Bitcoin Transaction Fee Calculator – Bitcoin Transaction Fee

05-18 04:24 - 'its the software that calculates the fee that is the issue, and its a common thing across all services that uses em. look at the chain and you'll see that most transactions pay 20 to 100x more than they need to in fees f...' by /u/OverLeveraged14 removed from /r/Bitcoin within 2-12min

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its the software that calculates the fee that is the issue, and its a common thing across all services that uses em. look at the chain and you'll see that most transactions pay 20 to 100x more than they need to in fees for a long time following a day of high traffic.pretty clear example going on right now. [[link]2
edit : always use a wallet that lets you set custom fees.
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Author: OverLeveraged14
1: jo**en-hoeni***.de/*ueue/#0,** 2: jochen-hoe**ck**de/queu*/**,2d]^^*
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Could someone explain how to calculate costs with bitcoin transaction fees included?

I need to buy bitcoin, send it to my wallet, then buy something with my wallet. I'm just unclear on how to calculate exactly how much bitcoin I need because I'm not sure how to factor in the transaction fees of which there will be three: First when I buy more bitcoin on the exchange, then again when i send it to my bitcoin wallet. Finally when I use my wallet to buy this product, I'll get a third fee.
Could someone explain how to calculate costs with bitcoin transaction fees included?
submitted by Column_A_Column_B to Bitcoin [link] [comments]

Calculate the bitcoin transaction fee

I want to calculate the bitcoin transaction fee based only on the value of the transaction.
Like this:
I want to transfer 0.05 BTC from address A to B, how much will the transaction fee will be? How much the B address will receive?
Thank you
submitted by ruiferrolho to btc [link] [comments]

Calculate the bitcoin transaction fee /r/btc

Calculate the bitcoin transaction fee /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ive done some smaller transactions and then moved the bulk of the BTC to the ledger. Now I have like 0.05 btC on gdax. Can I transfer the whole thing and the fee will be deducted automatically or do I have to calculate that ahead of time myself and then deduct that from the amount /r/Bitcoin

Ive done some smaller transactions and then moved the bulk of the BTC to the ledger. Now I have like 0.05 btC on gdax. Can I transfer the whole thing and the fee will be deducted automatically or do I have to calculate that ahead of time myself and then deduct that from the amount /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How are Bitcoin Transaction Fees Calculated?

How are Bitcoin Transaction Fees Calculated? submitted by cryptolobe to cryptolobe [link] [comments]

How to calculate the price of the fee for a transaction? /r/Bitcoin

How to calculate the price of the fee for a transaction? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How should transaction fees be calculated? Why is bitcoin becoming expensive?

We know Satoshi expected a degree of node centralisation to occur as bitcoin became popular globally. We already have mining centralisation and bitcoin continues to work.
By failing to repeal the 1mb maximum blocksize limit, bitcoin is now limited by an artificial cap to transaction space within each block. Core developers have deliberately created a situation where users must now use their transaction fee to bid for a coveted seat in these constrained blocks. We all know that when demand for transactions exceeds available space that the network 'breaks' with rising fees, transaction delays and a new extremely cheap attack vector to disable the network for regular users (flood attack). Gregory Maxwell says that bitcoin was designed to run with full blocks like this all the time (interesting viewpoint given in 2009 bitcoin was released without such limitations and it has taken 7 years to reach this precarious state!).
But it doesn't have to be this way.
Surely bitcoin fees should be set by the market and not by a few shadowy individuals such as nullc. The marginal cost of transactions in a block should be set by costs miners pay to win the block (electricity, storage, network etc). (Ultimately then bitcoin is a monetary form of stored electricity, an energy currency.)
With an adaptive blocksize solution the lower bound of transaction fee is set by miners competing freely with one another to win transactions to include in their next block. This marginal cost does not trend towards zero as nullc suggests as miners have bills to pay and the block reward is disappearing exponentially. The transaction fee should be as low as the market will bear and will balance with orphan risk through creation of larger blocks.
There is no need for central planning or artificial fee 'markets' that do nothing except degrade current network performance and destroy the user experience for everyone. Miner greed to collect fees should drive bitcoin not the whims of developers.
TLDR: without the 1mb cap bitcoin would work as originally intended by Satoshi, transactions would be more plentiful and cheaper, whilst the network would be more resilient to attack.
EDIT Thread has been up for 10 hours and no sign of any small block proponents other than the /bitcoin resident troll. Typical.
submitted by Joloffe to btc [link] [comments]

We need minimum transaction fee calculations in Bitcoin as well. How Cardano's transaction fees work...

We need minimum transaction fee calculations in Bitcoin as well. How Cardano's transaction fees work... submitted by kishvier to btc [link] [comments]

Transaction dust (or how to calculate bitcoin fee?) /bitcointalk.org

Transaction dust (or how to calculate bitcoin fee?) /bitcointalk.org submitted by BitcoinAllBot to BitcoinAll [link] [comments]

You don't know how to correctly calculate the fee necessary for a transaction to be sent, stop using wallets that ask you of this. /r/Bitcoin

You don't know how to correctly calculate the fee necessary for a transaction to be sent, stop using wallets that ask you of this. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Explain me bitcoin transactions fees and how to calculate it please

I just dont get it. For now its, 0.0004 btc per kb, for example if i want to transfer 0.01 how much fees will be apply?
submitted by johnybaker987 to Bitcoin [link] [comments]

Are there any SIMPLE transaction fee calculators? I may have to remove bitcoin as a payment method on my site.

Hi there,
I am having a number of customers have problems with their transactions getting stuck. Invariably they are new to bitcoin and the default fee in wallets like mutlibit and bitcoin core is too low but they have no idea why the suggested fee would be a problem so they use that.
Their transaction gets stuck and they either blame Bitcoin for being too complicated for them, or us for stealing their money.
I have found a number of fee estimation sites but all of them display graphs which new users have not got a clue how to interpret. I need a simple tool which uses the average transaction size and looks at current network congestion to calculate a fee in BTC. No "satoshis per byte" or anything that is more complex than pasting a number into their client.
Does such a tool exist, or if it doesn't, how hard would it be to make?
If I wanted to make this I would take the [fee per byte] for the [lowest fee with a possibility of getting in the next block] and multiply it by the [average transaction size in bytes].
So for a 300 byte tx it would currently spit out 0.000423 BTC. (0.141 sat/byte)
submitted by Reagent_Tests_UK to Bitcoin [link] [comments]

Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions

Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions submitted by CoinBriefBot to CoinBrief [link] [comments]

Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions #eth #altcoin #fintech… https://t.co/TY45HbAyuq - Crypto Insider Info - Whales's

Posted at: August 28, 2018 at 11:09AM
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Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions #eth #altcoin #fintech… https://t.co/TY45HbAyuq
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submitted by cryptotradingbot to cryptobots [link] [comments]

Bitnodes counts altcoin nodes (ABC) as Bitcoin nodes (ABC has lowered the difficulty "by hand" instead of every 2016 blocks) while they must exclude them in their Bitcoin transaction fee calculation: double standards?

Bitnodes counts altcoin nodes (ABC) as Bitcoin nodes (ABC has lowered the difficulty submitted by sumBTC to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Don't overpay for fees. Calculate them yourself and aim for 200sats if your transaction is not ur...

The following post by N-ve is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7owu1o
The original post's content was as follows:
Electrum suggests ~400sats for 25 block confirmations but you can pay 200sats and have it confirmed in less than a day.
To start off, check the estimate in minutes for 200 sats. If it's quick enough for you, multiple by a median transaction size of 226 bytes and that's the fees you should pay. Don't folow the auto suggested fees.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Switched to SegWit wallet. How many sat/byte should I be spending now? Is there a mempool fee calculator for SegWit transactions? /r/Bitcoin

Switched to SegWit wallet. How many sat/byte should I be spending now? Is there a mempool fee calculator for SegWit transactions? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How to Calculate Bitcoin Transaction Fees When Youre in a Hurry

How to Calculate Bitcoin Transaction Fees When Youre in a Hurry submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Question: Id like to start selling bitcoin to people that cant buy them themselves, whats an easier way to calculate the exchange rate for fiat to BTC in a private transaction ? Like for example a guy wanted to get $200 , after fees and transfers it came out to $126 left ... /r/BitcoinBeginners

Question: Id like to start selling bitcoin to people that cant buy them themselves, whats an easier way to calculate the exchange rate for fiat to BTC in a private transaction ? Like for example a guy wanted to get $200 , after fees and transfers it came out to $126 left ... /BitcoinBeginners submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitnodes counts altcoin nodes (ABC) as Bitcoin nodes (ABC has lowered the difficulty "by hand" instead of every 2016 blocks) while they must exclude them in their Bitcoin transaction fee calculation: double standards?

Bitnodes counts altcoin nodes (ABC) as Bitcoin nodes (ABC has lowered the difficulty submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Don't overpay for fees. Calculate them yourself and aim for 200sats if your transaction is not urgent /r/Bitcoin

Don't overpay for fees. Calculate them yourself and aim for 200sats if your transaction is not urgent /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Free bitcoin mining and withdraw without fee - YouTube Bitcoin Fundamentals: Transaction Fees BTC: How to Avoid High Fees & Tx Times How to Calculate Bitcoin Transaction Fees When You’re in a Hurry Bitcoin Transaction Fees Explained - YouTube

Bitcoin Transaction Fee Estimator – Calculate Bitcoin Transaction Fees – Up to Date Promotions, Information and News. Get the Best and Top Reviews Average transaction fee: $0.17 (1 input, 2 outputs, SegWit, 1 hour conf. time.) Bitcoin Fee Estimator / Calculator. BitcoinFees is a simple and very accurate Bitcoin fee estimator. The tool is displaying a chart of current mempool transactions ordered by fee value. Bitcoin Transaction Fee Calculator Bitcoin Transaction Fee Calculator – Bitcoin Transaction Fee Chart – Learn how to calculate your transfer fees before sending . You like games? Then you will love the following bitcoin games! SHARKOIN.com SHARKOIN is a brilliantly simple and very addictive online game! SharkRoulette.com WIN BIG! Play European Roulette with Bitcoin! Primary Sidebar ... Bitcoin Fee Estimator Calculate the optimal fee for your Bitcoin Transaction Estimated fee Segwit. NaN BTC $ NaN. For confirmation within 6 blocks ~ 60 minutes Inputs - + Outputs - + Total amount of bytes: 222. A fee rate of NaN Satoshi/byte applies for confirmation within the next 6 blocks. Our estimator lets you estimate the required fee for a Bitcoin transaction to be mined within the next ... However, the average Bitcoin transaction fee has come down rapidly since then. BitInfoCharts reveals that the average Bitcoin transaction fee had dropped to just $0.50 in the first half of November 2018, which is probably why users are transacting more in Bitcoin to send and receive payments across the globe. But what has caused such a massive drop in the average Bitcoin transaction fees? To ...

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Free bitcoin mining and withdraw without fee - YouTube

Calculating transaction fees is like riding a bike or rolling a cigarette: simple when you know how, but frustratingly complex otherwise. UX improvements over the last few years have made bitcoin ... Bitcoin Q&A: What happens to transaction fees when the block reward is zero? - Duration: 4:28. aantonop 12,987 views. 4:28. BITMEX Series Pt. 2 - Complete Guide to Order Types, Stop Losses and ... SUBSCRIBE AND PARTICIPATE IN MY GIVE AWA'S THANK YOU FOR WATCHING https://youtu.be/nQJrgYhQpLg ----- 👇👇👇👇👇👇👇👇👇👇👇👇 https://youtu.be ... Do you have a bitcoin transaction that seems to be stuck for hours in the mempool? Have you ever wondered if you are paying too much money for your transaction fees? This video takes the guessing ... Most wallets will calculate a proper transaction fee to ensure that this will not happen. Some will even give you some fee options to choose from depending on how quickly you’d like your ...

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