making a donation, or whatever...
In 2014 US dollars please choose the amount that you think is closest to what the BTC equivalent mining fee should be for a standard transaction.

Assuming also that a standard transaction is on-chain, not a micro-transaction,  it is for something that is usually paid for with fiat.

What is the fairest fee?

It's unfair to have the same fee when sending 10 dollars and sending 1 million of dollars worth in bitcoin, i think a fair fee would be 5 cents per little transactions.

[romero121]

I would prefer 5 cents. When we provide low transaction fee, the confirmation gets delayed. Just to avoid the delay giving a bit more gives confirmation in a very short time.

[lolgato1]

I would say it would depend on the size of the transaction usually when I'm sending my btc usually over 0.5 btc I does use 0.0002 btc fee so that there's no delay on me.

[TastyChillySauce00]

Almost 80 cents can be provided as a transaction fee. Every time while doing transactions I prefer it. Will be getting quick confirmations.

as i experienced, higher fee won't affect the confirmation speed if compared to another transaction with enough fee,it's just a waste of money even a bit, i didn't mean to be stingy but i spend as low as i can for thing which is negotiable