Ok here's a bit of a test.
I have one wallet that has been receiving a lot of 'micro payments'. From these get paid to click sites.
currently it has 93mBTC in it collected over 402 transactions. that would be 0.0930 BTC collected over a period of about 4 months.
If I try to send 0.090 BTC somewhere I am asked to pay a fee of 0.0255 BTC to do so. NO I did NOT mis read the number.
That is a transaction fee of over 28 percent of the amount!! I don't mind supporting the system but this is a bit insane of a transaction fee.
If this is the way the system really is then perhaps the 'community' should dissuade all these micro / sub micro click here sites from their attempts to grab their tiny part of the market because in the long run, the only ones getting any real money will be the miners at these rates. If not then are you saying then if I wait long enough, this fee will eventually waive itself down to zero? How long is long, weeks, months???
or am I just stuck and paying a BIG fee?
Thank you for your inputs.
Aaron
The priority formula,
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
takes into account the age of coins and the size of the transaction. Normally 1 btc of inputs should be 1 day old or older to avoid the fee. A transaction containing 400 inputs will be
huge, thus coins will have to be really old if you don't want to pay any fee.
That said, I'm sure if you sent the transaction without a fee it would still get included in a block.