Bitcointalk Mobile Browser presented by IRLBTC™

<< >> (p.2)

Author

Topic: what's the best practice for transaction fee setting? (Read 1244 times)

newguy05 (OP)

Hero Member

Offline

Activity: 1316
Merit: 503

Someone is sitting in the shade today...

what's the best practice for transaction fee setting?

June 10, 2011, 12:15:10 AM

I am just curious if most of you set transaction fee? and if so what's the amount. The bitcoin client says it recommends 0.01. I dont mind paying some for transaction fees to support the network but just want to get a feel what is the accepted norm in the community. thanks

L I N K
by BLOCKMASON

│
│
│

..CREATE WEB APIS........
..FROM ANY SMART........
..CONTRACT.........................

│
│
│

READ THE
WHITEPAPER
>>>

│
│
│

▄ █▄ ▄ ██▄ ███▄ ▄██ ████▄ █████▄ ▄████ ██████▄ ███████▄ ▄██████ ████████▄ ▀███████▄ ▄███████▀ ██████████▄ ▀███████▄ ▄███████▀ ████████████▄ ▀███████▄ ▄███████▀ ▄ ██████████████▄ ▀█████████████▀ ▄██ ████████████████▄ ▀█████████▀ ▄████ ██████████████████▄ ▀█████▀ ▄██████ ████████████████████▄ ▀█▀ ▄████████

BLOCKMASON
BUILDING THE FUTURE

│
│
│

▄▄██ ▄▄██████ ▄▄███▀▀█████ ▄▄█████▀ ▄█████ ▄▄███████▀ ▄███████ ▀████▀ ▄█████████ ██ ██████████ ██ █▀ ▀▀███ ▀▀▀ TELEGRAM

│
│
│

⚫ FACEBOOK
⚫ REDDIT
⚫ TWITTER

⚫ LINKEDIN
⚫ GITHUB
⚫ MEDIUM

jackjack

Legendary

Offline

Activity: 1176
Merit: 1281

May Bitcoin be touched by his Noodly Appendage

Re: what's the best practice for transaction fee setting?

June 10, 2011, 12:19:07 AM

The next release will recommend 0.0005

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.

kokojie

Legendary

Offline

Activity: 1806
Merit: 1003

Re: what's the best practice for transaction fee setting?

June 14, 2011, 04:30:21 PM

0.0005 is great. The 0.01 fee was too much for frequent transactions.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6

kokojie

Legendary

Offline

Activity: 1806
Merit: 1003

Re: what's the best practice for transaction fee setting?

June 14, 2011, 04:35:10 PM

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6

TheAlchemist

Full Member

Offline

Activity: 265
Merit: 100

Re: what's the best practice for transaction fee setting?

June 14, 2011, 04:43:35 PM
Last edit: May 12, 2018, 11:02:03 AM by TheAlchemist

Quote from: kokojie on June 14, 2011, 04:35:10 PM

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

I just transferred 1 bitcoin to with no fee...

kokojie

Legendary

Offline

Activity: 1806
Merit: 1003

Re: what's the best practice for transaction fee setting?

June 14, 2011, 05:07:24 PM

Quote from: TheAlchemist on June 14, 2011, 04:43:35 PM

Quote from: kokojie on June 14, 2011, 04:35:10 PM

Though I often wonder, but never dared to try, 0.00 fee. Does it work?

I just transferred two bitcoins to http://www.tradehill.com with no fee...

how long did it take? One guy said it took over 10 hours for his 0 fee transaction to appear in mtgox

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6

TheAlchemist

Full Member

Offline

Activity: 265
Merit: 100

Re: what's the best practice for transaction fee setting?

July 01, 2011, 01:30:07 PM

Quote from: kokojie on June 14, 2011, 05:07:24 PM

how long did it take? One guy said it took over 10 hours for his 0 fee transaction to appear in mtgox

Yeah, it took about an hour or two, IIRC, but I wasn't monitoring it continuously because, well, it was only a few BTC.

Pages: [1]

Page 1

Viewing Page: 2