Post
Topic
Board Beginners & Help
Re: 0.005 BTC send + 0.0012 BTC fee ... why to much? explain please...
by
BlackMachine
on 15/06/2015, 13:12:48 UTC
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It is actually 0.00001 for nodes to relay your transaction.

No! As the owner of a node thats merely relaying transaction I can assure you that there is no such thing as a relay fee.

If you want a free transaction, leave the inputs there for a while. If the priority is high enough and size is small enough, you can send a no fee transaction.

This is very bad advice considering the inputs used. E.g. one of the inputs was 0.0000864 BTC which would take ~11k days to get a reasonable high priority in order to be send without fee.

[1] see this thread for more: https://bitcointalk.org/index.php?topic=1044399.0
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1) I was referring to the minimum TX fee for Bitcoin Core (V 0.10) nodes to relay the transaction. Sorry for mixing it up.
2) I was referring to OnkelPaul's advice of the 0.01BTC withdrawal thershold.