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

[brituspol]

tx fees should be % based with a minimum fees
like 0.10% with minimum of 0.0001btc for each tx

[afriezalie]

Current transaction fee 0.0001BTC below 0.01BTC transaction is good enough. The best value is 0.0005BTC for transaction under 0.01BTC for miners and prevent spammers. Also we can use the range of value to determine transaction fee.

[Hollingsworth]

I can only just admire the discussion in this thread.

We are talking about a transaction fee, in the pennies, to send a financial transaction to the other side of the world.

Not taking bitcoin for granted, its a beautiful thing.  

H.

[pooya87]

i think we have to consider a couple of things here.
first is that right now miners will get 25BTC as the block reward and with current price (and rising price) it is enough for them to make it profitable. so they are not relying only on transaction fees so it can be low.
second is that the amount of bitcoin you send can be different for every use, for example if you want to do a micro transaction with small amount then 0.0001BTC can be huge for you. but if you want to send a large sum of money like 100BTC then it is nothing in comparison.

[OROBTC]

...

I am OK with about $0.05 (or BTC0.0002).  At this point with the attacks hitting the blockchain, it seems perfectly reasonable to me to disallow tiny payments.

I am sympathetic to the idea of micropayments, but perhaps they can be handled on sidechains or by other measures as mentioned above.

IIUC, the spammers are close to filling up the 1MB blocks at times.

A nickel payment is just fine if it ensures that these guys (spammers) are dispensed with...

[Amph]

can we speak in bitcoin please? i cannot recognize cent when i deal with mbtc ubtc everyday

i think that at best 100k satoshi should suffice for any TX, i'll not pay more unleas i want to move a very large amount

[randy8777]

0.0001 btc is enough if you ask me. currently the miners don't really need the fees as they still get 25btc per block. that might change after the halving. pools will get more picky regarding including transactions then.

[Amitabh S]

It should depend on the tx size. I'd say about 50 cents per kilobyte might be what we are looking at soon.

[EternalWingsofGod]

I voted for a nickel, which in Bitcoin terms is adjusted to the closest approximate value.
Dynamic fees and a standard fee of course are different if Min txt is a nickel people can always pay more to priortize their transactions.

[Herbert2020]

i think the amount of fees that we are paying per transaction is fair enough that there is no need to change that. i mean the 0.0001 is like 2 cents which is a great positive point about bitcoin, and this is one of the things that is making bitcoin different, and better that any other money transferring methods.

[manselr]

The fees will need always to be substantially smaller than anything we've ever seen before in money transactions, otherwise people will think "well.. another less reason to use this over traditional banking". The small fees of Bitcoin are one of its big selling points and main attractions, so do not ruin it.

[gkv9]

I feel 0.0001 is currently, and will always be the best and FAIR fee compared to if you are too much interested in paying more...
Anyways, I even had transactions with fees between just 600-1k satoshis, and even those transactions got confirmed, but the only problem is, it takes time and unless these transactions get confirmed, we need to wait to spend our coins...

[ShamrockHannah]

As low as possible. That's always been one of the appalling things about bitcoin - low transaction fees. They shouldn't go making it to high. I would personally find it very off putting.

It should be done in percentages anyway. What if you only wanted to send a small amount but end up getting charged more than your are sending?

[ticoti]

I use electrum and I send tx with the fee it proposes

[philipma1957]

I think the 0.0001BTC fee is very reasonable at this price point, I don't mind paying this as fee for the upcomming years.

The market decides, and I will just follow.

I tend to agree  with you 0.0001 or 0.0002 seem low enough.

[QuestionAuthority]

If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.

[mallard]

I use a fee of 0.00026809 BTC/kB. Bitcoin-Qt says it will confirm within 6 blocks, but it's usually in the next block.

[HI-TEC99]

If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.

If it's a negligible amount like 1 cent then people will think of it as free. Once it rises above a few cents people will choose to use free methods of payment like debit cars. The only case where people might be prepared to pay high fees is sending money abroad when the fees are less than the fees for wiring money between bank accounts.

[QuestionAuthority]

If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.

If it's a negligible amount like 1 cent then people will think of it as free. Once it rises above a few cents people will choose to use free methods of payment like debit cars. The only case where people might be prepared to pay high fees is sending money abroad when the fees are less than the fees for wiring money between bank accounts.

For transactions where you normally pay a fee to send the money then Bitcoin should be a little below that but where there is no cost to send the transaction there should be no cost for Bitcoin either. If there's a cost no one will use it. You would have to be a fool to stop what you're currently using for free to move to something that will cost you to use.

[NorrisK]

If it's anything more than free I'm sure not going to use it for something like paying a bill or getting coffee. My banks debit card doesn't charge me to do that.

If it's a negligible amount like 1 cent then people will think of it as free. Once it rises above a few cents people will choose to use free methods of payment like debit cars. The only case where people might be prepared to pay high fees is sending money abroad when the fees are less than the fees for wiring money between bank accounts.

For transactions where you normally pay a fee to send the money then Bitcoin should be a little below that but where there is no cost to send the transaction there should be no cost for Bitcoin either. If there's a cost no one will use it. You would have to be a fool to stop what you're currently using for free to move to something that will cost you to use.

Currently, the shop often covers the payment fee.. The fee, atleast in the Netherlands can be up to a euro per transaction (depending on your volume ofcourse). As a costumer, you don't see this because the shop takes care of this. Maybe an option like this, where the receiver pays the fee, could be an option?