Post
Topic
Board Bitcoin Discussion
Re: Is there a new policy on miner's fee?
by
Starlight2
on 24/04/2017, 08:01:31 UTC
Thanks everyone,  at least I'm receiving answers that doesn't seem automated.  Here's the transaction id
https://blockchain.info/tx/2dbee10d35da22a63ed027d8ed30cca513cc264d3f13af08f1a8f2c8d4ea8f12
Hoping for more answers

It's not clear to me what additional answers you are looking for, but given the size of your transaction, a $4 fee is not unexpected.

One of the drawbacks of the 1 MB limit, and the rise in transaction fees that it has caused, is that a large portion of the bitcoin supply is now effectively unspendable. When looking at your transaction, I see several outputs whose values are less than the cost to spend them.

I still don't understand,  how can i limit the size of data generated or size of transaction,  prevent future occurrence or anything that I'll understand in simple terms. You're assuming i can interpret the figures and terminologies. How do i raise the limits from 1Mb? (i wasn't even aware there's a limit).  I'm thinking of having another wallet entirely if this one will continue to generate high fees in the course of usage