Post
Topic
Board Altcoin Discussion
Topic OP
Transaction Fees
by
Cheshyr
on 25/04/2013, 17:21:01 UTC
I have questions about how they work.  I've had this issue in both Bitcoin and Litecoin Qt clients.

I joined a p2p pool that dumped my shares directly to my wallet.  I don't have a lot of horsepower, so after a few hours I had 50 transactions totaling about 1LTC.  I wanted to send them to BTC-e to add to my funds there.  I select it all, set the tx fee to 0.01, and hit go.  It comes back and tells me I don't have enough funds because of the 0.8 LTC tx fee.  I lower my optional tx fee, until i've eventually removed it entirely.  It's still demanding 80% of my transaction just to send it.

What part of the system am I missing?  Is there a baseline tx fee?  Doesn't this make p2p kinda worthless for LTC, since it doesn't aggregate your earnings before sending them?