Post
Topic
Board Bitcoin Discussion
Re: Is there a new policy on miner's fee?
by
Starlight2
on 24/04/2017, 07:31:02 UTC
I wanted to send $9 worth of bitcoin through my blockchain wallet and was shocked to be charged a $4 miner fee.  I adjusted it a bit using advanced send but was sceptical when the familiar message that it might not be confirmed popped up. I didn't want to risk that so i sent it.  It still took 21 hours to be confirmed and i raised a ticket when i discovered $0.04 was displayed  as miner fee while $13 was deducted for the whole transaction, meaning $4 was charged. Then why the display of $0.04?
I got an apology as reply and explanation that miner's fee are based on file size of the transaction among other factors and not on the actual value of transfer and the appropriate
 miner's fee are automatically included based on dynamic fee calculation.
I wasn't satisfied with the explanation and still could not figure out what went wrong. I have never encountered that since I've been sending through blockchain. I wish someone could really explain this.
I don't think there's any new fee or policy being implemented, so I'm surprised that you're experiencing something like this. I'm not entirely sure what it is that could have gone wrong. As for $0.04 being a miner's fee, that would explain the 21 hours it took to confirm the transaction, but I can't figure out how it would deduct $13 and list the miners fee as low as it was.
Blockchain is good about this kind of stuff, could it have been a user setting that you changed that ended up breaking the whole system or something?
Other than my Security settings, i don't really fiddle with any other thing. I'm not that savvy.  Even the advanced option i use it with much caution