Sending without transaction fees

[josef2000]

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

[lolled]

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

Well the rule of thumb is never send a transaction without a fee. It may take a month to confirm. The prioirity is low for such transactions.

[ebliever]

Just use a wallet that lets you set the fee (I can't find a way to do it with Multi-bit, but Electrum lets you set your fee), and give it a try. It might take days for the transaction to go through, though, so don't try it with an important sum of BTC.

In general, though, I wish people would just pony up the 2.8 cents and feel good about supporting the network...

[lolled]

Just use a wallet that lets you set the fee (I can't find a way to do it with Multi-bit, but Electrum lets you set your fee), and give it a try. It might take days for the transaction to go through, though, so don't try it with an important sum of BTC.

In general, though, I wish people would just pony up the 2.8 cents and feel good about supporting the network...

Yes,Multibit does not allow its users to be able to change the fees themselves. It is permanently set to 0.0001

[josef2000]

Is it possible to somehow set the fees in the original bitcoin-qt?

[countryfree]

Is it possible to somehow set the fees in the original bitcoin-qt?

It was certainly possible, and I don't know if it has changed, but instead of thinking how to use the network for free, you'd better think about how to make it fast and sustainable. If I were a miner, there's no way I would let a transaction go through without a fee.

Think about the miner's point of view: why should he accept transactions without a fee?

[Mikestang]

Just use a wallet that lets you set the fee (I can't find a way to do it with Multi-bit, but Electrum lets you set your fee), and give it a try. It might take days for the transaction to go through, though, so don't try it with an important sum of BTC.

In general, though, I wish people would just pony up the 2.8 cents and feel good about supporting the network...

Yes,Multibit does not allow its users to be able to change the fees themselves. It is permanently set to 0.0001

So if fee goes up will we need an update to not be set into low priority?

Or use a wallet that let's you set the fee per kb.

[RedhatCAT]

As long as your transaction is small enough (in terms of the size measured in kb) then pools will confirm a no transaction fee. The max size that pools will accept not containing fees varies from pool to pool.

There are other considerations that pools take into consideration as well when determining if they will confirm a no tx fee transaction, including (but not limited to): number of bitcoin days destroyed, size (measured by amount of bitcoin) of both the inputs and outputs. Again the policies regarding the criteria to allow transactions to be included in a found block varies from pool to pool.

Generally speaking, if you include a transaction fee of .0001 (equal to roughly 2.8 cents) then your transaction will be included in the next found block. IMO this is a very small price to pay for next block confirmation

[MegaHustlr]

That's true for big transactions.
Let's suppose you are sending 0.03 btc to someone , so generally you pay 0.0001 as transaction fees , but i sometimes crop it to half i.e. 0.00005 and still get same confirmation time, though it is not recommended and before you use them , Remember that they might take some days to pass

[ticoti]

You can send sometimes transactions without fees but you have to be care with what you do it, I never send it without fees so I don't have to worry about if it arrives

[odolvlobo]

That's true for big transactions.
Let's suppose you are sending 0.03 btc to someone , so generally you pay 0.0001 as transaction fees , but i sometimes crop it to half i.e. 0.00005 and still get same confirmation time, though it is not recommended and before you use them , Remember that they might take some days to pass

In general, paying a fee of 0.00005 per kb is the same as paying nothing. However, each miner sets their own fee policy, so some miners might choose a transaction paying 0.00005 per kb over a transaction paying no fee.

[Alexis]

The fees are sooo small...
Just pay them like everyone else.

[wadili89]

this fee helps the bitcoin network running and its not much its not worth much for one , but there are some wallets who allow to change the fee but once it take 3 days almost

[mlferro]

this fee helps the bitcoin network running and its not much its not worth much for one , but there are some wallets who allow to change the fee but once it take 3 days almost

yes, to change the rates (reducing) probably will cause the very long transaction

[OROBTC]

...

kingcolex, Alexis, countryfree, lolled and ebliever

I'm with you guys.  Just pay the 3 cents...



To keep the miners in business and the BTC network maintained, three cents is almost nothing, a bargain.

[lassdas]

... the fee's keep the network going around and around, ...

this fee helps the bitcoin network running ....

To keep the miners in business and the BTC network maintained, .....

What are you guys talking about?

99.5% of what keeps the network running is the reward of 25 BTC,
compared to that, ~0.1BTC in fees is nothing, that's not what keeps a miner in business.

[ajareselde]

Is it possible to somehow set the fees in the original bitcoin-qt?

It was certainly possible, and I don't know if it has changed, but instead of thinking how to use the network for free, you'd better think about how to make it fast and sustainable. If I were a miner, there's no way I would let a transaction go through without a fee.

Think about the miner's point of view: why should he accept transactions without a fee?

Im using bitcoin core 0.10, and it lets you to decide on the fees or no fees option, and also provides an auto estimation on how much the
fee should be for the transaction to be processed quickly.

theres some more info here (https://github.com/bitcoin/bitcoin/blob/0.10/doc/release-notes.md#0100-change-log)for those who are like me and still dont use those fancy wallets everyone has today.

@op just pay the fee, its not worth it waiting possibly days/weeks for your transaction to be confirmed (unless its something realy small), and the fee is funny,
dont know why some people make such a fuss about it.

cheers

[Herbert2020]

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

i found out that it is possible to send a transaction without any fees but in fact changing the fees depend on your wallet!
my experience is if you are using blockchain.info you can easily change it to zero and send it if it is not confirmed within 2 days it will be rebroadcasted automatically until it gets confirmed.
if you are using Multibit or Electrum the only way to change the fee is to change the coding and compile the wallet again!

[noma]

Hello,
I read many things about transfees(not be included in a block)
Any I saw many transactions without fees and still getting confirmed.
How is that possible and how can I actually do it?

i found out that it is possible to send a transaction without any fees but in fact changing the fees depend on your wallet!
my experience is if you are using blockchain.info you can easily change it to zero and send it if it is not confirmed within 2 days it will be rebroadcasted automatically until it gets confirmed.
if you are using Multibit or Electrum the only way to change the fee is to change the coding and compile the wallet again!

Multibit doesn't allow you to change the fees. Trying to coding and compiling the wallet yourself, can complicate things and is not recommended.

[twister]

How is it that some people are able to send low fee transactions and get faster confirmations? I have received couple of transactions in the past where the sender sent with fee as low as 300-400 satoshi and they got confirmed within a few minutes. And I always add 10k Sats miner fee at-least yet my TXs take a long time to confirm.