Post
Topic
Board Securities
Re: donations for 3/8/2013 20:21 (Local NY time)
by
nonnakip
on 09/03/2013, 12:03:57 UTC
(( Bitcoin Foundation: Blog -- Core Development Update #3 )) -- Link

Quote from: Gavin Andresen on or around Mar 08 2013
I got a few emails from people concerned that their transactions weren’t confirming after an hour or three

In the linked article from the blog:

https://gist.github.com/gavinandresen/5044482

Quote from: Gavin Andresen on or around Feb 27 2013
Therefore, a rational miner should demand at fee of at least $0.0025 per transaction (1 cent / 0.0003 BTC per kilobyte). The current suggested fee-per-kilobyte for the reference implementation is 0.0005 BTC/kb (almost 2 cents).

nastyfans distributions use 0.0005 BTC. The transaction size is 4.5KiB. So we use much less than the Gavin recommendation. nastyfans policy does not discuss tx fees for distributions.

For future distributions I will use the recommendation tx fee from Gavin. For the last distribution this is 0.00219922 BTC instead of 0.0005 BTC.