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Author Topic: is there any lightweight wallet which lets 0 fee transactions?  (Read 1776 times)
pooya87
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January 16, 2015, 06:44:09 AM
 #1

is there any lightweight wallet which lets user set 0 fee for transactions?

i am currently using Electrum, and despite it having an option to change the fee, i couldn't set it to zero!

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AussieHash
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January 17, 2015, 03:22:10 PM
 #2

I'm using Electrum 2 beta, but have no problem sending 0 fee transactions

Tools > Electrum Preferences > enable "Set transaction fees manually"

Send Tab > Fee 0 BTC

Electrum will intelligently calculate the transaction priority based on amount and days destroyed, if your priority is too low, it will stop you "This transaction requires a higher fee, or it will not be propagated by the network."

If you send old coins, then you wont see the popup and the transaction electrum will broadcast the transaction.

pooya87
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January 17, 2015, 06:53:47 PM
 #3

I'm using Electrum 2 beta, but have no problem sending 0 fee transactions

Tools > Electrum Preferences > enable "Set transaction fees manually"

Send Tab > Fee 0 BTC

Electrum will intelligently calculate the transaction priority based on amount and days destroyed, if your priority is too low, it will stop you "This transaction requires a higher fee, or it will not be propagated by the network."

If you send old coins, then you wont see the popup and the transaction electrum will broadcast the transaction.


i couldn't do this in my electrum with any coin age. it is the latest version (version 1.9.Cool
but when the same private keys were imported in blockchain.info i could send them without any problem.

i am gonna give the beta a try now

Kazimir
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January 18, 2015, 02:54:23 PM
 #4

Sending 0-fee transactions is generally a bad idea.

Low-fee transactions (like 100 satoshis fee or so) typically come through eventually, even though it may take up to 24 hours before they get confirmed. But zero-fee txs tend to get lost. even payment providers that normally accept unconfirmed payments will typicall refuse zero-fee transactions.

In theory, there's no difference between theory and practice. In practice, there is.
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mezzomix
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January 19, 2015, 11:55:58 AM
 #5

But zero-fee txs tend to get lost. even payment providers that normally accept unconfirmed payments will typicall refuse zero-fee transactions.

Wrong in both cases. Just check the blocks of the last 4 weeks and you will find zero-fee transactions. Some of them were sent by me. A few of my zero-fee transactions were going to Bitpay.
pooya87
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January 19, 2015, 02:32:36 PM
 #6

Sending 0-fee transactions is generally a bad idea.
yeah, yeah, i know, i know

Low-fee transactions (like 100 satoshis fee or so) typically come through eventually, even though it may take up to 24 hours before they get confirmed. But zero-fee txs tend to get lost. even payment providers that normally accept unconfirmed payments will typicall refuse zero-fee transactions.
to my knowledge there is no difference between 0 tx fee and Low-fee transactions (like 100 satoshis fee or so) both will be considered low priority and will be dealt with in the same way

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January 20, 2015, 01:04:16 PM
 #7

Try TermWallet. It is a simple command-only wallet. Its easy and simple. GUI will probably come soon. I think it allows custom fees.

Thread : https://bitcointalk.org/index.php?topic=916699.0
Github : https://github.com/grayleonard/termwallet

i couldn't do this in my electrum with any coin age. it is the latest version (version 1.9.Cool
but when the same private keys were imported in blockchain.info i could send them without any problem.

i am gonna give the beta a try now

Did you use console for singing TX? You can set a custom fee when using commands.

P.S. List of available commands : https://en.bitcoin.it/wiki/Electrum#List_of_commands

   ~~MZ~~

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January 21, 2015, 10:13:01 AM
 #8

[...]
I think it allows custom fees.
[...]

I don't see anything mentioned of fees in the usage instructions or the thread.

The code only shows
Quote
Transaction.REFERENCE_DEFAULT_MIN_TX_FEE


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dabura667
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January 21, 2015, 03:12:19 PM
 #9

It's pretty dang easy to get 0 fees to go through on Electrum.

You don't even need to be that good at programming.

1. Install from source.
2. Edit source to allow 0 fees
3. Set fees to 0
4. Send bitcoin with 0 fees.

It's literally just changing 1 line of code by deleting 3 characters.
I'm sure you guys can figure it out.

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pooya87
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January 21, 2015, 05:25:01 PM
 #10

~~
1. Install from source.
~~~
this is my problem! i tried a while back but i kept getting errors

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January 21, 2015, 05:27:40 PM
 #11

Just as a side note remember that the fee goes to miners for the work of processing transactions. In the future it will get harder and harder to send BTC without a fee. It could lead to "stuck transactions" that are a bit of a hassle.

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January 28, 2015, 08:41:11 PM
 #12

Honor the miners who provide nodes for the transactions. Do pay a nominal fee always.

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